Other Comprehensive Income

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the three month period ended September 30, 2017 (in thousands):



	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance		Total
Balance as of June 30, 2017	$	320		$	—	$	320
Other comprehensive income before reclassifications:
Change in fair value of derivatives	591					591
Income tax effect	(220		)			(220		)
Net of tax	371			—		371
Amounts reclassified from accumulated other comprehensive loss:
Oil and gas sales	(618		)	—		(618		)
Income tax effect	230			—		230
Net of tax	(388		)	—		(388		)
Net other comprehensive income	(17		)	—		(17		)
Balance as of September 30, 2017	$	303		$	—	$	303

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the nine month period ended September 30, 2017 (in thousands):



	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2016	$	(2,983	)	$	(1,767	)	$	(4,750	)
Other comprehensive income before reclassifications:
Change in fair value of derivatives	5,636						5,636
Income tax effect	(2,096		)	1,767			(329		)
Net of tax	3,540			1,767			5,307
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(404		)	—			(404		)
Income tax effect	150			—			150
Net of tax	(254		)	—			(254		)
Net other comprehensive loss	3,286			1,767			5,053
Balance as of September 30, 2017	$	303		$	—		$	303

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



	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of June 30, 2016	$	(297	)	$	(176	)	$	(473	)
Other comprehensive income before reclassifications:
Change in fair value of derivatives	101			—			101
Income tax effect	(37		)	91			54
Net of tax	64			91			155
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	144			—			144
Income tax effect	(54		)	—			(54		)
Net of tax	90			—			90
Net other comprehensive loss	154			91			245
Balance as of September 30, 2016	$	(143	)	$	(85	)	$	(228	)

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the nine month period ended September 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	307			—			307
Income tax effect	(114		)	(85		)	(199		)
Net of tax	193			(85		)	108
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(2,043		)	—			(2,043		)
Income tax effect	760			—			760
Net of tax	(1,283		)	—			(1,283		)
Net other comprehensive loss	(1,090		)	(85		)	(1,175		)
Balance as of September 30, 2016	$	(143	)	$	(85	)	$	(228	)