Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2020

The changes in accumulated other comprehensive income (loss) 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 before reclassifications (1)	1,517		1,642		3,159
Amounts reclassified out of accumulated other comprehensive income (loss) (2)	(233)		—		(233)
Net current-period other comprehensive income	1,284		1,642		2,926
Balance at December 31, 2018	$	3,034	$	1,199	$	4,233
Other comprehensive income (loss) before reclassifications (3)	(1,646)		(1,935)		(3,581)
Amounts reclassified out of accumulated other comprehensive income (loss) (4)	(2,714)		—		(2,714)
Net current-period other comprehensive income (loss)	(4,360)		(1,935)		(6,295)
Balance at December 31, 2019	$	(1,326)	$	(736)	$	(2,062)
Other comprehensive income (loss) before reclassifications (5)	1,140		(1,336)		(196)
Amounts reclassified out of accumulated other comprehensive income (loss) (6)	(1,358)		—		(1,358)
Net current-period other comprehensive income (loss)	(218)		(1,336)		(1,554)
Balance at December 31, 2020	$	(1,544)	$	(2,072)	$	(3,616)

(1)Net of tax expense of $548 related to gains on cash flow hedges and tax expense of $726 related to the defined benefit pension plan.

(2)Net of tax benefit of $88 related to gains on cash flow hedges.

(3)Net of tax benefit of $836 related to gains on cash flow hedges and tax benefit of $734 related to the defined benefit pension plan.

(4)Net of tax benefit of $1,108 related to gains on cash flow hedges.

(5)Net of tax expense of $337 related to cash flow hedges and tax benefit of $507 related to the defined benefit pension plan.

(6)Net of tax benefit of $555 related to cash flow hedges.