14.	Comprehensive Income and Accumulated Other Comprehensive Income

Comprehensive income includes net income plus unrealized gains/losses on our available-for-sale investment securities, net of tax. The following table illustrates the changes in the balance of each component of accumulated other comprehensive income (loss) for each period presented in the financial statements.

	Year Ended December 31,
	2017			2016			2015
	(in thousands)
Beginning balance	$	(492	)	$	2,587		$	2,810
Other comprehensive income (loss) before reclassification		4,823			(3,231	)		(1,584	)
Amounts reclassified from accumulated other comprehensive income (loss)		(719	)		152			1,361
Net current period other comprehensive income (loss)		4,104			(3,079	)		(223	)
Ending balance	$	3,612		$	(492	)	$	2,587

The sale or other-than-temporary impairment (OTTI) of an available-for-sale security results in amounts being reclassified from accumulated other comprehensive income to current period net 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 (Loss)	Year Ended December 31,									Affected line item in the statement of income
	2017			2016			2015
	(in thousands)
Unrealized gains (losses) on available-for- sale securities	$	1,106		$	(234	)	$	(494	)	Net realized losses on investments
Other-than-temporary impairment		—			—			(1,600	)	Net realized losses on investments
		1,106			(234	)		(2,094	)	Income before income taxes
		(387	)		82			733		Income tax expense
	$	719		$	(152	)	$	(1,361	)	Net income

	Pre-Tax Amount			Tax Expense			Net-of-Tax Amount
	(in thousands)
December 31, 2017
Unrealized gain on securities:
Unrealized gain on available-for-sale securities	$	6,960		$	2,137		$	4,823
Reclassification adjustment for losses realized in net income		(1,106	)		(387	)		(719	)
Net unrealized gain		5,854			1,750			4,104
Other comprehensive income	$	5,854		$	1,750		$	4,104
December 31, 2016
Unrealized loss on securities:
Unrealized loss on available-for-sale securities	$	(4,908	)	$	(1,718	)	$	(3,190	)
Less amortization of differences between fair value and amortized cost for fixed maturity security transfer		(63	)		(22	)		(41	)
Reclassification adjustment for gains realized in net income		234			82			152
Net unrealized loss		(4,737	)		(1,658	)		(3,079	)
Other comprehensive loss	$	(4,737	)	$	(1,658	)	$	(3,079	)
December 31, 2015
Unrealized loss on securities:
Unrealized loss on available-for-sale securities	$	(2,572	)	$	(900	)	$	(1,672	)
Change in unrealized losses on available-for-sale securities with OTTI		176			62			114
Less amortization of differences between fair value and amortized cost for fixed maturity security transfer		(40	)		(14	)		(26	)
Reclassification adjustment for gains realized in net income		2,093			732			1,361
Net unrealized loss		(343	)		(120	)		(223	)
Other comprehensive loss	$	(343	)	$	(120	)	$	(223	)