Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) for the three months ended March 31, 2015 are as follows:

	Changes in Accumulated Other Comprehensive Income (Loss) by Component for the Three Months Ended March 31, 2015
	Gains and Losses on Cash Flow Hedges	Defined Benefit Pension Plan	Total Accumulated Other Comprehensive Income (Loss)
	(In thousands)
Balance at December 31, 2014	$               (5,973)	$                  (451)	$               (6,424)
Other comprehensive income (loss) before reclassifications (1)	(2,371)	-	(2,371)
Amounts reclassified out of accumulated
other comprehensive income (loss) (2)	1,448	-	1,448
Net current-period other comprehensive income (loss)	(923)	-	(923)
Balance at March 31, 2015	$               (6,896)	$                  (451)	$               (7,347)
(1) Net of tax benefit of $1,453.
(2) Net of tax expense of $887.

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 the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2014.