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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net income: $ 5,826 $ 5,344 $ 18,034 $ 32,035
Other comprehensive (loss) income:        
Interest rate swap (509)   (509)  
Reclassification of net realized (gain) loss included in earnings (80)   (78) 1,050
Reclassification into retained earnings [1]       932
Reclassification of other-than-temporary impairment loss included in earnings   1,660   1,723
Total before income taxes (555) 416 255 1,970
Income tax benefit (expense) [2] 135 (105) (71) (811)
Total other comprehensive (loss) income, net of tax (420) 311 184 1,159
Total comprehensive income, net of tax 5,406 5,655 18,218 33,194
Unrestricted available-for-sale, Debt securities        
Other comprehensive (loss) income:        
Net unrealized gain (loss) on investments $ 34 $ (1,244) 824 (1,726)
Restricted        
Other comprehensive (loss) income:        
Net unrealized gain (loss) on investments     $ 18 $ (9)
[1] The reclassification into retained earnings for the nine months ended September 30, 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.Income tax expense for the nine months ended September 30, 2018
[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 loss to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act (the “Tax Act”).