Accumulated Other Comprehensive Income (Loss) of the Company

3 Months Ended

Mar. 31, 2023

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 months ended March 31, 2023 and for three months ended March 31, 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 December 31, 2022	$	(24,516)	$	13,479	$	(11,037)	$	(1,351)	$	638	$	(713)
Other comprehensive income (loss) before reclassifications	155		—		155		9		—		9
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		(3,277)		(3,277)		—		(149)		(149)
Balance March 31, 2023	$	(24,361)	$	10,202	$	(14,159)	$	(1,342)	$	489	$	(853)


	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	1,172		7,056		8,228		54		324		378
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 March 31, 2022	$	(18,541)	$	9,289	$	(9,252)	$	(1,030)	$	409	$	(621)

We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $10.9 million of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of March 31, 2023.

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 months ended March 31, 2023 (in thousands):








	Foreign Currency		Cash flow hedges		Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2022	$	(25,867)	$	14,117	$	(11,750)
Other comprehensive income (loss) before reclassifications	164		—		164
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges	—		(3,426)		(3,426)
Balance March 31, 2023	$	(25,703)	$	10,691	$	(15,012)

The following table presents changes in the balances of each component of accumulated other comprehensive loss for the three months ended March 31, 2022 (in thousands):









Balance December 31, 2021	$	(20,797)	$	2,024	$	(18,773)
Other comprehensive income before reclassifications	1,226		7,380		8,606
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 March 31, 2022	$	(19,571)	$	9,698	$	(9,873)