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Stockholders' Equity
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Stockholders' Equity
14. Stockholders' Equity
Preferred stock
Our Board of Directors may fix the relative rights and preferences of each series of preferred stock in a resolution of the Board of Directors.
Stock repurchase program
Under our 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 does not have an expiration date and 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 56 in this report.
We account for purchases of treasury stock under the cost method. During the year ended December 31, 2022, we did not purchase any shares. In December 2021, our Board of Directors reauthorized and replenished our stock repurchase program that authorizes us to purchase up to $250.0 million of our outstanding shares of common stock. The remaining amount available to purchase stock under the stock repurchase program was $250.0 million as of December 31, 2022.
Changes in accumulated other comprehensive loss by component
The changes in accumulated other comprehensive loss by component, consisted of the following:
Years ended December 31,
(in thousands)202220212020
Accumulated other comprehensive income (loss), beginning of period$6,522 $(2,497)$(5,290)
By component:
Gains and losses on cash flow hedges:
Accumulated other comprehensive income (loss) balance, beginning of period$5,257 $(3,101)$(1,323)
Other comprehensive (loss) income before reclassifications, net of tax effects of $(8,068), $(1,982) and $1,625
22,772 5,617 (4,602)
Amounts reclassified from accumulated other comprehensive income (loss)(5,685)3,714 3,827 
Tax expense (benefit) included in provision for income taxes1,489 (973)(1,003)
Total amounts reclassified from accumulated other comprehensive income (loss)(4,196)2,741 2,824 
Net current-period other comprehensive income (loss)18,576 8,358 (1,778)
Accumulated other comprehensive income (loss) balance, end of period$23,833 $5,257 $(3,101)
Foreign currency translation adjustment:
Accumulated other comprehensive income (loss) balance, beginning of period$1,265 $604 $(3,967)
Translation adjustment(16,160)661 4,571 
Accumulated other comprehensive (loss) income balance, end of period(14,895)1,265 604 
Accumulated other comprehensive income (loss), end of period$8,938 $6,522 $(2,497)