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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Components of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss as of March 31, 2025 and 2024 included the following:

 

 

Three Months Ended March 31, 2025

 

 

 

Foreign
Currency
Translation
Adjustments

 

 

Change in
Fair Value of
Interest Rate
Hedge
Agreements

 

 

Total

 

Accumulated other comprehensive (loss) income at December 31, 2024

 

$

(16,383

)

 

$

637

 

 

$

(15,746

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

3,273

 

 

 

(1,854

)

 

 

1,419

 

Amounts reclassified from accumulated other comprehensive (loss) income (1) (2)

 

 

(4,094

)

 

 

(691

)

 

 

(4,785

)

Effect of taxes

 

 

 

 

 

653

 

 

 

653

 

Total current period other comprehensive (loss) income

 

 

(821

)

 

 

(1,892

)

 

 

(2,713

)

Accumulated other comprehensive (loss) income at March 31, 2025

 

$

(17,204

)

 

$

(1,255

)

 

$

(18,459

)

 

(1) The Company reclassified $4.1 million of effect of taxes related to Foreign Currency Translation Adjustments from accumulated other comprehensive (loss) income into earnings in connection with IRC 987. See “Note 8 – Income Taxes”.

(2) The Company expects to reclassify approximately $0.1 million of unrealized losses 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.

 

 

 

Three Months Ended March 31, 2024

 

 

 

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, 2023

 

$

(12,695

)

 

$

810

 

 

$

(11,885

)

Current period other comprehensive (loss) income:

 

 

 

 

 

 

 

 

 

Other comprehensive (loss) income before reclassifications

 

 

(1,534

)

 

 

4,589

 

 

 

3,055

 

Amounts reclassified from accumulated other comprehensive (loss) income

 

 

 

 

 

(1,671

)

 

 

(1,671

)

Effect of taxes

 

 

112

 

 

 

(812

)

 

 

(700

)

Total current period other comprehensive (loss) income

 

 

(1,422

)

 

 

2,106

 

 

 

684

 

Accumulated other comprehensive (loss) income at March 31, 2024

 

$

(14,117

)

 

$

2,916

 

 

$

(11,201

)

 

Summary of Repurchases of Shares Repurchases for the three months ended March 31, 2025 and 2024 are as follows:

 

Three Months Ended March 31,

 

 

2025

 

 

2024

 

 

Shares

 

Amount Paid

 

 

Shares

 

Amount Paid

 

Share Repurchase Program

 

313,048

 

$

35,052

 

 

 

172,817

 

$

23,831

 

Vesting of RSUs and PSAs

 

42,810

 

 

4,296

 

 

 

45,881

 

 

6,649

 

 Total

 

355,858

 

$

39,348

 

 

 

218,698

 

$

30,480