Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income (Loss)

12. Accumulated Other Comprehensive Income (Loss)

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

thousands
Balance as of June 30, 2022	$	2,362
Other comprehensive income (loss) before reclassifications	6,794
(Gain) loss reclassified from accumulated other comprehensive loss to net income	728
Net current-period other comprehensive income (loss)	7,522
Balance as of September 30, 2022	$	9,884
Balance as of June 30, 2021	$	(27,754)
Other comprehensive income (loss) before reclassifications	(201)
(Gain) loss reclassified from accumulated other comprehensive loss to net income	3,172
Share of investee's other comprehensive income	1,508
Net current-period other comprehensive income (loss)	4,479
Balance at September 30, 2021	$	(23,275)
thousands
Balance as of December 31, 2021	$	(14,457)
Other comprehensive income (loss) before reclassifications	24,355
(Gain) loss reclassified from accumulated other comprehensive loss to net income	6,709
Reclassification of the Company's share of previously deferred derivative gains to net income (a)	(6,723)
Net current-period other comprehensive Income (loss)	24,341
Balance at September 30, 2022	$	9,884
Balance at December 31, 2020	$	(38,590)
Other comprehensive income (loss) before reclassifications	2,046
(Gain) loss reclassified from accumulated other comprehensive loss to net income	9,186
Share of investee's other comprehensive income	4,083
Net current-period other comprehensive income (loss)	15,315
Balance at September 30, 2021	$	(23,275)

(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.

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 September 30,				Nine Months Ended September 30,				Affected line items in the Statements of Operations
thousands	2022		2021		2022		2021
(Gains) losses on cash flow hedges	$	946	$	4,060	$	8,714	$	11,749	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)	(218)		(888)		(92)		(2,563)		Income tax expense (benefit)
Total reclassifications of (income) loss, net of tax	$	728	$	3,172	$	(14)	$	9,186