Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) for the nine-month period ended September 30, 2014 are as follows:

	Changes in Accumulated Other Comprehensive Income (Loss) by Component for the Nine Months Ended September 30, 2014
	Gains and Losses on Cash Flow Hedges			Defined Benefit Pension Plan		Total Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at December 31, 2013	$	(8,859	)	$	277	$	(8,582	)
Other comprehensive income (loss) before reclassifications (1)		(2,052	)		-		(2,052	)
Amounts reclassified out of accumulated
other comprehensive income (loss) (2)		5,290			-		5,290
Net current-period other comprehensive income (loss)		3,238			-		3,238
Balance at September 30, 2014	$	(5,621	)	$	277	$	(5,344	)
(1) Net of tax benefit of $1,257.
(2) Net of tax expense of $3,242.

See the heading “Derivative Instruments and Hedging Activities” in Note 6, “Long-Term Debt,” for further discussion of Sonic’s cash flow hedges. For further discussion of Sonic’s defined benefit pension plan, see Note 10, “Employee Benefit Plans,” of the Notes to Consolidated Financial Statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2013.