Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

The table below presents the components of our Accumulated other comprehensive loss balance (in thousands):


	June 30,				December 31,
	2021		2020		2020
Foreign currency translation adjustments	$	(4,882)	$	(13,423)	$	(4,917)
Unrealized losses on interest rate swaps, net of tax	(2,123)		(11,309)		(9,102)
Accumulated other comprehensive loss	$	(7,005)	$	(24,732)	$	(14,019)

The following table summarizes the recent accounting pronouncements that we plan to adopt in future periods:


Standard	Description	Effective Date	Effect on Financial Statements and Other Significant Matters
ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting and ASU 2021-01, Reference Rate Reform (Topic 848): Scope	Provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. The new guidance provides optional expedients and exceptions for applying generally accepted accounting principles to transactions affected by reference rate reform if certain criteria are met. These transactions include: contract modifications, hedging relationships, and sale or transfer of debt securities classified as held-to-maturity. Entities may apply the provisions of the new standard as of the beginning of the reporting period when the election is made. In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope. The amendments in this ASU refine the scope of ASC 848 and clarify some of its guidance as it relates to recent rate reform activities.	The provisions of these updates are only available until December 31, 2022, when the reference rate replacement activity is expected to be completed.	We are currently evaluating the effect these standards will have on our financial position, results of operations and related disclosures.