Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 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 fuel hedges that qualify for hedge accounting.  The components of other comprehensive income (loss) and related tax effects for the three and nine month periods ended September 30, 2015 and 2014, are as follows: 

	Three months ended September 30, 2015
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,041	$	(396)	$	645
Fuel hedge amounts reclassified into cost of operations		874		(333)		541
Changes in fair value of interest rate swaps		(6,066)		2,280		(3,786)
Changes in fair value of fuel hedges		(4,891)		1,852		(3,039)
	$	(9,042)	$	3,403	$	(5,639)

	Three months ended September 30, 2014
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,313	$	(504)	$	809
Fuel hedge amounts reclassified into cost of operations		(214)		82		(132)
Changes in fair value of interest rate swaps		968		(371)		597
Changes in fair value of fuel hedges		(1,192)		457		(735)
	$	875	$	(336)	$	539

	Nine months ended September 30, 2015
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	3,114	$	(1,185)	$	1,929
Fuel hedge amounts reclassified into cost of operations		2,165		(824)		1,341
Changes in fair value of interest rate swaps		(10,503)		3,975		(6,528)
Changes in fair value of fuel hedges		(7,069)		2,684		(4,385)
	$	(12,293)	$	4,650	$	(7,643)

	Nine months ended September 30, 2014
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	3,267	$	(1,253)	$	2,014
Fuel hedge amounts reclassified into cost of operations		(841)		323		(518)
Changes in fair value of interest rate swaps		(1,536)		594		(942)
Changes in fair value of fuel hedges		(1,010)		385		(625)
	$	(120)	$	49	$	(71)

A rollforward of the amounts included in AOCL, net of taxes, for the nine months ended September 30, 2015 and 2014, is as follows: 

	Fuel Hedges		Interest Rate Swaps		Accumulated Other Comprehensive Loss
Balance at December 31, 2014	$	(1,221)	$	(4,372)	$	(5,593)
Amounts reclassified into earnings		1,341		1,929		3,270
Changes in fair value		(4,385)		(6,528)		(10,913)
Balance at September 30, 2015	$	(4,265)	$	(8,971)	$	(13,236)

	Fuel Hedges		Interest Rate Swaps		Accumulated Other Comprehensive Loss
Balance at December 31, 2013	$	1,357	$	(3,226)	$	(1,869)
Amounts reclassified into earnings		(518)		2,014		1,496
Changes in fair value		(625)		(942)		(1,567)
Balance at September 30, 2014	$	214	$	(2,154)	$	(1,940)

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