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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable Inputs

(Level 2)

 

 

Significant

Unobservable Inputs

(Level 3)

 

Fuel hedge contracts

 

$

630

 

 

$

 

 

$

630

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at Reporting Date Using

 

Description

 

At December 31, 2020

 

 

Quoted Prices in

Active Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable Inputs

(Level 2)

 

 

Significant

Unobservable Inputs

(Level 3)

 

Fuel hedge contracts

 

$

1,739

 

 

$

 

 

$

1,739

 

 

$

 

 

 

Schedule of Fair Value of Fuel Hedge Contracts Balance Sheet Location

The fair value of the fuel hedge contracts outstanding as of December 31, 2021 and 2020 is as follows:

 

 

 

Balance Sheet Location

 

Fair Value at December 31,

 

 

 

 

 

2021

 

 

2020

 

Asset derivatives:

 

 

 

 

 

 

 

 

 

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

 

Fuel hedge contracts

 

Other current assets

 

$

630

 

 

$

1,739

 

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:

 

 

 

 

2021

 

 

 

2020

 

 

 

2019

 

Cumulative translation adjustments—net of tax

 

$

 

 

$

 

 

$

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(6,481

)

 

 

5,825

 

 

 

1,458

 

Change in fair value of derivatives—net of tax

 

 

5,653

 

 

 

(5,152

)

 

 

2,646

 

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

 

 

(828

)

 

 

673

 

 

 

4,104

 

Total other comprehensive income (loss)

 

$

(828

)

 

$

673

 

 

$

4,104

 

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

 

 

2021

 

 

 

2020

 

 

 

2019

 

Derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fuel hedge contracts

 

Costs of contract revenues

 

$

(8,670

)

 

$

7,703

 

 

$

1,975

 

 

 

Income tax (provision) benefit

 

 

(2,189

)

 

 

1,878

 

 

 

517

 

 

 

 

 

$

(6,481

)

 

$

5,825

 

 

$

1,458