Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2021

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

The following tables present the components of accumulated other comprehensive income (“AOCI”).

	Foreign Currency Translation		Interest rate swap		Income taxes (1)		Total
Balance at December 31, 2020	$	(30,881)	$	(3,712)	$	861	$	(33,732)
Other comprehensive income (loss) before reclassifications	(3,347)		—		—		(3,347)
Amounts reclassified from AOCI to loss on interest rate swap (3)	—		3,712		(861)		2,851
Net other comprehensive income (loss)	(3,347)		3,712		(861)		(496)
Balance at March 31, 2021	$	(34,228)	$	—	$	—	$	(34,228)
Balance at December 31, 2019	$	(35,159)	$	(12,234)	$	2,839	$	(44,554)
Other comprehensive income (loss) before reclassifications	(14,342)		(14,599)		3,390		(25,551)
Amounts reclassified from AOCI to interest expense (2)	—		1,370		(318)		1,052
Net other comprehensive income (loss)	(14,342)		(13,229)		3,072		(24,499)
Balance at March 31, 2020	$	(49,501)	$	(25,463)	$	5,911	$	(69,053)

_______________________

(1) Income tax effect of changes in interest rate swap.

(2) Represents settlements on the interest rate swap while the hedge was effective.

(3) Represents reclassification of derivative loss and settlements after discontinuation of hedge accounting.