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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.