| 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 nine months ended September 30, 2015 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance June 30, 2015 |
|
$ |
(21,716 |
) |
|
$ |
(754 |
) |
|
$ |
(22,470 |
) |
|
$ |
(1,183 |
) |
|
$ |
(40 |
) |
|
$ |
(1,223 |
) |
Unrealized gain on foreign currency translation adjustments |
|
(10,376 |
) |
|
— |
|
|
(10,376 |
) |
|
(556 |
) |
|
— |
|
|
(556 |
) |
Change in fair value of cash flow hedges |
|
— |
|
|
(1,097 |
) |
|
(1,097 |
) |
|
— |
|
|
(59 |
) |
|
(59 |
) |
Balance September 30, 2015 |
|
$ |
(32,092 |
) |
|
$ |
(1,851 |
) |
|
$ |
(33,943 |
) |
|
$ |
(1,739 |
) |
|
$ |
(99 |
) |
|
$ |
(1,838 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance December 31, 2014 |
|
$ |
(14,113 |
) |
|
$ |
90 |
|
|
$ |
(14,023 |
) |
|
$ |
(773 |
) |
|
$ |
5 |
|
|
$ |
(768 |
) |
Unrealized loss on foreign currency translation adjustments |
|
(17,979 |
) |
|
— |
|
|
(17,979 |
) |
|
(966 |
) |
|
— |
|
|
(966 |
) |
Change in fair value of cash flow hedges |
|
— |
|
|
(1,941 |
) |
|
(1,941 |
) |
|
— |
|
|
(104 |
) |
|
(104 |
) |
Balance September 30, 2015 |
|
$ |
(32,092 |
) |
|
$ |
(1,851 |
) |
|
$ |
(33,943 |
) |
|
$ |
(1,739 |
) |
|
$ |
(99 |
) |
|
$ |
(1,838 |
) |
The following table presents changes in the balances of each component of accumulated comprehensive income for the three and nine months ended September 30, 2014 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
|
Foreign Currency |
|
Cash flow hedges |
|
Total |
Balance June 30, 2014 |
|
$ |
(3,974 |
) |
|
$ |
709 |
|
|
$ |
(3,265 |
) |
|
$ |
(222 |
) |
|
$ |
(118 |
) |
|
$ |
(340 |
) |
Amortization of cash flow hedges |
|
— |
|
|
(94 |
) |
|
(94 |
) |
|
— |
|
|
(5 |
) |
|
(5 |
) |
Unrealized gain on foreign currency translation adjustments |
|
(4,926 |
) |
|
— |
|
|
(4,926 |
) |
|
(268 |
) |
|
— |
|
|
(268 |
) |
Change in fair value of cash flow hedges |
|
— |
|
|
903 |
|
|
903 |
|
|
— |
|
|
49 |
|
|
49 |
|
Balance September 30, 2014 |
|
$ |
(8,900 |
) |
|
$ |
1,518 |
|
|
$ |
(7,382 |
) |
|
$ |
(490 |
) |
|
$ |
(74 |
) |
|
$ |
(564 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tanger Factory Outlet Centers, Inc. Accumulated Other Comprehensive Income (Loss) |
|
Noncontrolling Interest in Operating Partnership Accumulated Other Comprehensive Income (Loss) |
|
|
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 |
|
— |
|
|
(278 |
) |
|
(278 |
) |
|
— |
|
|
(15 |
) |
|
(15 |
) |
Unrealized gain on foreign currency translation adjustments |
|
(4,310 |
) |
|
— |
|
|
(4,310 |
) |
|
(236 |
) |
|
— |
|
|
(236 |
) |
Change in fair value of cash flow hedges |
|
— |
|
|
(366 |
) |
|
(366 |
) |
|
— |
|
|
(20 |
) |
|
(20 |
) |
Balance September 30, 2014 |
|
$ |
(8,900 |
) |
|
$ |
1,518 |
|
|
$ |
(7,382 |
) |
|
$ |
(490 |
) |
|
$ |
(74 |
) |
|
$ |
(564 |
) |
The following represents amounts reclassified out of accumulated other comprehensive income and into earnings (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Details about Accumulated Other Comprehensive Income Components |
|
Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |
|
Affected Line Item in Statement of Operations |
|
|
Three months ended |
|
Nine months ended |
|
|
|
|
September 30, |
|
September 30, |
|
|
|
|
2015 |
|
2014 |
|
2015 |
|
2014 |
|
|
Amortization of cash flow hedges |
|
$ |
— |
|
|
$ |
(94 |
) |
|
$ |
— |
|
|
$ |
(278 |
) |
|
Interest expense |
|