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Note 14 - Accumulated Other Comprehensive Income
6 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss)
The following table shows the rollforward of AOCI as of the periods indicated:
 
Three Months Ended June 30, 2017
 
Six Months Ended June 30, 2017
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
(5,168
)
 
$
(1,805
)
 
$
(3,363
)
 
$
(19,063
)
 
$
(6,668
)
 
$
(12,395
)
OCI:
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 

 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
31,137

 
10,898

 
20,239

 
42,471

 
14,865

 
27,606

Less: Reclassification adjustment for net gains (losses) included in net income (loss) (1) 
(1,795
)
 
(628
)
 
(1,167
)
 
(4,304
)
 
(1,506
)
 
(2,798
)
Net unrealized gains (losses) on investments
32,932

 
11,526

 
21,406

 
46,775

 
16,371

 
30,404

Net foreign currency translation adjustments
114

 
40

 
74

 
166

 
58

 
108

OCI
33,046

 
11,566

 
21,480

 
46,941

 
16,429

 
30,512

Balance at end of period
$
27,878

 
$
9,761

 
$
18,117

 
$
27,878

 
$
9,761

 
$
18,117

 
 
 
 
 
 
 
 
 
 
 
 
 
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 (loss) (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 loss

 

 

 
(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

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