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Comprehensive Income (Loss)
9 Months Ended
Sep. 30, 2021
Comprehensive Income Net Of Tax [Abstract]  
Comprehensive Income (Loss)

13. Comprehensive Income (Loss)

The components of other comprehensive income (loss) and income tax benefit allocated to each component for the three and nine months ended September 30, 2021 and 2020 (unaudited) were as follows:

 

 

 

Three Months Ended

September 30, 2021

 

 

Nine Months Ended

September 30, 2021

 

(millions)

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

Translation adjustments

 

$

(0.1

)

 

$

 

 

$

(0.1

)

 

$

 

 

$

 

 

$

 

Change in fair value of interest rate collars

 

 

0.6

 

 

 

0.2

 

 

 

0.4

 

 

 

1.7

 

 

 

0.5

 

 

 

1.2

 

Other comprehensive income

 

$

0.5

 

 

$

0.2

 

 

$

0.3

 

 

$

1.7

 

 

$

0.5

 

 

$

1.2

 

 

 

 

Three Months Ended

September 30, 2020

 

 

Nine Months Ended

September 30, 2020

 

(millions)

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

Translation adjustments

 

$

 

 

$

 

 

$

 

 

$

(0.3

)

 

$

 

 

$

(0.3

)

Change in fair value of interest rate collars

 

 

0.6

 

 

 

0.2

 

 

 

0.4

 

 

 

(3.0

)

 

 

(0.8

)

 

 

(2.2

)

Other comprehensive income (loss)

 

$

0.6

 

 

$

0.2

 

 

$

0.4

 

 

$

(3.3

)

 

$

(0.8

)

 

$

(2.5

)

 

The changes to accumulated other comprehensive loss by component for the nine months ended September 30, 2021 (unaudited), were as follows:

 

(millions)

 

Foreign

Currency

Translation

Adjustments

 

 

Change in Fair Value

of Interest Rate Collars

 

 

Total Accumulated

Other

Comprehensive

Loss

 

Balance as of December 31, 2020

 

$

(2.2

)

 

$

(2.2

)

 

$

(4.4

)

Other comprehensive loss before reclassification

 

 

-

 

 

 

-

 

 

 

-

 

Amounts reclassified from accumulated other comprehensive loss

 

 

-

 

 

 

1.2

 

 

 

1.2

 

Balance as of September 30, 2021

 

$

(2.2

)

 

$

(1.0

)

 

$

(3.2

)

 

The changes to accumulated other comprehensive loss by component for the nine months ended September 30, 2020 (unaudited), were as follows:

 

(millions)

 

Foreign

Currency

Translation

Adjustments

 

 

Change in Fair Value

of Interest Rate Collars

 

 

Total Accumulated

Other

Comprehensive

Loss

 

Balance as of December 31, 2019

 

$

(2.3

)

 

$

(0.4

)

 

$

(2.7

)

Other comprehensive loss before reclassification

 

 

(0.3

)

 

 

(2.9

)

 

 

(3.2

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

0.7

 

 

 

0.7

 

Balance as of September 30, 2020

 

$

(2.6

)

 

$

(2.6

)

 

$

(5.2

)

 

Reclassifications from accumulated other comprehensive loss for the three and nine months ended September 30, 2021 and 2020 (unaudited) were as follows:

 

(millions)

 

Three Months Ended

September 30

 

 

Nine Months Ended

September 30

 

 

Classification in the Condensed Consolidated Statements of Income (Loss)

Interest Rate Collars:

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

Net realized loss

 

$

0.6

 

 

$

0.6

 

 

$

1.7

 

 

$

1.0

 

 

Other expenses

Reclassifications before tax

 

 

0.6

 

 

 

0.6

 

 

 

1.7

 

 

 

1.0

 

 

 

Income tax benefit

 

 

0.2

 

 

 

0.2

 

 

 

0.5

 

 

 

0.3

 

 

 

Reclassifications, net of tax

 

$

0.4

 

 

$

0.4

 

 

$

1.2

 

 

$

0.7