Accumulated Other Comprehensive Loss (AOCL)

6 Months Ended

Jun. 30, 2023

The changes in the components of AOCL, net of tax, for the six months ended June 30, 2023 and 2022 are as follows (in thousands):


	June 30, 2023
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at December 31, 2022	$	(1,518,640)	$	8,990	$	(1,509,650)
Other comprehensive income before reclassifications	140,656		26,540		167,196
Amounts reclassified from AOCL	—		(12,392)		(12,392)
Tax effect	—		(2,417)		(2,417)
Other comprehensive income, net of tax	140,656		11,731		152,387
Balance at June 30, 2023	$	(1,377,984)	$	20,721	$	(1,357,263)


	June 30, 2022
	Cumulative Foreign Currency Translation		Unrealized (Losses) Gains on Derivative Instruments		Total Accumulated Other Comprehensive (Loss) Income
Balance at December 31, 2021	$	(1,441,505)	$	(23,111)	$	(1,464,616)
Other comprehensive income before reclassifications	24,053		22,871		46,924
Amounts reclassified from AOCL	—		12,674		12,674
Tax effect	—		(8,815)		(8,815)
Other comprehensive income, net of tax	24,053		26,730		50,783
Balance at June 30, 2022	$	(1,417,452)	$	3,619	$	(1,413,833)