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Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Reclassification out of Accumulated Other Comprehensive Income

Reclassifications out of accumulated other comprehensive loss for the three and nine months ended September 30, 2023 and 2022, were as follows (amounts in thousands):

						Three Months Ended September 30,
Gains/(losses) on cash flow hedges						2023						2022																		Location in the Consolidated Income Statement
Interest rate swaps						$	6,498					$	383																	Interest expense, net
Income tax effect of item above						(1,550)						10																		Income tax expense/(benefit)
Total gains on cash flow hedges						$	4,948					$	393
						Nine Months Ended September 30,
Gains/(losses) on cash flow hedges						2023						2022																		Location in the Consolidated Income Statement
Interest rate swaps						$	18,666					$	(3,819)																	Interest expense, net
Income tax effect of item above						(4,464)						918																		Income tax expense/(benefit)
Total gains/(losses) on cash flow hedges						$	14,202					$	(2,901)

Schedule of Accumulated Other Comprehensive Income (Loss)

The following tables represent the changes in accumulated other comprehensive loss by component, after tax, for the three and nine months ended September 30, 2023 and 2022 (amounts in thousands):

						Three Months Ended September 30, 2023
						Debt Securities						Cash Flow						Currency Translation						Accumulated Other
						Available-for-sale						Hedges						Adjustments						Comprehensive Loss (1)
Balance at beginning of period						$	(189)					$	28,692					$	(376,503)					$	(348,000)
Other comprehensive loss before reclassifications						(26)						(2,712)						(31,603)						(34,341)
Reclassifications, net						—						(4,948)						—						(4,948)
Net current period other comprehensive loss						(26)						(7,660)						(31,603)						(39,289)
Balance at end of period						$	(215)					$	21,032					$	(408,106)					$	(387,289)
						Three Months Ended September 30, 2022
						Debt Securities						Cash Flow						Currency Translation						Accumulated Other
						Available-for-sale						Hedges						Adjustments						Comprehensive Loss (1)
Balance at beginning of period						$	(623)					$	19,046					$	(366,244)					$	(347,821)
Other comprehensive gain/(loss) before reclassifications						133						19,983						(97,988)						(77,872)
Reclassifications, net						—						(393)						—						(393)
Net current period other comprehensive gain/(loss)						133						19,590						(97,988)						(78,265)
Balance at end of period						$	(490)					$	38,636					$	(464,232)					$	(426,086)

(1) Net of deferred taxes for unrealized (gains)/losses from cash flow hedges of $2.5 million and $(3.5) million for the three months ended September 30, 2023 and 2022, respectively.

						Nine Months Ended September 30, 2023
						Debt Securities						Cash Flow						Currency Translation						Accumulated Other
						Available-for-sale						Hedges						Adjustments						Comprehensive Loss (1)
Balance at beginning of period						$	(237)					$	27,804					$	(375,493)					$	(347,926)
Other comprehensive gain/(loss) before reclassifications						22						7,430						(32,613)						(25,161)
Reclassifications, net						—						(14,202)						—						(14,202)
Net current period other comprehensive gain/(loss)						22						(6,772)						(32,613)						(39,363)
Balance at end of period						$	(215)					$	21,032					$	(408,106)					$	(387,289)
						Nine Months Ended September 30, 2022
						Debt Securities						Cash Flow						Currency Translation						Accumulated Other
						Available-for-sale						Hedges						Adjustments						Comprehensive Loss (1)
Balance at beginning of period						$	(221)					$	(5,371)					$	(261,317)					$	(266,909)
Other comprehensive gain/(loss) before reclassifications						(269)						41,106						(202,915)						(162,078)
Reclassifications, net						—						2,901						—						2,901
Net current period other comprehensive gain/(loss)						(269)						44,007						(202,915)						(159,177)
Balance at end of period						$	(490)					$	38,636					$	(464,232)					$	(426,086)

(1) Net of deferred taxes for unrealized gains from cash flow hedges of $(7.0) million and $(6.1) million for the nine months ended September 30, 2023 and 2022, respectively.

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Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

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- 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

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