Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)

v3.22.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Statement of Other Comprehensive Income [Abstract]        
Net income (loss) $ 24,446 $ (3,639) $ 36,010 $ (15,618)
Other comprehensive income (loss), net of tax        
Unrealized gain (loss) on interest rate swaps 0 (609) 7,981 1,964
Reclassification adjustment included in earnings [1] (4,082) 4,904 (4,584) 9,715
Total unrealized gain (loss) (4,082) 4,295 3,397 11,679
Currency translation adjustment, net of tax benefit (expense) of ($83) and $3 for the three months ended June 30, 2022 and 2021, respectively, and ($146) and $15 for the six months ended June 30, 2022, and 2021, respectively (10,042) 1,283 (13,835) 1,262
Other comprehensive income (loss) (14,124) 5,578 (10,438) 12,941
Comprehensive income (loss) $ 10,322 $ 1,939 $ 25,572 $ (2,677)
[1] Represents the reclassification of the effective portion of the gain on the Company's interest rate swaps into interest expense. Includes reclassification to earnings as a reduction to interest expense of unrealized gains included in accumulated other comprehensive income on the condensed consolidated balance sheet related to the interest rate swap agreements terminated on February 18, 2022. See Note 9 for additional information.