Other Comprehensive Income

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Other Comprehensive Income

Other Comprehensive Income

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the three month period ended June 30, 2017 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of March 31, 2017	$	(981	)	$	(581	)	$	(1,562	)
Other comprehensive income before reclassifications:
Change in fair value of derivatives	2,179			—			2,179
Income tax effect	(810		)	581			(229		)
Net of tax	1,369			581			1,950
Amounts reclassified from accumulated other comprehensive loss:
Oil and gas sales	(108		)	—			(108		)
Income tax effect	40			—			40
Net of tax	(68		)	—			(68		)
Net other comprehensive income	1,301			581			1,882
Balance as of June 30, 2017	$	320		$	—		$	320

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the six month period ended June 30, 2017 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2016	$	(2,983	)	$	(1,767	)	$	(4,750	)
Other comprehensive income before reclassifications:
Change in fair value of derivatives	5,045			—			5,045
Income tax effect	(1,876		)	1,767			(109		)
Net of tax	3,169			1,767			4,936
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	214			—			214
Income tax effect	(80		)	—			(80		)
Net of tax	134			—			134
Net other comprehensive loss	3,303			1,767			5,070
Balance as of June 30, 2017	$	320		$	—		$	320

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the three month period ended June 30, 2016 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of March 31, 2016	$	802		$	—		$	802
Other comprehensive income before reclassifications:
Change in fair value of derivatives	(595		)	—			(595		)
Income tax effect	221			(176		)	45
Net of tax	(374		)	(176		)	(550		)
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(1,155		)	—			(1,155		)
Income tax effect	430			—			430
Net of tax	(725		)	—			(725		)
Net other comprehensive loss	(1,099		)	(176		)	(1,275		)
Balance as of June 30, 2016	$	(297	)	$	(176	)	$	(473	)

The following table represents the changes in accumulated other comprehensive income (loss), net of tax, for the six month period ended June 30, 2016 (in thousands):

	Gains and Losses on Cash Flow Hedges			Change in Valuation Allowance			Total
Balance as of December 31, 2015	$	947		$	—		$	947
Other comprehensive income before reclassifications:
Change in fair value of derivatives	206			—			206
Income tax effect	(77		)	(176		)	(253		)
Net of tax	129			(176		)	(47		)
Amounts reclassified from accumulated other comprehensive income:
Oil and gas sales	(2,187		)	—			(2,187		)
Income tax effect	814			—			814
Net of tax	(1,373		)	—			(1,373		)
Net other comprehensive loss	(1,244		)	(176		)	(1,420		)
Balance as of June 30, 2016	$	(297	)	$	(176	)	$	(473	)