Changes in Accumulated Other Comprehensive Income by Component (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Accumulated Other Comprehensive Income

The following tables provide a summary of the changes in accumulated other comprehensive income, net of taxes:


	Unrealized Gains and (Losses) on Available-for-Sale Securities1
	Year Ended December 31,
	2020		2019		2018
	(in thousands)
Accumulated other comprehensive income — beginning balance	$	2,919	$	158	$	837
Other comprehensive income (loss) before reclassifications	2,557		2,848		(844)
Losses (gains) reclassified from other comprehensive income2	87		(87)		165
Net current period other comprehensive income (loss)3	2,644		2,761		(679)
Accumulated other comprehensive income — ending balance	$	5,563	$	2,919	$	158

1.All amounts are net of tax

2.Realized gains and losses were recorded pre-tax under “Investment and other income” in the Consolidated Statements of Comprehensive Income. For the years ended December 31, 2020 and 2018, the Company recorded $0.1 million and $0.2 million of realized losses from the sale of available-for-sale securities, respectively. For the year ended December 31, 2019, the Company recorded $0.1 million of realized gains from the sale of available-for-sale securities, respectively. Refer to Note 6 — Fair Value Measurements herein for further information.

3.For the years ended December 31, 2020 and 2019, the changes in other comprehensive income were both net of a tax expense of $0.7 million. For the year ended December 31, 2018 the changes in other comprehensive income were net of a tax benefit of $0.1 million.

Schedule of Reclassification out of Accumulated Other Comprehensive Income


	Amounts Reclassified from Accumulated Other Comprehensive Income
	2020		2019		2018
	(in thousands)
Year Ended December 31,
(Losses) gains from the sale of available-for-sale securities	$	(114)	$	111	$	(197)
Tax benefit (expense)	27		(24)		32
Net (loss) gain reclassified from accumulated other comprehensive income	$	(87)	$	87	$	(165)