Note 6 - Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

6.   Accumulated Other Comprehensive Loss

The following presents a tabular disclosure of changes in AOCL during the three and six months ended June 30, 2022 and 2021, net of tax:

	Foreign Currency Translation Adjustments				Unrealized Gain (Loss) on Cash Flow Hedges			Total
Beginning Balance – April 1, 2022	$	(63,079	)		$	16,677		$	(46,402	)
Other comprehensive income (loss) before reclassifications		(43,566	)	(1)		7,129	(2)		(36,437	)
Amounts reclassified from AOCL		-				-			-
Net current-period other comprehensive income (loss)		(43,566	)			7,129			(36,437	)
Ending Balance – June 30, 2022	$	(106,645	)		$	23,806		$	(82,839	)

	Foreign Currency Translation Adjustments			Unrealized Gain (Loss) on Cash Flow Hedges				Total
Beginning Balance – April 1, 2021	$	(23,914	)	$	(7,585	)		$	(31,499	)
Other comprehensive income (loss) before reclassifications		(3,332	)		(2,752	)	(3)		(6,084	)
Amounts reclassified from AOCL		-			-				-
Net current-period other comprehensive income (loss)		(3,332	)		(2,752	)			(6,084	)
Ending Balance – June 30, 2021	$	(27,246	)	$	(10,337	)		$	(37,583	)

	Foreign Currency Translation Adjustments				Unrealized Gain (Loss) on Cash Flow Hedges				Total
Beginning Balance – January 1, 2022	$	(52,704	)		$	(2,051	)		$	(54,755	)
Other comprehensive income (loss) before reclassifications		(53,941	)	(4)		25,857		(5)		(28,084	)
Amounts reclassified from AOCL		-				-				-
Net current-period other comprehensive income (loss)		(53,941	)			25,857				(28,084	)
Ending Balance – June 30, 2022	$	(106,645	)		$	23,806			$	(82,839	)

	Foreign Currency Translation Adjustments				Unrealized Gain (Loss) on Cash Flow Hedges				Total
Beginning Balance – January 1, 2021	$	(11,674	)		$	(22,580	)		$	(34,254	)
Other comprehensive income (loss) before reclassifications		(15,572	)	(6)		12,243		(7)		(3,329	)
Amounts reclassified from AOCL		-				-				-
Net current-period other comprehensive income (loss)		(15,572	)			12,243				(3,329	)
Ending Balance – June 30, 2021	$	(27,246	)		$	(10,337	)		$	(37,583	)

(1)	Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three months ended June 30, 2022, particularly the Euro and British Pound.
(2)	Represents unrealized gains of $9,537 on the interest rate swaps, net of tax effect of $(2,408) for the three months ended June 30, 2022.

(3)	Represents unrealized losses of $(3,682) on the interest rate swaps, net of tax effect of $930 for the three months ended June 30, 2021.
(4)	Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six months ended June 30, 2022, particularly the Euro and British Pound.
(5)	Represents unrealized gains of $34,591 on the interest rate swaps, net of tax effect of $(8,734) for the six months ended June 30, 2022.
(6)	Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six months ended June 30, 2021 particularly the Euro and British Pound.
(7)	Represents unrealized gains of $16,379 on the interest rate swaps, net of tax effect of $(4,136) for the six months ended June 30, 2021.