Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2021

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) Income:

The components and activity in Accumulated other comprehensive (loss) income (net of deferred income taxes) consisted of the following during the years ended December 31, 2021, 2020 and 2019 (in thousands):


	Foreign Currency Translation and Other		Net Investment Hedge		Cash Flow Hedge(a)		Interest Rate Swap(b)		Total
Balance at December 31, 2018	$	(407,805)	$	72,337	$	—	$	(15,214)	$	(350,682)
Other comprehensive (loss) income before reclassifications	(61,455)		8,441		4,847		—		(48,167)
Amounts reclassified from accumulated other comprehensive loss	56		—		—		2,591		2,647
Other comprehensive (loss) income, net of tax	(61,399)		8,441		4,847		2,591		(45,520)
Other comprehensive loss attributable to noncontrolling interests	467		—		—		—		467
Balance at December 31, 2019	$	(468,737)	$	80,778	$	4,847	$	(12,623)	$	(395,735)
Other comprehensive income (loss) income before reclassifications	99,809		(34,185)		1,602		—		67,226
Amounts reclassified from accumulated other comprehensive loss	23		—		—		2,601		2,624
Other comprehensive income (loss), net of tax	99,832		(34,185)		1,602		2,601		69,850
Other comprehensive income attributable to noncontrolling interests	(247)		—		—		—		(247)
Balance at December 31, 2020	$	(369,152)	$	46,593	$	6,449	$	(10,022)	$	(326,132)
Other comprehensive (loss) income before reclassifications	(74,478)		5,110		174		—		(69,194)
Amounts reclassified from accumulated other comprehensive loss	93		—		—		2,623		2,716
Other comprehensive (loss) income, net of tax	(74,385)		5,110		174		2,623		(66,478)
Amounts reclassified within accumulated other comprehensive income	51,703		(51,703)		—		—		—
Other comprehensive income attributable to noncontrolling interests	160		—		—		—		160
Balance at December 31, 2021	$	(391,674)	$	—	$	6,623	$	(7,399)	$	(392,450)

(a)We entered into a foreign currency forward contract in the fourth quarter of 2019, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 22, “Fair Value of Financial Instruments,” for additional information.

(b)The pre-tax portion of amounts reclassified from accumulated other comprehensive loss is included in interest expense.

The amount of income tax benefit (expense) allocated to each component of Other comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 is provided in the following tables (in thousands):


	Foreign Currency Translation and Other		Net Investment Hedge		Cash Flow Hedge		Interest Rate Swap
2021
Other comprehensive (loss) income, before tax	$	(76,544)	$	6,552	$	174	$	3,336
Income tax benefit (expense)	2,159		(1,442)		—		(713)
Other comprehensive (loss) income, net of tax	$	(74,385)	$	5,110	$	174	$	2,623

2020
Other comprehensive income (loss), before tax	$	99,710	$	(43,826)	$	1,602	$	3,336
Income tax benefit (expense)	122		9,641		—		(735)
Other comprehensive income (loss), net of tax	$	99,832	$	(34,185)	$	1,602	$	2,601

2019
Other comprehensive (loss) income, before tax	$	(61,397)	$	10,867	$	4,847	$	3,336
Income tax expense	(2)		(2,426)		—		(745)
Other comprehensive (loss) income, net of tax	$	(61,399)	$	8,441	$	4,847	$	2,591