AMERICAN TOWER CORP /MA/ | 2013 | FY | 3

ACCUMULATED OTHER COMPREHENSIVE LOSS

The changes in Accumulated other comprehensive loss for the year ended December 31, 2013 are as follows (in thousands):
 
Unrealized Losses on Cash Flow Hedges (1)
 
Deferred Loss on the Settlement of the Treasury Rate Lock
 
Foreign
Currency
Items
 
Total
 Balance as of January 1, 2013
$
(4,358
)
 
$
(3,827
)
 
$
(175,162
)
 
$
(183,347
)
Other comprehensive income (loss) before reclassifications, net of tax
867

 
—

 
(131,160
)
 
(130,293
)
Amounts reclassified from accumulated other comprehensive loss, net of tax
1,622

 
798

 
—

 
2,420

Net current-period other comprehensive income (loss)
2,489

 
798

 
(131,160
)
 
(127,873
)
 Balance as of December 31, 2013
$
(1,869
)
 
$
(3,029
)
 
$
(306,322
)
 
$
(311,220
)
(1) Losses on cash flow hedges have been reclassified into interest expense in the accompanying consolidated statements of operations. The tax effect of approximately $0.2 million is included in income tax expense for the year ended December 31, 2013.

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