XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.24.3

Other Comprehensive Income (Loss) (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Abstract] |
Components of Other Comprehensive Income (Loss), Net of Tax | The table below sets forth the components of other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2024 and 2023.
| Three Months Ended September 30, 2024 |  | Three Months Ended September 30, 2023
| Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes |  | Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes
Foreign currency translation adjustments | $ | 900 |  |  | $ | — |  |  | $ | 900 |  |  | $ | (662) |  |  | $ | — |  |  | $ | (662) |
Unrealized gain (loss) on investment | $ | (599) |  |  | $ | 156 |  |  | $ | (443) |  |  | $ | (1,840) |  |  | $ | 490 |  |  | $ | (1,350) |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | (3,891) |  |  | $ | 1,016 |  |  | $ | (2,875) |  |  | $ | 1,849 |  |  | $ | (492) |  |  | $ | 1,357 |
Reclassification adjustments into earnings | (2,412) |  |  | 630 |  |  | (1,782) |  |  | (2,107) |  |  | 560 |  |  | (1,547) |
Net unrealized gain (loss) on interest rate swaps | $ | (6,303) |  |  | $ | 1,646 |  |  | $ | (4,657) |  |  | $ | (258) |  |  | $ | 68 |  |  | $ | (190) |
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | (93) |  |  | $ | 24 |  |  | $ | (69) |  |  | $ | (223) |  |  | $ | 59 |  |  | $ | (164) |
Reclassification adjustments into earnings | 13 |  |  | (3) |  |  | 10 |  |  | (19) |  |  | 5 |  |  | (14) |
Net unrealized gain (loss) on foreign exchange forward contracts | $ | (80) |  |  | $ | 21 |  |  | $ | (59) |  |  | $ | (242) |  |  | $ | 64 |  |  | $ | (178) |
Other comprehensive income (loss) | $ | (6,082) |  |  | $ | 1,823 |  |  | $ | (4,259) |  |  | $ | (3,002) |  |  | $ | 622 |  |  | $ | (2,380) |
| Nine Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2023
| Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes |  | Before Taxes |  | Tax (Expense) Benefit |  | Net of Taxes
Foreign currency translation adjustments | $ | (103) |  |  | $ | — |  |  | $ | (103) |  |  | $ | (283) |  |  | $ | — |  |  | $ | (283) |
Unrealized gain (loss) on investment | $ | (11,095) |  |  | $ | 2,887 |  |  | $ | (8,208) |  |  | $ | 4,193 |  |  | $ | (1,117) |  |  | $ | 3,076 |
Interest rate swaps: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | 578 |  |  | $ | (150) |  |  | $ | 428 |  |  | $ | 5,307 |  |  | $ | (1,411) |  |  | $ | 3,896 |
Reclassification adjustments into earnings | (7,041) |  |  | 1,838 |  |  | (5,203) |  |  | (5,580) |  |  | 1,483 |  |  | (4,097) |
Net unrealized gain (loss) on interest rate swaps | $ | (6,463) |  |  | $ | 1,688 |  |  | $ | (4,775) |  |  | $ | (273) |  |  | $ | 72 |  |  | $ | (201) |
Foreign exchange forward contracts: |  |  |  |  |  |  |  |  |  |  |
Change in fair value | $ | (25) |  |  | $ | 6 |  |  | $ | (19) |  |  | $ | (23) |  |  | $ | 6 |  |  | $ | (17) |
Reclassification adjustments into earnings | 33 |  |  | (9) |  |  | 24 |  |  | (21) |  |  | 5 |  |  | (16) |
Net unrealized gain (loss) on foreign exchange forward contracts | $ | 8 |  |  | $ | (3) |  |  | $ | 5 |  |  | $ | (44) |  |  | $ | 11 |  |  | $ | (33) |
Other comprehensive income (loss) | $ | (17,653) |  |  | $ | 4,572 |  |  | $ | (13,081) |  |  | $ | 3,593 |  |  | $ | (1,034) |  |  | $ | 2,559 |
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.
Components of Accumulated Other Comprehensive Income (Loss), Net of Tax | 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 | (103) |  |  | (8,208) |  |  | (4,775) |  |  | 5 |  |  | (13,081) |
Balance as of September 30, 2024 | $ | (2,624) |  |  | $ | 11,831 |  |  | $ | 586 |  |  | $ | (47) |  |  | $ | 9,746 |

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

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration