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Accumulated Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)

10.

Accumulated Other Comprehensive Income (Loss)

 

The following table sets forth changes in accumulated other comprehensive income (loss) by component for the years ended December 31, 2021, 2020 and 2019, including amounts attributable to noncontrolling interests in the Operating Partnership.

 

 

 

 

For the Year Ended December 31,

 

 

(Amounts in thousands)

 

2021

 

 

2020

 

 

2019

 

 

Amount of income (loss) related to the cash flow hedges

   recognized in other comprehensive income (loss)

 

$

6,069

 

(1)

$

-

 

 

$

(23,147

)

(2)

Amount reclassified from accumulated other comprehensive

   income (loss) increasing (decreasing) interest and debt expense

 

 

788

 

(1)

 

-

 

 

 

(4,922

)

(2)

Amount reclassified to loss on early extinguishment of debt (3)

 

 

-

 

 

 

-

 

 

 

11,258

 

 

Amount of income (loss) related to unconsolidated joint ventures

   recognized in other comprehensive income (loss) (4)

 

 

5,562

 

 

 

(16,141

)

 

 

206

 

 

Amounts reclassified from accumulated other comprehensive

   income (loss) increasing loss from unconsolidated joint ventures (4)

 

 

4,003

 

 

 

2,247

 

 

 

-

 

 

 

 

(1)

Represents amounts related to interest rate swaps with an aggregate notional value of $500,000 and interest rate caps with an aggregate notional value of $360,000, which were designated as cash flow hedges.

 

(2)

Represents amounts related to interest rate swaps with an aggregate notional amount of $1.0 billion and forward starting interest rate swaps with an aggregate notional amount of $400,000 that were designated as cash flow hedges. These hedges were terminated in November 2019 in connection with the refinancing of the related asset.

 

(3)

Represents costs incurred in connection with the settlement of interest rate swap liabilities upon the refinancing of 1633 Broadway in November 2019.

 

(4)

Primarily represents amounts related to interest rate swap with a notional value of $402,000, which was designated as cash flow hedge.