RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income:

Accumulated Other Comprehensive Income Components	Statement of Income Location	Year Ended December 31,
		2016		2015			2014
Reclassification of net realized (gain) loss on securities into earnings	Gain (loss) on settlement of investments, net	$	27,460	$	(13,096	)	$	(65,701	)
Reclassification of net realized (gain) loss on securities into earnings	Other-than-temporary impairment on securities	10,264		5,788			1,391
Total reclassifications		$	37,724	$	(7,308	)	$	(64,310	)

New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented as no taxable subsidiary generated other comprehensive income.