Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2024


11. Accumulated Other Comprehensive Income (Loss)

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


thousands
Balance at March 31, 2024	$	3,897
Derivative instruments:
Other comprehensive income (loss) before reclassifications	1,236
(Gain) loss reclassified from accumulated other comprehensive income (loss) to net income	(1,198)


Net current-period other comprehensive income (loss)	38
Balance at June 30, 2024	$	3,935

Balance at March 31, 2023	$	5,005
Derivative instruments:
Other comprehensive income (loss) before reclassifications	6,286
(Gain) loss reclassified from accumulated other comprehensive income (loss) to net income	(3,538)

Net current-period other comprehensive income (loss)	2,748
Balance at June 30, 2023	$	7,753


thousands
Balance at December 31, 2023	$	1,272
Derivative instruments:
Other comprehensive income (loss) before reclassifications	5,066
(Gain) loss reclassified to net income	(2,403)


Net current-period other comprehensive Income (loss)	2,663
Balance at June 30, 2024	$	3,935

Balance at December 31, 2022	$	10,335
Derivative instruments:
Other comprehensive income (loss) before reclassifications	3,635
(Gain) loss reclassified to net income	(6,217)


Net current-period other comprehensive income (loss)	(2,582)
Balance at June 30, 2023	$	7,753

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 June 30,				Six Months Ended June 30,				Affected line items in the Statements of Operations
thousands	2024		2023		2024		2023
(Gains) losses on cash flow hedges	$	(1,553)	$	(4,572)	$	(3,114)	$	(8,034)	Interest expense

Income tax expense (benefit)	355		1,034		711		1,817		Income tax expense (benefit)
Total reclassifications of (income) loss, net of tax	$	(1,198)	$	(3,538)	$	(2,403)	$	(6,217)