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Note 6 - Accumulated Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

6.   Accumulated Other Comprehensive Loss

 

The following table presents a disclosure of changes in AOCL during the three and nine months ended September 30, 2023 and 2022, net of tax:

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – July 1, 2023

 $(53,923)  $37,707   $(16,216)

Other comprehensive income (loss)

  (26,443)

(1)

  1,045 

(2)

  (25,398)

Ending Balance – September 30, 2023

 $(80,366)  $38,752   $(41,614)

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – July 1, 2022

 $(106,645)  $23,806   $(82,839)

Other comprehensive income (loss)

  (51,324)

(3)

  13,757 

(4)

  (37,567)

Ending Balance – September 30, 2022

 $(157,969)  $37,563   $(120,406)

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – January 1, 2023

 $(101,545)  $36,443   $(65,102)

Other comprehensive income (loss)

  21,179 

(5)

  2,309 

(6)

  23,488 

Ending Balance – September 30, 2023

 $(80,366)  $38,752   $(41,614)

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – January 1, 2022

 $(52,704)  $(2,051)  $(54,755)

Other comprehensive income (loss)

  (105,265)

(3)

  39,614 

(7)

  (65,651)

Ending Balance – September 30, 2022

 $(157,969)  $37,563   $(120,406)

 

 (1)Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three months ended September 30, 2023, particularly the Euro, British Pound, and Mexican Peso.
 

(2)

Represents unrealized gains of $1,394 on the interest rate swaps, net of tax effect of $(349) for the three months ended September 30, 2023. 

 (3)Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three and nine months ended September 30, 2022, particularly the Euro and British Pound.
 (4)Represents unrealized gains of $18,404 on the interest rate swaps, net of tax effect of $(4,647) for the three months ended September 30, 2022.
 (5)Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the nine months ended September 30, 2023, particularly the Euro, British Pound, and Mexican Peso.
 (6)Represents unrealized gains of $3,081 on the interest rate swaps, net of tax effect of $(772) for the nine months ended September 30, 2023.
 (7)Represents unrealized gains of $52,995 on the interest rate swaps, net of tax effect of $(13,381) for the nine months ended September 30, 2022.