Comprehensive Income

3 Months Ended

Mar. 31, 2012

Stockholders' Equity and Comprehensive Income [Abstract]

COMPREHENSIVE INCOME

12. COMPREHENSIVE INCOME

Comprehensive income 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 month periods ended March 31, 2012 and 2011, are as follows:

	Three months ended March 31, 2012
	Gross			Tax effect			Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,142		$	(434	)	$	708
Fuel hedge amount reclassified into cost of operations		(1,129	)		429			(700	)
Changes in fair value of interest rate swaps		(1,005	)		382			(623	)
Change in fair value of fuel hedges		1,473			(560	)		913
	$	481		$	(183	)	$	298

	Three months ended March 31, 2011
	Gross			Tax effect			Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,866		$	(709	)	$	1,157
Fuel hedge amounts reclassified into cost of operations		(811	)		308			(503	)
Changes in fair value of interest rate swaps		66			(25	)		41
Changes in fair value of fuel hedges		4,649			(1,767	)		2,882
	$	5,770		$	(2,193	)	$	3,577

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, 2011	$	2,172		$	(5,652	)	$	(3,480	)
Amounts reclassified into earnings		(700	)		708			8
Changes in fair value		913			(623	)		290
Balance at March 31, 2012	$	2,385		$	(5,567	)	$	(3,182	)

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