18. Accumulated Other Comprehensive Loss (“AOCI”) The following tables present the change in the components of AOCI for the three months ended March 31, 2026 and 2025 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2026 |
|
|
|
Cash Flow Hedges for
Interest Payments |
|
|
Cash Flow Hedges for Interest Payments of Unconsolidated Investees |
|
|
Total |
|
Balance at beginning of period |
|
$ |
(8,570 |
) |
|
$ |
(222 |
) |
|
$ |
(8,792 |
) |
Other comprehensive income before reclassifications |
|
|
5,326 |
|
|
|
1,420 |
|
|
|
6,746 |
|
Amounts reclassed from AOCI |
|
|
102 |
|
|
|
(241 |
) |
|
|
(139 |
) |
Net current-period other comprehensive income |
|
|
5,428 |
|
|
|
1,179 |
|
|
|
6,607 |
|
Balance at end of period |
|
$ |
(3,142 |
) |
|
$ |
957 |
|
|
$ |
(2,185 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended March 31, 2025 |
|
|
|
Cash Flow Hedges for
Interest Payments |
|
|
Cash Flow Hedges for
Interest Payments of
Unconsolidated Investees |
|
|
Total |
|
Balance at beginning of period |
|
$ |
7,239 |
|
|
$ |
3,799 |
|
|
$ |
11,038 |
|
Other comprehensive loss before reclassifications |
|
|
(8,987 |
) |
|
|
(1,314 |
) |
|
|
(10,301 |
) |
Amounts reclassified from AOCI |
|
|
(1,282 |
) |
|
|
(366 |
) |
|
|
(1,648 |
) |
Net current-period other comprehensive loss |
|
|
(10,269 |
) |
|
|
(1,680 |
) |
|
|
(11,949 |
) |
Balance at end of period |
|
$ |
(3,030 |
) |
|
$ |
2,119 |
|
|
$ |
(911 |
) |
On the Company’s Condensed Consolidated Statements of Income, unrealized gains and losses reclassified from AOCI related to (i) cash flow hedges for interest payments are included in Interest expense and (ii) cash flow hedges for interest payments of unconsolidated investees are included in Equity in income of joint ventures, net.
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