| Schedule of Accumulated Other Comprehensive Income (Loss) |
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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance March 31, 2020 |
|
$ |
(32,437 |
) |
|
$ |
(5,791 |
) |
|
$ |
(38,228 |
) |
|
$ |
(1,759 |
) |
|
$ |
(310 |
) |
|
$ |
(2,069 |
) |
Other comprehensive income (loss) before reclassifications |
|
3,188 |
|
|
(1,565 |
) |
|
1,623 |
|
|
169 |
|
|
(83 |
) |
|
86 |
|
Reclassification out of accumulated other comprehensive income (loss) into interest expense for cash flow hedges |
|
— |
|
|
1,092 |
|
|
1,092 |
|
|
— |
|
|
58 |
|
|
58 |
|
Balance June 30, 2020 |
|
$ |
(29,249 |
) |
|
$ |
(6,264 |
) |
|
$ |
(35,513 |
) |
|
$ |
(1,590 |
) |
|
$ |
(335 |
) |
|
$ |
(1,925 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2019 |
|
$ |
(25,094 |
) |
|
$ |
(401 |
) |
|
$ |
(25,495 |
) |
|
$ |
(1,369 |
) |
|
$ |
(24 |
) |
|
$ |
(1,393 |
) |
Other comprehensive loss before reclassifications |
|
(4,155 |
) |
|
(6,953 |
) |
|
(11,108 |
) |
|
(221 |
) |
|
(369 |
) |
|
(590 |
) |
Reclassification out of accumulated other comprehensive income (loss) into interest expense |
|
— |
|
|
1,090 |
|
|
1,090 |
|
|
— |
|
|
58 |
|
|
58 |
|
Balance June 30, 2020 |
|
$ |
(29,249 |
) |
|
$ |
(6,264 |
) |
|
$ |
(35,513 |
) |
|
$ |
(1,590 |
) |
|
$ |
(335 |
) |
|
$ |
(1,925 |
) |
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):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance March 31, 2019 |
|
$ |
(30,759 |
) |
|
$ |
3,606 |
|
|
$ |
(27,153 |
) |
|
$ |
(1,672 |
) |
|
$ |
191 |
|
|
$ |
(1,481 |
) |
Other comprehensive income (loss) before reclassifications |
|
1,714 |
|
|
(2,683 |
) |
|
(969 |
) |
|
91 |
|
|
(143 |
) |
|
(52 |
) |
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges |
|
3,454 |
|
|
(747 |
) |
|
2,707 |
|
|
184 |
|
|
(40 |
) |
|
144 |
|
Balance June 30, 2019 |
|
$ |
(25,591 |
) |
|
$ |
176 |
|
|
$ |
(25,415 |
) |
|
$ |
(1,397 |
) |
|
$ |
8 |
|
|
$ |
(1,389 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2018 |
|
$ |
(32,610 |
) |
|
$ |
5,459 |
|
|
$ |
(27,151 |
) |
|
$ |
(1,770 |
) |
|
$ |
290 |
|
|
$ |
(1,480 |
) |
Other comprehensive income (loss) before reclassifications |
|
3,565 |
|
|
(3,849 |
) |
|
(284 |
) |
|
189 |
|
|
(205 |
) |
|
(16 |
) |
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges |
|
3,454 |
|
|
(1,434 |
) |
|
2,020 |
|
|
184 |
|
|
(77 |
) |
|
107 |
|
Balance June 30, 2019 |
|
$ |
(25,591 |
) |
|
$ |
176 |
|
|
$ |
(25,415 |
) |
|
$ |
(1,397 |
) |
|
$ |
8 |
|
|
$ |
(1,389 |
) |
|