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, 2020, 2019, and 2018 (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, 2017 |
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$ |
(24,360) |
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$ |
5,075 |
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$ |
(19,285) |
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$ |
(1,329) |
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$ |
269 |
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$ |
(1,060) |
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Other comprehensive income (loss) before reclassifications |
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(8,250) |
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2,335 |
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(5,915) |
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(441) |
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126 |
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(315) |
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Reclassification out of accumulated other comprehensive income into interest expense |
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— |
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(1,951) |
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(1,951) |
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— |
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(105) |
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(105) |
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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 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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