Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Other Comprehensive Income [Abstract]        
Net income (loss) $ 93,289 $ 7,281 $ 129,299 $ (8,337)
Other comprehensive income (loss), net of tax        
Unrealized gain (loss) on interest rate swaps 0 (991) 7,981 973
Reclassification adjustment included in earnings [1] (3,413) 5,018 (7,997) 14,733
Total unrealized gain (loss) (3,413) 4,027 (16) 15,706
Currency translation adjustment, net of tax benefit (expense) of ($64) and ($16) for the three months ended September 30, 2022 and 2021, respectively, and ($210) and ($1) for the nine months ended September 30, 2022, and 2021, respectively (12,565) (3,595) (26,400) (2,333)
Other comprehensive income (loss) (15,978) 432 (26,416) 13,373
Comprehensive income $ 77,311 $ 7,713 $ 102,883 $ 5,036
[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 (loss) on the condensed consolidated balance sheet related to the interest rate swap agreements terminated on February 18, 2022. See Note 9 for additional information.