Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

Summary of AOCI

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

thousands
Balance as of June 30, 2023	$	7,753
Derivative instruments:
Other comprehensive income (loss) before reclassifications	5,420
(Gain) loss reclassified from accumulated other comprehensive income (loss) to net income	(5,602)
Net current-period other comprehensive income (loss)	(182)
Balance as of September 30, 2023	$	7,571
Balance as of June 30, 2022	$	2,362
Derivative instruments:
Other comprehensive income (loss) before reclassifications	6,794
(Gain) loss reclassified from accumulated other comprehensive income (loss) to net income	728
Net current-period other comprehensive income (loss)	7,522
Balance at September 30, 2022	$	9,884
thousands
Balance as of December 31, 2022	$	10,335
Derivative instruments:
Other comprehensive income (loss) before reclassifications	9,055
(Gain) loss reclassified to net income	(11,819)
Net current-period other comprehensive Income (loss)	(2,764)
Balance at September 30, 2023	$	7,571
Balance at December 31, 2021	$	(14,457)
Derivative instruments:
Other comprehensive income (loss) before reclassifications	24,355
(Gain) loss reclassified 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

(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 - Investments in Unconsolidated Ventures 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 September 30,				Nine Months Ended September 30,				Affected line items in the Statements of Operations
thousands	2023		2022		2023		2022
(Gains) losses on cash flow hedges	$	(7,240)	$	946	$	(15,274)	$	8,714	Interest expense
Company's share of previously deferred derivative gains	—		—		—		(8,636)		Equity in earnings (losses) from unconsolidated ventures
Income tax expense (benefit)	1,638		(218)		3,455		(92)		Income tax expense (benefit)
Total reclassifications of (income) loss, net of tax	$	(5,602)	$	728	$	(11,819)	$	(14)