XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.23.1

Accumulated Other Comprehensive Loss | 3 Months Ended
--- | ---
Mar. 31, 2023
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 March 31, 2023 and 2022 included the following:
|  | Three Months Ended March 31, 2023 |
|  | 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, 2022 |  | $ | (14,056 | ) |  | $ | 41 |  |  | $ | 5,882 |  |  | $ | (8,133 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | 1,753 |  |  |  | — |  |  |  | (2,532 | ) |  |  | (779 | )
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (60 | ) |  |  | (1,360 | ) |  |  | (1,420 | )
Effect of taxes (4) |  |  | (192 | ) |  |  | 19 |  |  |  | 1,038 |  |  |  | 865 |
Total current period other comprehensive (loss) income |  |  | 1,561 |  |  |  | (41 | ) |  |  | (2,854 | ) |  |  | (1,334 | )
Accumulated other comprehensive (loss) income at March 31, 2023 |  | $ | (12,495 | ) |  | $ | — |  |  | $ | 3,028 |  |  | $ | (9,467 | )
|  | Three Months Ended March 31, 2022 |
|  | 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, 2021 |  | $ | (8,759 | ) |  | $ | 569 |  |  | $ | (2,845 | ) |  | $ | (11,035 | )
Current period other comprehensive (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Other comprehensive (loss) income before reclassifications |  |  | (2,304 | ) |  |  | — |  |  |  | 5,509 |  |  |  | 3,205 |
Amounts reclassified from accumulated other comprehensive (loss) income (3) |  |  | — |  |  |  | (180 | ) |  |  | 902 |  |  |  | 722 |
Effect of taxes (4) |  |  | 363 |  |  |  | 48 |  |  |  | (1,679 | ) |  |  | (1,268 | )
Total current period other comprehensive (loss) income |  |  | (1,941 | ) |  |  | (132 | ) |  |  | 4,732 |  |  |  | 2,659 |
Accumulated other comprehensive (loss) income at March 31, 2022 |  | $ | (10,700 | ) |  | $ | 437 |  |  | $ | 1,887 |  |  | $ | (8,376 | )
(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. (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 8 — Derivative Instruments and Hedging Activities”). (3) The Company expects to reclassify $4.8 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 March 31, 2023 and 2022 was 23.5% and 27.5%, 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 https://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 https://asc.fasb.org/extlink&oid=126953954&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 https://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 https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_ComprehensiveIncomeNoteTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration