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Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss).  
Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Loss

Components of comprehensive income (loss) are net income (loss) and all changes in equity during a period except those resulting from transactions with owners. Our accumulated other comprehensive income (loss) consists of changes in the fair value of our interest rate swap derivative instruments, net of tax, which are designated as cash flow hedges.

The following table presents the changes in accumulated other comprehensive loss of our derivative cash flow hedges, net of tax:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(in thousands)

    

2021

    

2020

    

2021

    

2020

Beginning accumulated other comprehensive loss

$

(4,010)

$

(7,173)

$

(5,006)

$

(1,387)

Other comprehensive income (loss), net of tax:

Loss recognized in other comprehensive income (loss), net of tax benefit of $16, $155, $18 and $1,745, respectively

 

(63)

 

(583)

 

(71)

 

(6,566)

Loss reclassified from accumulated other comprehensive loss to interest expense, net of tax benefit of $273, $225, $540 and $277, respectively

 

1,029

 

848

 

2,033

 

1,045

Total other comprehensive income (loss)

 

966

 

265

 

1,962

 

(5,521)

Ending accumulated other comprehensive loss

$

(3,044)

$

(6,908)

$

(3,044)

$

(6,908)

See Note 17 (“Derivatives”) for further details on our interest rate swap derivative instruments.