Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2024

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Changes in Accumulated Other Comprehensive Income (Loss) by Component

The following table presents changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2024 and 2023.


				Cumulative
	Cash Flow			Translation
(in thousands)	Hedges (1)(2)			Adjustment			Total
Balance, December 31, 2023	$	31,460		$	(132	)	$	31,328
Other comprehensive income before reclassification and tax		—			(33	)		(33	)
Tax impact		—			8			8
Reclassification adjustments, before tax		(4,154	)		—			(4,154	)
Tax impact		1,015			—			1,015
Net current period other comprehensive income (loss)		(3,139	)		(25	)		(3,164	)
Balance, March 31, 2024	$	28,321		$	(157	)	$	28,164
Balance, December 31, 2022	$	35,614		$	(172	)	$	35,442
Other comprehensive income (loss) before reclassification and tax		(2,502	)		27			(2,475	)
Tax impact		604			(7	)		597
Reclassification adjustments, before tax		(4,206	)		—			(4,206	)
Tax impact		1,016			—			1,016
Net current period other comprehensive income (loss)		(5,088	)		20			(5,068	)
Balance, March 31, 2023	$	30,526		$	(152	)	$	30,374

(1)

Reclassifications out of accumulated other comprehensive income (loss) related to cash flow hedges are recorded in interest expense and other financing costs.

(2)

On October 30, 2023, the Company terminated the Swap. The termination resulted in a $44.4 million deferred gain recorded in AOCI, before tax, which is being amortized on a straight-line basis over the remaining term of the hedged debt (through July 1, 2026). Please refer to Note 14, Derivatives, for further information on the monetization of the gain on the Swap.