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Other Comprehensive Income (Loss)
 12 Months Ended
Dec. 31, 2015
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)

12.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 years ended December 31, 2015, 2014 and 2013, are as follows: 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 2015

 

Gross

 

Tax effect

 

Net of tax

Interest rate swap amounts reclassified into interest expense

$

 5,093 

 

$

 (1,938)

 

$

 3,155 

Fuel hedge amounts reclassified into cost of operations

 

 3,217 

 

 

 (1,224)

 

 

 1,993 

Changes in fair value of interest rate swaps

 

 (7,746)

 

 

 2,926 

 

 

 (4,820)

Changes in fair value of fuel hedges

 

 (11,138)

 

 

 4,232 

 

 

 (6,906)

 

$

 (10,574)

 

$

 3,996 

 

$

 (6,578)

 

 

 

 

 

 

 

 

 

 

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 hedges

 

 (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 hedges

 

 1,012 

 

 

 (387)

 

 

 625 

 

$

 6,949 

 

$

 (2,653)

 

$

 4,296 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

Fuel Hedges

 

Interest Rate Swaps

 

Accumulated Other Comprehensive Loss

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)

Amounts reclassified into earnings

 

 

 1,993 

 

 

 3,155 

 

 

 5,148 

Changes in fair value

 

 

 (6,906)

 

 

 (4,820)

 

 

 (11,726)

Balance at December 31, 2015

 

$

 (6,134)

 

$

 (6,037)

 

$

 (12,171)