Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

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 March 31,
	2014			2013
	(in thousands)
Beginning balance	$	(4,295	)	$	2,979
Other comprehensive income/(loss) before reclassification		3,134			(556	)
Amounts reclassified from accumulated other comprehensive income		106			11

Net current period other comprehensive income/(loss)		3,240			(545	)

Ending Balance	$	(1,055	)	$	2,434

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 March 31,						Affected line item in the statement of income
	2014			2013
	(in thousands)
Unrealized losses on available-for-sale securities	$	(163	)	$	(17	)	Net realized gains on investments

		(163	)		(17	)	Income before income taxes
		57			6		Income tax expense

	$	(106	)	$	(11	)	Net income