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ACCUMULATED OTHER COMPREHENSIVE INCOME
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Accumulated Other Comprehensive Income
ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated other comprehensive income was as follows (in thousands):
 
December 31,
 
2016
 
2015
Net unrealized gain on available-for-sale investments
$
6,736

 
$
5,065

Foreign currency translation
(75
)
 
(104
)
Accumulated other comprehensive income
$
6,661

 
$
4,961



The unrealized gain on available-for-sale investments is net of a deferred income tax liability of $3.6 million at December 31, 2016 and $2.8 million at December 31, 2015.

The following table reports amounts that were reclassified from accumulated other comprehensive income and included in earnings (in thousands):
 
Year Ended December 31,
 
2016
 
2015
 
2014
Accumulated other comprehensive income - January 1
$
4,961

 
$
4,717

 
$
232

Unrealized gain reclassified and recognized in net loss, net of tax(1)
(193
)
 
(481
)
 
(3,020
)
Foreign exchange reclassified and recognized in net loss, net of tax(1)
20

 
361

 
6,567

Total reclassified and recognized in net loss, net of tax
(173
)
 
(120
)
 
3,547

Unrealized gain on marketable securities, net of tax
1,864

 
773

 
927

Accumulated currency, net of tax
9

 
(409
)
 
11

Net change in other comprehensive income, net of tax
1,700

 
244

 
4,485

Accumulated other comprehensive income - December 31
$
6,661

 
$
4,961

 
$
4,717



(1) Amounts reclassified from this category are included in other income in the consolidated statement of operations and comprehensive income or loss.

During 2014, the Company substantially liquidated several wholly-owned subsidiaries, one of which conducted business and maintained its financial statements in a foreign denominated local currency. The translation of such financial statements into the Company’s U.S. reporting currency created a cumulative translation loss of $9.3 million, which was reported net of a $3.1 million tax benefit in accumulated other comprehensive income or loss. In conjunction with the liquidation, the balance of the accumulated foreign currency adjustment was reclassified from accumulated other comprehensive loss and was reported as a loss on liquidation within other income, net in the consolidated statement of operations and comprehensive income or loss for the year ended December 31, 2014.