Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

v3.19.3
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership
9 Months Ended
Sep. 30, 2019
Tanger Properties Limited Partnership [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three and nine months ended September 30, 2019 (in thousands):
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance June 30, 2019
 
$
(26,988
)
 
$
184

 
$
(26,804
)
Other comprehensive income (loss) before reclassifications
 
(1,051
)
 
(472
)
 
(1,523
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 

 
(539
)
 
(539
)
Balance September 30, 2019
 
$
(28,039
)
 
$
(827
)
 
$
(28,866
)
 
 
 
 
 
 
 
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2018
 
$
(34,380
)
 
$
5,749

 
$
(28,631
)
Other comprehensive income (loss) before reclassifications
 
2,703

 
(4,526
)
 
(1,823
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,638

 
(2,050
)
 
1,588

Balance September 30, 2019
 
$
(28,039
)
 
$
(827
)
 
$
(28,866
)

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three and nine months ended September 30, 2018 (in thousands):
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance June 30, 2018
 
$
(30,786
)
 
$
8,927

 
$
(21,859
)
Other comprehensive income (loss) before reclassifications
 
1,921

 
1,067

 
2,988

Reclassification out of accumulated other comprehensive income (loss) into interest expense
 

 
(555
)
 
(555
)
Balance September 30, 2018
 
$
(28,865
)
 
$
9,439

 
$
(19,426
)
 
 
 
 
 
 
 
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2017
 
$
(25,689
)
 
$
5,344

 
$
(20,345
)
Other comprehensive income (loss) before reclassifications
 
(3,176
)
 
5,549

 
2,373

Reclassification out of accumulated other comprehensive income (loss) into interest expense
 

 
(1,454
)
 
(1,454
)
Balance September 30, 2018
 
$
(28,865
)
 
$
9,439

 
$
(19,426
)


We expect within the next twelve months to reclassify into earnings as a increase to interest expense approximately $198,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of September 30, 2019.