| 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.
|