Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

6 Months Ended

Jun. 30, 2021

Tanger Properties Limited Partnership [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

The following table presents changes in the balances of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2021 (in thousands):

	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2021	$	(20,041)	$	(1,361)	$	(21,402)
Other comprehensive income (loss) before reclassifications	1,365		(91)		1,274
Reclassification out of accumulated other comprehensive income (loss) into interest expense for cash flow hedges	—		328		328
Balance June 30, 2021	$	(18,676)	$	(1,124)	$	(19,800)
	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2020	$	(24,680)	$	(3,359)	$	(28,039)
Other comprehensive income before reclassifications	2,374		1,493		3,867
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	3,630		742		4,372
Balance June 30, 2021	$	(18,676)	$	(1,124)	$	(19,800)

The following table presents changes in the balances of each component of accumulated other comprehensive loss for the three and six months ended June 30, 2020 (in thousands):

	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2020	$	(34,196)	$	(6,101)	$	(40,297)
Other comprehensive income (loss) before reclassifications	3,357		(1,648)		1,709
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for interest expense for cash flow hedges	—		1,150		1,150
Balance June 30, 2020	$	(30,839)	$	(6,599)	$	(37,438)
	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2019	$	(26,463)	$	(425)	$	(26,888)
Other comprehensive loss before reclassifications	(4,376)		(7,322)		(11,698)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for interest expense for cash flow hedges	—		1,148		1,148
Balance June 30, 2020	$	(30,839)	$	(6,599)	$	(37,438)

We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.1 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of June 30, 2021.