XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.24.2

Other Comprehensive Income (Loss) | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Other Comprehensive Income (Loss) | Other Comprehensive Income (Loss) The table below sets forth the components of other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2024 and 2023.
| Three Months Ended June 30, 2024 |  | Three Months Ended June 30, 2023
| Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes |  | Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes
Foreign currency translation adjustments | $ | (281) |  |  | $ | — |  |  | $ | (281) |  |  | $ | 327 |  |  | $ | — |  |  | $ | 327 |
Unrealized gain (loss) on investment | $ | (8,549) |  |  | $ | 2,231 |  |  | $ | (6,318) |  |  | $ | 754 |  |  | $ | (201) |  |  | $ | 553 |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | 791 |  |  | $ | (206) |  |  | $ | 585 |  |  | $ | 5,265 |  |  | $ | (1,400) |  |  | $ | 3,865 |
Reclassification adjustments into earnings | (2,344) |  |  | 612 |  |  | (1,732) |  |  | (1,941) |  |  | 516 |  |  | (1,425) |
Net unrealized gain (loss) on interest rate swaps | $ | (1,553) |  |  | $ | 406 |  |  | $ | (1,147) |  |  | $ | 3,324 |  |  | $ | (884) |  |  | $ | 2,440 |
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | 22 |  |  | $ | (6) |  |  | $ | 16 |  |  | $ | 46 |  |  | $ | (12) |  |  | $ | 34 |
Reclassification adjustments into earnings | 6 |  |  | (2) |  |  | 4 |  |  | (14) |  |  | 3 |  |  | (11) |
Net unrealized gain (loss) on foreign exchange forward contracts | $ | 28 |  |  | $ | (8) |  |  | $ | 20 |  |  | $ | 32 |  |  | $ | (9) |  |  | $ | 23 |
Other comprehensive income (loss) | $ | (10,355) |  |  | $ | 2,629 |  |  | $ | (7,726) |  |  | $ | 4,437 |  |  | $ | (1,094) |  |  | $ | 3,343 |
| Six Months Ended June 30, 2024 |  | Six Months Ended June 30, 2023
| Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes |  | Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes
Foreign currency translation adjustments | $ | (1,003) |  |  | $ | — |  |  | $ | (1,003) |  |  | $ | 379 |  |  | $ | — |  |  | $ | 379 |
Unrealized gain (loss) on investment | $ | (10,496) |  |  | $ | 2,731 |  |  | $ | (7,765) |  |  | $ | 6,033 |  |  | $ | (1,607) |  |  | $ | 4,426 |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | 4,469 |  |  | $ | (1,166) |  |  | $ | 3,303 |  |  | $ | 3,458 |  |  | $ | (919) |  |  | $ | 2,539 |
Reclassification adjustments into earnings | (4,629) |  |  | 1,208 |  |  | (3,421) |  |  | (3,473) |  |  | 923 |  |  | (2,550) |
Net unrealized gain (loss) on interest rate swaps | $ | (160) |  |  | $ | 42 |  |  | $ | (118) |  |  | $ | (15) |  |  | $ | 4 |  |  | $ | (11) |
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | 68 |  |  | $ | (18) |  |  | $ | 50 |  |  | $ | 200 |  |  | $ | (53) |  |  | $ | 147 |
Reclassification adjustments into earnings | 20 |  |  | (6) |  |  | 14 |  |  | (2) |  |  | — |  |  | (2) |
Net unrealized gain (loss) on foreign exchange forward contracts | $ | 88 |  |  | $ | (24) |  |  | $ | 64 |  |  | $ | 198 |  |  | $ | (53) |  |  | $ | 145 |
Other comprehensive income (loss) | $ | (11,571) |  |  | $ | 2,749 |  |  | $ | (8,822) |  |  | $ | 6,595 |  |  | $ | (1,656) |  |  | $ | 4,939 |
The before tax amounts reclassified from accumulated other comprehensive income related to our interest rate swaps and foreign exchange forward contracts are recorded to interest expense, net of interest income and direct costs, respectively, on our consolidated statement of operations. The related tax amounts reclassified from accumulated other comprehensive income are recorded to income tax expense (benefit) on our consolidated statement of operations. Refer to Note 9 “Derivative Instruments and Hedging Activity” for additional information on our derivative instruments. Accumulated other comprehensive income, net of tax, includes the following components:
|  |  |  |  | Cash Flow Hedges |  |
| Foreign Currency Translation |  | Available-for-Sale Investment |  | Interest Rate Swaps |  | Foreign Exchange Forward Contracts |  | Total
Balance as of December 31, 2023 | $ | (2,521) |  |  | $ | 20,039 |  |  | $ | 5,361 |  |  | $ | (52) |  |  | $ | 22,827 |
Current period change | (1,003) |  |  | (7,765) |  |  | (118) |  |  | 64 |  |  | (8,822) |
Balance as of June 30, 2024 | $ | (3,524) |  |  | $ | 12,274 |  |  | $ | 5,243 |  |  | $ | 12 |  |  | $ | 14,005 |

X
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration