Accumulated Other Comprehensive Loss

9 Months Ended

Sep. 30, 2023

Equity

Accumulated Other Comprehensive Loss

6. 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 13, “Pension Plans,” interest rate derivatives designated as cash flow hedges related to the Company’s outstanding debt as discussed in Note 9, “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 8, “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, 2023 and 2022 consisted of the following (in thousands):

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2022	$	(18,021)	$	(3,087)	$	10,185	$	(10,923)
Gains arising during period		—		—		3,029		3,029
Amounts reclassified from accumulated other comprehensive loss		(220)		156		(11,734)		(11,798)
Net other comprehensive income (loss)		(220)		156		(8,705)		(8,769)
Balance, September 30, 2023	$	(18,241)	$	(2,931)	$	1,480	$	(19,692)

			Other-Than-
	Minimum		Temporary
	Pension		Impairment of		Interest Rate
	Liability		Investment		Derivatives		Total
Balance, December 31, 2021	$	(16,419)	$	(3,298)	$	(9,363)	$	(29,080)
Gains (losses) arising during period		(6,437)		—		15,642		9,205
Amounts reclassified from accumulated other comprehensive loss		1,416		158		6,375		7,949
Net other comprehensive income (loss)		(5,021)		158		22,017		17,154
Balance, September 30, 2022	$	(21,440)	$	(3,140)	$	12,654	$	(11,926)