Changes in Accumulated Other Comprehensive Income by Component (Tables)

3 Months Ended

Mar. 31, 2021

Schedule of Accumulated Other Comprehensive Income

The following table provides a summary of the changes in accumulated other comprehensive income for the three months ended March 31, 2021 and 2020:


	Unrealized Gains and Losses on Available-for-Sale Securities1
	Three Months Ended March 31,
	2021		2020
	(in thousands)
Accumulated other comprehensive income — beginning balance	$	5,563	$	2,919
Other comprehensive loss before reclassifications	(1,307)		(542)
Losses reclassified from other comprehensive income2	36		9
Net current period other comprehensive loss3	(1,271)		(533)
Accumulated other comprehensive income — ending balance	$	4,292	$	2,386

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 three months ended March 31, 2021 and 2020, the Company recorded less than $0.1 million of realized losses from the sale of available-for-sale securities. Refer to Note 9—Fair Value Measurements herein for further information.

3.For the three months ended March 31, 2021 and 2020, the changes in other comprehensive income were net of a tax benefit of $0.3 million and $0.1 million, respectively.

Reclassification out of Accumulated Other Comprehensive Income


	Amounts Reclassified from Accumulated Other Comprehensive Income
	2021		2020
	(in thousands)
Three Months Ended March 31,
Losses from the sale of available-for-sale securities	$	(48)	$	(11)
Tax benefit	12		2
Net loss reclassified from accumulated other comprehensive income	$	(36)	$	(9)