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Note 6 - Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

6.

Accumulated Other Comprehensive Loss

 

The following presents a tabular disclosure of changes in AOCL during the years ended December 31, 2023 and 2022, net of tax:

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – January 1, 2023

 $(101,545)  $36,443   $(65,102)

Current-period comprehensive income (loss)

  57,963 

(1)

  (8,004)

(2)

  49,959 

Ending Balance – December 31, 2023

 $(43,582)  $28,439   $(15,143)

 

  

Foreign Currency Translation Adjustments

   

Unrealized Gain (Loss) on Cash Flow Hedges

   

Total

 

Beginning Balance – January 1, 2022

 $(52,704)  $(2,051)  $(54,755)

Current-period comprehensive income (loss)

  (48,841)

(3)

  38,494 

(4)

  (10,347)

Ending Balance – December 31, 2022

 $(101,545)  $36,443   $(65,102)

 

 (1)Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the year ended December 31, 2023, particularly the Euro, British Pound, and Mexican Peso.
 

(2)

Represents unrealized losses of $10,678 on the interest rate swaps, net of tax effect of $(2,674) for the year ended December 31, 2023.
 (3)Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the year ended December 31, 2022, particularly the Euro and British Pound. 
 

(4)

Represents unrealized gains of $51,352 on the interest rate swaps, net of tax effect of $(12,858) for the year ended December 31, 2022.