Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Company

v3.20.2
Accumulated Other Comprehensive Income (Loss) of the Company
6 Months Ended
Jun. 30, 2020
Tanger Factory Outlet Centers, Inc. [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
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 loss for the three and six months ended June 30, 2020 (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 March 31, 2020
 
$
(32,437
)
 
$
(5,791
)
 
$
(38,228
)
 
$
(1,759
)
 
$
(310
)
 
$
(2,069
)
Other comprehensive income (loss) before reclassifications
 
3,188

 
(1,565
)
 
1,623

 
169

 
(83
)
 
86

Reclassification out of accumulated other comprehensive income (loss) into interest expense for cash flow hedges
 

 
1,092

 
1,092

 

 
58

 
58

Balance June 30, 2020
 
$
(29,249
)
 
$
(6,264
)
 
$
(35,513
)
 
$
(1,590
)
 
$
(335
)
 
$
(1,925
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2019
 
$
(25,094
)
 
$
(401
)
 
$
(25,495
)
 
$
(1,369
)
 
$
(24
)
 
$
(1,393
)
Other comprehensive loss before reclassifications
 
(4,155
)
 
(6,953
)
 
(11,108
)
 
(221
)
 
(369
)
 
(590
)
Reclassification out of accumulated other comprehensive income (loss) into interest expense
 

 
1,090

 
1,090

 

 
58

 
58

Balance June 30, 2020
 
$
(29,249
)
 
$
(6,264
)
 
$
(35,513
)
 
$
(1,590
)
 
$
(335
)
 
$
(1,925
)

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three and six months ended June 30, 2019 (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 March 31, 2019
 
$
(30,759
)
 
$
3,606

 
$
(27,153
)
 
$
(1,672
)
 
$
191

 
$
(1,481
)
Other comprehensive income (loss) before reclassifications
 
1,714

 
(2,683
)
 
(969
)
 
91

 
(143
)
 
(52
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,454

 
(747
)
 
2,707

 
184

 
(40
)
 
144

Balance June 30, 2019
 
$
(25,591
)
 
$
176

 
$
(25,415
)
 
$
(1,397
)
 
$
8

 
$
(1,389
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2018
 
$
(32,610
)
 
$
5,459

 
$
(27,151
)
 
$
(1,770
)
 
$
290

 
$
(1,480
)
Other comprehensive income (loss) before reclassifications
 
3,565

 
(3,849
)
 
(284
)
 
189

 
(205
)
 
(16
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,454

 
(1,434
)
 
2,020

 
184

 
(77
)
 
107

Balance June 30, 2019
 
$
(25,591
)
 
$
176

 
$
(25,415
)
 
$
(1,397
)
 
$
8

 
$
(1,389
)


We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.6 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of June 30, 2020.