Note 15 - Accumulated Other Comprehensive Income ("AOCI")

9 Months Ended

Sep. 30, 2015

Accumulated Other Comprehensive Income Loss Disclosure [Abstract]

Accumulated Other Comprehensive Income Loss Disclosure [Text Block]

15. Accumulated Other Comprehensive Income (“AOCI”)

The following tables display the change in the components of accumulated other comprehensive income for the nine months ended September 30, 2015 and 2014:

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for- Sale Investments			Unrealized Gain/(Loss) on Interest Rate Swaps			Total
Balance as of January 1, 2015	$	329		$	46,197		$	(1,404	)	$	45,122
Other comprehensive income before reclassifications		(14,973	)		(5,930	)		(475	)		(21,378	)
Amounts reclassified from AOCI (1)		-			(38,488	)		-			(38,488	)
Net current-period other comprehensive income		(14,973	)		(44,418	)		(475	)		(59,866	)
Balance as of September 30, 2015	$	(14,644	)	$	1,779		$	(1,879	)	$	(14,744	)

	Foreign Currency Translation Adjustments			Unrealized Gains on Available-for-Sale Investments		Total
Balance as of January 1, 2014	$	(90,977	)	$	25,995	$	(64,982	)
Other comprehensive income before reclassifications		(17,618	)		13,980		(3,638	)
Amounts reclassified from AOCI		-			-		-
Net current-period other comprehensive income		(17,618	)		13,980		(3,638	)
Balance as of September 30, 2014	$	(108,595	)	$	39,975	$	(68,620	)

(1) Amounts reclassified to Interest, dividends and other investment income on the Company’s Condensed Consolidated Statements of Income.

At September 30, 2015, the Company had a net $14.6 million of unrealized cumulative foreign currency translation adjustment (“CTA”) losses relating to its foreign entity investments in Canada and Chile. The CTA is comprised of $3.7 million of unrealized gains relating to its Canadian investments and $18.3 million of unrealized loss relating to its Chilean investment. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under generally accepted accounting principles in the United States (“GAAP”), the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. The Company may, in the near term, liquidate its investment in Chile, which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.