(7) Accumulated Other Comprehensive Loss, net

Accumulated other comprehensive loss, net, is a separate component of the Shareholders’ equity in the accompanying Consolidated Balance Sheets. The following tables present the changes in the balances of each component of Accumulated other comprehensive loss, net, for the three and nine months ended September 30, 2018:



	Foreign Currency Translation Adjustments			Unrealized Gains on Interest Rate Swap and Foreign Currency Forward Contracts			Total
	(In thousands)
Total accumulated other comprehensive (loss) income, net as of June 30, 2018	$	(47,554)	(1)	$	10,170	(2)	$	(37,384)

Other comprehensive (loss) income before reclassification		(1,144)	(3)		4,587	(4)		3,443
Amounts reclassified from accumulated other comprehensive loss, net		—			605	(4)		605
Net current period other comprehensive (loss) income		(1,144)			5,192			4,048
Total accumulated other comprehensive (loss) income, net as of September 30, 2018	$	(48,698)	(1)	$	15,362	(2)	$	(33,336)

⁽¹⁾

Net of deferred income tax (benefit) of $(5,254) and $(5,090) as of September 30, 2018 and June 30, 2018, respectively.

⁽²⁾

Net of deferred income tax expense of $23,663 and $22,293 as of September 30, 2018 and June 30, 2018, respectively.

⁽³⁾

Net of deferred income tax benefit of $(164).

⁽⁴⁾

Net of deferred income tax expense of $1,210 and $160 for Other comprehensive income before reclassification and Amounts reclassified from accumulated other comprehensive loss, net, respectively, as of September 30, 2018. For additional information, see Note 13. Derivative Financial Instruments.


	Foreign Currency Translation Adjustments			Unrealized (Losses) Gains on Interest Rate Swap and Foreign Currency Forward Contracts			Total
	(In thousands)
Total accumulated other comprehensive loss, net as of December 31, 2017	$	(24,374)	(1)	$	(9,221)	(2)	$	(33,595)
Other comprehensive (loss) income before reclassification		(24,324)	(3)		20,106	(4)		(4,218)
Amounts reclassified from accumulated other comprehensive loss, net		—			4,477	(4)		4,477
Net current period other comprehensive (loss) income		(24,324)			24,583			259
Total accumulated other comprehensive (loss) income, net as of September 30, 2018	$	(48,698)	(1)	$	15,362	(2)	$	(33,336)

⁽¹⁾

Net of deferred income tax (benefit) of $(5,254) and $(5,339) as of September 30, 2018 and December 31, 2017, respectively.

⁽²⁾

Net of deferred income tax expense of $23,663 and $16,317 as of September 30, 2018 and December 31, 2017, respectively.

⁽³⁾

Net of deferred income tax expense of $85.

⁽⁴⁾

Net of deferred income tax expense of $6,008 and $1,338 for Other comprehensive income before reclassification and Amounts reclassified from accumulated other comprehensive loss, net, respectively, as of September 30, 2018. For additional information, see Note 13. Derivative Financial Instruments.

The Company records unrealized gains and losses related to its interest rate swap and foreign currency forward contracts net of estimated taxes in the Accumulated other comprehensive loss, net line in the accompanying Consolidated Balance Sheets since it is more likely than not that the Company will be able to realize the benefits associated with its net deferred tax asset positions in the future. The amounts reclassified from Accumulated other comprehensive loss, net are recognized in the Cost of ATM operating revenues line in the accompanying Consolidated Statements of Operations.

The Company has elected the portfolio approach for the deferred tax asset of the unrealized gains and losses related to the interest rate swap and foreign currency forward contracts in the Accumulated other comprehensive loss, net line in the accompanying Consolidated Balance Sheets. Under the portfolio approach, the disproportionate tax effect created when the valuation allowance was appropriately released as a tax benefit into continuing operations in 2010, will reverse out of the Accumulated other comprehensive loss, net line in the accompanying Consolidated Balance Sheets and into continuing operations as a tax expense when the Company ceases to hold any interest rate swap contracts. As of September 30, 2018, the disproportionate tax effect is $14.6 million.

The Company currently believes that the unremitted earnings of its foreign subsidiaries under its former U.S. parent company will be reinvested for an indefinite period of time. Accordingly, no deferred taxes have been provided for the differences between the Company’s book basis and underlying tax basis in these subsidiaries or on the foreign currency translation adjustment amounts.