XML 34 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Accumulated other comprehensive (loss) income
3 Months Ended
Mar. 31, 2019
Statement of Comprehensive Income [Abstract]  
Comprehensive income Accumulated other comprehensive (loss) income 
 
For the three months ended March 31, 2019
 
For the three months ended March 31, 2018
 
Interest
rate cap
agreements
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
(loss) income
 
Interest
rate cap
agreements
 
Investment
securities
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
(loss) income
Beginning balance
$
(8,961
)
 
$
(25,963
)
 
$
(34,924
)
 
$
(12,408
)
 
$
5,662

 
$
19,981

 
$
13,235

Cumulative effect of change in
accounting principle
(1)

 

 

 
(2,706
)
 
(5,662
)
 

 
(8,368
)
Unrealized (losses) gains
(781
)
 
(13,653
)
 
(14,434
)
 
1,414

 

 
19,881

 
21,295

Related income tax benefit
201

 

 
201

 
(364
)
 

 

 
(364
)
 
(580
)
 
(13,653
)
 
(14,233
)
 
1,050

 

 
19,881

 
20,931

Reclassification into net income
2,163

 

 
2,163

 
2,070

 

 

 
2,070

Related income
(557
)
 

 
(557
)
 
(533
)
 

 

 
(533
)
 
1,606

 

 
1,606

 
1,537

 

 

 
1,537

Ending balance
$
(7,935
)
 
$
(39,616
)
 
$
(47,551
)
 
$
(12,527
)
 
$

 
$
39,862

 
$
27,335

 
(1)
Reflects the cumulative effect of a change in accounting principle for ASUs 2016-01 and 2018-03 on classification and measurement of financial instruments and ASU 2018-02 on remeasurement and reclassification of deferred tax effects in accumulated other comprehensive income associated with the Tax Cuts and Jobs Act of 2017.
Net cap realized losses reclassified into income are recorded as debt expense in the corresponding consolidated statements of income. See Note 9 to these condensed consolidated financial statements for further details.
Prior to January 1, 2018, unrealized gains and losses on available-for-sale equity securities were recorded to accumulated other comprehensive income and reclassified to other income when realized. From January 1, 2018, unrealized gains and losses on investment securities are recorded directly to other income rather than to accumulated other comprehensive income.