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Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2022
Comprehensive Income Net Of Tax [Abstract]  
Components of Other Comprehensive Income (Loss) and Income Tax Allocated

The components of other comprehensive income (loss) and income tax allocated to each component during the three and six months ended June 30, 2022 and 2021 (unaudited) were as follows:

 

 

Three Months Ended

June 30, 2022

 

 

Six Months Ended

June 30, 2022

 

(millions)

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

 

Before Tax Amount

 

 

Income Tax

 

 

Net of Tax Amount

 

Translation adjustments

 

$

(0.2

)

 

$

 

 

$

(0.2

)

 

$

(0.1

)

 

$

 

 

$

(0.1

)

De-designation of interest rate collars

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.7

 

 

 

0.2

 

 

 

0.5

 

Other comprehensive income (loss)

 

$

(0.1

)

 

$

 

 

$

(0.1

)

 

$

0.6

 

 

$

0.2

 

 

$

0.4

 

 

 

 

Three Months Ended

June 30, 2021

 

 

Six Months Ended

June 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

 

 

$

0.1

 

 

$

 

 

$

0.1

 

De-designation of interest rate collars

 

 

0.5

 

 

 

0.1

 

 

 

0.4

 

 

 

1.1

 

 

 

0.3

 

 

 

0.8

 

Other comprehensive income

 

$

0.6

 

 

$

0.1

 

 

$

0.5

 

 

$

1.2

 

 

$

0.3

 

 

$

0.9

 

Components of Accumulated Other Comprehensive Loss

The changes to accumulated other comprehensive loss by component during the six months ended June 30, 2022 (unaudited), were as follows:

(millions)

 

Foreign

Currency

Translation

Adjustments

 

 

Interest Rate Collars

 

 

Total Accumulated

Other

Comprehensive

Loss

 

Balance as of December 31, 2021

 

$

(2.3

)

 

$

(0.5

)

 

$

(2.8

)

Other comprehensive loss before reclassification

 

 

(0.1

)

 

 

 

 

 

(0.1

)

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

0.5

 

 

 

0.5

 

Balance as of June 30, 2022

 

$

(2.4

)

 

$

 

 

$

(2.4

)

 

The changes to accumulated other comprehensive loss by component during the six months ended June 30, 2021 (unaudited), were as follows:

(millions)

 

Foreign

Currency

Translation

Adjustments

 

 

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

 

 

0.1

 

 

 

 

 

 

0.1

 

Amounts reclassified from accumulated other comprehensive loss

 

 

 

 

 

0.8

 

 

 

0.8

 

Balance as of June 30, 2021

 

$

(2.1

)

 

$

(1.4

)

 

$

(3.5

)

Reclassification from Accumulated Other Comprehensive Loss

Reclassifications from accumulated other comprehensive loss during the three and six months ended June 30, 2022 and 2021 (unaudited) were as follows:

(millions)

 

Three Months Ended

June 30

 

 

Six Months Ended

June 30

 

 

Classification in the Condensed Consolidated Statements of Income

Interest Rate Collars:

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

Net realized loss

 

$

0.1

 

 

$

0.5

 

 

$

0.7

 

 

$

1.1

 

 

Other expenses

Reclassifications before tax

 

 

0.1

 

 

 

0.5

 

 

 

0.7

 

 

 

1.1

 

 

 

Income tax benefit

 

 

 

 

 

0.1

 

 

 

0.2

 

 

 

0.3

 

 

 

Reclassifications, net of tax

 

$

0.1

 

 

$

0.4

 

 

$

0.5

 

 

$

0.8