Other Comprehensive Income (Loss)

12 Months Ended

Dec. 31, 2018

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 Years Ended December 31,
	2018						2017						2016
	Before		Tax		Net		Before		Tax		Net		Before		Tax		Net
	Tax		(Expense)		of Tax		Tax		(Expense)		of Tax		Tax		(Expense)		of Tax
	Amount		Benefit		Amount		Amount		Benefit		Amount		Amount		Benefit (1)		Amount
	(In thousands)
Foreign currency translation adjustments	$	(1,343)	$	—	$	(1,343)	$	1,027	$	—	$	1,027	$	—	$	—	$	—
Unrealized holding gains (losses) on available-for-sale securities		(529)		122		(407)		9,671		(3,525)		6,146		3,050		(1,111)		1,939
Recognition of previously unrealized (gains) losses on available-for-sale securities included in net income (loss)		(8)		2		(6)		(11,129)		4,057		(7,072)		(99,312)		36,173		(63,139)
Other comprehensive income (loss)	$	(1,880)	$	124	$	(1,756)	$	(431)	$	532	$	101	$	(96,262)	$	35,062	$	(61,200)

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		1,027		—		1,027
Other comprehensive income (loss) before reclassification		—		6,146		6,146
Amounts reclassified from accumulated other comprehensive income (loss)		—		(7,072)		(7,072)
Balance as of December 31, 2017	$	1,027	$	(145)	$	882
Foreign currency translation adjustments		(1,343)		—		(1,343)
Other comprehensive income (loss) before reclassification		—		(407)		(407)
Amounts reclassified from accumulated other comprehensive income (loss)		—		(6)		(6)
Balance as of December 31, 2018	$	(316)	$	(558)	$	(874)