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Note 15 - Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2019
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 accumulated other comprehensive income (loss) as of the periods indicated:
 
Three Months Ended March 31, 2019
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
(77,114
)
 
$
(16,194
)
 
$
(60,920
)
Other comprehensive income (loss):
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
98,763

 
20,740

 
78,023

Less: Reclassification adjustment for net gains (losses) included in net income (1) 
(495
)
 
(104
)
 
(391
)
Net unrealized gains (losses) on investments
99,258

 
20,844

 
78,414

Other comprehensive income (loss)
99,258

 
20,844

 
78,414

Balance at end of period
$
22,144

 
$
4,650

 
$
17,494

 
 
 
 
 
 
 
Three Months Ended March 31, 2018
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
32,669

 
$
9,584

 
$
23,085

Cumulative effect of adopting the accounting standard update for financial instruments
284

 
60

 
224

Cumulative effect of adopting the accounting standard update for the reclassification of certain tax effects
—

 
(2,724
)
 
2,724

Balance adjusted for cumulative effect of adopting accounting standard updates
32,953

 
6,920

 
26,033

Other comprehensive income (loss):
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
(76,763
)
 
(16,120
)
 
(60,643
)
Less: Reclassification adjustment for net gains (losses) included in net income (1) 
(3,964
)
 
(832
)
 
(3,132
)
Net unrealized gains (losses) on investments
(72,799
)
 
(15,288
)
 
(57,511
)
Unrealized foreign currency translation adjustments
4

 
1

 
3

Other comprehensive income (loss)
(72,795
)
 
(15,287
)
 
(57,508
)
Balance at end of period
$
(39,842
)
 
$
(8,367
)
 
$
(31,475
)

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