Schedule of Accumulated Other Comprehensive Income (Loss) |
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 |
) |
|
Reclassification out of Accumulated Other Comprehensive Income |
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 |
|