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Note 14 - Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2016
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:
 
Three Months Ended June 30, 2016
 
Six Months Ended June 30, 2016
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
35,064

 
$
12,273

 
$
22,791

 
$
(28,425
)
 
$
(9,948
)
 
$
(18,477
)
OCI:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 

 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
61,996

 
21,699

 
40,297

 
122,571

 
42,900

 
79,671

Less: Reclassification adjustment for net gains (losses) included in net income (1) 
1,166

 
408

 
758

 
(2,152
)
 
(753
)
 
(1,399
)
Net unrealized gains (losses) on investments
60,830

 
21,291

 
39,539

 
124,723

 
43,653

 
81,070

Net foreign currency translation adjustments
(346
)
 
(121
)
 
(225
)
 
(476
)
 
(166
)
 
(310
)
Net actuarial gains (losses)
—

 
—

 
—

 
(274
)
 
(96
)
 
(178
)
OCI
60,484

 
21,170

 
39,314

 
123,973

 
43,391

 
80,582

Balance at end of period
$
95,548

 
$
33,443

 
$
62,105

 
$
95,548

 
$
33,443

 
$
62,105

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

 
24,050

 
44,664

 
68,663

 
24,032

 
44,631

Net unrealized gains (losses) on investments
(101,975
)
 
(35,691
)
 
(66,284
)
 
(91,995
)
 
(32,198
)
 
(59,797
)
Net foreign currency translation adjustments
243

 
85

 
158

 
49

 
17

 
32

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
)
______________________
(1)
Included in net gains (losses) on investments and other financial instruments on our unaudited condensed consolidated statements of operations. 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.
(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 (loss) 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.