Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income

Note 9 — Accumulated Other Comprehensive Income

Accumulated other comprehensive income is a separate line within the unaudited condensed consolidated statements of equity that reports our cumulative income (loss) that has not been reported as part of net income (loss). The components of accumulated other comprehensive income at March 31, 2022 and December 31, 2021 were as follows:

	March 31, 2022
	Gross Balance			Tax Effect			Net Balance
Foreign currency translation	$	(0.3	)	$	-		$	(0.3	)
Unrealized gain (loss) on interest rate swaps		4.9			(0.9	)		4.0
Unrealized gain (loss) on cross-currency swap		0.9			(0.2	)		0.7
Realized gain (loss) on cross-currency swap		2.1			(0.5	)		1.6
Total	$	7.6		$	(1.6	)	$	6.0

	December 31, 2021
	Gross Balance			Tax Effect			Net Balance
Foreign currency translation	$	2.5		$	-		$	2.5
Unrealized gain (loss) on interest rate swaps		(3.2	)		1.0			(2.2	)
Unrealized gain (loss) on cross-currency swap		2.9			(0.6	)		2.3
Total	$	2.2		$	0.4		$	2.6

The following table presents the changes in accumulated other comprehensive income by component:

	Three Months Ended March 31, 2022
	Foreign currency translation			Unrealized gain (loss) on interest rate swaps			Unrealized gain (loss) on cross-currency swap			Realized gain (loss) on cross-currency swap		Total
Beginning balance	$	2.5		$	(2.2	)	$	2.3		$	-	$	2.6
Other comprehensive income (loss) before reclassifications		(2.8	)		9.1			(1.7	)		1.6		6.2
Amounts reclassified from accumulated other comprehensive income (loss)		-			(2.9	)		0.1			-		(2.8	)
Ending balance	$	(0.3	)	$	4.0		$	0.7		$	1.6	$	6.0