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Shareholders' Equity
 12 Months Ended
Dec. 31, 2014
Shareholders' Equity [Abstract]  
Shareholders' Equity

Note 9 — Shareholders’ Equity 

 

Our amended and restated Articles of Incorporation provide for authorized Common Stock of 240,000,000 shares with no stated par value per share and 5,000,000 shares of preferred stock, $0.01 par value per share issuable in one or more series.

 

The components of Accumulated OCI as of December 31, 2014 and 2013 are as follows (in thousands): 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

 

 

 

 

 

 

Cumulative foreign currency translation adjustment

$
(30,161)

$
(10,697)

 

Unrealized loss on hedges, net (1)

 
(32,091)

 
(9,991)

 

Accumulated other comprehensive loss

$
(62,252)

$
(20,688)

 

 

(1)

Amounts relate to foreign currency hedges for the Grand Canyon, the Grand Canyon II and the Grand Canyon III charters as well as interest rate swap contracts for the Term Loan, and are net of deferred income taxes totaling $17.3 million and $5.4 million as of December 31, 2014 and 2013, respectively (Note 15).