Comprehensive Income

9 Months Ended

Sep. 30, 2013

Comprehensive Income [Abstract]

Comprehensive Income

Comprehensive Income

Comprehensive income reflects the change in equity of a business enterprise during a period from

transactions and other events and circumstances from non-owner sources. For the Company,

comprehensive income represents net income adjusted for unrealized gains and losses on certain

investments and foreign currency translation adjustments.

The following table presents the net changes in the Company's accumulated other comprehensive income by component (1):

	For Three Months Ended September 30,						For Nine Months Ended September 30,
	2013			2012			2013			2012
Foreign currency translation adjustments:
Balance at beginning of period	$	2,086,299		$	1,689,750		$	2,458,933		$	2,129,957
Other Comprehensive income before reclassifications	273,097			275,648			(99,537		)	(164,559		)
Amounts reclassified from accumulated other comprehensive income	—			—			—			—
Net current-period change	273,097			275,648			(99,537		)	(164,559		)
Balance at end of period	2,359,396			1,965,398			2,359,396			1,965,398
Unrealized gains(losses) on available-for-sale securities:
Balance at beginning of period	18,700,117			13,422,635			15,111,778			10,412,246
Other Comprehensive income before reclassifications	5,240,576			4,901,805			13,932,930			10,665,529
Amounts reclassified from accumulated other comprehensive income	(4,201,241		)	(2,172,986		)	(9,305,256		)	(4,926,321		)
Net current-period change	1,039,335			2,728,819			4,627,674			5,739,208
Balance at end of period	19,739,452			16,151,454			19,739,452			16,151,454
Accumulated other comprehensive income, end of period	$	22,098,848		$	18,116,852		$	22,098,848		$	18,116,852

(1) All amounts are shown net of tax. Amounts in parentheses indicate debits.

The following table presents details of reclassifications out of other comprehensive income for the three and nine months ended September 30, 2013 and 2012.

Details about Accumulated Other Comprehensive Income Components (2)	Amounts Reclassified from Other Comprehensive Income												Affected Line item in the Statement of Consolidated Income
	For the Three Months ended September 30,						For the Nine Months ended September 30,
	2013			2012			2013			2012
Unrealized gains and (losses) on available-for-sale securities
Realized gain (loss) on sale of securities	$	6,463,447		$	3,343,055		$	14,315,778		$	7,578,955		Other, net
Provision for Income Taxes	(2,262,206		)	(1,170,069		)	(5,010,522		)	(2,652,634		)	Provision for Income Taxes
Total reclassifications for the period	$	4,201,241		$	2,172,986		$	9,305,256		$	4,926,321		Net of tax

(2) Amounts in parentheses indicate debits.