Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income of the Company

v2.4.0.8
Accumulated Other Comprehensive Income of the Company (Tanger Factory Outlet Centers, Inc [Member])
 6 Months Ended
Jun. 30, 2013
Tanger Factory Outlet Centers, Inc [Member]
  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Accumulated Other Comprehensive Income of the Company
Accumulated Other Comprehensive Income of the Company

The following table summarizes the changes in accumulated balances of other comprehensive income for the three and six months ended June 30, 2013 and 2012, respectively (in thousands):
 
 
Three months ended
 
Six months ended
 
 
June 30,
 
June 30,
 
 
2013
 
2012
 
2013
 
2012
Cash flow hedges:
 
 
 
 
 
 
 
 
Beginning balance
 
$
1,119

 
$
1,456

 
$
1,205

 
$
1,535

Amortization of cash flow hedges (1)
 
(88
)
 
(82
)
 
(174
)
 
(161
)
Ending balance
 
$
1,031

 
$
1,374

 
$
1,031

 
$
1,374

Foreign currency items:
 
 
 
 
 
 
 
 
Beginning balance
 
$
60

 
$
(7
)
 
$
(5
)
 
$
—

Unrealized gains/(losses) on foreign currency translation adjustments
 
129

 
38

 
194

 
31

Realized loss on foreign currency (2)
 
123

 
—

 
123

 
—

Ending balance
 
$
312

 
$
31

 
$
312

 
$
31

Total accumulated other comprehensive income
 
$
1,343

 
$
1,405

 
$
1,343

 
$
1,405

(1)
Represents remaining amount of gain recorded to other comprehensive income in 2005 as a result of the settlement of a US Treasury index rate lock agreement. This agreement was unwound in the fourth quarter of 2005. The gain is being amortized into earnings through interest expense using the effective interest method over a 10 year period that coincides with the interest payments associated with the 6.15% senior unsecured notes due in 2015.
(2)
Represents foreign currency loss realized from the settlement of debt and which was recognized in interest expense.