Components of Accumulated Other Comprehensive Loss |
The components of accumulated other comprehensive loss, net of related taxes, in the condensed consolidated balance sheets follow:
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March 31,
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December 31,
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2019
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2018
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Unrealized losses on derivative instruments
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$
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(24,698)
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$
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(21,520)
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Items not yet recognized as a component of net periodic benefit cost (pension plans)
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(8,608)
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(8,409)
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$
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(33,306)
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$
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(29,929)
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The changes in the balances of each component of accumulated other comprehensive loss, net of related taxes, during the three months ended March 31, 2019 and 2018 follow:
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Unrealized losses on cash flow hedges
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Items not yet recognized as a component of net periodic benefit cost (pension plans)
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Total
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Balance as of December 31, 2018
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$
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(21,520)
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$
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(8,409)
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$
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(29,929)
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Current period change, excluding amounts reclassified
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from accumulated other comprehensive loss
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(4,999)
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(199)
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(5,198)
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Amounts reclassified from accumulated other
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comprehensive loss
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1,821
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-
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1,821
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Total change in accumulated other comprehensive loss
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(3,178)
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(199)
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(3,377)
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Balance as of March 31, 2019
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$
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(24,698)
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$
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(8,608)
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$
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(33,306)
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Balance as of December 31, 2017
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$
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(28,989)
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$
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(11,418)
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$
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(40,407)
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Current period change, excluding amounts reclassified
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from accumulated other comprehensive loss
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4,866
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(429)
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4,437
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Amounts reclassified from accumulated other
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comprehensive loss
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2,604
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-
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2,604
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Total change in accumulated other comprehensive loss
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7,470
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(429)
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7,041
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Balance as of March 31, 2018
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$
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(21,519)
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$
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(11,847)
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$
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(33,366)
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Reclassification Out of Accumulated Other Comprehensive Income (Loss) |
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Amounts reclassified out of each component of accumulated other comprehensive loss follow:
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Three Months Ended
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March 31,
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Accumulated Other Comprehensive Loss Component
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2019
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2018
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Statement of Operations Line Item
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Unrealized losses on cash flow hedges:
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Interest rate swaps entered into by the Company's
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Equity in income of
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equity method joint venture investees
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$
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1,640
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$
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2,604
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affiliated companies
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Interest rate swaps entered into by the
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Company's subsidiaries
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140
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-
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Interest expense
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Interest rate caps entered into by the
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Company's subsidiaries
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41
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-
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Interest expense
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$
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1,821
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$
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2,604
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Total before and after tax
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