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Accumulated OCI
6 Months Ended
Jun. 30, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]  
Accumulated OCI

13. Accumulated OCI

 

The following tables summarize the changes in accumulated OCI, net of tax, for the six months ended June 30, 2021 and 2020:

 

(In thousands)

 

Net Change in Fair Value of Interest Rate Swaps

 

Accumulated OCI, net of tax, as of January 1, 2021

 

$

(17,389

)

Other comprehensive income (loss) before reclassifications, net of tax of $278

 

 

811

 

Amounts reclassified from accumulated OCI, net of tax of $1,171

 

 

3,416

 

Accumulated OCI, net of tax, as of June 30, 2021

 

$

(13,162

)

 

 

 

 

 

(In thousands)

 

Net Change in Fair Value of Interest Rate Swaps

 

Accumulated OCI, net of tax, as of January 1, 2020

 

$

(12,091

)

Other comprehensive income (loss) before reclassifications, net of tax of $8,370

 

 

(24,402

)

Amounts reclassified from accumulated OCI, net of tax of $1,175

 

 

3,428

 

Accumulated OCI, net of tax, as of June 30, 2020

 

$

(33,065

)

 

The following table presents details about reclassifications out of accumulated OCI for the six months ended June 30, 2021 and 2020:

 

 

 

Six Months Ended

 

 

 

(In thousands)

 

June 30, 2021

 

 

June, 2020

 

 

Statement of Operations

Classification

Interest rate swaps

 

$

4,587

 

 

$

4,603

 

 

Interest expense

 

 

 

(1,171

)

 

 

(1,175

)

 

Income tax expense

Total amounts reclassified from accumulated OCI

 

$

3,416

 

 

$

3,428

 

 

Net of tax

 

See Note 11 for a further discussion of our interest rate swaps.