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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2018
Fair Value Disclosures [Abstract]  
Schedule of Fair Values of Financial Instruments and Nonfinancial Assets and Liabilities Measured at the Reporting Date The fair values of these financial instruments are summarized as follows:

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

At December 31, 2018

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable Inputs

(Level 2)

 

 

Significant

Unobservable Inputs

(Level 3)

 

Fuel hedge contracts

 

$

4,710

 

 

$

 

 

$

4,710

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

At December 31, 2017

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable Inputs

(Level 2)

 

 

Significant

Unobservable Inputs

(Level 3)

 

Fuel hedge contracts

 

$

2,501

 

 

$

 

 

$

2,501

 

 

$

 

 

Schedule of Fair Value of Fuel Hedge Contracts Balance Sheet Location

The fair value of the fuel hedge contracts outstanding as of December 31, 2018 and 2017 is as follows:

 

 

 

Balance Sheet Location

 

Fair Value at December 31,

 

 

 

 

 

2018

 

 

2017

 

Asset derivatives:

 

 

 

 

 

 

 

 

 

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

Fuel hedge contracts

 

Other current assets

 

$

 

 

$

2,501

 

 

 

 

 

 

 

 

 

 

 

 

Liability derivatives:

 

 

 

 

 

 

 

 

 

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

Fuel hedge contracts

 

Accrued expenses

 

$

4,710

 

 

$

 

Changes in Components of Accumulated Other Comprehensive Income (Loss)

Changes in the components of the accumulated balances of other comprehensive income (loss) are as follows:

 

 

 

 

2018

 

 

 

2017

 

 

 

2016

 

Cumulative translation adjustments—net of tax

 

$

1,513

 

 

$

(41

)

 

$

508

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification of derivative (gains) losses to earnings—net of tax

 

 

(1,569

)

 

 

(218

)

 

 

30

 

Change in fair value of derivatives—net of tax

 

 

(3,756

)

 

 

1,407

 

 

 

300

 

Net unrealized (gain) loss on derivatives—net of tax

 

 

(5,325

)

 

 

1,189

 

 

 

330

 

Total other comprehensive income (loss)

 

$

(3,812

)

 

$

1,148

 

 

$

838

 

Adjustments Reclassified from Accumulated Balances Other Comprehensive Income (Loss) to Earnings

Adjustments reclassified from accumulated balances of other comprehensive income (loss) to earnings are as follows:

 

 

 

Statement of Operations Location

 

 

2018

 

 

 

2017

 

 

 

2016

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel hedge contracts

 

Costs of contract revenues

 

$

(2,125

)

 

$

(358

)

 

$

50

 

 

 

Income tax (provision) benefit

 

 

(556

)

 

 

140

 

 

 

20

 

 

 

 

 

$

(1,569

)

 

$

(218

)

 

$

30

 

Adjustments reclassified from accumulated balances of other comprehensive income (loss) to earnings are as follows:

 

 

Statement of Operations Location

 

 

2018

 

 

 

2017

 

 

 

2016

 

Cumulative translation adjustment:

 

Other expense

 

$

(2,337

)

 

$

 

 

$

 

 

 

Income tax benefit

 

 

612

 

 

 

 

 

 

 

 

 

 

 

$

(1,725

)

 

$

 

 

$