Accumulated Other Comprehensive Income (Loss) of the Company

6 Months Ended

Jun. 30, 2022

Statement of Comprehensive Income [Abstract]

Accumulated Other Comprehensive Income (Loss) of the Company

The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2022 (in thousands):



	Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss)						Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
	Foreign Currency		Cash flow hedges		Total		Foreign Currency		Cash flow hedges		Total
Balance March 31, 2022	$	(18,541)	$	9,289	$	(9,252)	$	(1,030)	$	409	$	(621)
Other comprehensive income (loss) before reclassifications	(2,334)		1,885		(449)		(107)		86		(21)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		281		281		—		13		13
Balance June 30, 2022	$	(20,875)	$	11,455	$	(9,420)	$	(1,137)	$	508	$	(629)


	Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss)						Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
	Foreign Currency		Cash flow hedges		Total		Foreign Currency		Cash flow hedges		Total
Balance December 31, 2021	$	(19,713)	$	1,952	$	(17,761)	$	(1,084)	$	72	$	(1,012)
Other comprehensive income (loss) before reclassifications	(1,162)		8,941		7,779		(53)		410		357
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		562		562		—		26		26
Balance June 30, 2022	$	(20,875)	$	11,455	$	(9,420)	$	(1,137)	$	508	$	(629)

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):



	Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss)						Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
	Foreign Currency		Cash flow hedges		Total		Foreign Currency		Cash flow hedges		Total
Balance March 31, 2021	$	(18,984)	$	(1,284)	$	(20,268)	$	(1,057)	$	(77)	$	(1,134)
Other comprehensive income (loss) before reclassifications	1,299		(86)		1,213		66		(5)		61
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		312		312		—		16		16
Balance June 30, 2021	$	(17,685)	$	(1,058)	$	(18,743)	$	(991)	$	(66)	$	(1,057)


	Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss)						Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss)
	Foreign Currency		Cash flow hedges		Total		Foreign Currency		Cash flow hedges		Total
Balance December 31, 2020	$	(23,399)	$	(3,186)	$	(26,585)	$	(1,281)	$	(173)	$	(1,454)
Other comprehensive income before reclassifications	2,251		1,422		3,673		123		71		194
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	3,463		706		4,169		167		36		203
Balance June 30, 2021	$	(17,685)	$	(1,058)	$	(18,743)	$	(991)	$	(66)	$	(1,057)

We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $7.0 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of June 30, 2022.

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2022 (in thousands):


	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2022	$	(19,571)	$	9,698	$	(9,873)
Other comprehensive income (loss) before reclassifications	(2,441)		1,971		(470)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		294		294
Balance June 30, 2022	$	(22,012)	$	11,963	$	(10,049)

	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2021	$	(20,797)	$	2,024	$	(18,773)
Other comprehensive income (loss)before reclassifications	(1,215)		9,351		8,136
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		588		588
Balance June 30, 2022	$	(22,012)	$	11,963	$	(10,049)

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 other income (expense) for foreign currency and 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)