XML 83 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2012
Other Comprehensive Income (Loss) [Abstract]  
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss)

The components and allocated tax effects of other comprehensive income (loss) are as follows:
 
 
Before-Tax
 
Tax Expense
(Benefit)
 
After-Tax
 
 
(In thousands)
Three Months Ended September 30, 2012
 
 
 
 
 
 
Unrealized gain, net of reclassifications from sale or maturity, on available-for-sale securities
 
$
13

 
$
6

 
$
7

Unrealized loss on hedging activities
 
(111,333
)
 
(43,359
)
 
(67,974
)
Other comprehensive loss
 
(111,320
)
 
(43,353
)
 
(67,967
)
Less other comprehensive income attributable to noncontrolling interest
 
129

 
—

 
129

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(111,449
)
 
$
(43,353
)
 
$
(68,096
)
 
 
 
 
 
 
 
Three Months Ended September 30, 2011
 
 
 
 
 
 
Unrealized loss on available-for-sale securities
 
$
(655
)
 
$
(252
)
 
$
(403
)
Unrealized gain on hedging activities
 
23,272

 
8,772

 
14,500

Retirement medical obligation adjustment
 
9

 
—

 
9

Other comprehensive income
 
22,626

 
8,520

 
14,106

Less other comprehensive income attributable to noncontrolling interest
 
717

 
—

 
717

Other comprehensive income attributable to HollyFrontier stockholders
 
$
21,909

 
$
8,520

 
$
13,389

 
 
 
 
 
 
 
Nine Months Ended September 30, 2012
 
 
 
 
 
 
Unrealized loss, net of reclassifications from sale or maturity, on available-for-sale securities
 
$
(203
)
 
$
(78
)
 
$
(125
)
Unrealized loss on hedging activities
 
(236,147
)
 
(92,068
)
 
(144,079
)
Pension plan curtailment
 
7,102

 
2,763

 
4,339

Other comprehensive loss
 
(229,248
)
 
(89,383
)
 
(139,865
)
Less other comprehensive income attributable to noncontrolling interest
 
529

 
—

 
529

Other comprehensive loss attributable to HollyFrontier stockholders
 
$
(229,777
)
 
$
(89,383
)
 
$
(140,394
)
 
 
 
 
 
 
 
Nine Months Ended September 30, 2011
 
 
 
 
 
 
Unrealized loss on available-for-sale securities
 
$
(972
)
 
$
(376
)
 
$
(596
)
Unrealized gain on hedging activities
 
24,864

 
8,994

 
15,870

Retirement medical obligation adjustment
 
9

 
—

 
9

Other comprehensive income
 
23,901

 
8,618

 
15,283

Less other comprehensive income attributable to noncontrolling interest
 
1,737

 
—

 
1,737

Other comprehensive income attributable to HollyFrontier stockholders
 
$
22,164

 
$
8,618

 
$
13,546


The temporary unrealized gain (loss) on available-for-sale securities is due to changes in market prices of securities.

Accumulated other comprehensive income (loss) in the equity section of our consolidated balance sheets includes:
 
 
September 30,
2012
 
December 31,
2011
 
 
(In thousands)
Pension obligation adjustment
 
$
(18,376
)
 
$
(22,715
)
Retiree medical obligation adjustment
 
(4,042
)
 
(4,042
)
Unrealized gain on available-for-sale securities
 
9

 
134

Unrealized gain (loss) on hedging activities, net of noncontrolling interest
 
(40,112
)
 
104,496

Accumulated other comprehensive income (loss)
 
$
(62,521
)
 
$
77,873