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Other Comprehensive Income
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Other Comprehensive Income
Other Comprehensive Income
The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the year ended December 31, 2013 (in thousands):    
 
Gains and Losses on Cash Flow Hedges
 
Change in Valuation Allowance
 
Total
Balance as of December 31, 2012
$
521

 
$
—

 
$
521

Other comprehensive loss before reclassifications:
 
 
 
 
 
Change in fair value of derivatives
(999
)
 
 
 
(999
)
Income tax effect
372

 
(408
)
 
(36
)
Net of tax
(627
)
 
(408
)
 
(1,035
)
Amounts reclassified from accumulated other comprehensive income:
 
 
 
 
 
Oil and gas sales
(927
)
 
 
 
(927
)
Income tax effect
345

 
—

 
345

Net of tax
(582
)
 
—

 
(582
)
Net other comprehensive loss
(1,209
)
 
(408
)
 
(1,617
)
Balance as of December 31, 2013
$
(688
)
 
$
(408
)
 
$
(1,096
)
The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the year ended December 31, 2014 (in thousands):
 
Gains and Losses on Cash Flow Hedges
 
Change in Valuation Allowance
 
Total
Balance as of December 31, 2013
$
(688
)
 
$
(408
)
 
$
(1,096
)
Other comprehensive loss before reclassifications:
 

 
 
 
Change in fair value of derivatives
6,683

 
 
 
6,683

Income tax effect
(2,487
)
 
408

 
(2,079
)
Net of tax
4,196

 
408

 
4,604

Amounts reclassified from accumulated other comprehensive income:
 
 
 
 
 
Oil and gas sales
3,044

 
 
 
3,044

Income tax effect
(1,132
)
 
—

 
(1,132
)
Net of tax
1,912

 
—

 
1,912

Net other comprehensive loss
6,108

 
408

 
6,516

Balance as of December 31, 2014
$
5,420

 
$
—

 
$
5,420


See Note 7 for additional details about the effect of the above reclassifications.