Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2021

Equity

Accumulated Other Comprehensive Loss

4. ACCUMULATED OTHER COMPREHENSIVE LOSS:

The Company’s balance in accumulated other comprehensive loss is comprised of amounts related to the Company’s minimum pension liability discussed in Note 11, “Pension Plans,” interest rate derivatives designated as cash flow hedges related to the Company’s outstanding debt as discussed in Note 7, “Debt,” and amounts related to an other-than-temporary impairment of a held-to-maturity investment that existed prior to 2020 with respect to the notes receivable discussed in Note 6, “Notes Receivable,” to the condensed consolidated financial statements included herein. Changes in accumulated other comprehensive loss by component for the nine months ended September 30, 2021 and 2020 consisted of the following (in thousands):

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2020	$	(26,623)	$	(3,509)	$	(27,819)	$	(57,951)
Gains (losses) arising during period		8,324		—		(370)		7,954
Amounts reclassified from accumulated other comprehensive loss		966		159		12,298		13,423
Net other comprehensive income		9,290		159		11,928		21,377
Balance, September 30, 2021	$	(17,333)	$	(3,350)	$	(15,891)	$	(36,574)

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2019	$	(23,916)	$	(5,877)	$	1,634	$	(28,159)
Losses arising during period		(11,167)		—		(39,965)		(51,132)
Amounts reclassified from accumulated other comprehensive loss		1,444		158		6,479		8,081
Net other comprehensive income (loss)		(9,723)		158		(33,486)		(43,051)
Transition adjustment related to adoption of ASU 2016-13		—		2,158		—		2,158
Balance, September 30, 2020	$	(33,639)	$	(3,561)	$	(31,852)	$	(69,052)