Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

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 three month periods ended March 31, 2015 and 2014, are as follows: 

	Three months ended March 31, 2015
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,036	$	(398)	$	638
Fuel hedge amounts reclassified into cost of operations		614		(235)		379
Changes in fair value of interest rate swaps		(5,473)		2,099		(3,374)
Changes in fair value of fuel hedge		(516)		198		(318)
	$	(4,339)	$	1,664	$	(2,675)

	Three months ended March 31, 2014
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,068	$	(410)	$	658
Fuel hedge amounts reclassified into cost of operations		(323)		124		(199)
Changes in fair value of interest rate swaps		(294)		118		(176)
Changes in fair value of fuel hedge		(285)		107		(178)
	$	166	$	(61)	$	105

A rollforward of the amounts included in AOCL, net of taxes, for the three months ended March 31, 2015 and 2014, is as follows: 

	Fuel Hedge		Interest Rate Swaps		Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	(1,221)	$	(4,372)	$	(5,593)
Amounts reclassified into earnings		379		638		1,017
Changes in fair value		(318)		(3,374)		(3,692)
Balance at March 31, 2015	$	(1,160)	$	(7,108)	$	(8,268)

	Fuel Hedge		Interest Rate Swaps		Accumulated Other Comprehensive Loss
Balance at December 31, 2013	$	1,357	$	(3,226)	$	(1,869)
Amounts reclassified into earnings		(199)		658		459
Changes in fair value		(178)		(176)		(354)
Balance at March 31, 2014	$	980	$	(2,744)	$	(1,764)

See Note 9 for further discussion on the Company’s derivative instruments.