Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2017

The components of other comprehensive income (loss) and related tax effects for the three month periods ended March 31, 2017 and 2016 are as follows:


	Three months ended March 31, 2017
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,081	$	(286)	$	795
Fuel hedge amounts reclassified into cost of operations		964		(368)		596
Changes in fair value of interest rate swaps		1,027		(272)		755
Changes in fair value of fuel hedges		(3,224)		1,230		(1,994)
Foreign currency translation adjustment		17,434		-		17,434
	$	17,282	$	304	$	17,586


	Three months ended March 31, 2016
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	1,711	$	(651)	$	1,060
Fuel hedge amounts reclassified into cost of operations		1,801		(685)		1,116
Changes in fair value of interest rate swaps		(6,689)		2,545		(4,144)
Changes in fair value of fuel hedges		(1,305)		497		(808)
	$	(4,482)	$	1,706	$	(2,776)

A rollforward of the amounts included in AOCL, net of taxes, for the three months ended March 31, 2017 and 2016, is as follows:


	Fuel Hedges		Interest Rate Swaps		Foreign Currency Translation Adjustment		Accumulated Other Comprehensive Loss
Balance at December 31, 2016	$	(164)	$	8,094	$	(50,931)	$	(43,001)
Amounts reclassified into earnings		596		795		-		1,391
Changes in fair value		(1,994)		755		-		(1,239)
Foreign currency translation adjustment		-		-		17,434		17,434
Balance at March 31, 2017	$	(1,562)	$	9,644	$	(33,497)	$	(25,415)


	Fuel Hedges		Interest Rate Swaps		Accumulated Other Comprehensive Loss
Balance at December 31, 2015	$	(6,134)	$	(6,037)	$	(12,171)
Amounts reclassified into earnings		1,116		1,060		2,176
Changes in fair value		(808)		(4,144)		(4,952)
Balance at March 31, 2016	$	(5,826)	$	(9,121)	$	(14,947)