Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Loss

14. Accumulated Other Comprehensive Income

Following is a summary of the changes in the balances of accumulated other comprehensive (loss) income, which is presented net of tax:

	Unrealized		Unrealized
	(Loss) Gain on		(Loss) Gain on
	Available-for-		Cash Flow
	Sale Securities		Hedges		Total
Accumulated other comprehensive loss as of December 31, 2021	$	(7)	$	(382)	$	(389)
Other comprehensive (loss) income before reclassifications		(175)		4,272		4,097
Amounts reclassified from accumulated other comprehensive (loss) income		—		105		105
Other comprehensive (loss) income		(175)		4,377		4,202
Less: Other comprehensive income attributable to non-controlling interest		—		(1,383)		(1,383)
Accumulated other comprehensive (loss) income as of December 31, 2022	$	(182)	$	2,612	$	2,430
Other comprehensive income before reclassifications		182		266		448
Amounts reclassified from accumulated other comprehensive (loss) income		—		(1,442)		(1,442)
Other comprehensive income (loss)		182		(1,176)		(994)
Less: Other comprehensive loss attributable to non-controlling interest		—		407		407
Accumulated other comprehensive income as of December 31, 2023	$	—	$	1,843	$	1,843

Following is a summary of the tax effects allocated to other comprehensive (loss) income:

	Year Ended December 31, 2023
	Before-		Tax (Expense)		Net-of-
	Tax Amount		Benefit		Tax Amount
Unrealized gain on available-for-sale investments	$	244	$	(62)	$	182
Interest rate swaps		250		(44)		206
Interest rate swap - unconsolidated joint venture		80		(20)		60
Reclassification adjustment for net gain included in earnings		(1,767)		325		(1,442)
Net unrealized loss		(1,193)		199		(994)
Other comprehensive loss	$	(1,193)	$	199	$	(994)

	Year Ended December 31, 2022
	Before-		Tax Benefit		Net-of-
	Tax Amount		(Expense)		Tax Amount
Unrealized loss on available-for-sale investments	$	(235)	$	60	$	(175)
Interest rate swaps		4,633		(825)		3,808
Interest rate swap - unconsolidated joint venture		621		(157)		464
Reclassification adjustment for net loss included in earnings		140		(35)		105
Net unrealized gain		5,159		(957)		4,202
Other comprehensive income	$	5,159	$	(957)	$	4,202