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Accumulated other comprehensive (loss) income
9 Months Ended
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]  
Comprehensive income
Accumulated other comprehensive (loss) income
 
For the three months ended September 30, 2019
 
For the nine months ended September 30, 2019
 
Interest
rate cap
agreements
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
loss
 
Interest
rate cap
agreements
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
loss
Beginning balance
$
(6,360
)
 
$
(27,251
)
 
$
(33,611
)
 
$
(8,961
)
 
$
(25,963
)
 
$
(34,924
)
Unrealized losses
(1,420
)
 
(44,502
)
 
(45,922
)
 
(2,244
)
 
(45,790
)
 
(48,034
)
Related income tax
360

 

 
360

 
572

 

 
572

 
(1,060
)
 
(44,502
)
 
(45,562
)
 
(1,672
)
 
(45,790
)
 
(47,462
)
Reclassification into net income
2,101

 

 
2,101

 
6,428

 

 
6,428

Related income tax
(532
)
 

 
(532
)
 
(1,646
)
 

 
(1,646
)
 
1,569

 

 
1,569

 
4,782

 

 
4,782

Ending balance
$
(5,851
)
 
$
(71,753
)
 
$
(77,604
)
 
$
(5,851
)
 
$
(71,753
)
 
$
(77,604
)
 
For the three months ended September 30, 2018
 
For the nine months ended September 30, 2018
 
Interest
rate cap
agreements
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
loss
 
Interest
rate cap
agreements
 
Investment
securities
 
Foreign
currency
translation
adjustments
 
Accumulated
other
comprehensive
(loss) income
Beginning balance
$
(11,258
)
 
$
(10,667
)
 
$
(21,925
)
 
$
(12,408
)
 
$
5,662

 
$
19,981

 
$
13,235

Cumulative effect of change
in accounting principle
(1)

 

 

 
(2,706
)
 
(5,662
)
 

 
(8,368
)
Unrealized gains (losses)
50

 
(8,827
)
 
(8,777
)
 
1,103

 

 
(39,475
)
 
(38,372
)
Related income tax
(13
)
 

 
(13
)
 
(284
)
 

 

 
(284
)
 
37

 
(8,827
)
 
(8,790
)
 
819

 

 
(39,475
)
 
(38,656
)
Reclassification into net income
2,163

 

 
2,163

 
6,303

 

 

 
6,303

Related income tax
(557
)
 

 
(557
)
 
(1,623
)
 

 

 
(1,623
)
 
1,606

 

 
1,606

 
4,680

 

 

 
4,680

Ending balance
$
(9,615
)
 
$
(19,494
)
 
$
(29,109
)
 
$
(9,615
)
 
$

 
$
(19,494
)
 
$
(29,109
)
 
(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. Subsequent to January 1, 2018, unrealized gains and losses on investment securities are recorded directly to other income rather than to accumulated other comprehensive income.