Accumulated Other Comprehensive (Loss) Income |
12 Months Ended |
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Dec. 31, 2021 | |
| Accumulated Other Comprehensive (Loss) Income [Abstract] | |
| Accumulated Other Comprehensive Income | NOTE 9. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive (loss) income (“AOCI”) primarily consists of foreign currency translation adjustments and changes in our forward foreign exchange contracts. The components of AOCI, net of tax, were as follows: Foreign Currency Translation Adjustments Unrealized Gains (Losses) on Cash Flow Hedges Total Balance as of December 31, 2020$ 1,480 $ (980) $ 500Other comprehensive (loss) income before reclassifications (6,721) 1,000 (5,721)Amounts reclassified from other comprehensive (loss) income - 171 171Net current period other comprehensive (loss) income (6,721) 1,171 (5,550)Balance as of December 31, 2021$ (5,241) $ 191 $ (5,050) Foreign Currency Translation Adjustments Unrealized Gains (Losses) on Cash Flow Hedges Total Balance as of December 31, 2019$ (286) $ (17) $ (303)Other comprehensive income (loss) before reclassifications 1,766 (1,069) 697Amounts reclassified from other comprehensive (loss) income - 106 106Net current period other comprehensive income (loss) 1,766 (963) 803Balance as of December 31, 2020$ 1,480 $ (980) $ 500 The effects on net income of amounts reclassified from unrealized gains (losses) on cash flow hedges for foreign exchange contracts and foreign currency translation adjustments for the years ended December 31, 2021 and 2020 were as follows: Losses reclassified from AOCI to the Consolidated Statements of Comprehensive IncomeAffected line item in the Consolidated Twelve Months EndedStatements of Comprehensive IncomeDecember 31, 2021 December 31, 2020Foreign exchange contracts: Sales$ (223) $ (139)Less: Income tax benefit (52) (33)Amount reclassified, net of tax$ (171) $ (106) Total reclassifications from AOCI$ (171) $ (106) The Company’s policy is to classify reclassifications of cumulative foreign currency translation from AOCI to Other, net. |
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- References No definition available.
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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