Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss), net of tax, for the three months ended September 30, 2022 and 2021 are as follows (in millions):

	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of June 30, 2022	$	1.7	$	(13.4)	$	(11.7)
Foreign currency translation adjustment	(2.5)		—		(2.5)
Amortization related to derivatives securities, before tax	—		0.8		0.8
Tax impact	—		(0.2)		(0.2)
Other comprehensive income (loss)	(2.5)		0.6		(1.9)
Balance, as of September 30, 2022	$	(0.8)	$	(12.8)	$	(13.6)

	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of June 30, 2021	$	5.6	$	(16.8)	$	(11.2)
Foreign currency translation adjustment	(0.9)		—		(0.9)
Amortization related to derivatives securities, before tax	—		0.8		0.8
Tax impact	—		(0.2)		(0.2)
Other comprehensive income (loss)	(0.9)		0.6		(0.3)
Balance, as of September 30, 2021	$	4.7	$	(16.2)	$	(11.5)

The components of accumulated other comprehensive income (loss), net of tax, for the nine months ended September 30, 2022 and 2021 are as follows (in millions):

	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of December 31, 2021	$	4.8	$	(15.6)	$	(10.8)
Foreign currency translation adjustment	(5.6)		—		(5.6)
Amortization related to derivatives securities, before tax(1)	—		3.8		3.8
Tax impact	—		(1.0)		(1.0)
Other comprehensive income (loss)	(5.6)		2.8		(2.8)
Balance, as of September 30, 2022	$	(0.8)	$	(12.8)	$	(13.6)

	Foreign currency translation adjustment		Valuation and amortization of derivative securities		Total
Balance, as of December 31, 2020	$	4.4	$	(18.0)	$	(13.6)
Foreign currency translation adjustment	0.3		—		0.3
Amortization related to derivatives securities, before tax	—		2.4		2.4
Tax impact	—		(0.6)		(0.6)
Other comprehensive income	0.3		1.8		2.1
Balance, as of September 30, 2021	$	4.7	$	(16.2)	$	(11.5)

(1)On January 18, 2022, the Company completed the full redemption of the $125 million aggregate principal amount outstanding of its 5.125% Senior Notes due August 1, 2031. As a result of this transaction, the Company recorded $1.3 million of amortization expense included in Amortization related to derivatives securities, before tax.