Schedule of Accumulated Other Comprehensive Income (Loss) |
The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 (in thousands):
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Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
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Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive (Income) Loss |
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Foreign currency |
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Cash flow hedges |
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Total |
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Foreign currency |
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Cash flow hedges |
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Total |
Balance December 31, 2018 |
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$ |
(32,610) |
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$ |
5,459 |
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$ |
(27,151) |
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$ |
(1,770) |
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$ |
290 |
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$ |
(1,480) |
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Other comprehensive income (loss) before reclassifications |
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4,062 |
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(3,755) |
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307 |
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217 |
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(202) |
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15 |
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Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges |
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3,454 |
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(2,105) |
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1,349 |
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184 |
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(112) |
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72 |
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Balance December 31, 2019 |
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(25,094) |
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(401) |
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(25,495) |
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(1,369) |
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(24) |
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(1,393) |
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Other comprehensive income (loss) before reclassifications |
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1,695 |
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(6,749) |
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(5,054) |
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88 |
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(359) |
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(271) |
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Reclassification out of accumulated other comprehensive income (loss) into interest expense |
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— |
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3,964 |
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3,964 |
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— |
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210 |
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210 |
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Balance December 31, 2020 |
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(23,399) |
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(3,186) |
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(26,585) |
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(1,281) |
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(173) |
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(1,454) |
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Other comprehensive income (loss) before reclassifications |
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223 |
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3,776 |
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3,999 |
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30 |
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179 |
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209 |
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Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges |
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3,463 |
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1,362 |
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4,825 |
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167 |
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66 |
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233 |
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Balance December 31, 2021 |
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$ |
(19,713) |
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$ |
1,952 |
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$ |
(17,761) |
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$ |
(1,084) |
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$ |
72 |
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$ |
(1,012) |
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