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Note 14 - Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 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 June 30, 2019
 
Six Months Ended June 30, 2019
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
22,144

 
$
4,650

 
$
17,494

 
$
(77,114
)
 
$
(16,194
)
 
$
(60,920
)
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 

 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
91,140

 
19,140

 
72,000

 
189,903

 
39,880

 
150,023

Less: Reclassification adjustment for net gains (losses) included in net income (1) 
1,303

 
274

 
1,029

 
808

 
170

 
638

Net unrealized gains (losses) on investments
89,837

 
18,866

 
70,971

 
189,095

 
39,710

 
149,385

Unrealized foreign currency translation adjustments
(4
)
 
(1
)
 
(3
)
 
(4
)
 
(1
)
 
(3
)
Other comprehensive income (loss)
89,833

 
18,865

 
70,968

 
189,091

 
39,709

 
149,382

Balance at end of period
$
111,977

 
$
23,515

 
$
88,462

 
$
111,977

 
$
23,515

 
$
88,462

 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
(In thousands)
Before Tax
 
Tax Effect
 
Net of Tax
 
Before Tax
 
Tax Effect
 
Net of Tax
Balance at beginning of period
$
(39,842
)
 
$
(8,367
)
 
$
(31,475
)
 
$
32,669

 
$
9,584

 
$
23,085

Cumulative effect of adopting accounting standard updates
—

 
—

 
—

 
284

 
(2,664
)
 
2,948

Balance adjusted for cumulative effect of adopting accounting standard updates
(39,842
)
 
(8,367
)
 
(31,475
)
 
32,953

 
6,920

 
26,033

Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains (losses) on investments:
 
 
 
 
 
 
 
 
 
 
 
Unrealized holding gains (losses) arising during the period
(35,194
)
 
(7,390
)
 
(27,804
)
 
(111,957
)
 
(23,510
)
 
(88,447
)
Less: Reclassification adjustment for net gains (losses) included in net income (1) 
(1,691
)
 
(355
)
 
(1,336
)
 
(5,655
)
 
(1,187
)
 
(4,468
)
Net unrealized gains (losses) on investments
(33,503
)
 
(7,035
)
 
(26,468
)
 
(106,302
)
 
(22,323
)
 
(83,979
)
Unrealized foreign currency translation adjustments
—

 
—

 
—

 
4

 
1

 
3

Other comprehensive income (loss)
(33,503
)
 
(7,035
)
 
(26,468
)
 
(106,298
)
 
(22,322
)
 
(83,976
)
Balance at end of period
$
(73,345
)
 
$
(15,402
)
 
$
(57,943
)
 
$
(73,345
)
 
$
(15,402
)
 
$
(57,943
)

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