Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

The following tables summarize changes in AOCI by component, all of which are presented net of tax:



















thousands
Balance as of December 31, 2021	$	(14,457)
Other comprehensive income (loss) before reclassifications	11,742
(Gain) loss reclassified from accumulated other comprehensive loss to net income	3,335
Reclassification of the Company's share of previously deferred derivative gains to net income (a)	(6,723)
Net current-period other comprehensive loss	8,354
Balance as of March 31, 2022	$	(6,103)

Balance as of December 31, 2020	$	(38,590)
Other comprehensive income (loss) before reclassifications	3,383
(Gain) loss reclassified from accumulated other comprehensive loss to net income	2,973
Share of investee's other comprehensive income	1,217
Net current-period other comprehensive loss	7,573
Balance as of March 31, 2021	$	(31,017)

(a)In March 2022, the Company completed the sale of its ownership interest in 110 North Wacker and released a net of $6.7 million from Accumulated other comprehensive income (loss), representing the Company’s $8.6 million share of previously deferred gains associated with the Venture’s derivative instruments net of tax expense of $1.9 million. See Note 2 - Investment in Real Estate and Other Affiliates for additional information.

Summary of the amounts reclassified out of AOCI

The following table summarizes the amounts reclassified out of AOCI:


Accumulated Other Comprehensive Income (Loss) Components	Amounts reclassified from Accumulated other comprehensive income (loss)
	Three Months Ended March 31,				Affected line items in the Statements of Operations
thousands	2022		2021
(Gains) losses on cash flow hedges	$	4,331	$	3,801		Interest expense
Company's share of previously deferred derivative gains	(8,636)		—			Equity in earnings (losses) from real estate and other affiliates
Income tax expense (benefit)	917		(828)			Income tax expense (benefit)
Total reclassifications of (income) loss, net of tax	$	(3,388)	$	2,973