Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2019

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 March 31,
	2019		2018
Foreign currency translation adjustments:
Balance at beginning of period	$	(1,674,887)	$	645,030
Other Comprehensive income before reclassifications	298,999		1,626,178

Net current-period change	298,999		1,626,178
Balance at end of period	(1,375,888)		2,271,208

Unrealized gains (losses) on available-for-sale debt securities:
Balance at beginning of period	74,549		(16,349)
Other Comprehensive income before reclassifications	1,095,581		548,506
Amounts reclassified from accumulated other comprehensive income	(69,976)		(565,317)
Net current-period change	1,025,605		(16,811)
Balance at end of period	1,100,154		(33,160)
Unrealized gains (losses) on derivatives:
Balance at beginning of period	—		(78,026)
Other comprehensive income before reclassifications	—		43,173
Amounts reclassified from accumulated other comprehensive income	—		9,794
Net current-period change	—		52,967
Balance at end of period	—		(25,059)

Accumulated other comprehensive (loss) income, end of period	$	(275,734)	$	2,212,989

Reclassifications out of other comprehensive income

The following table presents details of reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2019 and 2018.


Details about Accumulated Other Comprehensive Income Components					Affected Line item in the Statement of Consolidated Income
	Three Months Ended March 31,
	2019		2018
Unrealized gains on available-for-sale debt securities
Realized gain on sale of securities	$	88,576	$	715,591	Other income (loss), net
Provision for income taxes	(18,600)		(150,274)		Provision for income taxes
	$	69,976	$	565,317	Net of tax

Unrealized losses on derivatives
Realized loss on interest rate swap	$	—	$	(12,398)	Other income (loss), net
Provision for income taxes	—		2,604		Provision for income taxes
	$	—	$	(9,794)	Net of tax

Total net reclassifications for the period	$	69,976	$	555,523	Net of tax