Note 16 - Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

16.

     

ACCUMULATED OTHER COMPREHENSIVE INCOME

:

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

	Cash Flow Swaps			Available for Sale Securities			Total
Balance as of December 31, 2014	$	(143	)	$	(317	)	$	(460	)
Changes in fair value		235			19			254
Income tax expense		(92	)		(7	)		(99	)
Balance as of December 31, 2015	$	−		$	(305	)	$	(305	)
Reclassification of gain into income		−			32			32
Income tax expense		−			(13	)		(13	)
Balance as of December 31, 2016	$	−		$	(286	)	$	(286	)

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

	Year Ended
	December 31, 2016		December 31, 2015			December 31, 2014
Losses on cash flow swaps to:
Interest expense	$	−	$	(55	)	$	(196	)
Income tax benefit		−		21			76
Total reclassifications	$	−	$	(34	)	$	(120	)