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Accumulated Other Comprehensive Loss
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Loss
Comprehensive income is the sum of net income as reported and other comprehensive income (loss). The Company's accumulated other comprehensive loss was comprised of gains (losses) on derivative instruments qualifying as hedges.
There were no changes in the components of accumulated other comprehensive loss for the three and nine months ended September 30, 2024 and the three months ended September 30, 2023. Therefore, the after-tax changes in the components of accumulated other comprehensive loss through the nine months ended September 30, 2023 were as follows:
Net Unrealized Loss on Derivative Instruments Qualifying as HedgesTotal Accumulated Other Comprehensive Loss
(In thousands)
As of December 31, 2022
$(35)$(35)
Amounts reclassified from accumulated other comprehensive loss
(11)(11)
Net current-period other comprehensive loss
(11)(11)
As of March 31, 2023
(46)(46)
Amounts reclassified from accumulated other comprehensive loss
46 46 
Net current-period other comprehensive income
46 46 
As of June 30, 2023
— — 
Amounts reclassified from accumulated other comprehensive loss
— — 
Net current-period other comprehensive income
— — 
As of September 30, 2023
$— $— 
There were no amounts reclassified out of accumulated other comprehensive loss into net income for the three and nine months ended September 30, 2024 and the three months ended September 30, 2023. Therefore, the following amounts were reclassified out of accumulated other comprehensive loss into net income for the nine months ended September 30, 2023:
Nine months ended September 30, 2023
Location on Unaudited Condensed Consolidated Statement of Income
(In thousands)
Reclassification adjustment for loss on derivative instruments included in net income
$36 Interest expense
Reclassification tax benefit for loss on derivative instruments included in net income
(1)Income taxes
Total reclassifications
$35