Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The following tables represent the changes in accumulated other comprehensive income (loss), net of tax, for the three-month periods ended March 31, 2014 and 2013 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2013	$	(688	)	$	(408	)	$	(1,096	)
Other comprehensive loss before reclassifications:
Change in fair value of derivatives	(6,821		)	—			(6,821		)
Income tax effect	2,538			(2,538		)	—
Net of tax	(4,283		)	(2,538		)	(6,821		)
Amounts reclassified from accumulated other comprehensive income (loss):
Oil and gas sales	3,403			—			3,403
Income tax effect	(1,266		)	1,266
Net of tax	2,137			1,266			3,403
Net other comprehensive loss	(2,146		)	(1,272		)	(3,418		)
Balance as of March 31, 2014	$	(2,834	)	$	(1,680	)	$	(4,514	)

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2012	$	521		$	—		$	521
Other comprehensive loss before reclassifications:
Change in fair value of derivatives	(3,523		)	—			(3,523		)
Income tax effect	1,261			(1,261		)	—
Net of tax	(2,262		)	(1,261		)	(3,523		)
Amounts reclassified from accumulated other comprehensive income (loss):
Oil and gas sales	(387		)	—			(387		)
Income tax effect	—			—
Net of tax	(387		)	—			(387		)
Net other comprehensive loss	(2,649		)	(1,261		)	(3,910		)
Balance as of March 31, 2013	$	(2,128	)	$	(1,261	)	$	(3,389	)