Accumulated Other Comprehensive Loss of the Operating Partnership

12 Months Ended

Dec. 31, 2022

Tanger Properties Limited Partnership [Member]

Accumulated Other Comprehensive Loss of the Operating Partnership

Accumulated Other Comprehensive Loss of the Operating Partnership

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020 (in thousands):

	Foreign currency		Cash flow hedges		Accumulated other comprehensive income (loss)
Balance December 31, 2019	$	(26,463)	$	(425)	$	(26,888)
Other comprehensive income (loss) before reclassifications	1,783		(7,108)		(5,325)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		4,174		4,174
Balance December 31, 2020	(24,680)		(3,359)		(28,039)
Other comprehensive income (loss) before reclassifications	253		3,955		4,208
Reclassification out of accumulated other comprehensive income (loss) into interest expense	3,630		1,428		5,058
Balance December 31, 2021	(20,797)		2,024		(18,773)
Other comprehensive income (loss) before reclassifications	(5,070)		15,722		10,652
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		(3,629)		(3,629)
Balance December 31, 2022	$	(25,867)	$	14,117	$	(11,750)

We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $12.2 million of the amounts recorded within accumulated other comprehensive income (loss) related to the interest rate swap agreements in effect and as of December 31, 2022.