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Consolidated Statements Of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]      
Net income $ 449,986 $ 393,968 $ 182,871
Other comprehensive income/(loss), net of tax:      
Changes in unrealized gains/(losses) on available-for-sale securities, net of tax [1],[2],[3],[4] 60,288 (36,254) 4,730
Changes in unrealized losses on cash flow hedging instruments, net of tax [3],[4],[5] (4,402) (792) (320)
Foreign currency translation adjustment, net of tax [3],[4] 4,932 (5,691) 7,896
Total other comprehensive income/(loss), net of tax 60,818 (42,737) 12,306
Comprehensive income 510,804 351,231 195,177
Net income applicable to non-controlling interest 1,590    
Comprehensive income applicable to Stifel Financial Corp. $ 509,214 $ 351,231 $ 195,177
[1] Amounts are net of reclassifications to earnings of realized losses of $0.2 million and $2.9 million and realized gains of $0.2 million for the years ended December 31, 2019, 2018, and 2017, respectively.
[2] As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to accumulated other comprehensive income of $17.9 million. See Notes 2 and 7 for additional information on the transfer.
[3] Net of a tax expense of $20.2 million, tax benefit of $11.2 million, and tax expense of $3.3 million for the years ended December 31, 2019, 2018, and 2017, respectively.
[4] The adoption of ASU 2018-02 on January 1, 2018, resulted in a reclassification of $3.1 million to retained earnings related to cash flow hedges and investment portfolio risk. The reclassification is reflected in the activity for the year ended December 31, 2018. See Note 2 for further details.
[5] Amounts are net of reclassifications to earnings of gains of $3.3 million and $4.9 million and losses of $0.6 million for the years ended December 31, 2019, 2018, and 2017, respectively.