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Accumulated Other Comprehensive Income (Loss)
6 Months Ended
Jun. 30, 2014
Accumulated Other Comprehensive Income [Abstract]  
Accumulated other comprehensive income (loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

There was no activity in accumulated other comprehensive income in 2014.

Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended June 30, 2013 are as follows:
 
Net Gains (Losses) on Cash Flow Hedges
 
(In thousands)
Balance at April 1:
$
(3,838
)
Other comprehensive income before reclassification
6,091

Amounts reclassified from accumulated other comprehensive income
(544
)
New current-period other comprehensive income
5,547

Balance at June 30:
$
1,709



Amounts reclassified from accumulated other comprehensive income (loss) into the Unaudited Condensed Consolidated Statements of Income for the three months ended June 30, 2013 are as follows:
 
Amount
 
Affected Line Item in the Statement Where Net Income is Presented
 
(In thousands)
 
 
Net gains (loss) on cash flow hedges
 
 
 
Commodity derivatives
$
(823
)
 
Oil and natural gas revenues
Commodity derivatives
1,717

 
Gain on derivatives not designated as hedges and hedge ineffectiveness, net
 
894

 
Total before tax
 
(350
)
 
Tax expense
Total reclassification for the period
$
544

 
Net of tax


Changes in accumulated other comprehensive income (loss) by component, net of tax, for the six months ended June 30, 2013 are as follows:
 
Net Gains (Losses) on Cash Flow Hedges
 
(In thousands)
Balance at January 1:
$
7,587

Other comprehensive income before reclassification
(3,820
)
Amounts reclassified from accumulated other comprehensive income
(2,058
)
New current-period other comprehensive income
(5,878
)
Balance at June 30:
$
1,709



Amounts reclassified from accumulated other comprehensive income (loss) into the Unaudited Condensed Consolidated Statements of Income for the six months ended June 30, 2013 are as follows:
 
Amount
 
Affected Line Item in the Statement Where Net Income is Presented
 
(In thousands)
 
 
Net gains (loss) on cash flow hedges
 
 
 
Commodity derivatives
$
3,008

 
Oil and natural gas revenues
Commodity derivatives
368

 
Gain on derivatives not designated as hedges and hedge ineffectiveness, net
 
3,376

 
Total before tax
 
(1,318
)
 
Tax expense
Total reclassification for the period
$
2,058

 
Net of tax