ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended March 31 are as follows:



	Net Gains (Losses) on Cash Flow Hedges
	2014		2013
	(In thousands)
Balance at January 1:	$	—	$	7,587
Other comprehensive income before reclassification	—		(9,911		)
Amounts reclassified from accumulated other comprehensive income	—		(1,514		)
New current-period other comprehensive income	—		(11,425		)
Balance at March 31:	$	—	$	(3,838	)

Amounts reclassified from accumulated other comprehensive income (loss) into the Unaudited Condensed Consolidated Statements of Income for the three months ended March 31 are as follows:



	2014		2013			Affected Line Item in the Statement Where Net Income is Presented
	(In thousands)
Net gains (loss) on cash flow hedges
Commodity derivatives	$	—	$	3,831		Oil and natural gas revenues
Commodity derivatives	—		(1,349		)	Loss on derivatives not designated as hedges and hedge ineffectiveness, net
	—		2,482			Total before tax
	—		(968		)	Tax expense
Total reclassification for the period	$	—	$	1,514		Net of tax