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Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2017
Other Comprehensive Income (Loss) [Abstract]  
Components And Allocated Tax Effects Of Other Comprehensive Income (Loss)
The components and allocated tax effects of other comprehensive income (loss) are as follows:
 
 
Before-Tax
 
Tax Expense
(Benefit)
 
After-Tax
 
 
(In thousands)
Three Months Ended June 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
14,298

 
$
4,433

 
$
9,865

Net unrealized gain on hedging instruments
 
1,232

 
503

 
729

Other comprehensive income
 
15,530

 
4,936

 
10,594

Less other comprehensive loss attributable to noncontrolling interest
 
(67
)
 
—

 
(67
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
15,597

 
$
4,936

 
$
10,661

 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 
 
 
 
 
Net unrealized gain on marketable securities
 
$
12

 
$
4

 
$
8

Net unrealized gain on hedging instruments
 
16,900

 
6,574

 
10,326

Other comprehensive income
 
16,912

 
6,578

 
10,334

Less other comprehensive loss attributable to noncontrolling interest
 
(85
)
 
—

 
(85
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
16,997

 
$
6,578

 
$
10,419

 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
Net change in foreign currency translation adjustment
 
$
7,585

 
$
2,654

 
$
4,931

Net unrealized loss on marketable securities
 
(4
)
 
(1
)
 
(3
)
Net unrealized gain on hedging instruments
 
5,276

 
2,048

 
3,228

Other comprehensive income
 
12,857

 
4,701

 
8,156

Less other comprehensive loss attributable to noncontrolling interest
 
(17
)
 
—

 
(17
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
12,874

 
$
4,701

 
$
8,173

 
 
 
 
 
 
 
Six Months Ended June 30, 2016
 
 
 
 
 
 
Net unrealized gain on marketable securities
 
$
113

 
$
44

 
$
69

Net unrealized gain on hedging instruments
 
15,852

 
6,273

 
9,579

Other comprehensive income
 
15,965

 
6,317

 
9,648

Less other comprehensive loss attributable to noncontrolling interest
 
(360
)
 
—

 
(360
)
Other comprehensive income attributable to HollyFrontier stockholders
 
$
16,325

 
$
6,317

 
$
10,008
Reclassifications from Other Comprehensive Income to Income Statement
The following table presents the income statement line item effects for reclassifications out of accumulated other comprehensive income (“AOCI”):
AOCI Component
 
Gain (Loss) Reclassified From AOCI
 
Income Statement Line Item
 
 
(In thousands)
 
 
 
 
Three Months Ended June 30,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
$
4,476

 
$
(15,897
)
 
Sales and other revenues
 
 
(4,421
)
 
(6,283
)
 
Operating expenses
Interest rate swaps
 
102

 
(113
)
 
Interest expense
 
 
157

 
(22,293
)
 
 
 
 
36

 
(8,601
)
 
Income tax expense (benefit)
 
 
121

 
(13,692
)
 
Net of tax
 
 
(65
)
 
69

 
Noncontrolling interest
 
 
56

 
(13,623
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
56

 
$
(13,623
)
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30,
 
 
 
 
2017
 
2016
 
 
 
 
 
 
 
 
 
Marketable securities
 
$
—

 
$
(23
)
 
Interest income
 
 
—

 
(9
)
 
Income tax benefit
 
 
—

 
(14
)
 
Net of tax
 
 
 
 
 
 
 
Hedging instruments:
 
 
 
 
 
 
Commodity price swaps
 
8,426

 
(20,653
)
 
Sales and other revenues
 
 
(299
)
 
—

 
Cost of products sold
 
 
(8,716
)
 
(12,853
)
 
Operating expenses
Interest rate swaps
 
115

 
(343
)
 
Interest expense
 
 
(474
)
 
(33,849
)
 
 
 
 
(212
)
 
(13,019
)
 
Income tax benefit
 
 
(262
)
 
(20,830
)
 
Net of tax
 
 
(73
)
 
209

 
Noncontrolling interest
 
 
(335
)
 
(20,621
)
 
Net of tax and noncontrolling interest
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(335
)
 
$
(20,635
)
 
 
Accumulated Other Comprehensive Loss In Equity
Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:
 
 
June 30,
2017
 
December 31,
2016
 
 
(In thousands)
Foreign currency translation adjustment
 
$
4,931

 
$
—

Unrealized gain on post-retirement benefit obligations
 
20,055

 
20,055

Unrealized gain on marketable securities
 
—

 
3

Unrealized loss on hedging instruments, net of noncontrolling interest
 
(6,201
)
 
(9,446
)
Accumulated other comprehensive income
 
$
18,785

 
$
10,612