Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Company

v3.21.2
Accumulated Other Comprehensive Income (Loss) of the Company
 9 Months Ended
Sep. 30, 2021
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 other comprehensive loss for the three and nine months ended September 30, 2021 (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 June 30, 2021 $ (17,685) $ (1,058) $ (18,743) $ (991) $ (66) $ (1,057)
Other comprehensive loss before reclassifications (2,047) (222) (2,269) (95) (11) (106)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges —  326  326  —  15  15 
Balance September 30, 2021 $ (19,732) $ (954) $ (20,686) $ (1,086) $ (62) $ (1,148)
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, 2020 $ (23,399) $ (3,186) $ (26,585) $ (1,281) $ (173) $ (1,454)
Other comprehensive income before reclassifications 204  1,200  1,404  28  60  88 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges 3,463  1,032  4,495  167  51  218 
Balance September 30, 2021 $ (19,732) $ (954) $ (20,686) $ (1,086) $ (62) $ (1,148)
The following table presents changes in the balances of each component of accumulated other comprehensive loss for the three and nine months ended September 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 June 30, 2020 $ (29,249) $ (6,264) $ (35,513) $ (1,590) $ (335) $ (1,925)
Other comprehensive income (loss) before reclassifications 1,776  (42) 1,734  94  (3) 91 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges —  1,432  1,432  —  76  76 
Balance September 30, 2020 $ (27,473) $ (4,874) $ (32,347) $ (1,496) $ (262) $ (1,758)
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 (2,379) (6,995) (9,374) (127) (372) (499)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges —  2,522  2,522  —  134  134 
Balance September 30, 2020
 $ (27,473) $ (4,874) $ (32,347) $ (1,496) $ (262) $ (1,758)

We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.2 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of September 30, 2021.