Fair Value Measurements and Derivatives (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Schedule of derivatives measured at fair value |
| |
|
|
|
Asset |
|
|
Liability |
|
| |
|
Balance Sheet location |
|
December 31,
2017 |
|
|
December 31,
2016 |
|
|
December 31,
2017 |
|
|
December 31,
2016 |
|
| Fuel swaps designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
$ |
19,220 |
|
|
$ |
20,288 |
|
|
$ |
2,406 |
|
|
$ |
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Other long-term assets |
|
|
19,854 |
|
|
|
— |
|
|
|
3,469 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
3,348 |
|
|
|
44,271 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Other long-term liabilities |
|
|
576 |
|
|
|
13,237 |
|
|
|
2,148 |
|
|
|
38,608 |
|
| Foreign currency forward contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
52,300 |
|
|
|
— |
|
|
|
730 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Other long-term assets |
|
|
85,081 |
|
|
|
14 |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
61,788 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Other long-term liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
88,920 |
|
| Interest rate swaps designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
1,020 |
|
|
|
3,331 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Other long-term liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,151 |
|
|
| Schedule of gross and net amounts recognized within assets and liabilities |
| 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 |
|
| 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 |
|
|
| Fuel Swaps |
|
| Schedule of effects on consolidated financial statements of fuel swaps designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Gain (loss) recognized in other comprehensive income (loss) – effective portion |
|
$ |
50,263 |
|
|
$ |
127,470 |
|
|
$ |
(173,513 |
) |
| Loss recognized in other income (expense), net – ineffective portion |
|
|
(317 |
) |
|
|
(12,850 |
) |
|
|
(16,011 |
) |
| Amount reclassified from accumulated other comprehensive income (loss) into fuel expense |
|
|
29,721 |
|
|
|
85,448 |
|
|
|
75,808 |
|
|
| Schedule of effects of derivatives not designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| 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 |
) |
|
| Foreign currency forward contracts |
|
| Schedule of effects on consolidated financial statements of fuel swaps designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Gain (loss) recognized in other comprehensive income (loss) – effective portion |
|
$ |
254,070 |
|
|
$ |
(124,058 |
) |
|
$ |
(84,187 |
) |
| Loss recognized in other income (expense), net – ineffective portion |
|
|
(73 |
) |
|
|
(270 |
) |
|
|
(343 |
) |
| Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense |
|
|
3,121 |
|
|
|
2,625 |
|
|
|
116 |
|
|
| Schedule of effects of derivatives not designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Gain (loss) recognized in other income (expense), net |
|
$ |
— |
|
|
$ |
(6,133 |
) |
|
$ |
684 |
|
|
| Foreign currency collar |
|
| Schedule of effects on consolidated financial statements of fuel swaps designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense |
|
$ |
(364 |
) |
|
$ |
(364 |
) |
|
$ |
(364 |
) |
|
| Schedule of effects of derivatives not designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Gain (loss) recognized in other income (expense), net |
|
$ |
— |
|
|
$ |
10,312 |
|
|
$ |
(26,249 |
) |
|
| Interest rates swaps |
|
| Schedule of effects on consolidated financial statements of fuel swaps designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Gain (loss) recognized in other comprehensive income (loss) – effective portion |
|
$ |
351 |
|
|
$ |
(1,701 |
) |
|
$ |
(5,152 |
) |
| Gain (loss) recognized in other income (expense), net – ineffective portion |
|
|
— |
|
|
|
3 |
|
|
|
(23 |
) |
| Amount reclassified from other comprehensive income (loss) into interest expense, net |
|
|
2,997 |
|
|
|
3,946 |
|
|
|
4,614 |
|
|
| Designated as Hedging Instrument | Foreign currency options |
|
| Schedule of effects on consolidated financial statements of fuel swaps designated as cash flow hedges |
| |
|
Year Ended December 31, |
|
| |
|
2017 |
|
|
2016 |
|
|
2015 |
|
| Amount reclassified from accumulated comprehensive income (loss) into depreciation and amortization expense |
|
$ |
1,320 |
|
|
$ |
1,320 |
|
|
$ |
1,320 |
|
|