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Shareholders' Equity
 9 Months Ended
Sep. 30, 2019
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Note 8 — Shareholders’ Equity
 
The components of accumulated other comprehensive loss (“accumulated OCI”) are as follows (in thousands):
 
September 30,
2019
 
December 31,
2018
 
 
 
 
Cumulative foreign currency translation adjustment
$
(74,419
)
 
$
(69,855
)
Net unrealized loss on hedges, net of tax (1)
(781
)
 
(4,109
)
Accumulated OCI
$
(75,200
)
 
$
(73,964
)
(1)
Relates to foreign currency hedges for the Grand Canyon II and Grand Canyon III charters as well as interest rate swap contracts for the Nordea Q5000 Loan (Note 17) and is net of deferred income taxes totaling $0.2 million at September 30, 2019 and $1.0 million at December 31, 2018.