Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements and Derivatives (Tables)

v3.6.0.2
Fair Value Measurements and Derivatives (Tables)
12 Months Ended
Dec. 31, 2016
Schedule of derivatives measured at fair value
        Asset     Liability  
    Balance Sheet location   December 31,
2016
    December 31,
2015
    December 31,
2016
    December 31,
2015
 
Fuel swaps designated as hedging instruments                                    
    Prepaid expenses and other assets   $ 20,288     $     $     $  
                                     
    Accrued expenses and other liabilities                 44,271       128,740  
                                     
    Other long-term liabilities     13,237             38,608       132,494  
Foreign currency forward contracts designated as hedging instruments                                    
    Other long-term assets     14       3,446             1,370  
                                     
    Accrued expenses and other liabilities                 61,788       8,737  
                                     
    Other long-term liabilities           551       88,920       24,181  
Foreign currency collar not designated as a hedging instrument                                    
    Accrued expenses and other liabilities                       42,993  
Interest rate swaps designated as hedging instruments                                    
    Accrued expenses and other liabilities                 3,331       4,079  
                                     
    Other long-term liabilities                 1,151       3,395  
Schedule of gross and net amounts recognized within assets and liabilities
December 31, 2016   Gross Amounts     Gross
Amounts
Offset
    Total Net
Amounts
    Gross
Amounts Not
Offset
    Net Amounts  
                               
Assets   $ 20,302     $     $ 20,302     $ (14 )   $ 20,288  
Liabilities     238,069       (13,237 )     224,832       (155,190 )     69,642  
 
December 31, 2015   Gross Amounts     Gross
Amounts
Offset
    Total Net
Amounts
    Gross
Amounts Not
Offset
    Net Amounts  
                               
Assets   $ 3,446     $ (1,370 )   $ 2,076     $ (2,043 )   $ 33  
Liabilities     344,619       (551 )     344,068       (336,645 )     7,423  
Fuel Swaps  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Gain (loss) recognized in other comprehensive income (loss) – effective portion   $ 127,470     $ (173,513 )   $ (198,595 )
Loss recognized in other income (expense), net – ineffective portion     (12,850 )     (16,011 )     (5,753 )
Amount reclassified from accumulated other comprehensive income (loss) into fuel expense     85,448       75,808       8,388  
Fuel Collars And Options  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other comprehensive income (loss) – effective portion   $     $     $ (1,024 )
Loss recognized in other income (expense), net – ineffective portion                 (292 )
Amount reclassified from accumulated other comprehensive income (loss) into fuel expense           248       1,888  
Foreign currency forward contracts  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other comprehensive income (loss) – effective portion   $ (124,058 )   $ (84,187 )   $ (30,686 )
Loss recognized in other income (expense), net – ineffective portion     (270 )     (343 )     (7 )
Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense     2,625       116       (243 )
Foreign currency collar  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other comprehensive income (loss) – effective portion   $     $     $ (1,588 )
Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense     (364 )     (364 )     (333 )
Interest rates swaps  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other comprehensive income (loss) – effective portion   $ (1,701 )   $ (5,152 )   $ (5,386 )
Gain (loss) recognized in other income (expense), net – ineffective portion     3       (23 )      
Amount reclassified from other comprehensive income (loss) into interest expense, net     3,946       4,614       2,385  
Not Designated as Hedging Instrument | Fuel Swaps  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Amount reclassified from accumulated other comprehensive income (loss) into other income (expense), net   $ 2,994     $ 10,000     $  
Loss recognized in other income (expense), net     (271 )     (4,727 )      
Not Designated as Hedging Instrument | Fuel Collars And Options  
Schedule of effects of derivatives not designated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other income (expense), net   $     $     $ (864 )
Not Designated as Hedging Instrument | Foreign currency forward contracts  
Schedule of effects of derivatives not designated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Gain (loss) recognized in other income (expense), net   $ (6,133 )   $ 684     $  
Not Designated as Hedging Instrument | Foreign currency collar  
Schedule of effects of derivatives not designated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Gain (loss) recognized in other income (expense), net   $ 10,312     $ (26,249 )   $ (6,980 )
Not Designated as Hedging Instrument | Interest rates swaps  
Schedule of effects of derivatives not designated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other income (expense), net   $     $ (2 )   $ (3 )
                         
Designated as Hedging Instrument | Foreign currency options  
Schedule of effects of derivatives designated and dedesignated as cash flow hedges
    Year Ended December 31,  
    2016     2015     2014  
Loss recognized in other comprehensive income (loss) – effective portion   $     $     $ (1,157 )
Loss recognized in other income (expense), net – ineffective portion                 (241 )
Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense     1,320       1,320       1,269