Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss) of the Operating Partnership

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Accumulated Other Comprehensive Income (Loss) of the Operating Partnership
6 Months Ended
Jun. 30, 2021
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 other comprehensive loss for the three and six months ended June 30, 2021 (in thousands):
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance March 31, 2021 $ (20,041) $ (1,361) $ (21,402)
Other comprehensive income (loss) before reclassifications 1,365  (91) 1,274 
Reclassification out of accumulated other comprehensive income (loss) into interest expense for cash flow hedges —  328  328 
Balance June 30, 2021 $ (18,676) $ (1,124) $ (19,800)
Foreign Currency Cash flow hedges Accumulated Other Comprehensive Income (Loss)
Balance December 31, 2020 $ (24,680) $ (3,359) $ (28,039)
Other comprehensive income before reclassifications 2,374  1,493  3,867 
Reclassification out of accumulated other comprehensive income (loss) into other income (expense) for foreign currency and interest expense for cash flow hedges 3,630  742  4,372 
Balance June 30, 2021 $ (18,676) $ (1,124) $ (19,800)

The following table presents changes in the balances of each component of accumulated other 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 other income (expense) for 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 other income (expense) for interest expense for cash flow hedges —  1,148  1,148 
Balance June 30, 2020 $ (30,839) $ (6,599) $ (37,438)

We expect within the next twelve months to reclassify into earnings as an increase to interest expense approximately $1.1 million of the amounts recorded within accumulated other comprehensive loss related to the interest rate swap agreements in effect as of June 30, 2021.