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Accumulated Other Comprehensive Loss
3 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Loss  
Accumulated Other Comprehensive Loss

6.Accumulated Other Comprehensive Loss

 

The following table presents the components of comprehensive income (in thousands):

 

 

 

Quarter Ended
 March 31,

 

 

 

2015

 

2014

 

Net income

 

$

2,365

 

$

4,492

 

Reclassification to interest expense

 

191

 

216

 

Deferred income tax expense

 

(65

)

(83

)

Mark to market of interest rate hedges

 

(13

)

13

 

Comprehensive income

 

$

2,478

 

$

4,638

 

 

Amounts reclassified to interest expense were for payments made by the Company pursuant to the Company’s interest rate hedges.

 

Accumulated other comprehensive loss consisted of the following (in thousands):

 

 

 

 

March 31,
2015

 

December 31,
2014

 

Mark to market of interest rate hedges, net of tax benefit

 

$

(309

)

$

(422

)

Minimum pension liability adjustments, net of tax benefit

 

(602

)

(602

)

Accumulated other comprehensive loss

 

$

(911

)

$

(1,024

)