Changes in Accumulated Other Comprehensive Income by Component

12 Months Ended

Dec. 31, 2018

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

Changes in Accumulated Other Comprehensive Income by Component

Note 3—Changes in Accumulated Other Comprehensive Income by Component

For the years ended December 31, 2018, 2017 and 2016, the Company’s other comprehensive income related to the unrealized gains and losses from the Company’s available-for-sale marketable securities.

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
	2018		2017		2016
	(in thousands)
Accumulated other comprehensive income (loss) — beginning balance	$	837	$	(319)	$	543
Other comprehensive (loss) income before reclassifications	(844)		1,149		(1,005)
Losses reclassified from other comprehensive income ²	165		7		143
Net current period other comprehensive (loss) income ³	(679)		1,156		(862)
Accumulated other comprehensive income (loss) — ending balance	$	158	$	837	$	(319)

¹All amounts are net of tax.

²Realized losses were recorded pre-tax under “Other income, net - Investment and interest” in our Consolidated Statements of Comprehensive Income. For the years ended December 31, 2018, 2017 and 2016 the Company recorded $0.2 million, less than $0.1 million and $0.2 million of realized losses from the sale of available-for-sale securities, respectively. Refer to Note 6—Fair Value Measurements herein for further information.

³For the years ended December 31, 2018 and 2016, the changes in other comprehensive income were net of a tax benefit of $0.1 million and $0.5 million, respectively. For the year ended December 31, 2017 the changes in other comprehensive income were net of a tax expense of $0.3 million.


	Amounts Reclassified from Accumulated Other Comprehensive Income
	2018		2017		2016
For the Year Ended December 31,	(in thousands)
Losses from the sale of available-for-sale securities	$	197	$	11	$	222
Tax benefit	(32)		(4)		(79)
Net loss reclassified from accumulated other comprehensive income	$	165	$	7	$	143