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, 2013
Accumulated Other Comprehensive Income (Loss) [Abstract]  
Accumulated Other Comprehensive Income (Loss)

10. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) for the six-month period ended June 30, 2013 are as follows:

 

                         
    Changes in Accumulated Other Comprehensive
Income (Loss) by Component
for the Six Months Ended June 30, 2013
 
    Gains and
Losses on
Cash Flow
Hedges
    Defined
Benefit
Pension
Plan
    Total
Accumulated
Other
Comprehensive
Income (Loss)
 
    (In thousands)  
       

Beginning balance at December 31, 2012

  $ (19,488   $ (475   $ (19,963

Other comprehensive income (loss) before reclassifications (1)

    4,440       —         4,440  

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

    3,637       —         3,637  
   

 

 

   

 

 

   

 

 

 

Net current-period other comprehensive income (loss)

    8,077       —         8,077  
   

 

 

   

 

 

   

 

 

 

Ending balance at June 30, 2013

  $ (11,411   $ (475   $ (11,886
   

 

 

   

 

 

   

 

 

 

 

(1) Net of tax expense of $2,721.
(2) Net of tax expense of $2,229.

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, 2012.