Note 9 - Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

9 – Accumulated Other Comprehensive Income (Loss)

The following table shows the components of accumulated other comprehensive loss, net of tax, (in thousands):

	Three Months Ended September 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at June 30, 2016	$	−	$	(295	)	$	(295	)
Change in fair value		−		14			14
Income tax deferred		−		(5	)		(5	)
Balance at September 30, 2016	$	−	$	(286	)	$	(286	)

	Three Months Ended September 30, 2015
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at June 30, 2015	$	−	$	(305	)	$	(305	)
Change in fair value		−		−			−
Income tax deferred		−		−			−
Balance at September 30, 2015	$	−	$	(305	)	$	(305	)

	Nine Months Ended September 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at December 31, 2015	$	−	$	(305	)	$	(305	)
Change in fair value		−		32			32
Income tax deferred		−		(13	)		(13	)
Balance at September 30, 2016	$	−	$	(286	)	$	(286	)

	Nine Months Ended September 30, 2015
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at December 31, 2014	$	(143	)	$	(317	)	$	(460	)
Change in fair value		235			19			254
Income tax deferred		(92	)		(7	)		(99	)
Balance at September 30, 2015	$	−		$	(305	)	$	(305	)

The following table shows the amount of loss reclassified from accumulated other comprehensive loss into earnings (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2016		September 30, 2015		September 30, 2016		September 30, 2015
Losses on cash flow swaps to:
Interest expense	$	−	$	−	$	−	$	(55	)
Income tax benefit		−		−		−		21
Total reclassifications	$	−	$	−	$	−	$	(34	)