Changes in Accumulated Other Comprehensive Income by Component (Tables)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Summary of Changes in Accumulated Other Comprehensive Income

The following table provides a summary of changes in accumulated other comprehensive income, net of taxes:


	Unrealized Gains and (Losses) on Available-for Sale-Securities ¹
	2019		2018		2017
	(in thousands)
Accumulated other comprehensive income (loss) — beginning balance	$	158	$	837	$	(319)
Other comprehensive income (loss) before reclassifications	2,848		(844)		1,149
(Gains) losses reclassified from other comprehensive income ²	(87)		165		7
Net current period other comprehensive income (loss) ³	2,761		(679)		1,156
Accumulated other comprehensive income — ending balance	$	2,919	$	158	$	837

^1.All amounts are net of tax.

^2.Realized gains were recorded pre-tax under “Investment and other income, net” in our Consolidated Statements of Comprehensive Income. For the year ended December 31, 2019 the Company recorded $0.1 million of realized gains from the sale of available-for-sale securities. For the years ended December 31, 2018 and 2017 the Company recorded $0.2 million and less than $0.1 million of realized losses from the sale of available-for-sale securities, respectively. Refer to Note 6—Fair Value Measurements herein for further information.

^3.For the years ended December 31, 2019 and 2017, the changes in other comprehensive income were net of a tax expense of $0.7 million and $0.3 million, respectively. For the year ended December 31, 2018 the changes in other comprehensive income were net of a tax benefit of $0.1 million.

Reclassification out of Accumulated Other Comprehensive Income


	Amounts Reclassified from Accumulated Other Comprehensive Income
	2019		2018		2017
For the Year Ended December 31,	(in thousands)
(Gains) losses from the sale of available-for-sale securities	$	(111)	$	197	$	11
Tax expense (benefit)	24		(32)		(4)
Net (gain) loss reclassified from accumulated other comprehensive income	$	(87)	$	165	$	7