XML 61 R48.htm IDEA: XBRL DOCUMENT v3.22.0.1
Foreign Currency Translation (Tables)
12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Summary of Impact of Translating Financial Statements of Company's International Subsidiaries

Below is a summary of the impact of translating the financial statements of the Company’s international subsidiaries, whose functional currency is other than the US dollar, for the periods presented.

 

 

 

 

 

 

 

 

 

Other Comprehensive

 

 

 

 

 

 

 

 

 

 

Income (Loss)

 

 

 

Exchange Rate as of December 31,

 

 

Year Ended December 31,

 

Country

 

2019

 

2020

 

2021

 

 

2019

 

 

2020

 

 

2021

 

Brazil

 

 

4.02

 

 

5.20

 

 

5.57

 

 

$

(8,140

)

 

$

(42,698

)

 

$

(4,696

)

Colombia

 

 

3,277.14

 

 

3,432.50

 

 

3,981.16

 

 

 

(362

)

 

 

(2,183

)

 

 

(140

)

Chile

 

 

736.86

 

 

714.14

 

 

852.02

 

 

 

(5,158

)

 

 

1,228

 

 

 

(10,890

)

Peru

 

 

3.37

 

 

3.65

 

 

4.02

 

 

 

257

 

 

 

(3,403

)

 

 

(2,785

)

All other

 

 

 

 

 

 

 

 

 

650

 

 

 

(536

)

 

 

(326

)

 

 

 

 

 

 

 

 

 

$

(12,753

)

 

$

(47,592

)

 

$

(18,837

)

As noted above, beginning July 1, 2018, Argentina was deemed highly inflationary. The impact of translating Argentina financial results to U.S. dollars, subsequent to June 30, 2018, has been recorded in foreign currency exchange gain (loss) on the Company’s consolidated statements of income (loss). A gain of $1,243 and $195 were recorded for the years ended December 31, 2020 and 2021, respectively.