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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net income: $ 5,344 $ 6,141 $ 32,035 $ 20,943
Other comprehensive income (loss):        
Reclassification of net realized loss (gain) included in earnings   104 1,050 (10,757)
Reclassification into retained earnings [1]     932  
Reclassification of other-than-temporary impairment loss included in earnings 1,660 403 1,723 769
Other comprehensive loss, Before-tax-amount 416 (172) 1,970 (6,017)
Income tax (expense) benefit [2] (105) (75) (811) 2,319
Total other comprehensive income (loss), net of tax 311 (247) 1,159 (3,698)
Total comprehensive income, net of tax 5,655 5,894 33,194 17,245
Unrestricted available-for-sale, Debt securities        
Other comprehensive income (loss):        
Net unrealized (loss) gain on investments $ (1,244)   (1,726)  
Unrestricted available-for-sale, Debt and equity securities        
Other comprehensive income (loss):        
Net unrealized (loss) gain on investments   (683)   3,967
Restricted        
Other comprehensive income (loss):        
Net unrealized (loss) gain on investments   $ 4 $ (9) $ 4
[1] The reclassification into retained earnings relates to the adoption of Accounting Standards Update (“ASU”) 201601 Financial Instruments - Overall, as amended (“ASU 201601”). The new guidance was effective January 1, 2018, and required equity investments to be measured at fair value with changes in fair value recognized in results of operations rather than the condensed consolidated statements of comprehensive income. See Note 2. Summary of Significant Accounting Policies.
[2] Income tax expense for the nine months ended September 30, 2018 includes $0.3 million of income tax expense related to the adoption of ASU 201802 Income Statement - Reporting Comprehensive Income (“ASU 201802”). The new guidance was effective January 1, 2018, and allowed a reclassification from accumulated other comprehensive income (loss) to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”). See Note 2. Summary of Significant Accounting Policies.