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, 2022, 2021 and 2020 (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, 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 other income (expense) for foreign currency and interest expense for cash flow hedges |
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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 interest expense |
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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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Other comprehensive income (loss) before reclassifications |
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(4,803) |
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14,997 |
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10,194 |
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(267) |
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725 |
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458 |
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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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— |
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(3,470) |
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(3,470) |
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— |
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(159) |
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(159) |
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Balance December 31, 2022 |
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$ |
(24,516) |
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$ |
13,479 |
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$ |
(11,037) |
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$ |
(1,351) |
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$ |
638 |
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$ |
(713) |
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