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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss as of September 30, 2024 and 2023 included the following:

 

 

 

Three Months Ended September 30, 2024

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreements

 

 

Total

 

Accumulated other comprehensive (loss) income at June 30, 2024

 

$

(14,463

)

 

$

2,919

 

 

$

(11,544

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

4,745

 

 

 

(5,099

)

 

 

(354

)

Amounts reclassified from accumulated other comprehensive (loss) income (1)

 

 

 

 

 

(1,670

)

 

 

(1,670

)

Effect of taxes

 

 

(758

)

 

 

1,831

 

 

 

1,073

 

Total current period other comprehensive (loss) income

 

 

3,987

 

 

 

(4,938

)

 

 

(951

)

Accumulated other comprehensive (loss) income at September 30, 2024

 

$

(10,476

)

 

$

(2,019

)

 

$

(12,495

)

 

 

 

Three Months Ended September 30, 2023

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreement and Other Adjustments

 

 

Total

 

Accumulated other comprehensive (loss) income at June 30, 2023

 

$

(10,833

)

 

$

4,517

 

 

$

(6,316

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

(3,487

)

 

 

4,379

 

 

 

892

 

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 

 

 

(2,101

)

 

 

(2,101

)

Effect of taxes

 

 

(2,227

)

 

 

(617

)

 

 

(2,844

)

Total current period other comprehensive (loss) income

 

 

(5,714

)

 

 

1,661

 

 

 

(4,053

)

Accumulated other comprehensive (loss) income at September 30, 2023

 

$

(16,547

)

 

$

6,178

 

 

$

(10,369

)

 

 

 

Nine Months Ended September 30, 2024

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreements

 

 

Total

 

Accumulated other comprehensive (loss) income at December 31, 2023

 

$

(12,695

)

 

$

810

 

 

$

(11,885

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

2,877

 

 

 

1,161

 

 

 

4,038

 

Amounts reclassified from accumulated other comprehensive (loss) income (1)

 

 

 

 

 

(5,002

)

 

 

(5,002

)

Effect of taxes

 

 

(658

)

 

 

1,012

 

 

 

354

 

Total current period other comprehensive (loss) income

 

 

2,219

 

 

 

(2,829

)

 

 

(610

)

Accumulated other comprehensive (loss) income at September 30, 2024

 

$

(10,476

)

 

$

(2,019

)

 

$

(12,495

)

 

 

 

Nine Months Ended September 30, 2023

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreement and Other Adjustments

 

 

Total

 

Accumulated other comprehensive (loss) income at December 31, 2022

 

$

(14,056

)

 

$

5,923

 

 

$

(8,133

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

(82

)

 

 

5,658

 

 

 

5,576

 

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 

 

 

(5,299

)

 

 

(5,299

)

Effect of taxes

 

 

(2,409

)

 

 

(104

)

 

 

(2,513

)

Total current period other comprehensive (loss) income

 

 

(2,491

)

 

 

255

 

 

 

(2,236

)

Accumulated other comprehensive (loss) income at September 30, 2023

 

$

(16,547

)

 

$

6,178

 

 

$

(10,369

)

(1) The Company expects to reclassify $1.1 million of gains related to the Change in Fair Value of Interest Rate Hedge Agreements from accumulated other comprehensive (loss) income into earnings during the next 12 months.

Summary of Repurchases of Shares Repurchases for the three and nine months ended September 30, 2024 and 2023 are as follows:

 

Three Months Ended September 30,

 

 

2024

 

 

2023

 

 

Shares

 

Amount Paid

 

 

Shares

 

Amount Paid

 

Share Repurchase Program

 

 

$

 

 

 

 

$

 

Vesting of RSUs

 

2,383

 

 

377

 

 

 

91

 

 

12

 

 Total

 

2,383

 

$

377

 

 

 

91

 

$

12

 

 

 

Nine Months Ended September 30,

 

 

2024

 

 

2023

 

 

Shares

 

Amount Paid

 

 

Shares

 

Amount Paid

 

Share Repurchase Program

 

191,000

 

$

26,519

 

 

 

180,000

 

$

18,126

 

Vesting of RSUs and PSAs

 

48,414

 

 

7,047

 

 

 

45,467

 

 

4,743

 

 Total

 

239,414

 

$

33,566

 

 

 

225,467

 

$

22,869