Other Comprehensive Income

6 Months Ended

Jun. 30, 2016

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 three month period ended June 30, 2016 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of March 31, 2016	$	802		$	—		$	802
Other comprehensive income before reclassifications:
Change in fair value of derivatives	(595		)	—			(595		)
Income tax effect	221			(176		)	45
Net of tax	(374		)	(176		)	(550		)
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(1,155		)	—			(1,155		)
Income tax effect	430			—			430
Net of tax	(725		)	—			(725		)
Net other comprehensive loss	(1,099		)	(176		)	(1,275		)
Balance as of June 30, 2016	$	(297	)	$	(176	)	$	(473	)

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the six month period ended June 30, 2016 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2015	$	947		$	—		$	947
Other comprehensive income before reclassifications:
Change in fair value of derivatives	206			—			206
Income tax effect	(77		)	(176		)	(253		)
Net of tax	129			(176		)	(47		)
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(2,187		)	—			(2,187		)
Income tax effect	814			—			814
Net of tax	(1,373		)	—			(1,373		)
Net other comprehensive loss	(1,244		)	(176		)	(1,420		)
Balance as of June 30, 2016	$	(297	)	$	(176	)	$	(473	)

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the three month period ended June 30, 2015 (in thousands):

	Gains and Losses on Cash Flow Hedges
Balance as of March 31, 2015	$	7,018
Other comprehensive loss before reclassifications:
Change in fair value of derivatives	(1,471		)
Income tax effect	547
Net of tax	(924		)
Amounts reclassified from accumulated other comprehensive loss:
Oil and gas sales	(4,029		)
Income tax effect	1,499
Net of tax	(2,530		)
Net other comprehensive income	(3,454		)
Balance as of June 30, 2015	$	3,564

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the six month period ended June 30, 2015 (in thousands):

	Gains and Losses on Cash Flow Hedges
Balance as of December 31, 2014	$	5,420
Other comprehensive income before reclassifications:
Change in fair value of derivatives	3,446
Income tax effect	(1,282		)
Net of tax	2,164
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(6,401		)
Income tax effect	2,381
Net of tax	(4,020		)
Net other comprehensive income	(1,856		)
Balance as of June 30, 2015	$	3,564