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Comprehensive Income
9 Months Ended
Sep. 30, 2015
Equity [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 (loss) by component: (All amounts shown are net of tax).
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Foreign currency translation adjustments:
 
 
 
 
 
 
 
Balance at beginning of period
$
761,692

 
$
2,175,183

 
$
1,403,899

 
$
2,507,922

Other Comprehensive (loss) income before reclassifications
(396,685
)
 
(269,392
)
 
(1,038,892
)
 
(602,131
)
Amounts reclassified from accumulated other comprehensive income

 

 

 

Net current-period change
(396,685
)
 
(269,392
)
 
(1,038,892
)
 
(602,131
)
Balance at end of period
365,007

 
1,905,791

 
365,007

 
1,905,791

Unrealized gains (losses) on available-for-sale securities:
 
 
 
 
 
 
 
Balance at beginning of period
8,551,564

 
15,342,551

 
10,868,322

 
19,467,441

Other Comprehensive income (loss) before reclassifications
(6,353,685
)
 
(1,604,338
)
 
(5,727,233
)
 
1,788,502

Amounts reclassified from accumulated other comprehensive income
(1,321,982
)
 
(1,506,238
)
 
(4,265,192
)
 
(9,023,968
)
Net current-period change
(7,675,667
)
 
(3,110,576
)
 
(9,992,425
)
 
(7,235,466
)
Balance at end of period
875,897

 
12,231,975

 
875,897

 
12,231,975

Unrealized gains (losses) on derivatives:
 
 
 
 
 
 
 
Balance at beginning of period
(2,173,354
)
 

 
(959,206
)
 

Other comprehensive income (loss) before reclassifications
(1,113,648
)
 

 
(2,327,796
)
 

Amounts reclassified from accumulated other comprehensive income
284,472

 

 
284,472

 

Net current-period change
(829,176
)
 

 
(2,043,324
)
 

Balance at end of period
(3,002,530
)
 

 
(3,002,530
)
 

 
 
 
 
 
 
 
 
Accumulated other comprehensive income (loss), end of period
$
(1,761,626
)
 
$
14,137,766

 
$
(1,761,626
)
 
$
14,137,766

The following table presents details of reclassifications out of other comprehensive income for the three and nine months ended September 30, 2015 and 2014.
Details about Accumulated Other Comprehensive Income Components
 
Amounts Reclassified from Other Comprehensive Income
 
Affected Line item in the Statement of Consolidated Income
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
 
2015
 
2014
 
2015
 
2014
 
 
Unrealized gains on available-for-sale securities
 
 
 
 
 
 
 
 
 
 
Realized gain on sale of securities
 
$
2,033,819

 
$
2,317,289

 
$
6,561,834

 
$
13,883,028

 
Other, net
Provision for Income Taxes
 
(711,837
)
 
(811,051
)
 
(2,296,642
)
 
(4,859,060
)
 
Provision for Income Taxes
 
 
$
1,321,982

 
$
1,506,238

 
$
4,265,192

 
$
9,023,968

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on derivatives
 
 
 
 
 
 
 
 
 
 
Realized loss on interest rate swap
 
$
(437,650
)
 
$

 
$
(437,650
)
 
$

 
Other, net
Provision for Income Taxes
 
153,178

 

 
153,178

 

 
Provision for Income Taxes
 
 
$
(284,472
)
 
$

 
$
(284,472
)
 
$

 
Net of tax
 
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
1,037,510

 
$
1,506,238

 
$
3,980,720

 
$
9,023,968

 
Net of tax