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Comprehensive Income
 12 Months Ended
Dec. 31, 2016
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, foreign currency translation adjustments, and unrealized movement in derivative financial instruments designated as hedges.
 
For the Twelve Months ended December 31,
 
2016
 
2015
 
2014
Foreign currency translation adjustments:
 
 
 
 
 
Balance at beginning of period
$
(44,909
)
 
$
1,403,899

 
$
2,507,922

Other comprehensive loss before reclassifications
(2,818,090
)
 
(1,448,808
)
 
(1,104,023
)
Net current-period change
(2,818,090
)
 
(1,448,808
)
 
(1,104,023
)
Balance at end of period
(2,862,999
)
 
(44,909
)
 
1,403,899

Unrealized gains (losses) on available-for-sale securities:
 
 
 
 
 
Balance at beginning of period
829,907

 
10,868,322

 
19,467,441

Other comprehensive income (loss) before reclassifications
2,167,196

 
(5,513,842
)
 
1,536,416

Amounts reclassified from accumulated other comprehensive income
(208,128
)
 
(4,524,573
)
 
(10,135,535
)
Net current-period change
1,959,068

 
(10,038,415
)
 
(8,599,119
)
Balance at end of period
2,788,975

 
829,907

 
10,868,322

Unrealized gains (losses) on derivatives:
 
 
 
 
 
Balance at beginning of period
(1,915,834
)
 
(959,206
)
 
—

Other comprehensive loss before reclassifications
(672,419
)
 
(1,659,115
)
 
(959,206
)
Amounts reclassified from accumulated other comprehensive income
1,390,972

 
702,487

 
—

Net current-period change
718,553

 
(956,628
)
 
(959,206
)
Balance at end of period
(1,197,281
)

(1,915,834
)

(959,206
)
 
 
 
 
 
 
Accumulated other comprehensive income (loss), end of period
$
(1,271,305
)
 
$
(1,130,836
)
 
$
11,313,015

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 twelve months ended December 31, 2016, 2015 and 2014.
Details about Accumulated Other Comprehensive Income Components
 
 
 
Affected Line item in the Statement of Consolidated Income
 
 
For the Twelve Months ended December 31,
 
 
 
 
2016
 
2015
 
2014
 
 
Unrealized gains and (losses) on available-for-sale securities
 
 
 
 
 
 
 
 
Realized gain on sale of securities
 
$
320,197

 
$
6,960,881

 
$
15,593,131

 
Other, net
Provision for Income Taxes
 
(112,069
)
 
(2,436,308
)
 
(5,457,596
)
 
Provision for Income Taxes
Total reclassifications for the period
 
$
208,128

 
$
4,524,573

 
$
10,135,535

 
Net of tax
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on derivatives
 
 
 
 
 
 
 
 
Realized loss on interest rate swap
 
$
(2,139,958
)
 
$
(1,080,750
)
 
$
—

 
Other, net
Provision for Income Taxes
 
748,986

 
378,263

 
—

 
Provision for Income Taxes
 
 
$
(1,390,972
)
 
$
(702,487
)
 
$
—

 
Net of tax
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
(1,182,844
)
 
$
3,822,086

 
$
10,135,535

 
Net of tax