Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2019

17. Accumulated Other Comprehensive Income

Components of comprehensive income (loss) are net income (loss) and all changes in equity during a period except those resulting from transactions with owners. Our accumulated other comprehensive income consists of changes in the fair value of our interest rate swap derivative instruments, net of tax, which are designated as cash flow hedges, amortization of terminated interest rate swaps and adjustments related to changes in our ownership of the Partnership.

The following table presents the changes in accumulated other comprehensive income of our derivative cash flow hedges, net of tax and excluding noncontrolling interest, during the three months ended March 31, 2019 and 2018 (in thousands):



	Three Months Ended March 31,
	2019			2018
Beginning accumulated other comprehensive income	$	5,773		$	1,197
Gain (loss) recognized in other comprehensive income (loss), net of tax provision of $0 and $416, respectively ⁽¹⁾	(2,299		)	1,572
(Gain) loss reclassified from accumulated other comprehensive income (loss) to interest expense, net of tax benefit of $0 and $(45), respectively ⁽¹⁾⁽²⁾	(926		)	425
Other comprehensive income (loss) attributable to Archrock stockholders	(3,225		)	1,997
Ending accumulated other comprehensive income	$	2,548		$	3,194

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⁽¹⁾	Included adjustment of $0.7 million related to an increase in the valuation allowance recorded to offset the tax effect of other comprehensive loss recorded during the three months ended March 31, 2019.


⁽²⁾	Included stranded tax effects resulting from the Tax Cuts and Jobs Act, which was implemented in December 2017, of $0.3 million reclassified to accumulated deficit during the three months ended March 31, 2018.

See Note 9 (“Derivatives”) for further details on our interest rate swap derivative instruments.