| Accumulated Other Comprehensive Income (Loss) of the Company |
Accumulated Other Comprehensive Income (Loss) of the Company
The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three months ended March 31, 2019 (in thousands):
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Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
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|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2018 |
|
$ |
(32,610 |
) |
|
$ |
5,459 |
|
|
$ |
(27,151 |
) |
|
$ |
(1,770 |
) |
|
$ |
290 |
|
|
$ |
(1,480 |
) |
Other comprehensive income (loss) before reclassifications |
|
1,851 |
|
|
(1,166 |
) |
|
685 |
|
|
98 |
|
|
(62 |
) |
|
36 |
|
Reclassification out of accumulated other comprehensive income into interest expense |
|
— |
|
|
(687 |
) |
|
(687 |
) |
|
— |
|
|
(37 |
) |
|
(37 |
) |
Balance March 31, 2019 |
|
$ |
(30,759 |
) |
|
$ |
3,606 |
|
|
$ |
(27,153 |
) |
|
$ |
(1,672 |
) |
|
$ |
191 |
|
|
$ |
(1,481 |
) |
The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three months ended March 31, 2018 (in thousands):
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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, 2017 |
|
$ |
(24,360 |
) |
|
$ |
5,075 |
|
|
$ |
(19,285 |
) |
|
$ |
(1,329 |
) |
|
$ |
269 |
|
|
$ |
(1,060 |
) |
Other comprehensive income (loss) before reclassifications |
|
(2,938 |
) |
|
2,914 |
|
|
(24 |
) |
|
(157 |
) |
|
156 |
|
|
(1 |
) |
Reclassification out of accumulated other comprehensive income into interest expense |
|
— |
|
|
(314 |
) |
|
(314 |
) |
|
— |
|
|
(17 |
) |
|
(17 |
) |
Balance March 31, 2018 |
|
$ |
(27,298 |
) |
|
$ |
7,675 |
|
|
$ |
(19,623 |
) |
|
$ |
(1,486 |
) |
|
$ |
408 |
|
|
$ |
(1,078 |
) |
We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $2.4 million of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of March 31, 2019.
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