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Note 11 - Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table shows the rollforward of AOCI as of the periods indicated. During the second quarter of 2015, we sold equity securities in our portfolio and reinvested the proceeds in assets that qualify as PMIERs-compliant Available Assets, recognizing pretax gains of $68.7 million.
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
91,806

 
$
32,132

 
$
59,674

 
$
79,208

 
$
27,723

 
$
51,485

OCI:
 
 
 
 
 
 
 
 
 
 
 
Net foreign currency translation adjustments
243


85


158


49


17

 
32

Unrealized gains (losses) on investments:
 
 
 
 


 
 
 
 
 
 
Unrealized holding losses arising during the period
(33,261
)
 
(11,641
)
 
(21,620
)
 
(23,332
)
 
(8,166
)
 
(15,166
)
Less: Reclassification adjustment for net gains included in net income (1)
68,714

 
24,050

 
44,664

 
68,663

 
24,032

 
44,631

Net unrealized losses on investments
(101,975
)
 
(35,691
)
 
(66,284
)
 
(91,995
)
 
(32,198
)
 
(59,797
)
Activity related to investments recorded as assets held for sale (2)
(7,818
)
 
(2,736
)
 
(5,082
)
(3)
(5,006
)
 
(1,752
)
 
(3,254
)
OCI
(109,550
)
 
(38,342
)
 
(71,208
)
 
(96,952
)
 
(33,933
)
 
(63,019
)
Balance at end of period
$
(17,744
)
 
$
(6,210
)
 
$
(11,534
)
 
$
(17,744
)
 
$
(6,210
)
 
$
(11,534
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2014
 
Six Months Ended June 30, 2014
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
61,185

 
$
19,841

 
$
41,344

 
$
57,345

 
$
19,962

 
$
37,383

OCI:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
8,422

 
(211
)
 
8,633

 
11,092

 
(210
)
 
11,302

Less: Reclassification adjustment for net losses included in net income (1)
(604
)
 
(211
)
 
(393
)
 
(599
)
 
(210
)
 
(389
)
Net unrealized gains on investments
9,026

 
—

 
9,026

 
11,691

 
—

 
11,691

Activity related to investments recorded as assets held for sale (2)
646

 
(1
)
 
647

 
1,821

 
(122
)
 
1,943

OCI
9,672

 
(1
)
 
9,673

 
13,512

 
(122
)
 
13,634

Balance at end of period
$
70,857

 
$
19,840

 
$
51,017

 
$
70,857

 
$
19,840

 
$
51,017

_________________________
(1)
Included in net gains on investments and other financial instruments on our condensed consolidated statements of operations.
(2)
Represents the unrealized holding gains (losses) arising during the period on investments recorded as assets held for sale, net of reclassification adjustments for net gains (losses) included in net income from discontinued operations.
(3)
For the three months ended June 30, 2015, this amount represents the recognition of investment gains included in income from discontinued operations, net of tax, as a result of the completion of the sale of Radian Asset Assurance on April 1, 2015. Previously, pursuant to accounting standards, such investment gains had been deferred and recorded in AOCI.