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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income: $ 1,980 $ 625
Other comprehensive income (loss):    
Reclassification of net realized loss included in earnings 2 1,078
Reclassification into retained earnings [1]   932
Reclassification of other-than-temporary impairment loss included in earnings   63
Total before income taxes 812 1,261
Income tax expense [2] (206) (632)
Total other comprehensive income, net of tax 606 629
Total comprehensive income, net of tax 2,586 1,254
Unrestricted available-for-sale, Debt securities    
Other comprehensive income (loss):    
Net unrealized gain (loss) on investments 799 (803)
Restricted    
Other comprehensive income (loss):    
Net unrealized gain (loss) on investments $ 11 $ (9)
[1] The reclassification into retained earnings for the three months ended March 31, 2018 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.
[2] Income tax expense for the three months ended March 31, 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 loss to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”).