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 |
|
|