Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.


	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(in thousands)						(in thousands)
Beginning balance	$	(1,626	)	$	2,665		$	2,979		$	2,215
Other comprehensive income/(loss) before reclassification		(1,483	)		1,797			(5,809	)		2,794
Amounts reclassified from accumulated other comprehensive income		438			(348	)		159			(895	)

Net current period other comprehensive income		(1,045	)		1,449			(5,650	)		1,899

Balance at September 30, 2013	$	(2,671	)	$	4,114		$	(2,671	)	$	4,114

Reclassification Out Of Accumulated Other Comprehensive Income

The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.


Component of Accumulated Other Comprehensive Income	Three Months Ended September 30,						Nine Months Ended September 30,						Affected line item in the statement of income
	2013			2012			2013			2012
	(in thousands)						(in thousands)
Unrealized gains/(losses) on available-for-sale securities	$	(484	)	$	535		$	362		$	1,377		Net realized gains/(losses) on investments
Other-than-temporary impairment		(190	)		—			(607	)		—		Net realized gains/(losses) on investments

		(674	)		535			(245	)		1,377		Income before income taxes
		236			(187	)		86			(482	)	Income tax expense

	$	(438	)	$	348		$	(159	)	$	895		Net income