XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Accumulated Other Comprehensive Loss | 6 Months Ended
--- | ---
Jun. 30, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Accumulated Other Comprehensive Loss | NOTE 10 – ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss as of June 30, 2021 and 2020 included the following:
|  | Three Months Ended June 30, 2021 |
|  | Foreign Currency Translation Adjustments |  |  | Gain on Sale of Interest Rate Hedge Agreement (1) |  |  | Change in Fair Value of Interest Rate Hedge Agreements (2) |  |  | Total |
Accumulated other comprehensive (loss) income at March 31, 2021 |  | $ | (6,346 | ) |  | $ | 965 |  |  | $ | (5,945 | ) |  | $ | (11,326 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications |  |  | 182 |  |  |  | — |  |  |  | (325 | ) |  |  | (143 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (180 | ) |  |  | 928 |  |  |  | 748 |
Effect of taxes (4) |  |  | (61 | ) |  |  | 48 |  |  |  | (160 | ) |  |  | (173 | )
Total current period other comprehensive income (loss) |  |  | 121 |  |  |  | (132 | ) |  |  | 443 |  |  |  | 432 |
Accumulated other comprehensive (loss) income at June 30, 2021 |  | $ | (6,225 | ) |  | $ | 833 |  |  | $ | (5,502 | ) |  | $ | (10,894 | )
|  | Three Months Ended June 30, 2020 |
|  | Foreign Currency Translation Adjustments |  |  | Gain on Sale of Interest Rate Hedge Agreement (1) |  |  | Change in Fair Value of Interest Rate Hedge Agreement (2) |  |  | Total |
Accumulated other comprehensive (loss) income at March 31, 2020 |  | $ | (15,813 | ) |  | $ | 1,501 |  |  | $ | (8,955 | ) |  | $ | (23,267 | )
Current period other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income (loss) before reclassifications |  |  | 609 |  |  |  | — |  |  |  | (1,582 | ) |  |  | (973 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (180 | ) |  |  | 721 |  |  |  | 541 |
Effect of taxes (4) |  |  | (5 | ) |  |  | 47 |  |  |  | 226 |  |  |  | 268 |
Total current period other comprehensive income (loss) |  |  | 604 |  |  |  | (133 | ) |  |  | (635 | ) |  |  | (164 | )
Accumulated other comprehensive (loss) income at June 30, 2020 |  | $ | (15,209 | ) |  | $ | 1,368 |  |  | $ | (9,590 | ) |  | $ | (23,431 | )
|  | Six Months Ended June 30, 2021 |
|  | Foreign Currency Translation Adjustments |  |  | Gain on Sale of Interest Rate Hedge Agreement (1) |  |  | Change in Fair Value of Interest Rate Hedge Agreements (2) |  |  | Total |
Accumulated other comprehensive (loss) income at December 31, 2020 |  | $ | (7,210 | ) |  | $ | 1,096 |  |  | $ | (7,992 | ) |  | $ | (14,106 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive income before reclassifications |  |  | 1,150 |  |  |  | — |  |  |  | 1,557 |  |  |  | 2,707 |
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (360 | ) |  |  | 1,835 |  |  |  | 1,475 |
Effect of taxes (4) |  |  | (165 | ) |  |  | 97 |  |  |  | (902 | ) |  |  | (970 | )
Total current period other comprehensive income (loss) |  |  | 985 |  |  |  | (263 | ) |  |  | 2,490 |  |  |  | 3,212 |
Accumulated other comprehensive (loss) income at June 30, 2021 |  | $ | (6,225 | ) |  | $ | 833 |  |  | $ | (5,502 | ) |  | $ | (10,894 | )
|  | Six Months Ended June 30, 2020 |
|  | Foreign Currency Translation Adjustments |  |  | Gain on Sale of Interest Rate Hedge Agreement (1) |  |  | Change in Fair Value of Interest Rate Hedge Agreement (2) |  |  | Total |
Accumulated other comprehensive (loss) income at December 31, 2019 |  | $ | (10,995 | ) |  | $ | 1,634 |  |  | $ | (2,783 | ) |  | $ | (12,144 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (4,821 | ) |  |  | — |  |  |  | (10,155 | ) |  |  | (14,976 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (360 | ) |  |  | 923 |  |  |  | 563 |
Effect of taxes (4) |  |  | 607 |  |  |  | 94 |  |  |  | 2,425 |  |  |  | 3,126 |
Total current period other comprehensive (loss) income |  |  | (4,214 | ) |  |  | (266 | ) |  |  | (6,807 | ) |  |  | (11,287 | )
Accumulated other comprehensive (loss) income at June 30, 2020 |  | $ | (15,209 | ) |  | $ | 1,368 |  |  | $ | (9,590 | ) |  | $ | (23,431 | )
(1) | Represents the unamortized 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, at the date of the sale, was recorded in other comprehensive income, net of tax, and is being reclassified to interest expense when earnings are impacted by the hedged items and as interest payments are made on the Credit Facility from January 31, 2018 to January 31, 2023 (see Note 8—Derivative Instruments and Hedging Activities).
(2) | Represents the change in fair value of interest rate hedge agreements designated as a cash flow hedge. The fair value of the interest rate hedge agreements was recorded in other comprehensive income and will be reclassified to interest expense when earnings are impacted by the hedged items and as interest payments are made on the Credit Facility from August 31, 2018 to February 28, 2025 (see Note 8—Derivative Instruments and Hedging Activities).
(3) | The Company expects to reclassify $0.7 million net gains related to the Gain on Sale of Interest Rate Hedge Agreement and $3.7 million net 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.
(4) | The Company’s effective tax rate for the three months ended June 30, 2021 and 2020 was 30.7% and 29.0%, respectively, and 28.8% and 24.6% for the six months ended June 30, 2021 and 2020, respectively.

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

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://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
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration