Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

Components of comprehensive income (loss) are net income (loss) and all changes in equity during a period except those resulting from transactions with owners. Our accumulated other comprehensive income (loss) consists of changes in the fair value of our interest rate swap derivative instruments, net of tax, which are designated as cash flow hedges.

The following table presents the changes in accumulated other comprehensive income (loss) of our derivative cash flow hedges, net of tax, during the three and six months ended June 30, 2020 and 2019 (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Beginning accumulated other comprehensive income (loss)	$	(7,173)	$	2,548	$	(1,387)	$	5,773
Loss recognized in other comprehensive income (loss), net of tax benefit of $155, $0, $1,745 and $0, respectively (1)		(583)		(4,529)		(6,566)		(6,828)
(Gain) loss reclassified from accumulated other comprehensive income (loss) to interest expense, net of tax benefit of $225, $0, $277 and $0, respectively (1)		848		(791)		1,045		(1,717)
Other comprehensive income (loss)		265		(5,320)		(5,521)		(8,545)
Ending accumulated other comprehensive loss	$	(6,908)	$	(2,772)	$	(6,908)	$	(2,772)

(1) Includes adjustments of $1.1 million and $1.8 million related to an increase in the valuation allowance recorded to offset the tax effect of other comprehensive loss recorded during the three and six months ended June 30, 2019, respectively.

See Note 17 (“Derivatives”) for further details on our interest rate swap derivative instruments.