Fair Value Measurements and Derivatives (Tables)
|
3 Months Ended |
Mar. 31, 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 |
|
March 31,
2018 |
|
|
December 31,
2017 |
|
|
March 31,
2018 |
|
|
December 31,
2017 |
|
| Fuel contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
$ |
17,637 |
|
|
$ |
19,220 |
|
|
$ |
3,089 |
|
|
$ |
2,406 |
|
| |
|
Other long-term assets |
|
|
14,540 |
|
|
|
19,854 |
|
|
|
4,152 |
|
|
|
3,469 |
|
| |
|
Accrued expenses and other liabilities |
|
|
60 |
|
|
|
— |
|
|
|
3,107 |
|
|
|
3,348 |
|
| |
|
Other long-term liabilities |
|
|
130 |
|
|
|
576 |
|
|
|
2,913 |
|
|
|
2,148 |
|
| Foreign currency contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
78,438 |
|
|
|
52,300 |
|
|
|
71 |
|
|
|
730 |
|
| |
|
Other long-term assets |
|
|
112,777 |
|
|
|
85,081 |
|
|
|
— |
|
|
|
— |
|
| Interest contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
332 |
|
|
|
1,020 |
|
| Total derivatives designated as hedging instruments |
|
|
|
$ |
223,582 |
|
|
$ |
177,031 |
|
|
$ |
13,664 |
|
|
$ |
13,121 |
|
|
| Schedule of discloses the gross and net amounts recognized within assets and liabilities |
| March 31, 2018 |
|
Gross Amounts |
|
|
Gross
Amounts
Offset |
|
|
Total Net
Amounts |
|
|
Gross
Amounts Not
Offset |
|
|
Net Amounts |
|
| Assets |
|
$ |
223,392 |
|
|
$ |
(7,312 |
) |
|
$ |
216,080 |
|
|
$ |
(117,233 |
) |
|
$ |
98,847 |
|
| Liabilities |
|
|
6,352 |
|
|
|
(190 |
) |
|
|
6,162 |
|
|
|
(332 |
) |
|
|
5,830 |
|
| 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 March 31,
2018
|
|
|
Three Months
Ended March 31,
2017
|
|
|
|
|
Three Months
Ended March 31,
2018
|
|
|
Three Months
Ended March 31,
2017
|
|
| Fuel contracts |
|
$ |
(6,012 |
) |
|
$ |
(26,203 |
) |
|
Fuel |
|
$ |
3,525 |
|
|
$ |
(8,003 |
) |
| Foreign currency contracts |
|
|
54,493 |
|
|
|
18,636 |
|
|
Depreciation and amortization expense |
|
|
(1,159 |
) |
|
|
(857 |
) |
| Interest rate contracts |
|
|
95 |
|
|
|
284 |
|
|
Interest expense, net |
|
|
(581 |
) |
|
|
(845 |
) |
| Total gain (loss) recognized in other comprehensive income |
|
$ |
48,576 |
|
|
$ |
(7,283 |
) |
|
|
|
$ |
1,785 |
|
|
$ |
(9,705 |
) |
|
| Schedule of cash flow hedge accounting on the consolidated financial statements of operations |
| |
|
For the three months
ended March 31, 2018
|
|
|
For the three months
ended March 31, 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 |
|
$ |
93,431 |
|
|
$ |
131,244 |
|
|
$ |
59,698 |
|
|
$ |
88,886 |
|
|
$ |
119,205 |
|
|
$ |
52,960 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| The effects of cash flow hedges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fuel contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
3,525 |
|
|
|
— |
|
|
|
— |
|
|
|
(8,003 |
) |
|
|
— |
|
|
|
— |
|
| Foreign currency contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
— |
|
|
|
(1,159 |
) |
|
|
— |
|
|
|
— |
|
|
|
(857 |
) |
|
|
— |
|
| Interest rate contracts: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain
or (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
— |
|
|
|
— |
|
|
|
(581 |
) |
|
|
— |
|
|
|
— |
|
|
|
(845 |
) |
|