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Stockholders' Equity
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 14. Stockholders' Equity
On August 6, 2021, the Company closed an offering and issued 4,181,818 ordinary shares, par value £1.00 per share, at an offering price of $82.50 per share. Net proceeds from the offering were approximately $322.6 million, after deducting underwriting discounts, commissions and offering expenses. Proceeds from the offering were used to repay the Company’s $450 million 2020 senior secured term loan.
Accumulated other comprehensive income (loss)
The table below presents the change in each component of AOCI, net of tax and the reclassifications out of AOCI into net income for the years ended December 31, 2021, 2020 and 2019 (in thousands):
Change in Unrealized Gain (Loss) on Cash Flow Hedges
Foreign Currency Translation Adjustments (1)
Total
As of December 31, 2018$(944)$(23,532)$(24,476)
Other comprehensive income before reclassifications, before tax2,757 3,627 6,384 
Tax expense(661)— (661)
Other comprehensive income before reclassifications, net of tax2,096 3,627 5,723 
Reclassification of gain from accumulated other comprehensive income (loss), before tax(840)— (840)
Reclassification of tax expense201 — 201 
Reclassification of gain from accumulated other comprehensive income (loss), after tax(639)— (639)
Net current-period other comprehensive income, net of tax1,457 3,627 5,084 
As of December 31, 2019513 (19,905)(19,392)
Other comprehensive income before reclassifications, before tax1,724 45,395 47,119 
Tax expense(415)— (415)
Other comprehensive income before reclassifications, net of tax1,309 45,395 46,704 
Reclassification of loss from accumulated other comprehensive income (loss), before tax655 — 655 
Reclassification of tax benefit(158)— (158)
Reclassification of loss from accumulated other comprehensive income (loss), after tax497 — 497 
Net current-period other comprehensive income, net of tax1,806 45,395 47,201 
As of December 31, 20202,319 25,490 27,809 
Other comprehensive loss before reclassifications, before tax(3,922)(31,722)(35,644)
Tax benefit719 — 719 
Other comprehensive loss before reclassifications, net of tax(3,203)(31,722)(34,925)
Reclassification of gain from accumulated other comprehensive income (loss), before tax(75)— (75)
Reclassification of tax expense14 — 14 
Reclassification of gain from accumulated other comprehensive income (loss), after tax(61)— (61)
Net current-period other comprehensive loss, net of tax(3,264)(31,722)(34,986)
As of December 31, 2021$(945)$(6,232)$(7,177)
(1)Taxes were not provided for foreign currency translation adjustments as translation adjustments are related to earnings that are intended to be reinvested in the countries where earned.