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Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2024

Other Comprehensive Income (Loss) [Abstract]

Other Comprehensive Income (Loss)

16.OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) includes changes in the fair value of interest rate swaps that qualify for hedge accounting. The components of other comprehensive income (loss) and related tax effects for the three and nine months ended September 30, 2024 and 2023 are as follows:

​

​	​	​	​	​	​	​	​	​	​
​		Three Months Ended September 30, 2024
​		Gross			Tax Effect			Net of Tax
Interest rate swap amounts reclassified into interest expense	​	$	(5,432)	​	$	1,440	​	$	(3,992)
Changes in fair value of interest rate swaps	​		(8,946)	​	​	2,370	​		(6,576)
Foreign currency translation adjustment	​		32,273	​		—	​		32,273
​	​	$	17,895	​	$	3,810	​	$	21,705

​

​	​	​	​	​	​	​	​	​	​
​		Three Months Ended September 30, 2023
​		Gross			Tax Effect			Net of Tax
Interest rate swap amounts reclassified into interest expense	​	$	(5,286)	​	$	1,401	​	$	(3,885)
Changes in fair value of interest rate swaps	​		7,788	​		(2,064)	​		5,724
Foreign currency translation adjustment	​		(50,020)	​		—	​		(50,020)
​	​	$	(47,518)	​	$	(663)	​	$	(48,181)

​

​	​	​	​	​	​	​	​	​	​
​		Nine Months Ended September 30, 2024
​		Gross			Tax Effect			Net of Tax
Interest rate swap amounts reclassified into interest expense	​	$	(16,237)	​	$	4,303	​	$	(11,934)
Changes in fair value of interest rate swaps	​		4,846	​		(1,284)	​		3,562
Foreign currency translation adjustment	​		(46,752)	​		—	​		(46,752)
​	​	$	(58,143)	​	$	3,019	​	$	(55,124)

​

​	​	​	​	​	​	​	​	​	​
​	​	Nine Months Ended September 30, 2023
​		Gross			Tax Effect			Net of Tax
Interest rate swap amounts reclassified into interest expense	​	$	(14,120)	​	$	3,742	​	$	(10,378)
Changes in fair value of interest rate swaps	​		20,979	​		(5,560)	​		15,419
Foreign currency translation adjustment	​		2,527	​		—	​		2,527
​	​	$	9,386	​	$	(1,818)	​	$	7,568

​

A rollforward of the amounts included in AOCIL, net of taxes, for the nine months ended September 30, 2024 and 2023, is as follows:

​

​	​	​	​	​	​	​	​	​	​
​		​	​		Foreign			Accumulated
​	​	​	​	​	Currency		​	Other
​	​	Interest		​	Translation		​	Comprehensive
​	​	Rate Swaps		​	Adjustment		​	Income (Loss)
Balance at December 31, 2023	​	$	16,749	​	$	(26,575)	​	$	(9,826)
Amounts reclassified into earnings	​	​	(11,934)	​	​	—	​	​	(11,934)
Changes in fair value	​	​	3,562	​	​	—	​	​	3,562
Foreign currency translation adjustment	​	​	—	​	​	(46,752)	​	​	(46,752)
Balance at September 30, 2024	​	$	8,377	​	$	(73,327)	​	$	(64,950)

​

​	​	​	​	​	​	​	​	​	​
​		​	​		Foreign			Accumulated
​	​	​	​	​	Currency		​	Other
​	​	Interest		​	Translation		​	Comprehensive
​	​	Rate Swaps		​	Adjustment		​	Income (Loss)
Balance at December 31, 2022	​	$	23,378	​	$	(80,208)	​	$	(56,830)
Amounts reclassified into earnings	​		(10,378)	​		—	​		(10,378)
Changes in fair value	​		15,419	​		—	​		15,419
Foreign currency translation adjustment	​		—	​		2,527	​		2,527
Balance at September 30, 2023	​	$	28,419	​	$	(77,681)	​	$	(49,262)

​

See Note 12 for further discussion on the Company’s derivative instruments.

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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- References

No definition available.

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