Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Loss of the Company

v3.19.3.a.u2
Accumulated Other Comprehensive Loss of the Company
 12 Months Ended
Dec. 31, 2019
Tanger Factory Outlet Centers, Inc. [Member]  
Accumulated Other Comprehensive Loss of the Company Accumulated Other Comprehensive Loss of the Company

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the years ended December 31, 2019, 2018, and 2017 (in thousands):
 
 
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, 2016
 
$
(32,087
)
 
$
3,792

 
$
(28,295
)
 
$
(1,740
)
 
$
201

 
$
(1,539
)
Other comprehensive income before reclassifications
 
7,727

 
1,020

 
8,747

 
411

 
55

 
466

Reclassification out of accumulated other comprehensive income into interest expense
 
—

 
263

 
263

 
—

 
13

 
13

Balance December 31, 2017
 
(24,360
)
 
5,075

 
(19,285
)
 
(1,329
)
 
269

 
(1,060
)
Other comprehensive income (loss) before reclassifications
 
(8,250
)
 
2,335

 
(5,915
)
 
(441
)
 
126

 
(315
)
Reclassification out of accumulated other comprehensive income into interest expense
 
—

 
(1,951
)
 
(1,951
)
 
—

 
(105
)
 
(105
)
Balance December 31, 2018
 
(32,610
)
 
5,459

 
(27,151
)
 
(1,770
)
 
290

 
(1,480
)
Other comprehensive income (loss) before reclassifications
 
4,062

 
(3,755
)
 
307

 
217

 
(202
)
 
15

Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,454

 
(2,105
)
 
1,349

 
184

 
(112
)
 
72

Balance December 31, 2019
 
$
(25,094
)
 
$
(401
)
 
$
(25,495
)
 
$
(1,369
)
 
$
(24
)
 
$
(1,393
)


We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $344,000 of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect and as of December 31, 2019.