Changes in Accumulated Other Comprehensive Income by Component

U.S. GAAP establishes standards for presenting information about significant items reclassified out of accumulated other comprehensive income by component. As of December 31, 2016 and 2015, respectively, we generated other comprehensive income from one component. This component relates to the unrealized gains and losses from our available for sale marketable securities during a given reporting period.

The following table provides a summary of changes in accumulated other comprehensive income, net of taxes:



	Unrealized Gains and (Losses) on Available for Sale Securities ⁽¹⁾
	2016			2015			2014
	(in thousands)
Accumulated other comprehensive income - beginning balance	$	543		$	25		$	49
Other comprehensive (loss) income before reclassifications	(1,005		)	535			(16		)
Amounts reclassified from accumulated other comprehensive (loss) income⁽²⁾⁽³⁾	143			(17		)	(8		)
Net current period change in other comprehensive (loss) income ⁽⁴⁾	$	(862	)	$	518		$	(24	)
Accumulated other comprehensive (loss) income - ending balance	$	(319	)	$	543		$	25


⁽¹⁾	All amounts are net of tax.


⁽²⁾	Realized gains and losses are recorded pre-tax in the other income - investment and interest caption in our consolidated statements of comprehensive income.


⁽³⁾	For the year ended December 31, 2016, the Company recorded $0.2 million of realized losses from the sale of available for sale securities. For the years ended December 31, 2015 and 2014, the Company recorded less than $0.1 million of realized gains for the sale of available for sale securities. Refer to Note 5 herein for further information.


⁽⁴⁾	For the years ended December 31, 2016, 2015 and 2014, these changes in other comprehensive income were net of tax effects of $0.5 million, $0.3 million and $0.1 million, respectively.