Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements and Derivatives (Tables)

v3.10.0.1
Fair Value Measurements and Derivatives (Tables)
6 Months Ended
Jun. 30, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of derivatives measured at fair value and discloses the balance sheet location
        Asset     Liability  
    Balance Sheet location   June 30,
2018
    December 31,
2017
    June 30,
2018
    December 31,
2017
 
Fuel contracts designated as hedging instruments                          
    Prepaid expenses and other assets   $ 48,058     $ 19,220     $     $ 2,406  
    Other long-term assets     32,482       19,854       658       3,469  
    Accrued expenses and other liabilities                       3,348  
    Other long-term liabilities           576             2,148  
Foreign currency contracts designated as hedging instruments                                    
    Prepaid expenses and other assets     3,502       52,300             730  
    Other long-term assets     42,186       85,081       2,960        
    Other long-term liabilities                 4,760        
Interest contracts designated as hedging instruments                                    
    Prepaid expenses and other assets     621                    
    Other long-term assets     1,362                    
    Accrued expenses and other liabilities                       1,020  
Total derivatives designated as hedging instruments       $ 128,211     $ 177,031     $ 8,378     $ 13,121  
Schedule of discloses the gross and net amounts recognized within assets and liabilities
June 30, 2018   Gross Amounts     Gross
Amounts
Offset
    Total Net
Amounts
    Gross
Amounts Not
Offset
    Net Amounts  
Assets   $ 128,211     $ (3,618 )   $ 124,593     $ (42,913 )   $ 81,680  
Liabilities     4,760             4,760       (4,760 )      

  

December 31, 2017   Gross Amounts     Gross
Amounts
Offset
    Total Net
Amounts
    Gross
Amounts Not
Offset
    Net Amounts  
Assets   $ 176,455     $ (6,605 )   $ 169,850     $ (127,924 )   $ 41,926  
Liabilities     6,516       (576 )     5,940       (1,020 )     4,920  
Schedule of cash flow hedge accounting on accumulated other comprehensive income
Derivatives  

Amount of gain or (loss)

recognized in other

comprehensive income

   

Location of gain or

(loss) reclassified

from accumulated

other

comprehensive

income (loss) into

income

 

Amount of gain or (loss) reclassified

from accumulated other comprehensive

income (loss) into income

 
   

Three Months

Ended June 30,

2018

   

Three Months

Ended June 30,

2017

       

Three Months

Ended June 30,

2018

   

Three Months

Ended June 30,

2017

 
Fuel contracts   $ 70,508     $ (4,884 )   Fuel   $ 7,904     $ (8,584 )
Foreign currency contracts     (88,382 )     136,428     Depreciation and amortization expense     (899 )     (895 )
Interest rate contracts     1,980       (25 )   Interest expense, net     (282 )     (765 )
Total gain (loss) recognized in other comprehensive income   $ (15,894 )   $ 131,519         $ 6,723     $ (10,244 )
 
Derivatives  

Amount of gain or (loss)

recognized in other

comprehensive income

   

Location of gain or

(loss) reclassified

from accumulated

other

comprehensive

income (loss) into

income

 

Amount of gain or (loss) reclassified

from accumulated other comprehensive

income (loss) into income

 
   

Six Months

Ended June 30,

2018

   

Six Months

Ended June 30,

2017

       

Six Months

Ended June 30,

2018

   

Six Months

Ended June 30,

2017

 
Fuel contracts   $ 64,496     $ (31,087 )   Fuel   $ 11,429     $ (16,587 )
Foreign currency contracts     (33,889 )     155,064     Depreciation and amortization expense     (2,058 )     (1,752 )
Interest rate contracts     2,075       259     Interest expense, net     (863 )     (1,610 )
Total gain (loss) recognized in other comprehensive income   $ 32,682     $ 124,236         $ 8,508     $ (19,949 )
Schedule of cash flow hedge accounting on the consolidated financial statements of operations
    For the Three months 
Ended June 30, 2018
    For the Three months 
Ended June 30, 2017
 
    Fuel     Depreciation 
and 
amortization
    Interest 
expense, net
    Fuel     Depreciation 
and 
amortization
    Interest 
expense, net
 
Total amounts of income and expense line items presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded   $ 95,212     $ 140,704     $ 72,988     $ 86,663     $ 123,141     $ 64,196  
                                                 
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income                                                
Fuel contracts     7,904                   (8,584 )            
Foreign currency contracts           (899 )                 (895 )      
Interest rate contracts                 (282 )                 (765 )
 
    For the Six Months 
Ended June 30, 2018
    For the Six Months 
Ended June 30, 2017
 
    Fuel     Depreciation 
and 
amortization
    Interest 
expense, net
    Fuel     Depreciation 
and 
amortization
    Interest 
expense, net
 
Total amounts of income and expense line items presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded   $ 188,643     $ 271,948     $ 132,686     $ 175,549     $ 242,346     $ 117,156  
                                                 
Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income                                                
Fuel contracts     11,429                   (16,587 )            
Foreign currency contracts           (2,058 )                 (1,752 )      
Interest rate contracts                 (863 )                 (1,610 )