STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Changes in AOCI by Component

Changes in AOCI by component, net of tax, for the six months ended June 30, 2022 are summarized as follows (in thousands):

	Foreign Currency Translation		Derivative Instruments		Total
Balances at December 31, 2021	$	(1,989)	$	2,848	$	859
Net unrealized gains (losses) arising during the period(a)	243		17,555		17,798
Less: Net realized gains (losses) reclassified to net income(b)	—		3,970		3,970
Net change during the period	243		13,585		13,828
Balances at March 31, 2022	(1,746)		16,433		14,687
Net unrealized gains (losses) arising during the period(c)	(303)		(14,165)		(14,468)
Less: Net realized gains (losses) reclassified to net income(d)	—		5,445		5,445
Net change during the period	(303)		(19,610)		(19,913)
Balances at June 30, 2022	$	(2,049)	$	(3,177)	$	(5,226)

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(a) Derivative instruments net of $5.9 million of tax liability for the three months ended March 31, 2022.

(b) Derivative instruments net of $1.3 million of tax liability for the three months ended March 31, 2022.

(c) Derivative instruments net of $4.7 million of tax benefit for the three months ended June 30, 2022.

(d) Derivative instruments net of $1.8 million of tax liability for the three months ended June 30, 2022.

Changes in AOCI by component, net of tax, for the six months ended June 30, 2021 are summarized as follows (in thousands):

	Foreign Currency Translation		Derivative Instruments		Total
Balances at December 31, 2020	$	(2,182)	$	9,815	$	7,633
Net unrealized gains (losses) arising during the period(e)	(303)		15,305		15,002
Less: Net realized gains (losses) reclassified to net loss(f)	—		775		775
Net change during the period	(303)		14,530		14,227
Balances at March 31, 2021	(2,485)		24,345		21,860
Net unrealized gains (losses) arising during the period(g)	667		14,895		15,562
Less: Net realized gains (losses) reclassified to net income(h)	—		6,264		6,264
Net change during the period	667		8,631		9,298
Balances at June 30, 2021	$	(1,818)	$	32,976	$	31,158

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(e) Derivative instruments net of $5.2 million of tax liability for the three months ended March 31, 2021.

(f) Derivative instruments net of $0.3 million of tax liability for the three months ended March 31, 2021.

(g) Derivative instruments net of $5.0 million of tax liability for the three months ended June 30, 2021.

(h) Derivative instruments net of $2.1 million of tax liability for the three months ended June 30, 2021.