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Note 5 - Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]
5
.
Accumulated
Other Comprehensive Income
 
The following table sets forth our changes in accumulated other comprehensive income (“AOCI”):
 
   
Three Months Ended
    
Six Months Ended
  
 
  
June 30,
   
June 30,
 
 
  
2017
    
2016
    
2017
    
2016
  
 
  
(Dollars in thousands)
  
Unrealized gains on available-for-sale marketable securities
1
:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
9,479
 
 
$
5,016
 
 
$
7,730
 
 
$
3,657
 
Other comprehensive income before reclassifications
 
 
2,389
 
 
 
880
 
 
 
4,423
 
 
 
1,404
 
Amounts reclassified from AOCI
2
 
 
(692
)
 
 
(552
)
 
 
(977
)
 
 
283
 
Ending balance
 
$
11,176
 
 
$
5,344
 
 
$
11,176
 
 
$
5,344
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unrealized gains on available-for-sale metropolitan district bond securities
1
:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
 
$
14,578
 
 
$
12,647
 
 
$
14,341
 
 
$
12,058
 
Other comprehensive income before reclassifications
 
 
247
 
 
 
567
 
 
 
484
 
 
 
1,156
 
Amounts reclassified from AOCI
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Ending balance
 
$
14,825
 
 
$
13,214
 
 
$
14,825
 
 
$
13,214
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total ending AOCI
 
$
26,001
 
 
$
18,558
 
 
$
26,001
 
 
$
18,558
 
                                                                                                      
 
 
(
1
)
All amounts net-of-tax.
 
(
2
)
See separate table below for details about these reclassifications
 
The following table sets forth the activity related to reclassifications out of accumulated other comprehensive income related to available for sale securities:
 
   
Three Months Ended
    
Six Months Ended
  
 
  
June 30,
   
June 30,
 
Affected Line Item in the Statements of Operations
  
2017
    
2016
    
2017
    
2016
  
 
  
(Dollars in thousands)
  
Homebuilding: Interest and other income
 
$
889
 
 
$
1,177
 
 
$
1,411
 
 
$
262
 
Homebuilding: Other-than-temporary impairment of marketable securities
 
 
(1
)
 
 
(288
)
 
 
(51
)
 
 
(719
)
Financial services: Interest and other income
 
 
308
 
 
 
-
 
 
 
347
 
 
 
-
 
Financial services: Other-than-temporary impairment of marketable securities
 
 
(80
)
 
 
-
 
 
 
(131
)
 
 
-
 
Income before income taxes
 
 
1,116
 
 
 
889
 
 
 
1,576
 
 
 
(457
)
Provision for income taxes
 
 
(424
)
 
 
(337
)
 
 
(599
)
 
 
174
 
Net income
 
$
692
 
 
$
552
 
 
$
977
 
 
$
(283
)