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Other Comprehensive Income (Loss) (Tables)
3 Months Ended
Mar. 31, 2022
Other Comprehensive Income (Loss) [Abstract]  
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