Accumulated Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2024

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Note 17. Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes all changes in equity during the period, except those resulting from transactions with our shareholders. Comprehensive income (loss) is comprised of net earnings and other comprehensive income (loss). Accumulated other comprehensive income (loss) reported on our Consolidated Balance Sheets consists of foreign currency translation adjustments and other items and the unrealized gains and losses, net of applicable taxes, on derivative instruments that have been designated and qualify as cash flow hedges.

Changes in accumulated other comprehensive income (loss), net of tax by component is as follows for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31,
(Thousands)	2024		2023		2022
Unrealized gain (loss) on derivative instruments:
Balance at beginning of period	$	3,362	$	(6,355)	$	11,759
Other comprehensive income (loss) before reclassifications		32,238		6,570		(10,978)
Amounts reclassified from accumulated comprehensive income		(15,780)		6,377		(13,094)
Tax effect		(957)		(3,230)		5,958
Net accumulated other comprehensive income		18,863		3,362		(6,355)
Less: Other comprehensive income attributable to non-controlling interests		—		—		—
Balance at end of period		18,863		3,362		(6,355)
Foreign currency translation adjustment
Balance at beginning of period		456		252		259
Other comprehensive income (loss) before reclassifications		265		204		(7)
Amounts reclassified from accumulated comprehensive income		—		—		—
Tax effect		—		—		—
Net accumulated other comprehensive income		721		456		252
Less: Other comprehensive income attributable to non-controlling interests		—		—		—
Balance at end of period		721		456		252
Accumulated other comprehensive income (loss) at end of period	$	19,584	$	3,818	$	(6,103)