Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2013

Accumulated Other Comprehensive Income [Abstract]

Accumulated other comprehensive income

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30 are as follows:

	Net Gains (Losses) on Cash Flow Hedges
	2013			2012
	(In thousands)
Balance at April 1:	$	(3,838	)	$	13,503
Other comprehensive income before reclassification	6,091			27,226
Amounts reclassified from accumulated other comprehensive income	(544		)	(10,415		)
New current-period other comprehensive income	5,547			16,811
Balance at June 30:	$	1,709		$	30,314

Amounts reclassified from accumulated other comprehensive income (loss) into the Unaudited Condensed Consolidated Statements of Operations for the three months ended June 30 are as follows:

	2013			2012			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Net gains (loss) on cash flow hedges
Commodity derivatives	$	(823	)	$	15,670		Oil and natural gas revenues
Commodity derivatives	1,717			1,387			Gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net
	894			17,057			Total before tax
	(350		)	(6,642		)	Tax expense
Total reclassification for the period	$	544		$	10,415		Net of tax

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the six months ended June 30 are as follows:

	Net Gains (Losses) on Cash Flow Hedges
	2013			2012
	(In thousands)
Balance at January 1:	$	7,587		$	19,026
Other comprehensive income before reclassification	(3,820		)	25,490
Amounts reclassified from accumulated other comprehensive income	(2,058		)	(14,202		)
New current-period other comprehensive income	(5,878		)	11,288
Balance at June 30:	$	1,709		$	30,314

Amounts reclassified from accumulated other comprehensive income (loss) into the Unaudited Condensed Consolidated Statements of Operations for the six months ended June 30 are as follows:

	2013			2012			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Net gains (loss) on cash flow hedges
Commodity derivatives	$	3,008		$	23,846		Oil and natural gas revenues
Commodity derivatives	368			(606		)	Gain (loss) on derivatives not designated as hedges and hedge ineffectiveness, net
	3,376			23,240			Total before tax
	(1,318		)	(9,038		)	Tax expense
Total reclassification for the period	$	2,058		$	14,202		Net of tax