Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

9 Months Ended

Sep. 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 nine months ended September 30, 2021 (in thousands):

	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance June 30, 2021	$	(18,676)	$	(1,124)	$	(19,800)
Other comprehensive loss before reclassifications	(2,142)		(233)		(2,375)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		341		341
Balance September 30, 2021	$	(20,818)	$	(1,016)	$	(21,834)
	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	232		1,260		1,492
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	3,630		1,083		4,713
Balance September 30, 2021	$	(20,818)	$	(1,016)	$	(21,834)

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

	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance June 30, 2020	$	(30,839)	$	(6,599)	$	(37,438)
Other comprehensive income (loss) before reclassifications	1,870		(45)		1,825
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		1,508		1,508
Balance September 30, 2020	$	(28,969)	$	(5,136)	$	(34,105)
	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2019	$	(26,463)	$	(425)	$	(26,888)
Other comprehensive loss before reclassifications	(2,506)		(7,367)		(9,873)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		2,656		2,656
Balance September 30, 2020	$	(28,969)	$	(5,136)	$	(34,105)

We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.2 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of September 30, 2021.