Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2020

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Reclassifications out of accumulated other comprehensive income (loss) by component are as follows: 

Details about accumulated other comprehensive (income) loss components	Three months ended June 30,				Six months ended June 30,				Affected line items in the statement where net income is presented
	2020		2019		2020		2019
	(in thousands)
Derivative instruments under ASC 815
Foreign currency derivative gains, net	$	(1,961)	$	(1,749)	$	(3,075)	$	(3,336)	Passenger revenue
Foreign currency derivative gains, net	(1,577)		—		(4,363)		—		Nonoperating Income (Expense), Other, net
Total before tax	(3,538)		(1,749)		(7,438)		(3,336)
Tax expense	875		426		1,840		817
Total, net of tax	$	(2,663)	$	(1,323)	$	(5,598)	$	(2,519)
Amortization of defined benefit plan items
Actuarial loss	$	922	$	831	$	1,844	$	1,662	Nonoperating Income (Expense), Other, net
Prior service cost	56		56		112		112		Nonoperating Income (Expense), Other, net
Total before tax	978		887		1,956		1,774
Tax benefit	(242)		(218)		(484)		(386)
Total, net of tax	$	736	$	669	$	1,472	$	1,388
Short-term investments
Realized losses (gain) on sales of investments, net	$	(384)	$	69	$	(371)	$	(28)	Nonoperating Income (Expense), Other, net
Total before tax	(384)		69		(371)		(28)
Tax expense (benefit)	95		(17)		92		7
Total, net of tax	$	(289)	$	52	$	(279)	$	(21)
Total reclassifications for the period	$	(2,216)	$	(602)	$	(4,405)	$	(1,152)

A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three and six months ended June 30, 2020 and 2019 is as follows:

Three months ended June 30, 2020	Foreign Currency Derivatives		Defined Benefit Plan Items		Short-Term Investments		Total
	(in thousands)
Beginning balance	$	3,685	$	(107,430)	$	1,193	$	(102,552)
Other comprehensive income before reclassifications, net of tax	244		—		1,354		1,598
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(2,663)		736		(289)		(2,216)
Net current-period other comprehensive income (loss)	(2,419)		736		1,065		(618)
Ending balance	$	1,266	$	(106,694)	$	2,258	$	(103,170)

Three months ended June 30, 2019	Foreign Currency Derivatives		Defined Benefit Plan Items		Short-Term Investments		Total
	(in thousands)
Beginning balance	$	4,462	$	(95,279)	$	(62)	$	(90,879)
Other comprehensive income (loss) before reclassifications, net of tax	(2,323)		—		717		(1,606)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(1,323)		669		52		(602)
Net current-period other comprehensive income (loss)	(3,646)		669		769		(2,208)
Ending balance	$	816	$	(94,610)	$	707	$	(93,087)

Six months ended June 30, 2020	Foreign Currency Derivatives		Defined Benefit Plan Items		Short-Term Investments		Total
	(in thousands)
Beginning balance	$	3,341	$	(108,028)	$	804	$	(103,883)
Other comprehensive income (loss) before reclassifications, net of tax	3,523		(138)		1,733		5,118
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(5,598)		1,472		(279)		(4,405)
Net current-period other comprehensive income (loss)	(2,075)		1,334		1,454		713
Ending balance	$	1,266	$	(106,694)	$	2,258	$	(103,170)

Six months ended June 30, 2019	Foreign Currency Derivatives		Defined Benefit Plan Items		Short-Term Investments		Total
	(in thousands)
Beginning balance	$	3,317	$	(95,855)	$	(602)	$	(93,140)
Other comprehensive income (loss) before reclassifications, net of tax	18		(143)		1,330		1,205
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(2,519)		1,388		(21)		(1,152)
Net current-period other comprehensive income (loss)	(2,501)		1,245		1,309		53
Ending balance	$	816	$	(94,610)	$	707	$	(93,087)