Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

v3.23.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Statement of Other Comprehensive Income [Abstract]        
Net income (loss) $ 2,512 $ 24,446 $ (5,399) $ 36,010
Unrealized (loss) gain on derivatives qualified for hedge accounting:        
Unrealized gain on interest rate swaps 0 0 0 7,981
Reclassification adjustment included in earnings [1] (2,275) (4,082) (4,802) (4,584)
Total unrealized gain (loss) (2,275) (4,082) (4,802) 3,397
Currency translation adjustment, net of tax expense of $67 and $83 for the three months ended June 30, 2023 and 2022, respectively, and $87 and $146 for the six months ended June 30, 2023 and 2022, respectively 1,955 (10,042) 4,732 (13,835)
Other comprehensive loss (320) (14,124) (70) (10,438)
Comprehensive income (loss) $ 2,192 $ 10,322 $ (5,469) $ 25,572
[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 loss on the condensed consolidated balance sheet related to the interest rate swap agreements terminated on February 18, 2022. See Note 10 for additional information.