Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The changes in accumulated other comprehensive income (loss) by component for the six months ended June 30, 2020 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, 2019 $ (1,326)   $ (736)   $ (2,062)  
Other comprehensive income (loss) before reclassifications (1) 632    —    632   
Amounts reclassified out of accumulated other comprehensive income (loss) (2) (1,159)   —    (1,159)  
Net current-period other comprehensive income (loss) (527)   —    (527)  
Balance at June 30, 2020 $ (1,853)   $ (736)   $ (2,589)  
(1)Net of tax expense of $148 related to cash flow hedges.
(2)Net of tax benefit of $473 related to cash flow hedges.
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, 2019.