Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016
Net unrealized gain on marketable securities	$	101		$	40		$	61
Net unrealized loss on hedging instruments	(1,048		)	(301		)	(747		)
Other comprehensive loss	(947		)	(261		)	(686		)
Less other comprehensive loss attributable to noncontrolling interest	(275		)	—			(275		)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(672	)	$	(261	)	$	(411	)
Three Months Ended March 31, 2015
Net unrealized gain on marketable securities	$	68		$	27		$	41
Net unrealized loss on hedging instruments	(19,319		)	(7,302		)	(12,017		)
Other comprehensive loss	(19,251		)	(7,275		)	(11,976		)
Less other comprehensive loss attributable to noncontrolling interest	(454		)	—			(454		)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(18,797	)	$	(7,275	)	$	(11,522	)

The following table presents the income statement line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”):

AOCI Component	Gain (Loss) Reclassified From AOCI						Income Statement Line Item
	(In thousands)
	Three Months Ended March 31,
	2016			2015
Marketable securities	$	(23	)	$	(2	)	Interest income
	—			42			Gain on sale of assets
	(23		)	40
	(9		)	15			Income tax expense (benefit)
	(14		)	25			Net of tax
Hedging instruments:
Commodity price swaps	(4,756		)	49,180			Sales and other revenues
	—			(40,769		)	Cost of products sold
	(6,570		)	(3,989		)	Operating expenses
Interest rate swaps	(230		)	(531		)	Interest expense
	(11,556		)	3,891
	(4,418		)	1,630			Income tax expense (benefit)
	(7,138		)	2,261			Net of tax
	139			322			Noncontrolling interest
	(6,999		)	2,583			Net of tax and noncontrolling interest
Total reclassifications for the period	$	(7,013	)	$	2,608

Accumulated other comprehensive loss in the equity section of our consolidated balance sheets includes:

	March 31, 2016			December 31, 2015
	(In thousands)
Unrealized gain on post-retirement benefit obligations	$	20,737		$	20,737
Unrealized loss on marketable securities	—			(61		)
Unrealized loss on hedging instruments, net of noncontrolling interest	(25,303		)	(24,831		)
Accumulated other comprehensive loss	$	(4,566	)	$	(4,155	)