XML 28 R13.htm IDEA: XBRL DOCUMENT v3.22.4
OTHER COMPREHENSIVE (LOSS) INCOME
12 Months Ended
Dec. 31, 2022
OTHER COMPREHENSIVE (LOSS) INCOME
5. OTHER COMPREHENSIVE (LOSS) INCOME
Other comprehensive
(loss)
income consists of the foreign currency translation adjustment associated with our Canadian operations’ use
of
the Canadian dollar as their functional currency and changes in the unrealized gains on cash flow hedging instruments.
The tax effects allocated to each component of other comprehensive
(loss)
income were as follows:

Years Ended December 31,
  
2022
 
  
2021
 
  
2020
 
Foreign currency translation adjustment
  
$
(20,305
)
   $ 936      $ 6,272  
Unrealized gain on cash flow hedging instruments
  
 
 
     97        1,205  
Income tax expense
  
 
 
     (27      (325
Unrealized gain on cash flow hedging instruments, net of tax
  
 
 
     70        880  
Reclassification of loss (gain) on cash flow hedging instruments into earnings
  
 
 
     305        (574
Income tax (benefit) expense
  
 
 
     (86      156  
Reclassification of loss (gain) on cash flow hedging instruments into earnings, net of tax
  
 
 
     219        (418
    
 
 
 
  
 
 
    
 
 
 
Other comprehensive
(loss)
income
  
$
(20,305
)
 
   $ 1,225      $ 6,734  
    
 
 
 
  
 
 
    
 
 
 
The changes in each component of accumulated other comprehensive loss, net of tax, were as follows:

Years Ended December 31,
  
2022
 
  
2021
 
  
2020
 
Foreign currency translation adjustment:
                          
Beginning balance
  
$
(34,176
)
   $ (34,694 )    $ (38,599 )
Current period other comprehensive
(loss)
 
income
  
 
(13,534
)
     518        3,905  
    
 
 
 
  
 
 
    
 
 
 
Ending balance
  
 
(47,710
)
 
     (34,176      (34,694
    
 
 
 
  
 
 
    
 
 
 
Cash flow hedging instruments:
      
 
                 
Beginning balance
  
 
 
     (173      (451
Current period other comprehensive income 
  
 
 
     43        528  
Reclassification adjustment
  
 
 
     130        (250
Ending balance
  
 
 
            (173
    
 
 
 
  
 
 
    
 
 
 
Accumulated other comprehensive loss, net of tax
  
$
(47,710
)
 
   $ (34,176    $ (34,867