Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Company (Tables)

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Accumulated Other Comprehensive Income (Loss) of the Company (Tables)
 6 Months Ended
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023 (in thousands):

Tanger 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, 2024 $ (23,923) $ 2,643  $ (21,280) $ (1,329) $ 150  $ (1,179)
Other comprehensive income before reclassifications (38) —  (38) (2) —  (2)
Reclassifications out of accumulated other comprehensive income (loss) into other income (expense) for interest expense for cash flow hedges —  651  651  27  27 
Balance June 30, 2024 $ (23,961) $ 3,294  $ (20,667) $ (1,331) $ 177  $ (1,154)
Tanger 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, 2023 $ (23,085) $ (434) $ (23,519) $ (1,293) $ 19  $ (1,274)
Other comprehensive income before reclassifications (876) —  (876) (38) —  (38)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 —  3,728  3,728  —  158  158 
Balance June 30, 2024 $ (23,961) $ 3,294  $ (20,667) $ (1,331) $ 177  $ (1,154)
Tanger 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, 2023 $ (24,361) $ 10,202  $ (14,159) $ (1,344) $ 489  $ (855)
Other comprehensive income before reclassifications 1,174  —  1,174  53  —  53 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 —  (357) (357) —  (16) (16)
Balance June 30, 2023 $ (23,187) $ 9,845  $ (13,342) $ (1,291) $ 473  $ (818)
Tanger 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, 2022 $ (24,516) $ 13,479  $ (11,037) $ (1,351) $ 638  $ (713)
Other comprehensive income before reclassifications 1,329  —  1,329  60  —  60 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 —  (3,634) (3,634) —  (165) (165)
Balance June 30, 2023 $ (23,187) $ 9,845  $ (13,342) $ (1,291) $ 473  $ (818)
We expect within the next twelve months to reclassify into earnings as a decrease to interest expense approximately $3.0 million of the amounts recorded within accumulated other comprehensive income related to the interest rate swap agreements in effect as of June 30, 2024.
The following table presents changes in the balances of each component of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2024 (in thousands):
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2024 $ (25,250) $ 2,792  $ (22,458)
Other comprehensive income (loss) before reclassifications (39) —  (39)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges —  679  679 
Balance June 30, 2024 $ (25,289) $ 3,471  $ (21,818)
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2023 $ (24,376) $ (417) $ (24,793)
Other comprehensive income before reclassifications (913) —  (913)
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 —  3,888  3,888 
Balance June 30, 2024 $ (25,289) $ 3,471  $ (21,818)
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2023 $ (25,705) $ 10,691  $ (15,014)
Other comprehensive income (loss) before reclassifications 1,227  —  1,227 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges —  (373) (373)
Balance June 30, 2023 $ (24,478) $ 10,318  $ (14,160)
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2022 $ (25,867) $ 14,117  $ (11,750)
Other comprehensive loss before reclassifications 1,389  —  1,389 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges
 —  (3,799) (3,799)
Balance June 30, 2023 $ (24,478) $ 10,318  $ (14,160)