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Comprehensive Income
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Comprehensive Income
COMPREHENSIVE INCOME
The following tables detail the changes in the balances of each component of accumulated other comprehensive income for the affected periods:
 
Unrealized Gains
(Losses) on
Available- for
Sale Securities (1)
 
Amortization of
Postretirement
Benefit (1)
 
Gain (Loss) on
Foreign Currency
Translation (1)
 
Total
Successor Ambac
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
 
 
 
 
 
 
Beginning Balance
$
(41,910
)
 
$
10,847

 
$
42,724

 
$
11,661

Other comprehensive income before reclassifications
285,565

 
—

 
(43,165
)
 
242,400

Amounts reclassified from accumulated other comprehensive income
(32,962
)
 
(816
)
 
—

 
(33,778
)
Net current period other comprehensive income (loss)
252,603

 
(816
)
 
(43,165
)
 
208,622

Balance at December 31, 2014
$
210,693

 
$
10,031

 
$
(441
)
 
$
220,283

 
 
 
 
 
 
 
 
Successor Ambac
 
 
 
 
 
 
 
Period from May 1 to December 31, 2013
 
 
 
 
 
 
 
Beginning Balance
$
—

 
$
—

 
$
—

 
$
—

Other comprehensive income before reclassifications
(85,641
)
 
10,847

 
42,724

 
(32,070
)
Amounts reclassified from accumulated other comprehensive income
43,731

 
—

 
—

 
43,731

Net current period other comprehensive income (loss)
(41,910
)
 
10,847

 
42,724

 
11,661

Balance at December 31, 2013
$
(41,910
)
 
$
10,847

 
$
42,724

 
$
11,661

 
 
 
 
 
 
 
 
Predecessor Ambac
 
 
 
 
 
 
 
Period from January 1 through April 30, 2013
 
 
 
 
 
 
 
Beginning Balance
$
651,272

 
$
(5,860
)
 
$
(20,027
)
 
$
625,385

Other comprehensive income before reclassifications
188,212

 
—

 
(657
)
 
187,555

Amounts reclassified from accumulated other comprehensive income
(12,865
)
 
185

 
—

 
(12,680
)
Elimination of Predecessor Ambac Shareholder Equity Accounts (2) 
(826,619
)
 
5,675

 
20,684

 
(800,260
)
Net current period other comprehensive income (loss)
(651,272
)
 
5,860

 
20,027

 
(625,385
)
Balance at April 30, 2013
$
—

 
$
—

 
$
—

 
$
—

(1)    All amounts are net of tax and noncontrolling interest. Amounts in parentheses indicate debits.
(2)    See Note 3. Fresh Start Financial Statement Reporting for additional details.
The following table details the significant amounts reclassified from each component of accumulated other comprehensive income for the affected periods:
 
 
Amount Reclassified from Accumulated
Other Comprehensive Income (1)
 
 
 
 
Successor Ambac
 
 
Predecessor Ambac
 
 
 
 
 
 
Period from May 1
 
 
Period from January 1
 
Affected Line Item in the
Details about Accumulated Other
 
Year Ended
 
through
 
 
through
 
Consolidated Statement of
Comprehensive Income Components
 
December 31, 2014
 
December 31, 2013
 
 
April 30, 2013
 
Total Comprehensive Income
Unrealized Gains (Losses) on Available-for-Sale Securities
 
 
 
 
 
 
 
 
 
 
 
$
(32,962
)
 
$
43,731

 
 
$
(12,865
)
 
Net realized investment gains
 
 
—

 
—

 
 
—

 
Tax (expense) benefit
 
 
$
(32,962
)
 
$
43,731

 
 
$
(12,865
)
 
Net of tax and noncontrolling interest (3)
Amortization of Postretirement Benefit
 
 
 
 
 
 
 
 
 
Prior service cost
 
$
(664
)
 
$
—

 
 
$
1,616

 
Underwriting and operating expenses (2)
Actuarial gains (losses)
 
(152
)
 
—

 
 
(727
)
 
Underwriting and operating expenses (2)
 
 
(816
)
 
—

 
 
889

 
Total before tax
 
 
—

 
—

 
 
(704
)
 
Tax (expense) benefit
 
 
$
(816
)
 
$
—

 
 
$
185

 
Net of tax and noncontrolling interest (3)
Total reclassifications for the period
 
$
(33,778
)
 
$
43,731

 
 
$
(12,680
)
 
Net of tax and noncontrolling interest (3)
(1)
Amounts in parentheses indicate debits to the Consolidated Statement of Comprehensive Income.
(2)
These accumulated other comprehensive income components are included in the computation of net periodic benefit cost.
(3)
Amount agrees with amount reported as reclassifications from AOCI in the disclosure about changes in AOCI balances.