Changes in Accumulated Other Comprehensive Income by Component

3 Months Ended

Mar. 31, 2017

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

Changes in Accumulated Other Comprehensive Income by Component

Accumulated other comprehensive income consists of unrealized gains and losses from our available for sale marketable securities.

The following table provides a summary of the changes in accumulated other comprehensive income for the three months ended March 31, 2017 and 2016:

	Unrealized Gains (Losses) on Available for Sale Securities (1)
	Three Months Ended March 31,
	2017			2016
	(in thousands)
Accumulated other comprehensive income (loss) — beginning balance	$	(319	)	$	543
Other comprehensive income before reclassifications	446			594
Amounts reclassified from accumulated other comprehensive income (loss)(2)	33			(39		)
Net current period change in other comprehensive income (3)	479			555
Accumulated other comprehensive income — ending balance	$	160		$	1,098

⁽¹⁾  All amounts are net of tax.

⁽²⁾  Realized gains and losses are recorded pre-tax under “Other income - Investment and interest” in our Consolidated Statements of Comprehensive Income. For the three months ended March 31, 2017 and 2016, the Company recorded $48 thousand and $62 thousand of realized losses and gains, respectively, from the sale of available for sale securities. Refer to Note 5 herein for further information.

⁽³⁾  For the three months ended March 31, 2017 and 2016, these changes in other comprehensive income were net of tax effects of $0.3 million, respectively.