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Stockholders' Equity
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Stockholders' Equity
12. Stockholders' Equity
Stock repurchase program
In November 2020, our Board of Directors reauthorized and expanded a stock repurchase program that authorizes us to purchase up to $250.0 million of our outstanding shares of common stock. The program does not have an expiration date. Under the stock repurchase program, we are authorized to repurchase shares from time to time in accordance with applicable laws both on the open market, including under trading plans established pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and in privately negotiated transactions. The timing and amount of repurchases depends on several factors, including market and business conditions, the trading price of our common stock and the nature of other investment opportunities. The repurchase program may be limited, suspended or discontinued at any time without prior notice. Under the 2020 Credit Facility, we have restrictions on our ability to repurchase shares of our common stock, which are summarized on page 40 below.
We account for purchases of treasury stock under the cost method. During the three and six months ended June 30, 2021, we purchased 405,047 and 870,868 shares for $30.0 million and $58.1 million, respectively. The remaining amount available to purchase stock under the stock repurchase program was $150.9 million as of June 30, 2021.
Changes in accumulated other comprehensive income (loss) by component
The changes in accumulated other comprehensive income (loss) by component, consisted of the following:
Three months ended
June 30,
Six months ended
June 30,
(dollars in thousands)
2021
2020
2021
2020
Accumulated other comprehensive income (loss), beginning of period$4,163 $(14,140)$(2,497)$(5,290)
By component:
Gains and losses on cash flow hedges:
Accumulated other comprehensive income (loss) balance, beginning of period$1,048 $(4,445)$(3,101)$(1,323)
Other comprehensive income (loss) before reclassifications, net of tax effects of $244, $71, $(856) and $1,225
(692)(200)2,438 (3,473)
Amounts reclassified from accumulated other comprehensive (loss) income to interest expense1,408 1,018 2,784 1,223 
Tax benefit included in provision for income taxes(371)(267)(728)(321)
Total amounts reclassified from accumulated other comprehensive (loss) income1,037 751 2,056 902 
Net current-period other comprehensive income (loss)345 551 4,494 (2,571)
Accumulated other comprehensive income (loss) balance, end of period$1,393 $(3,894)$1,393 $(3,894)
Foreign currency translation adjustment:
Accumulated other comprehensive income (loss) balance, beginning of period$3,115 $(9,695)$604 $(3,967)
Translation adjustments1,783 (887)4,294 (6,615)
Accumulated other comprehensive income (loss) balance, end of period4,898 (10,582)4,898 (10,582)
Accumulated other comprehensive income (loss), end of period$6,291 $(14,476)$6,291 $(14,476)