Comprehensive Income

9 Months Ended

Sep. 30, 2018

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 debt investments, foreign currency translation adjustments, and derivatives.

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,
	2018		2017		2018		2017
Foreign currency translation adjustments:
Balance at beginning of period	$	(194,395)	$	(1,179,199)	$	645,030	$	(2,862,999)
Other Comprehensive (loss) income before reclassifications	(1,174,213)		1,182,152		(2,013,638)		2,865,952

Net current-period change	(1,174,213)		1,182,152		(2,013,638)		2,865,952
Balance at end of period	(1,368,608)		2,953		(1,368,608)		2,953

Unrealized gains (losses) on available-for-sale debt securities:
Balance at beginning of period	(271,939)		4,818,677		(16,349)		2,788,975
Other Comprehensive (loss) income before reclassifications	(276,010)		1,371,712		33,941		4,111,338
Amounts reclassified from accumulated other comprehensive income	(205,433)		114,905		(770,974)		(595,019)
Net current-period change	(481,443)		1,486,617		(737,033)		3,516,319
Balance at end of period	(753,382)		6,305,294		(753,382)		6,305,294
Unrealized gains (losses) on derivatives:
Balance at beginning of period	(12,770)		(458,322)		(78,026)		(1,197,281)
Other comprehensive income (loss) before reclassifications	114,889		424		175,308		124,124
Amounts reclassified from accumulated other comprehensive income	(102,119)		155,066		(97,282)		770,325
Net current-period change	12,770		155,490		78,026		894,449
Balance at end of period	—		(302,832)		—		(302,832)

Accumulated other comprehensive (loss) income, end of period	$	(2,121,990)	$	6,005,415	$	(2,121,990)	$	6,005,415

The following table presents details of reclassifications out of accumulated other comprehensive income for the nine months ended September 30, 2018 and 2017.


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,
	2018		2017		2018		2017
Unrealized gains (losses) on available-for-sale debt securities
Realized gain on sale of securities	$	260,042	$	(176,777)	$	975,917	$	915,414	Other income (loss), net
Provision for income taxes	(54,609)		61,872		(204,943)		(320,395)		Provision for income taxes
	$	205,433	$	(114,905)	$	770,974	$	595,019	Net of tax

Unrealized gains (losses) on derivatives
Realized gain (loss) on interest rate swap	$	129,265	$	(238,564)	$	123,142	$	(1,185,116)	Other income (loss), net
Provision for income taxes	(27,146)		83,498		(25,860)		414,791		Provision for income taxes
	$	102,119	$	(155,066)	$	97,282	$	(770,325)	Net of tax

Total net reclassifications for the period	$	307,552	$	(269,971)	$	868,256	$	(175,306)	Net of tax