ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME |
15. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated Other Comprehensive (Loss) Income (“AOCI”) for the three months ended September 30, 2022 and 2021 is comprised of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | | Defined Benefit | | | | Tax Effect of | | Translation | | | | | | Plan Liability | | Cash Flow Hedges | | Cash Flow Hedges | | Adjustment | | Total | At June 30, 2022 | | $ | (863) | | $ | 4,928 | | $ | (1,173) | | $ | (17,341) | | $ | (14,449) | Unrealized gain (loss) on cash flow hedges | | | — | | | 2,916 | | | (700) | | | — | | | 2,216 | Amounts reclassified from AOCI | | | — | | | (229) | | | 55 | | | — | | | (174) | Foreign currency translation loss | | | — | | | — | | | — | | | (9,603) | | | (9,603) | At September 30, 2022 | | $ | (863) | | $ | 7,615 | | $ | (1,818) | | $ | (26,944) | | $ | (22,010) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | | Defined Benefit | | | | Tax Effect of | | Translation | | | | | | Plan Liability | | Cash Flow Hedges | | Cash Flow Hedges | | Adjustment | | Total | At June 30, 2021 | | $ | (1,633) | | $ | (886) | | $ | 212 | | $ | (3,268) | | $ | (5,575) | Unrealized gain (loss) on cash flow hedges | | | — | | | (34) | | | 8 | | | — | | | (26) | Amounts reclassified from AOCI | | | — | | | 237 | | | (56) | | | — | | | 181 | Foreign currency translation loss | | | — | | | — | | | — | | | (2,528) | | | (2,528) | At September 30, 2021 | | $ | (1,633) | | $ | (683) | | $ | 164 | | $ | (5,796) | | $ | (7,948) |
AOCI for the nine months ended September 30, 2022 and 2021 is comprised of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | | Defined Benefit | | | | Tax Effect of | | Translation | | | | | | Plan Liability | | Cash Flow Hedges | | Cash Flow Hedges | | Adjustment | | Total | At December 31, 2021 | | $ | (863) | | $ | 221 | | $ | (41) | | $ | (7,409) | | $ | (8,092) | Unrealized gain (loss) on cash flow hedges | | | — | | | 7,335 | | | (1,762) | | | — | | | 5,573 | Amounts reclassified from AOCI | | | — | | | 59 | | | (15) | | | — | | | 44 | Foreign currency translation loss | | | — | | | — | | | — | | | (19,535) | | | (19,535) | At September 30, 2022 | | $ | (863) | | $ | 7,615 | | $ | (1,818) | | $ | (26,944) | | $ | (22,010) |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Foreign Currency | | | | | | Defined Benefit | | | | Tax Effect of | | Translation | | | | | | Plan Liability | | Cash Flow Hedges | | Cash Flow Hedges | | Adjustment | | Total | At December 31, 2020 | | $ | (1,633) | | $ | (1,889) | | $ | 451 | | $ | (216) | | $ | (3,287) | Unrealized gain (loss) on cash flow hedges | | | — | | | 513 | | | (121) | | | — | | | 392 | Amounts reclassified from AOCI | | | — | | | 693 | | | (166) | | | — | | | 527 | Foreign currency translation gain | | | — | | | — | | | — | | | (5,580) | | | (5,580) | At September 30, 2021 | | $ | (1,633) | | $ | (683) | | $ | 164 | | $ | (5,796) | | $ | (7,948) |
The realized losses relating to the Company’s interest rate swap hedges were reclassified from AOCI and included in interest expense in the condensed consolidated statements of income and comprehensive (loss) income.
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