Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2019

The components and allocated tax effects of other comprehensive income are as follows:



	Before-Tax			Tax Expense (Benefit)			After-Tax
	(In thousands)
Three Months Ended March 31, 2019
Net change in foreign currency translation adjustment	$	4,363		$	905		$	3,458
Net unrealized gain on hedging instruments	13,948			3,557			10,391
Net change in pension and other post-retirement benefit obligations	(74		)	—			(74		)
Other comprehensive income attributable to HollyFrontier stockholders	$	18,237		$	4,462		$	13,775

Three Months Ended March 31, 2018
Net change in foreign currency translation adjustment	$	(11,940	)	$	(2,464	)	$	(9,476	)
Net unrealized loss on hedging instruments	(5,516		)	(1,412		)	(4,104		)
Other comprehensive loss attributable to HollyFrontier stockholders	$	(17,456	)	$	(3,876	)	$	(13,580	)

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 March 31,
	2019			2018

Hedging instruments:
Commodity price swaps	$	(1,799	)	$	1,647		Sales and other revenues
	3,622			—			Cost of products sold
	(181		)	(456		)	Operating expenses
	1,642			1,191
	419			304			Income tax expense
Total reclassifications for the period	$	1,223		$	887		Net of tax

Accumulated other comprehensive income in the equity section of our consolidated balance sheets includes:



	March 31, 2019			December 31, 2018
	(In thousands)
Foreign currency translation adjustment	$	(9,218	)	$	(12,676	)
Unrealized loss on pension obligation	(1,476		)	(1,404		)
Unrealized gain on post-retirement benefit obligations	20,356			20,358
Unrealized gain on hedging instruments	17,736			7,345
Accumulated other comprehensive income	$	27,398		$	13,623