Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

The following table presents changes in Accumulated other comprehensive income, net of tax by component for the years ended December 31, 2014, 2013 and 2012 (in thousands):

	Unrealized Gains (Losses) on Available-for-Sale Securities			Foreign Currency Translation Adjustments		Total
Balance January 1, 2012	$	—		$	—	$	—
Other comprehensive income	114,319			—		114,319
Balance December 31, 2012	114,319			—		114,319
Other comprehensive income	13,689			1,365		15,054
Amount reclassified from Accumulated Other Comprehensive Income (1)	(127,972		)	—		(127,972		)
Net current-period other comprehensive (loss) income	(114,283		)	1,365		(112,918		)
Balance December 31, 2013	36			1,365		1,401
Other comprehensive income	316			416		732
Balance December 31, 2014	$	352		$	1,781	$	2,133

⁽¹⁾ As a result of the Mergers, the Company recorded a non-cash gain of $128.0 million on its investment in Knight Common Stock, which it recognized within Investment income and other, net on the Consolidated Statements of Operations for the year ended December 31, 2013 and reversed any previous unrealized gains out of Other comprehensive income.