Components of Other Comprehensive Income (Loss) |
| | | | | | | | | | | | Three Months Ended March 31, 2022 | | | Gross | | Tax Effect | | Net of Tax | Interest rate swap amounts reclassified into interest expense | | $ | 4,750 | | $ | (1,259) | | $ | 3,491 | Changes in fair value of interest rate swaps | | | 44,699 | | | (11,845) | | | 32,854 | Foreign currency translation adjustment | | | 34,429 | | | — | | | 34,429 | | | $ | 83,878 | | $ | (13,104) | | $ | 70,774 |
| | | | | | | | | | | | Three Months Ended March 31, 2021 | | | Gross | | Tax Effect | | Net of Tax | Interest rate swap amounts reclassified into interest expense | | $ | 4,796 | | $ | (1,271) | | $ | 3,525 | Changes in fair value of interest rate swaps | | | 20,739 | | | (5,496) | | | 15,243 | Foreign currency translation adjustment | | | 28,054 | | | — | | | 28,054 | | | $ | 53,589 | | $ | (6,767) | | $ | 46,822 |
|
Amounts Included in Accumulated Other Comprehensive Income (Loss) |
A rollforward of the amounts included in AOCIL, net of taxes, for the three months ended March 31, 2022 and 2021, is as follows: | | | | | | | | | | | | | | | Foreign | | Accumulated | | | | | | Currency | | Other | | | Interest | | Translation | | Comprehensive | | | Rate Swaps | | Adjustment | | Income (Loss) | Balance at December 31, 2021 | | $ | (37,544) | | $ | 77,128 | | $ | 39,584 | Amounts reclassified into earnings | | | 3,491 | | | — | | | 3,491 | Changes in fair value | | | 32,854 | | | — | | | 32,854 | Foreign currency translation adjustment | | | — | | | 34,429 | | | 34,429 | Balance at March 31, 2022 | | $ | (1,199) | | $ | 111,557 | | $ | 110,358 |
| | | | | | | | | | | | | | | Foreign | | Accumulated | | | | | | Currency | | Other | | | Interest | | Translation | | Comprehensive | | | Rate Swaps | | Adjustment | | Income (Loss) | Balance at December 31, 2020 | | $ | (69,596) | | $ | 68,945 | | $ | (651) | Amounts reclassified into earnings | | | 3,525 | | | — | | | 3,525 | Changes in fair value | | | 15,243 | | | — | | | 15,243 | Foreign currency translation adjustment | | | — | | | 28,054 | | | 28,054 | Balance at March 31, 2021 | | $ | (50,828) | | $ | 96,999 | | $ | 46,171 |
|