Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

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Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2018 are as follows:

Gains and
Losses on
Cash Flow
Hedges
 
Defined
Benefit
Pension
Plan
 
Total
Accumulated
Other
Comprehensive
Income (Loss)
 
(In thousands)
Balance at December 31, 2017
$
1,750

 
$
(443
)
 
$
1,307

Other comprehensive income (loss) before reclassifications (1)
2,691

 
—

 
2,691

    Amounts reclassified out of accumulated
       other comprehensive income (loss) (2)
223

 
—

 
223

Net current-period other comprehensive income (loss)
2,914

 
—

 
2,914

Balance at March 31, 2018
$
4,664

 
$
(443
)
 
$
4,221

(1)
Net of tax expense of $1,046.
(2)
Net of tax expense of $84.
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,” to the consolidated financial statements in Sonic’s Annual Report on Form 10-K for the year ended December 31, 2017.