Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

v2.4.0.8
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) for the nine-month period ended September 30, 2014 are as follows:

 

 

 

Changes in Accumulated Other Comprehensive

Income (Loss) by Component

for the Nine Months Ended September 30, 2014

 

 

 

Gains and

Losses on

Cash Flow

Hedges

 

 

Defined

Benefit

Pension

Plan

 

 

Total

Accumulated

Other

Comprehensive

Income (Loss)

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2013

 

$

(8,859

)

 

$

277

 

 

$

(8,582

)

Other comprehensive income (loss) before reclassifications (1)

 

 

(2,052

)

 

 

-

 

 

 

(2,052

)

Amounts reclassified out of accumulated

 

 

 

 

 

 

 

 

 

 

 

 

other comprehensive income (loss) (2)

 

 

5,290

 

 

 

-

 

 

 

5,290

 

Net current-period other comprehensive income (loss)

 

 

3,238

 

 

 

-

 

 

 

3,238

 

Balance at September 30, 2014

 

$

(5,621

)

 

$

277

 

 

$

(5,344

)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1) Net of tax benefit of $1,257.

 

 

 

 

 

 

 

 

 

 

 

 

(2) Net of tax expense of $3,242.

 

 

 

 

 

 

 

 

 

 

 

 

See the heading “Derivative Instruments and Hedging Activities” in Note 6, “Long-Term Debt,” for further discussion of Sonic’s cash flow hedges. For further discussion of Sonic’s defined benefit pension plan, see Note 10, “Employee Benefit Plans,” of the Notes to Consolidated Financial Statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2013.