Comprehensive (Loss) Income

6 Months Ended

Jun. 30, 2011

6. COMPREHENSIVE INCOME (LOSS):

Comprehensive income (loss) is as follows for the respective periods (in thousands):


	Three Months Ended
	June 30,
	2011			2010
Net income (loss)	$	8,637		$	(22,720	)
Unrealized (loss) gain on natural gas swaps, net of deferred taxes of $(20) and $105		(36	)		162
Unrealized gain on interest rate swaps, net of deferred taxes of $1,982 and $1,577		3,549			2,758
Other		—			(32	)

Comprehensive income (loss)	$	12,150		$	(19,832	)


	Six Months Ended
	June 30,
	2011		2010
Net income (loss)	$	6,680	$	(24,570	)
Unrealized gain (loss) on natural gas swaps, net of deferred taxes of $2 and $0		4		(4	)
Unrealized gain on interest rate swaps, net of deferred taxes of $3,818 and $2,029		6,880		3,570
Other		38		(44	)

Comprehensive income (loss)	$	13,602	$	(21,048	)

A rollforward of the amounts included in accumulated other comprehensive loss related to the fair value of financial derivative instruments that qualify for hedge accounting, net of taxes, for the six months ended June 30, 2011 is as follows (in thousands):


	Interest Rate			Natural Gas			Total
	Derivatives			Derivatives			Derivatives

Balance at December 31, 2010	$	(7,860	)	$	(145	)	$	(8,005	)
2011 changes in fair value, net of deferred taxes		6,880			4			6,884
Reclassification to earnings		—			—			—

Balance at June 30, 2011	$	(980	)	$	(141	)	$	(1,121	)

- Definition

This label may include the following: 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. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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