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Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2019

Other Comprehensive Income (Loss) [Abstract]

16.OTHER COMPREHENSIVE INCOME (LOSS)

Other comprehensive income (loss) includes changes in the fair value of interest rate swaps and fuel hedges that qualify for hedge accounting. The components of other comprehensive income (loss) and related tax effects for the three and six months ended June 30, 2019 and 2018 are as follows:


	Three months ended June 30, 2019
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	(2,472)	$	655	$	(1,817)
Changes in fair value of interest rate swaps		(25,615)		6,788		(18,827)
Foreign currency translation adjustment		43,135		—		43,135
	$	15,048	$	7,443	$	22,491


	Three months ended June 30, 2018
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	(1,273)	$	337	$	(936)
Fuel hedge amounts reclassified into cost of operations		(1,688)		420		(1,268)
Changes in fair value of interest rate swaps		3,196		(847)		2,349
Changes in fair value of fuel hedges		2,045		(504)		1,541
Foreign currency translation adjustment		(43,474)		—		(43,474)
	$	(41,194)	$	(594)	$	(41,788)


	Six Months Ended June 30, 2019
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	(4,944)	$	1,310	$	(3,634)
Changes in fair value of interest rate swaps		(41,336)		10,954		(30,382)
Foreign currency translation adjustment		85,315		—		85,315
	$	39,035	$	12,264	$	51,299


	Six Months Ended June 30, 2018
	Gross		Tax effect		Net of tax
Interest rate swap amounts reclassified into interest expense	$	(1,872)	$	496	$	(1,376)
Fuel hedge amounts reclassified into cost of operations		(2,837)		706		(2,131)
Changes in fair value of interest rate swaps		14,965		(3,965)		11,000
Changes in fair value of fuel hedges		2,661		(657)		2,004
Foreign currency translation adjustment		(102,804)		—		(102,804)
	$	(89,887)	$	(3,420)	$	(93,307)

A rollforward of the amounts included in AOCIL, net of taxes, for the six months ended June 30, 2019 and 2018, is as follows:


			Foreign		Accumulated
			Currency		Other
	Interest		Translation		Comprehensive
	Rate Swaps		Adjustment		Income (Loss)
Balance at December 31, 2018	$	8,892	$	(83,678)	$	(74,786)
Amounts reclassified into earnings		(3,634)		—		(3,634)
Changes in fair value		(30,382)		—		(30,382)
Foreign currency translation adjustment		—		85,315		85,315
Balance at June 30, 2019	$	(25,124)	$	1,637	$	(23,487)


					Foreign		Accumulated
					Currency		Other
			Interest		Translation		Comprehensive
	Fuel Hedges		Rate Swaps		Adjustment		Income (Loss)
Balance at December 31, 2017	$	2,907	$	13,951	$	91,555	$	108,413
Amounts reclassified into earnings		(2,131)		(1,376)		—		(3,507)
Changes in fair value		2,004		11,000		—		13,004
Foreign currency translation adjustment		—		—		(102,804)		(102,804)
Balance at June 30, 2018	$	2,780	$	23,575	$	(11,249)	$	15,106

See Note 12 for further discussion on the Company’s derivative instruments.