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Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Note 11.  Accumulated Other Comprehensive Income (Loss)
 
Changes in accumulated other comprehensive income ("AOCI") (loss) by component, including amounts reclassified to other comprehensive income ("OCI") (loss) and the related line item in the Statements of Operations where net income is presented, are as follows:
 
 
Three months ended
 
Three months ended
 
 
September 30, 2018
 
September 30, 2017
(in thousands)
 
Before Tax
Income Tax (1)
Net
 
Before Tax
Income Tax (1)
Net
Investment securities:
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(4,157
)
$
(873
)
$
(3,284
)
 
$
7,974

$
2,791

$
5,183

OCI (loss) before reclassifications
 
(624
)
(131
)
(493
)
 
643

225

418

Realized investment losses (gains)
 
1

0

1

 
(899
)
(314
)
(585
)
OCI (loss)
 
(623
)
(131
)
(492
)
 
(256
)
(89
)
(167
)
AOCI (loss), end of period
 
$
(4,780
)
$
(1,004
)
$
(3,776
)
 
$
7,718

$
2,702

$
5,016

 
 
 
 
 
 
 
 
 
Pension and other postretirement plans: (2)
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
$
(190,695
)
$
(66,744
)
$
(123,951
)
AOCI (loss), end of period
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
$
(190,695
)
$
(66,744
)
$
(123,951
)
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(205,111
)
$
(43,074
)
$
(162,037
)
 
$
(182,721
)
$
(63,953
)
$
(118,768
)
Investment securities
 
(623
)
(131
)
(492
)
 
(256
)
(89
)
(167
)
Pension and other postretirement plans
 
0

0

0

 
0

0

0

OCI (loss)
 
(623
)
(131
)
(492
)
 
(256
)
(89
)
(167
)
AOCI (loss), end of period
 
$
(205,734
)
$
(43,205
)
$
(162,529
)
 
$
(182,977
)
$
(64,042
)
$
(118,935
)

 
 
Nine months ended
 
Nine months ended
 
 
September 30, 2018
 
September 30, 2017
(in thousands)
 
Before Tax
Income Tax (1)
Net
 
Before Tax
Income Tax (1)
Net
Investment securities:
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
3,410

$
716

$
2,694

 
$
3,954

$
1,384

$
2,570

OCI (loss) before reclassifications
 
(9,163
)
(1,924
)
(7,239
)
 
5,029

1,760

3,269

Realized investment losses (gains)
 
412

86

326

 
(1,447
)
(506
)
(941
)
Impairment losses
 
646

136

510

 
182

64

118

Cumulative effect of adopting ASU 2016-01 (3)
 
(85
)
(18
)
(67
)
 
—

—

—

OCI (loss)
 
(8,190
)
(1,720
)
(6,470
)
 
3,764

1,318

2,446

AOCI (loss), end of period
 
$
(4,780
)
$
(1,004
)
$
(3,776
)
 
$
7,718

$
2,702

$
5,016

 
 
 
 
 
 
 
 
 
Pension and other postretirement plans: (2)
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
$
(190,695
)
$
(66,744
)
$
(123,951
)
AOCI (loss), end of period
 
$
(200,954
)
$
(42,201
)
$
(158,753
)
 
$
(190,695
)
$
(66,744
)
$
(123,951
)
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
AOCI (loss), beginning of period
 
$
(197,544
)
$
(41,485
)
$
(156,059
)
 
$
(186,741
)
$
(65,360
)
$
(121,381
)
Investment securities
 
(8,190
)
(1,720
)
(6,470
)
 
3,764

1,318

2,446

Pension and other postretirement plans
 
0

0

0

 
0

0

0

OCI (loss)
 
(8,190
)
(1,720
)
(6,470
)
 
3,764

1,318

2,446

AOCI (loss), end of period
 
$
(205,734
)
$
(43,205
)
$
(162,529
)
 
$
(182,977
)
$
(64,042
)
$
(118,935
)


(1)
Deferred taxes were recognized at the corporate rate of 21% for the three and nine months ended September 30, 2018 and 35% for the three and nine months ended September 30, 2017.
(2)
There are no comprehensive income items or amounts reclassified out of accumulated other comprehensive loss related to postretirement plan items during interim periods.
(3)
ASU 2016-01 required a reclassification of unrealized losses of equity securities from AOCI to retained earnings at January 1, 2018. See Note 2, "Significant Accounting Policies".