Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Loss)

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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2013
Text Block [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, 2013 are as follows:

     Changes in Accumulated Other Comprehensive
Income (Loss) by Component
for the Nine Months Ended September 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)

      2,810        —          2,810   

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

      5,484        —          5,484   
  

 

 

    

 

 

    

 

 

  

Net current-period other comprehensive income (loss)

      8,294        —          8,294   
  

 

 

    

 

 

    

 

 

  

Ending balance at September 30, 2013

    $ (11,194 )    $ (475 )    $ (11,669 ) 
  

 

 

    

 

 

    

 

 

  

 

(1) Net of tax expense of $1,722.
(2) Net of tax expense of $3,361.

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.