Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Loss of the Operating Partnership

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Accumulated Other Comprehensive Loss of the Operating Partnership
 12 Months Ended
Dec. 31, 2023
Tanger Properties Limited Partnership [Member]  
Accumulated Other Comprehensive Loss of the Operating Partnership Accumulated Other Comprehensive Loss of the Operating Partnership
The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the years ended December 31, 2023, 2022 and 2021 (in thousands):
Foreign currency Cash flow hedges Accumulated other comprehensive income (loss)
Balance December 31, 2020 $ (24,680) $ (3,359) $ (28,039)
Other comprehensive income (loss) before reclassifications 253  3,955  4,208 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges 3,630  1,428  5,058 
Balance December 31, 2021 (20,797) 2,024  (18,773)
Other comprehensive income (loss) before reclassifications (5,070) 15,722  10,652 
Reclassification out of accumulated other comprehensive income (loss) into interest expense —  (3,629) (3,629)
Balance December 31, 2022 (25,867) 14,117  (11,750)
Other comprehensive income (loss) before reclassifications 1,491  —  1,491 
Reclassification out of accumulated other comprehensive income (loss) into interest expense
 —  (14,534) (14,534)
Balance December 31, 2023 $ (24,376) $ (417) $ (24,793)

We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $3.1 million of the amounts recorded within accumulated other comprehensive income (loss) related to the interest rate swap agreements in effect and as of December 31, 2023.