Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Comprehensive Income (Loss)

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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Other Comprehensive Income [Abstract]      
Net income (loss) $ 144,574 $ (21,303) $ (92,077)
Other comprehensive income (loss), net of tax      
Unrealized gain (loss) on interest rate swaps 7,981 5,746 (36,609)
Reclassification adjustment included in earnings [1] (10,955) 19,723 16,017
Total unrealized gain (loss) (2,974) 25,469 (20,592)
Currency translation adjustment, net of tax benefit (expense) of $(175), $(2) and $90 for the years ended December 31, 2022, 2021 and 2020, respectively (14,590) (2,726) 5,230
Other comprehensive income (loss) (17,564) 22,743 (15,362)
Comprehensive income (loss) $ 127,010 $ 1,440 $ (107,439)
[1] Represents the reclassification of the effective portion of the gain or loss on the Company’s interest rate swap 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 consolidated balance sheet related to the interest rate swap agreements terminated on February 18, 2022. See Note 11 for additional information.