Accumulated Other Comprehensive Loss (AOCI)

6 Months Ended

Jun. 30, 2020

The changes in the components of AOCI for the six months ended June 30, 2020 and 2019 are as follows (in thousands):


	Cumulative Foreign Currency Translation		Unrealized Gains/Losses on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2020	$	(929,713)	$	(42,752)	$	(972,465)
Other comprehensive loss before reclassifications	(566,861)		(85,554)		(652,415)
Amounts reclassified from AOCI	—		14,729		14,729
Tax effect	—		28,176		28,176
Other comprehensive loss	(566,861)		(42,649)		(609,510)
Balance at June 30, 2020	$	(1,496,574)	$	(85,401)	$	(1,581,975)


	Cumulative Foreign Currency Translation		Unrealized Gains/Losses on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at January 1, 2019	$	(913,858)	$	—	$	(913,858)
Other comprehensive income (loss) before reclassifications	32,035		(69,097)		(37,062)
Amounts reclassified from AOCI	—		602		602
Tax effect	—		22,121		22,121
Other comprehensive income (loss)	32,035		(46,374)		(14,339)
Balance at June 30, 2019	$	(881,823)	$	(46,374)	$	(928,197)