| ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The components of other comprehensive income (loss) (“OCI”) and the changes in the Company’s accumulated other comprehensive income (loss) (“AOCI”) by component were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | | | Foreign Currency
Translation
Adjustment | | Unrealized
Gain (Loss) on
Derivatives | | Other | | AOCI, net of tax, Attributable to THOR | | Non-controlling Interests | | Total AOCI | | Balance at beginning of period, net of tax | | $ | (68,911) | | | $ | — | | | $ | 364 | | | $ | (68,547) | | | $ | (2,583) | | | $ | (71,130) | | | OCI before reclassifications | | (25,073) | | | — | | | (86) | | | (25,159) | | | (852) | | | (26,011) | | Income taxes associated with OCI before reclassifications (1) | | — | | | — | | | — | | | — | | | — | | | — | | | Amounts reclassified from AOCI | | — | | | — | | | — | | | — | | | — | | | — | | | Income taxes associated with amounts reclassified from AOCI | | — | | | — | | | — | | | — | | | — | | | — | | | OCI, net of tax for the fiscal year | | (25,073) | | | — | | | (86) | | | (25,159) | | | (852) | | | (26,011) | | | | | | | | | | | | | | | | AOCI, net of tax | | $ | (93,984) | | | $ | — | | | $ | 278 | | | $ | (93,706) | | | $ | (3,435) | | | $ | (97,141) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2023 | | | | Foreign Currency
Translation
Adjustment | | Unrealized
Gain (Loss) on
Derivatives | | Other | | AOCI, net of tax, Attributable to THOR | | Non-controlling Interests | | Total AOCI | | Balance at beginning of period, net of tax | | $ | (183,453) | | | $ | 675 | | | $ | 1,171 | | | $ | (181,607) | | | $ | (2,205) | | | $ | (183,812) | | | OCI before reclassifications | | 114,542 | | | 847 | | | (807) | | | 114,582 | | | (378) | | | 114,204 | | Income taxes associated with OCI before reclassifications (1) | | — | | | (203) | | | — | | | (203) | | | — | | | (203) | | | Amounts reclassified from AOCI | | — | | | (1,732) | | | — | | | (1,732) | | | — | | | (1,732) | | | Income taxes associated with amounts reclassified from AOCI | | — | | | 413 | | | — | | | 413 | | | — | | | 413 | | | OCI, net of tax for the fiscal year | | 114,542 | | | (675) | | | (807) | | | 113,060 | | | (378) | | | 112,682 | | | | | | | | | | | | | | | | AOCI, net of tax | | $ | (68,911) | | | $ | — | | | $ | 364 | | | $ | (68,547) | | | $ | (2,583) | | | $ | (71,130) | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2022 | | | | Foreign Currency
Translation
Adjustment | | Unrealized
Gain (Loss) on
Derivatives | | Other | | AOCI, net of tax, Attributable to THOR | | Non-controlling Interests | | Total AOCI | | Balance at beginning of period, net of tax | | $ | 54,152 | | | $ | (8,655) | | | $ | (876) | | | $ | 44,621 | | | $ | (772) | | | $ | 43,849 | | | OCI before reclassifications | | (237,605) | | | 3,775 | | | 2,047 | | | (231,783) | | | (1,433) | | | (233,216) | | Income taxes associated with OCI before reclassifications (1) | | — | | | (866) | | | — | | | (866) | | | — | | | (866) | | | Amounts reclassified from AOCI | | — | | | 8,502 | | | — | | | 8,502 | | | — | | | 8,502 | | | Income taxes associated with amounts reclassified from AOCI | | — | | | (2,081) | | | — | | | (2,081) | | | — | | | (2,081) | | | OCI, net of tax for the fiscal year | | (237,605) | | | 9,330 | | | 2,047 | | | (226,228) | | | (1,433) | | | (227,661) | | | | | | | | | | | | | | | | AOCI, net of tax | | $ | (183,453) | | | $ | 675 | | | $ | 1,171 | | | $ | (181,607) | | | $ | (2,205) | | | $ | (183,812) | |
(1)We do not recognize deferred taxes for foreign currency translation gains and losses because we do not anticipate reversal in the foreseeable future.
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