Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2020

Statement of Comprehensive Income [Abstract]

Accumulated other comprehensive (loss) income

Charges and credits to other comprehensive (loss) income have been as follows:


	Interest rate cap agreements		Investment securities		Foreign currency translation adjustments		Accumulated other comprehensive (loss) income
Balance at December 31, 2017	$	(12,408)	$	5,662	$	19,981	$	13,235
Cumulative effect of change in accounting principle(1)	(2,706)		(5,662)		—		(8,368)
Unrealized losses	(181)		—		(45,944)		(46,125)
Related income tax	48		—		—		48
	(133)		—		(45,944)		(46,077)
Reclassification of income (loss) into net income	8,466		—		—		8,466
Related income tax	(2,180)		—		—		(2,180)
	6,286		—		—		6,286
Balance at December 31, 2018	$	(8,961)	$	—	$	(25,963)	$	(34,924)
Unrealized gains (losses)	1,566		—		(20,102)		(18,536)
Related income tax	(415)		—		—		(415)
	1,151		—		(20,102)		(18,951)
Reclassification of income into net income	8,591		—		—		8,591
Related income tax	(2,214)		—		—		(2,214)
	6,377		—		—		6,377
Balance at December 31, 2019	$	(1,433)	$	—	$	(46,065)	$	(47,498)
Unrealized losses	(21,781)		—		(7,080)		(28,861)
Related income tax	5,435		—		(543)		4,892
	(16,346)		—		(7,623)		(23,969)
Reclassification of income into net income	7,081		—		—		7,081
Related income tax	(1,768)		—		—		(1,768)
	5,313		—		—		5,313
Balance at December 31, 2020	$	(12,466)	$	—	$	(53,688)	$	(66,154)

(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 2017 Tax Act.

The reclassification of net cap realized losses into income are recorded as debt expense in the corresponding consolidated statements of income. See Note 13 for further details.