Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following tables represent the changes in accumulated other comprehensive income (loss), net of tax, for the three-month periods ended March 31, 2015 and 2014 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance		Total
Balance as of December 31, 2014	$	5,420		$	—	$	5,420
Other comprehensive income before reclassifications:
Change in fair value of derivatives	4,917			—		4,917
Income tax effect	(1,829		)	—		(1,829		)
Net of tax	3,088			—		3,088
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(2,372		)	—		(2,372		)
Income tax effect	882			—		882
Net of tax	(1,490		)	—		(1,490		)
Net other comprehensive income	1,598			—		1,598
Balance as of March 31, 2015	$	7,018		$	—	$	7,018

	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	(6,821		)	—			(6,821		)
Income tax effect	2,538			(2,538		)	—
Net of tax	(4,283		)	(2,538		)	(6,821		)
Amounts reclassified from accumulated other comprehensive income (loss):
Oil and gas sales	3,403			—			3,403
Income tax effect	(1,266		)	1,266			—
Net of tax	2,137			1,266			3,403
Net other comprehensive loss	(2,146		)	(1,272		)	(3,418		)
Balance as of March 31, 2014	$	(2,834	)	$	(1,680	)	$	(4,514	)