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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Sep. 30, 2022
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract] |
Components of Accumulated Other Comprehensive Loss | Accumulated other comprehensive loss as of September 30, 2022 and 2021 included the following:
|  | Three Months Ended September 30, 2022 |
|  | 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 June 30, 2022 |  | $ | (16,562 | ) |  | $ | 305 |  |  | $ | 3,670 |  |  | $ | (12,587 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (7,074 | ) |  |  | — |  |  |  | 3,128 |  |  |  | (3,946 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (180 | ) |  |  | 142 |  |  |  | (38 | )
Effect of taxes (4) |  |  | 3,309 |  |  |  | 48 |  |  |  | (928 | ) |  |  | 2,429 |
Total current period other comprehensive (loss) income |  |  | (3,765 | ) |  |  | (132 | ) |  |  | 2,342 |  |  |  | (1,555 | )
Accumulated other comprehensive (loss) income at September 30, 2022 |  | $ | (20,327 | ) |  | $ | 173 |  |  | $ | 6,012 |  |  | $ | (14,142 | )
|  | Three Months Ended September 30, 2021 |
|  | 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 June 30, 2021 |  | $ | (6,225 | ) |  | $ | 833 |  |  | $ | (5,502 | ) |  | $ | (10,894 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (2,872 | ) |  |  | — |  |  |  | (27 | ) |  |  | (2,899 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (180 | ) |  |  | 943 |  |  |  | 763 |
Effect of taxes (4) |  |  | 361 |  |  |  | 48 |  |  |  | (244 | ) |  |  | 165 |
Total current period other comprehensive (loss) income |  |  | (2,511 | ) |  |  | (132 | ) |  |  | 672 |  |  |  | (1,971 | )
Accumulated other comprehensive (loss) income at September 30, 2021 |  | $ | (8,736 | ) |  | $ | 701 |  |  | $ | (4,830 | ) |  | $ | (12,865 | )
|  | Nine Months Ended September 30, 2022 |
|  | 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, 2021 |  | $ | (8,759 | ) |  | $ | 569 |  |  | $ | (2,845 | ) |  | $ | (11,035 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (16,099 | ) |  |  | — |  |  |  | 10,430 |  |  |  | (5,669 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (540 | ) |  |  | 1,640 |  |  |  | 1,100 |
Effect of taxes (4) |  |  | 4,531 |  |  |  | 144 |  |  |  | (3,213 | ) |  |  | 1,462 |
Total current period other comprehensive (loss) income |  |  | (11,568 | ) |  |  | (396 | ) |  |  | 8,857 |  |  |  | (3,107 | )
Accumulated other comprehensive (loss) income at September 30, 2022 |  | $ | (20,327 | ) |  | $ | 173 |  |  | $ | 6,012 |  |  | $ | (14,142 | )
|  | Nine Months Ended September 30, 2021 |
|  | 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, 2020 |  | $ | (7,210 | ) |  | $ | 1,096 |  |  | $ | (7,992 | ) |  | $ | (14,106 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (1,722 | ) |  |  | — |  |  |  | 1,530 |  |  |  | (192 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (540 | ) |  |  | 2,778 |  |  |  | 2,238 |
Effect of taxes (4) |  |  | 196 |  |  |  | 145 |  |  |  | (1,146 | ) |  |  | (805 | )
Total current period other comprehensive (loss) income |  |  | (1,526 | ) |  |  | (395 | ) |  |  | 3,162 |  |  |  | 1,241 |
Accumulated other comprehensive (loss) income at September 30, 2021 |  | $ | (8,736 | ) |  | $ | 701 |  |  | $ | (4,830 | ) |  | $ | (12,865 | )
(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 9—Derivative Instruments and Hedging Activities). (2) Represents the change in fair value of interest rate hedge agreements designated as cash flow hedges. The fair value of the interest rate hedge agreements 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 August 31, 2018 to February 28, 2025 (see Note 9—Derivative Instruments and Hedging Activities). (3) The Company expects to reclassify $0.2 million of net gains related to the Gain on Sale of Interest Rate Hedge Agreement and $4.4 million of net gains 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 September 30, 2022 and 2021 was 11.7% and 31.6%, respectively, and 23.2% and 29.8% for the nine months ended September 30, 2022 and 2021, respectively.

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