Accumulated Other Comprehensive Income of the Company |
Accumulated Other Comprehensive Income of the Company
The following table presents changes in the balances of each component of accumulated comprehensive income for the three and six months ended June 30, 2014 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance March 31, 2014 |
|
$ |
(7,282 |
) |
|
$ |
1,767 |
|
|
$ |
(5,515 |
) |
|
$ |
(402 |
) |
|
$ |
(60 |
) |
|
$ |
(462 |
) |
Amortization of cash flow hedges |
|
— |
|
|
(93 |
) |
|
(93 |
) |
|
— |
|
|
(5 |
) |
|
(5 |
) |
Unrealized gains on foreign currency translation adjustments |
|
3,308 |
|
|
— |
|
|
3,308 |
|
|
180 |
|
|
— |
|
|
180 |
|
Change in fair value of cash flow hedges |
|
— |
|
|
(965 |
) |
|
(965 |
) |
|
— |
|
|
(53 |
) |
|
(53 |
) |
Balance June 30, 2014 |
|
$ |
(3,974 |
) |
|
$ |
709 |
|
|
$ |
(3,265 |
) |
|
$ |
(222 |
) |
|
$ |
(118 |
) |
|
$ |
(340 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended |
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2013 |
|
$ |
(4,590 |
) |
|
$ |
2,162 |
|
|
$ |
(2,428 |
) |
|
$ |
(254 |
) |
|
$ |
(39 |
) |
|
$ |
(293 |
) |
Amortization of cash flow hedges |
|
— |
|
|
(184 |
) |
|
(184 |
) |
|
— |
|
|
(10 |
) |
|
(10 |
) |
Unrealized gains on foreign currency translation adjustments |
|
616 |
|
|
— |
|
|
616 |
|
|
32 |
|
|
— |
|
|
32 |
|
Change in fair value of cash flow hedges |
|
— |
|
|
(1,269 |
) |
|
(1,269 |
) |
|
— |
|
|
(69 |
) |
|
(69 |
) |
Balance June 30, 2014 |
|
$ |
(3,974 |
) |
|
$ |
709 |
|
|
$ |
(3,265 |
) |
|
$ |
(222 |
) |
|
$ |
(118 |
) |
|
$ |
(340 |
) |
The following table presents changes in the balances of each component of accumulated comprehensive income for the three and six months ended June 30, 2013 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance March 31, 2013 |
|
$ |
60 |
|
|
$ |
1,119 |
|
|
$ |
1,179 |
|
|
$ |
3 |
|
|
$ |
(97 |
) |
|
$ |
(94 |
) |
Amortization of cash flow hedges |
|
— |
|
|
(88 |
) |
|
(88 |
) |
|
— |
|
|
(4 |
) |
|
(4 |
) |
Unrealized gains on foreign currency translation adjustments |
|
129 |
|
|
— |
|
|
129 |
|
|
6 |
|
|
— |
|
|
6 |
|
Realized loss on foreign currency |
|
123 |
|
|
— |
|
|
123 |
|
|
6 |
|
|
— |
|
|
6 |
|
Balance June 30, 2013 |
|
$ |
312 |
|
|
$ |
1,031 |
|
|
$ |
1,343 |
|
|
$ |
15 |
|
|
$ |
(101 |
) |
|
$ |
(86 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended |
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2012 |
|
$ |
(5 |
) |
|
$ |
1,205 |
|
|
$ |
1,200 |
|
|
$ |
— |
|
|
$ |
(93 |
) |
|
$ |
(93 |
) |
Amortization of cash flow hedges |
|
— |
|
|
(174 |
) |
|
(174 |
) |
|
— |
|
|
(8 |
) |
|
(8 |
) |
Unrealized gains on foreign currency translation adjustments |
|
194 |
|
|
— |
|
|
194 |
|
|
9 |
|
|
— |
|
|
9 |
|
Realized loss on foreign currency |
|
123 |
|
|
— |
|
|
123 |
|
|
6 |
|
|
— |
|
|
6 |
|
Balance June 30, 2013 |
|
$ |
312 |
|
|
$ |
1,031 |
|
|
$ |
1,343 |
|
|
$ |
15 |
|
|
$ |
(101 |
) |
|
$ |
(86 |
) |
The following represents amounts reclassified out of accumulated other comprehensive income into earnings during the three and six months ended June 30, 2014 and June 30, 2013, respectively (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Details about Accumulated Other Comprehensive Income Components |
|
Amount Reclassified from Accumulated Other Comprehensive Income |
|
Affected Line Item in Statement of Operations |
|
|
Three months ended |
|
Six months ended |
|
|
|
|
June 30, |
|
June 30, |
|
|
|
|
2014 |
|
2013 |
|
2014 |
|
2013 |
|
|
Amortization of cash flow hedges |
|
$ |
(93 |
) |
|
$ |
(88 |
) |
|
$ |
(184 |
) |
|
$ |
(174 |
) |
|
Interest expense |
Realized loss on foreign currency |
|
$ |
— |
|
|
$ |
123 |
|
|
$ |
— |
|
|
$ |
123 |
|
|
Interest expense |
|