Equity (Tables)

6 Months Ended

Jun. 30, 2024

Components and Activity in Accumulated Other Comprehensive (Loss) Income Net of Deferred Income Taxes

The components and activity in Accumulated other comprehensive loss (net of deferred income taxes) consisted of the following during the periods indicated below (in thousands):


	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023
	Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total		Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total
Balance, beginning of period	$	(586,620)	$	(10,585)	$	(597,205)	$	(516,662)	$	3,325	$	(513,337)
Other comprehensive (loss) income before reclassifications	(46,767)		4,060		(42,707)		(5,652)		1,026		(4,626)
Amounts reclassified from accumulated other comprehensive loss	16		2,557		2,573		17		—		17
Other comprehensive (loss) income, net of tax	(46,751)		6,617		(40,134)		(5,635)		1,026		(4,609)
Other comprehensive income attributable to noncontrolling interests	(212)		—		(212)		—		—		—
Balance, end of period	$	(633,583)	$	(3,968)	$	(637,551)	$	(522,297)	$	4,351	$	(517,946)

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
	Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total		Foreign Currency Translation and Other		Cash Flow Hedge(a)		Total
Balance, beginning of period	$	(536,601)	$	8,075	$	(528,526)	$	(562,886)	$	2,224	$	(560,662)
Other comprehensive (loss) income before reclassifications	(97,004)		(17,282)		(114,286)		40,548		2,127		42,675
Amounts reclassified from accumulated other comprehensive loss	33		5,239		5,272		33		—		33
Other comprehensive (loss) income, net of tax	(96,971)		(12,043)		(109,014)		40,581		2,127		42,708

Other comprehensive (income) loss attributable to noncontrolling interests	(11)		—		(11)		8		—		8
Balance, end of period	$	(633,583)	$	(3,968)	$	(637,551)	$	(522,297)	$	4,351	$	(517,946)

(a)We previously entered into a foreign currency forward contract, which was designated and accounted for as a cash flow hedge under ASC 815, Derivatives and Hedging. See Note 14, “Fair Value of Financial Instruments,” for additional information.

Amount of Income Tax (Expense) Benefit Allocated to Component Of Other Comprehensive Income (Loss)

The amount of income tax (expense) benefit allocated to each component of Other comprehensive (loss) income for the three-month and six-month periods ended June 30, 2024 and 2023 is provided in the following tables (in thousands):


	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive (loss) income, before tax	$	(46,747)	$	9,453	$	(37,294)	$	(5,631)	$	1,026	$	(4,605)
Income tax expense	(4)		(2,836)		(2,840)		(4)		—		(4)
Other comprehensive (loss) income, net of tax	$	(46,751)	$	6,617	$	(40,134)	$	(5,635)	$	1,026	$	(4,609)

	Six Months Ended June 30, 2024		Six Months Ended June 30, 2023
	Foreign Currency Translation and Other		Cash Flow Hedge		Total		Foreign Currency Translation and Other		Cash Flow Hedge		Total
Other comprehensive (loss) income, before tax	$	(96,964)	$	(17,204)	$	(114,168)	$	40,347	$	2,127	$	42,474
Income tax (expense) benefit	(7)		5,161		5,154		234		—		234
Other comprehensive (loss) income, net of tax	$	(96,971)	$	(12,043)	$	(109,014)	$	40,581	$	2,127	$	42,708