Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

v3.20.2
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership
6 Months Ended
Jun. 30, 2020
Tanger Properties Limited Partnership [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Accumulated Other Comprehensive Income (Loss) of the Operating Partnership Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

The following table presents changes in the balances of each component of accumulated comprehensive loss for the three and six months ended June 30, 2020 (in thousands):
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2020
 
$
(34,196
)
 
$
(6,101
)
 
$
(40,297
)
Other comprehensive income (loss) before reclassifications
 
3,357

 
(1,648
)
 
1,709

Reclassification out of accumulated other comprehensive income (loss) into interest expense for cash flow hedges
 

 
1,150

 
1,150

Balance June 30, 2020
 
$
(30,839
)
 
$
(6,599
)
 
$
(37,438
)
 
 
 
 
 
 
 
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2019
 
$
(26,463
)
 
$
(425
)
 
$
(26,888
)
Other comprehensive loss before reclassifications
 
(4,376
)
 
(7,322
)
 
(11,698
)
Reclassification out of accumulated other comprehensive income (loss) into interest expense
 

 
1,148

 
1,148

Balance June 30, 2020
 
$
(30,839
)
 
$
(6,599
)
 
$
(37,438
)

The following table presents changes in the balances of each component of accumulated comprehensive income (loss) for the three and six months ended June 30, 2019 (in thousands):
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2019
 
$
(32,431
)
 
$
3,797

 
$
(28,634
)
Other comprehensive income (loss) before reclassifications
 
1,805

 
(2,826
)
 
(1,021
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,638

 
(787
)
 
2,851

Balance June 30, 2019
 
$
(26,988
)
 
$
184

 
$
(26,804
)
 
 
 
 
 
 
 
 
 
Foreign Currency
 
Cash flow hedges
 
Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2018
 
$
(34,380
)
 
$
5,749

 
$
(28,631
)
Other comprehensive income (loss) before reclassifications
 
3,754

 
(4,054
)
 
(300
)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 
3,638

 
(1,511
)
 
2,127

Balance June 30, 2019
 
$
(26,988
)
 
$
184

 
$
(26,804
)


We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.6 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of June 30, 2020.