Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2017

Other Comprehensive Income (Loss)

Other Comprehensive Income (Loss)

5.Other Comprehensive Income (Loss)

The following table presents the tax effect on each component of “Other comprehensive income (loss).”

	For the Three Months Ended June 30,
	2017						2016
	Before		Tax		Net		Before		Tax		Net
	Tax		(Expense)		of Tax		Tax		(Expense)		of Tax
	Amount		Benefit		Amount		Amount		Benefit		Amount
	(In thousands)
Foreign currency translation adjustments	$	639	$	—	$	639	$	—	$	—	$	—
Unrealized holding gains (losses) on available-for-sale securities		801		(290)		511		2,497		(916)		1,581
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(630)		228		(402)		(28,953)		10,155		(18,798)
Other comprehensive income (loss)	$	810	$	(62)	$	748	$	(26,456)	$	9,239	$	(17,217)

	For the Six Months Ended June 30,
	2017						2016
	Before		Tax		Net		Before		Tax		Net
	Tax		(Expense)		of Tax		Tax		(Expense)		of Tax
	Amount		Benefit		Amount		Amount		Benefit (1)		Amount
	(In thousands)
Foreign currency translation adjustments	$	846	$	—	$	846	$	—	$	—	$	—
Unrealized holding gains (losses) on available-for-sale securities		6,965		(2,559)		4,406		(104)		38		(66)
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(634)		233		(401)		(93,643)		34,118		(59,525)
Other comprehensive income (loss)	$	7,177	$	(2,326)	$	4,851	$	(93,747)	$	34,156	$	(59,591)

The “Accumulated other comprehensive income (loss)” is detailed in the following table, net of tax.

		Foreign		Unrealized/
		Currency		Recognized
		Translation		Gains
Accumulated Other Comprehensive Income (Loss)		Adjustment		(Losses)	Total
	(In thousands)
Balance as of December 31, 2016	$	—	$	781	$	781
Foreign currency translation adjustments		846		—		846
Other comprehensive income (loss) before reclassification		—		4,406		4,406
Amounts reclassified from accumulated other comprehensive income (loss)		—		(401)		(401)
Balance as of June 30, 2017	$	846	$	4,786	$	5,632