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Other Comprehensive Income (Loss)

9 Months Ended

Sep. 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 nine months ended September 30, 2019 and 2018 are as follows:


	Three Months Ended September 30, 2019
	Gross		Tax Effect		Net of Tax
Interest rate swap amounts reclassified into interest expense	$	(1,974)	$	523	$	(1,451)
Changes in fair value of interest rate swaps		(15,482)		4,103		(11,379)
Foreign currency translation adjustment		(24,911)		—		(24,911)
	$	(42,367)	$	4,626	$	(37,741)


	Three Months Ended September 30, 2018
	Gross		Tax Effect		Net of Tax
Interest rate swap amounts reclassified into interest expense	$	4,279	$	(1,134)	$	3,145
Fuel hedge amounts reclassified into cost of operations		(1,810)		451		(1,359)
Changes in fair value of interest rate swaps		863		(229)		634
Changes in fair value of fuel hedges		295		(73)		222
Foreign currency translation adjustment		35,455		—		35,455
	$	39,082	$	(985)	$	38,097


	Nine Months Ended September 30, 2019
	Gross		Tax Effect		Net of Tax
Interest rate swap amounts reclassified into interest expense	$	(6,918)	$	1,833	$	(5,085)
Changes in fair value of interest rate swaps		(56,818)		15,057		(41,761)
Foreign currency translation adjustment		60,404		—		60,404
	$	(3,332)	$	16,890	$	13,558


	Nine Months Ended September 30, 2018
	Gross		Tax Effect		Net of Tax
Interest rate swap amounts reclassified into interest expense	$	2,407	$	(638)	$	1,769
Fuel hedge amounts reclassified into cost of operations		(4,647)		1,157		(3,490)
Changes in fair value of interest rate swaps		15,828		(4,194)		11,634
Changes in fair value of fuel hedges		2,956		(730)		2,226
Foreign currency translation adjustment		(67,349)		—		(67,349)
	$	(50,805)	$	(4,405)	$	(55,210)

A rollforward of the amounts included in AOCIL, net of taxes, for the nine months ended September 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		(5,085)		—		(5,085)
Changes in fair value		(41,761)		—		(41,761)
Foreign currency translation adjustment		—		60,404		60,404
Balance at September 30, 2019	$	(37,954)	$	(23,274)	$	(61,228)


					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		(3,490)		1,769		—		(1,721)
Changes in fair value		2,226		11,634		—		13,860
Foreign currency translation adjustment		—		—		(67,349)		(67,349)
Balance at September 30, 2018	$	1,643	$	27,354	$	24,206	$	53,203

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