Changes in Accumulated Other Comprehensive Income (Loss) by Component |
The changes in accumulated other comprehensive income (loss) by component, consisted of the following: | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | (dollars in thousands) | 2021 | 2020 | | 2021 | 2020 | Accumulated other comprehensive income (loss), beginning of period | $ | 4,163 | | $ | (14,140) | | | $ | (2,497) | | $ | (5,290) | | By component: | | | | | | Gains and losses on cash flow hedges: | | | | | | Accumulated other comprehensive income (loss) balance, beginning of period | $ | 1,048 | | $ | (4,445) | | | $ | (3,101) | | $ | (1,323) | | | | | | | | Other comprehensive income (loss) before reclassifications, net of tax effects of $244, $71, $(856) and $1,225 | (692) | | (200) | | | 2,438 | | (3,473) | | Amounts reclassified from accumulated other comprehensive (loss) income to interest expense | 1,408 | | 1,018 | | | 2,784 | | 1,223 | | Tax benefit included in provision for income taxes | (371) | | (267) | | | (728) | | (321) | | Total amounts reclassified from accumulated other comprehensive (loss) income | 1,037 | | 751 | | | 2,056 | | 902 | | Net current-period other comprehensive income (loss) | 345 | | 551 | | | 4,494 | | (2,571) | | Accumulated other comprehensive income (loss) balance, end of period | $ | 1,393 | | $ | (3,894) | | | $ | 1,393 | | $ | (3,894) | | Foreign currency translation adjustment: | | | | | | Accumulated other comprehensive income (loss) balance, beginning of period | $ | 3,115 | | $ | (9,695) | | | $ | 604 | | $ | (3,967) | | Translation adjustments | 1,783 | | (887) | | | 4,294 | | (6,615) | | Accumulated other comprehensive income (loss) balance, end of period | 4,898 | | (10,582) | | | 4,898 | | (10,582) | | Accumulated other comprehensive income (loss), end of period | $ | 6,291 | | $ | (14,476) | | | $ | 6,291 | | $ | (14,476) | |
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