Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

v3.20.1
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership
 3 Months Ended
Mar. 31, 2020
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 loss for the three months ended March 31, 2020 (in thousands):
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2019
 
$
(26,463
)
 
$
(425
)
 
$
(26,888
)
Other comprehensive loss before reclassifications
 
(7,733
)
 
(5,674
)
 
(13,407
)
Reclassification out of accumulated other comprehensive income (loss) into interest expense
 
—

 
(2
)
 
(2
)
Balance March 31, 2020
 
$
(34,196
)
 
$
(6,101
)
 
$
(40,297
)

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):
 
 
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
 
1,949

 
(1,228
)
 
721

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

 
(724
)
 
(724
)
Balance March 31, 2019
 
$
(32,431
)
 
$
3,797

 
$
(28,634
)


We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $3.2 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of March 31, 2020.