Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2020

The following table sets forth our changes in accumulated other comprehensive income:


	Year Ended December 31,
	2020		2019		2018
	(Dollars in thousands)
Unrealized gains (losses) on available-for-sale marketable securities (1) :
Beginning balance	$	—	$	—	$	3,992
Adoption of ASU 2018-02 (Note 2)	—		—		860
Adoption of ASU 2016-01 (Note 2)	—		—		(4,852)
Ending balance	$	—	$	—	$	—

(1)All amounts net-of-tax.

During the first quarter of 2018, an election was made to reclassify the income tax effects of the Tax Cuts and Jobs Act related to net unrealized gains on equity investments from accumulated other comprehensive income to retained earnings. See Note 2 for further discussion of adoption of new accounting standards.