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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2014
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)

13.OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) includes changes in the fair value of interest rate swaps and the fuel hedge that qualify for hedge accounting.  The components of other comprehensive income (loss) and related tax effects for the years ended December 31, 2014, 2013 and 2012, are as follows: 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2014

 

Gross

 

Tax effect

 

Net of tax

Interest rate swap amounts reclassified into interest expense

$
4,581 

 

$
(1,757)

 

$
2,824 

Fuel hedge amounts reclassified into cost of operations

 
(823)

 

 
316 

 

 
(507)

Changes in fair value of interest rate swaps

 
(6,448)

 

 
2,478 

 

 
(3,970)

Changes in fair value of fuel hedge

 
(3,355)

 

 
1,284 

 

 
(2,071)

 

$
(6,045)

 

$
2,321 

 

$
(3,724)

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2013

 

Gross

 

Tax effect

 

Net of tax

Interest rate swap amounts reclassified into interest expense

$
5,641 

 

$
(2,158)

 

$
3,483 

Changes in fair value of interest rate swaps

 
296 

 

 
(108)

 

 
188 

Changes in fair value of fuel hedge

 
1,012 

 

 
(387)

 

 
625 

 

$
6,949 

 

$
(2,653)

 

$
4,296 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2012

 

Gross

 

Tax effect

 

Net of tax

Interest rate swap amounts reclassified into interest expense

$
5,289 

 

$
(2,010)

 

$
3,279 

Fuel hedge amounts reclassified into cost of operations

 
(4,513)

 

 
1,715 

 

 
(2,798)

Changes in fair value of interest rate swaps

 
(7,333)

 

 
2,809 

 

 
(4,524)

Changes in fair value of fuel hedge

 
2,194 

 

 
(836)

 

 
1,358 

 

$
(4,363)

 

$
1,678 

 

$
(2,685)

 

A rollforward of the amounts included in AOCL, net of taxes, is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

Fuel Hedge

 

Interest Rate Swaps

 

Accumulated Other Comprehensive Loss

Balance at December 31, 2012

 

$
732 

 

$
(6,897)

 

$
(6,165)

Amounts reclassified into earnings

 

 

-

 

 
3,483 

 

 
3,483 

Changes in fair value

 

 
625 

 

 
188 

 

 
813 

Balance at December 31, 2013

 

 
1,357 

 

 
(3,226)

 

 
(1,869)

Amounts reclassified into earnings

 

 
(507)

 

 
2,824 

 

 
2,317 

Changes in fair value

 

 
(2,071)

 

 
(3,970)

 

 
(6,041)

Balance at December 31, 2014

 

$
(1,221)

 

$
(4,372)

 

$
(5,593)