XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Components of Accumulated OCI
The components of Accumulated OCI are as follows (in thousands): 
 
March 31,
2018
 
December 31,
2017
 
 
 
 
Cumulative foreign currency translation adjustment
$
(57,998
)
 
$
(62,689
)
Unrealized loss on hedges, net of tax (1)
(6,159
)
 
(7,507
)
Unrealized gain on note receivable, net of tax (2)
—

 
409

Accumulated other comprehensive loss
$
(64,157
)
 
$
(69,787
)
(1)
Relates to foreign currency hedges for the Grand Canyon II and Grand Canyon III charters as well as interest rate swap contracts for the Nordea Q5000 Loan (Note 15). Balance at March 31, 2018 was net of deferred income taxes totaling $1.6 million. Balance at December 31, 2017 was net of deferred income taxes of $4.0 million, $1.6 million of which was reclassified to retained earnings on January 1, 2018 pursuant to the adoption of ASU No. 2018-02 (Note 1).
(2)
Balance at December 31, 2017 was net of deferred income taxes of $0.2 million, $0.1 million of which was reclassified to retained earnings on January 1, 2018 pursuant to the adoption of ASU No. 2018-02 (Note 1).