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Note 17 - Accumulated Other Comprehensive Income
 12 Months Ended
Dec. 31, 2016
Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Comprehensive Income (Loss) Note [Text Block]
Accumulated Other Comprehensive Income (Loss)
The following table shows the rollforward of AOCI as of the periods indicated:
 
Year Ended December 31, 2016
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
(28,425
)
 
$
(9,948
)
 
$
(18,477
)
Other comprehensive income (loss) (“OCI”):
 
 
 
 
 
Unrealized gains (losses) on investments:

 

 
 
Unrealized holding gains (losses) arising during the period
13,510

 
4,728

 
8,782

Less: Reclassification adjustment for net gains (losses) included in net income (1) 
3,463

 
1,212

 
2,251

Net unrealized gains (losses) on investments
10,047

 
3,516

 
6,531

Net foreign currency translation adjustments
(724
)
 
(250
)
 
(474
)
Net actuarial gains (losses)
39

 
14

 
25

OCI
9,362

 
3,280

 
6,082

Balance at end of period
$
(19,063
)
 
$
(6,668
)
 
$
(12,395
)
 
 
 
 
 
 
 
Year Ended December 31, 2015
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
79,208

 
$
27,723

 
$
51,485

OCI:
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
(34,728
)
 
(12,155
)
 
(22,573
)
Less: Reclassification adjustment for net gains (losses) included in net income (1) (2) 
67,974

 
23,791

 
44,183

Net unrealized gains (losses) on investments
(102,702
)
 
(35,946
)
 
(66,756
)
Net foreign currency translation adjustments
(333
)
 
(116
)
 
(217
)
Activity related to investments recorded as assets held for sale (3) 
(5,006
)
 
(1,752
)
 
(3,254
)
Net actuarial gains (losses)
408

 
143

 
265

OCI
(107,633
)
 
(37,671
)
 
(69,962
)
Balance at end of period
$
(28,425
)
 
$
(9,948
)
 
$
(18,477
)
 
 
 
 
 
 
 
Year Ended December 31, 2014
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
57,345

 
$
19,962

 
$
37,383

OCI:
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
21,204

 
7,554

 
13,650

Less: Reclassification adjustment for net gains (losses) included in net income (1) 
(1,599
)
 
(560
)
 
(1,039
)
Net unrealized gains (losses) on investments
22,803

 
8,114

 
14,689

Net foreign currency translation adjustments
(326
)
 
(100
)
 
(226
)
Activity related to investments recorded as assets held for sale (4) 
(329
)
 
(27
)
 
(302
)
Net actuarial gains (losses)
(285
)
 
(226
)
 
(59
)
OCI
21,863

 
7,761

 
14,102

Balance at end of period
$
79,208

 
$
27,723

 
$
51,485

______________________
(1)
Included in net gains (losses) on investments and other financial instruments on our consolidated statements of operations.
(2)
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 $69.2 million.
(3)
For 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.
(4)
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.