XML 35 R17.htm IDEA: XBRL DOCUMENT v3.10.0.1
Comprehensive Income
 12 Months Ended
Dec. 31, 2018
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, foreign currency translation adjustments, and unrealized movement in derivative financial instruments designated as hedges.
 
For the Twelve Months ended December 31,
 
2018
 
2017
 
2016
Foreign currency translation adjustments:
 
 
 
 
 
Balance at beginning of period
$
645,030

 
$
(2,862,999
)
 
$
(44,909
)
Other comprehensive loss before reclassifications
(2,319,917
)
 
3,508,029

 
(2,818,090
)
Net current-period change
(2,319,917
)
 
3,508,029

 
(2,818,090
)
Balance at end of period
(1,674,887
)
 
645,030

 
(2,862,999
)
Unrealized gains (losses) on available-for-sale securities:
 
 
 
 
 
Balance at beginning of period
6,626,379

 
2,788,975

 
829,907

      ASU 2016-01 adoption impact
(6,642,727
)
 
—

 
—

Other comprehensive income before reclassifications
1,675,823

 
4,444,360

 
2,167,196

Amounts reclassified from accumulated other comprehensive income
(1,584,926
)
 
(606,956
)
 
(208,128
)
Net current-period change
(6,551,830
)
 
3,837,404

 
1,959,068

Balance at end of period
74,549

 
6,626,379

 
2,788,975

Unrealized gains (losses) on derivatives:
 
 
 
 
 
Balance at beginning of period
(78,026
)
 
(1,197,281
)
 
(1,915,834
)
Other comprehensive income (loss) before reclassifications
175,308

 
248,042

 
(672,419
)
Amounts reclassified from accumulated other comprehensive income
(97,282
)
 
871,213

 
1,390,972

Net current-period change
78,026

 
1,119,255

 
718,553

Balance at end of period
—


(78,026
)

(1,197,281
)
 
 
 
 
 
 
Accumulated other comprehensive income (loss), end of period
$
(1,600,338
)
 
$
7,193,383

 
$
(1,271,305
)
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, 2018, 2017 and 2016.
Details about Accumulated Other Comprehensive Income Components
 
 
 
Affected Line item in the Statement of Consolidated Income
 
 
For the Twelve Months ended December 31,
 
 
 
 
2018
 
2017
 
2016
 
 
Unrealized gains and (losses) on available-for-sale securities
 
 
 
 
 
 
 
 
Realized gain on sale of securities
 
$
2,006,235

 
$
933,778

 
$
320,197

 
Other, net
Provision for income taxes
 
(421,309
)
 
(326,822
)
 
(112,069
)
 
Provision for Income Taxes
Total reclassifications for the period
 
$
1,584,926

 
$
606,956

 
$
208,128

 
Net of tax
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on derivatives
 
 
 
 
 
 
 
 
Realized loss on interest rate swap
 
$
123,142

 
$
(1,340,329
)
 
$
(2,139,958
)
 
Other, net
Provision for income taxes
 
(25,860
)
 
469,116

 
748,986

 
Provision for Income Taxes
 
 
$
97,282

 
$
(871,213
)
 
$
(1,390,972
)
 
Net of tax
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
1,682,208

 
$
(264,257
)
 
$
(1,182,844
)
 
Net of tax