Accumulated Other Comprehensive Income

Activity in accumulated other comprehensive income is reflected in the Consolidated Statements of Comprehensive Income (Loss) and Consolidated Statements of Changes in Equity but not in the Consolidated Statements of Operations. A summary of accumulated other comprehensive income, net of taxes is as follows (in thousands):



	September 30, 2018			December 31, 2017
Net unrealized gains on available for sale securities	$	542,790		$	572,085
Net unrealized foreign exchange losses	(180,926		)	(101,400		)
Net unrealized losses on instrument specific credit risk	(18,916		)	(34,432		)
Net unrealized gains (losses) on cash flow hedges	446			(1,138		)
Net minimum pension liability	(55,649		)	(62,391		)
	$	287,745		$	372,724

For the nine months ended September 30, 2018 and 2017, significant amounts reclassified out of accumulated other comprehensive income to net income are as follows (in thousands):



Details about Accumulated Other Comprehensive Income Components	Amount Reclassified from Accumulated Other Comprehensive Income						Affected Line Item in the Consolidated Statements of Operations
	2018			2017
Net unrealized gains on available for sale securities, net of income tax provision of $37 and $14	$	105		$	24		Other revenues
Net unrealized foreign exchange gains (losses), net of income tax provision (benefit) of $(16) and $1,086	20,459			(5,310		)	Other income and other expenses
Net unrealized gains on instrument specific credit risk, net of income tax provision of $126 and $0	371			—			Principal transactions
Amortization of defined benefit pension plan actuarial losses, net of income tax benefit of $(508) and $(604)	(1,398		)	(1,297		)	Selling, general and other expenses, which includes pension expense
Other pension, net of income tax benefit of $0 and $(1,231)	(5,344		)	1,231			Compensation and benefits expense and Income tax provision (benefit)
Total reclassifications for the period, net of tax	$	14,193		$	(5,352	)

In connection with the acquisition of Jefferies Bache from Prudential on July 1, 2011, Jefferies Group acquired a defined benefit pension plan located in Germany (the "German Pension Plan") for the benefit of eligible employees of Jefferies Bache in that territory. On December 28, 2017, a Liquidation Insurance Contract was entered into between Jefferies Bache Limited and Generali Lebensversicherung AG ("Generali") to transfer the defined benefit pension obligations and insurance contracts to Generali, for approximately €6.5 million, which was paid in January 2018 and released Jefferies Group from any and all obligations under the German Pension Plan. This transaction was completed in the first quarter of 2018. In connection with the transfer of the German Pension Plan, $5.3 million was reclassified to Compensation and benefits expense in the Consolidated Statements of Operations from Accumulated other comprehensive income during the nine months ended September 30, 2018.