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Accumulated Other Comprehensive Loss | 12 Months Ended
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Dec. 31, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Accumulated Other Comprehensive Loss | NOTE 14 - ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss included the following:
|  | Foreign Currency Translation Adjustments |  |  | Gain on Sale of Interest Rate Hedge Agreement (1) |  |  | Changes in Fair Value of Interest Rate Hedge Agreements (2)(5) |  |  | Total |
Accumulated other comprehensive (loss) income at January 1, 2018 |  | $ | (7,638 | ) |  | $ | 2,158 |  |  | $ | 441 |  |  | $ | (5,039 | )
Reclassification of stranded tax effects due to adoption of accounting principle (6) |  |  | (1,307 | ) |  |  | 478 |  |  |  | — |  |  |  | (829 | )
Adjusted beginning balance |  |  | (8,945 | ) |  |  | 2,636 |  |  |  | 441 |  |  |  | (5,868 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive loss before reclassifications |  |  | (4,711 | ) |  |  | — |  |  |  | (1,184 | ) |  |  | (5,895 | )
Amounts reclassified from accumulated other comprehensive income |  |  | — |  |  |  | (660 | ) |  |  | (12 | ) |  |  | (672 | )
Effect of taxes (3) |  |  | (512 | ) |  |  | 188 |  |  |  | 208 |  |  |  | (116 | )
Total current period other comprehensive loss |  |  | (5,223 | ) |  |  | (472 | ) |  |  | (988 | ) |  |  | (6,683 | )
Accumulated other comprehensive (loss) income at December 31, 2018 |  |  | (14,168 | ) |  |  | 2,164 |  |  |  | (547 | ) |  |  | (12,551 | )
Other comprehensive income (loss) before reclassifications |  |  | 2,338 |  |  |  | — |  |  |  | (3,362 | ) |  |  | (1,024 | )
Amounts reclassified from accumulated other comprehensive income |  |  | — |  |  |  | (720 | ) |  |  | 333 |  |  |  | (387 | )
Effect of taxes (3) |  |  | 835 |  |  |  | 190 |  |  |  | 793 |  |  |  | 1,818 |
Total current period other comprehensive income (loss) |  |  | 3,173 |  |  |  | (530 | ) |  |  | (2,236 | ) |  |  | 407 |
Accumulated other comprehensive (loss) income at December 31, 2019 |  |  | (10,995 | ) |  |  | 1,634 |  |  |  | (2,783 | ) |  |  | (12,144 | )
Other comprehensive income (loss) before reclassifications |  |  | 4,141 |  |  |  | — |  |  |  | (9,867 | ) |  |  | (5,726 | )
Amounts reclassified from accumulated other comprehensive income (4) |  |  | — |  |  |  | (720 | ) |  |  | 2,751 |  |  |  | 2,031 |
Effect of taxes (3) |  |  | (356 | ) |  |  | 182 |  |  |  | 1,907 |  |  |  | 1,733 |
Total current period other comprehensive income (loss) |  |  | 3,785 |  |  |  | (538 | ) |  |  | (5,209 | ) |  |  | (1,962 | )
Accumulated other comprehensive (loss) income at December 31, 2020 |  | $ | (7,210 | ) |  | $ | 1,096 |  |  | $ | (7,992 | ) |  | $ | (14,106 | )
(1) | Represents the fair value of an interest rate hedge agreement, designated as a cash flow hedge, which was sold on December 1, 2016. The fair value of the interest rate hedge agreement was recorded in other comprehensive income, net of tax, and will be reclassified to earnings when earnings are impacted by the hedged items, as interest payments are made on the Credit Facility from January 31, 2018 to January 31, 2023.
(2) | Represents the change in fair value of an interest rate hedge agreements designated as a cash flow hedges. The fair value of the interest rate hedge agreement was recorded in other comprehensive income and will be reclassified to earnings when earnings are impacted by the hedged items, as interest payments are made on the Credit Facility from August 31, 2018 to February 28, 2025. See additional details of the hedge agreements in Note 12 - Derivative Instruments and Hedging Activities.
(3) | The Company’s effective tax rate for the years ended December 31, 2020, 2019, and 2018 was 26.4%, 23.6%, and 25.9%, respectively.
(4) | The Company expects to reclassify $0.7 million related to the Gain on Sale of Interest Rate Hedge Agreement, and $3.7 million losses related to the Change in Fair Value of Interest Rate Hedge Agreement from accumulated other comprehensive loss into earnings during the next 12 months.
(5) | The fair value of the interest rate hedge agreements is included in other current and other long-term liabilities on the consolidated balance sheet.
(6) | The Company has adjusted the balance of accumulated other comprehensive (loss) income at December 3, 2017 after the adoption of ASU 2018-02.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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