Stockholders' Equity Note Disclosure [Text Block]

6 Months Ended

Jun. 30, 2017

Notes

Stockholders' Equity Note Disclosure

Note 11.   Stockholders’ Equity 

Treasury Stock

In 2017, the Company repurchased 2,109,887 shares of its common stock for an aggregate cost of $42,105,000. Of that amount, 703,000 shares were repurchased in private transactions for an aggregate cost of $13,975,000, 1,385,118 shares were repurchased for an aggregate cost of $27,702,000 pursuant to the terms of a tender offer and the remaining shares were repurchased in the open market. 

Accumulated Other Comprehensive Income (Loss)

Other comprehensive income (loss) includes the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities.

Changes in the balances of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2017		2016		2017		2016
Beginning balance	$	(4,443)	$	(479)	$	(6,964)	$	(3,440)
Other comprehensive income (loss) before reclassifications		2,009		5,280		4,678		8,704
Amounts reclassified from accumulated OCI		(70)		(639)		(218)		(1,045)
Net other comprehensive income		1,939		4,641		4,460		7,659
Less: Other comprehensive income attributable
to noncontrolling interests		-		(108)		-		(165)
Ending balance	$	(2,504)	$	4,054	$	(2,504)	$	4,054

Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2017		2016		2017		2016
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net realized investment gains	$	146	$	993	$	343	$	1,621
Income before income tax		146		993		343		1,621
Tax effect		76		354		125		576
Net income	$	70	$	639	$	218	$	1,045