Comprehensive Income

3 Months Ended

Mar. 31, 2021

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 and foreign currency translation adjustments.

The following table presents the net changes in the Company's accumulated other comprehensive income by component (all amounts shown are net of tax):


	Three Months Ended March 31,
		2021		2020
Foreign currency translation adjustments:
Balance at beginning of period		$	769,045	$	(2,384,589)
Other Comprehensive income (loss) before reclassifications		(852,412)		(692,090)

Net current-period change		(852,412)		(692,090)
Balance at end of period		(83,367)		(3,076,679)

Unrealized gains on available-for-sale debt securities:
Balance at beginning of period		6,082,007		1,095,486
Other Comprehensive income before reclassifications		(3,692,619)		2,225,196
Amounts reclassified from accumulated other comprehensive income		(351,354)		(29,209)
Net current-period change		(4,043,973)		2,195,987
Balance at end of period		2,038,034		3,291,473







Accumulated other comprehensive income (loss), end of period		$	1,954,667	$	214,794

The following table presents details of reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2021 and 2020.


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 March 31,
		2021		2020
Unrealized gains on available-for-sale debt securities
Realized gain on sale of securities		$	444,752	$	36,974	Investment income
Provision for income taxes		(93,398)		(7,765)		Provision for income taxes
Total net reclassifications for the period		$	351,354	$	29,209	Net of tax