Changes in Accumulated Other Comprehensive Income Balances

12 Months Ended

Dec. 31, 2018

18.Changes in Accumulated Other Comprehensive Income Balances:

The changes in accumulated other comprehensive income balances as of December 31, 2018 and 2017 were as follows (in thousands):


					Accumulated Other
	Pension		Unrealized		Comprehensive
	Liability		Gains (Loss)		Income (Loss)
Balance at January 1, 2017	$	(2,666)	$	13,037	$	10,371
Other comprehensive income:
Change in net actuarial gain		548		—		548
Tax effect on change in net actuarial gain		(192)		—		(192)
Unrealized holding gains arising during the period		—		9,117		9,117
Tax effect on unrealized gains arising during the period		—		(3,191)		(3,191)
Reclassification adjustment for gains included in net realized gains		—		(6,799)		(6,799)
Tax effect on reclassification adjustment for gains included in income tax expense		—		2,380		2,380
Other comprehensive income, net of tax		356		1,507		1,863

Balance at December 31, 2017	$	(2,310)	$	14,544	$	12,234
Other comprehensive income:
Change in net actuarial gain		(576)		—		(576)
Tax effect on change in net actuarial gain		121		—		121
Unrealized holding losses arising during the period		—		(3,343)		(3,343)
Tax effect on unrealized losses arising during the period		—		702		702
Reclassification adjustment for gains included in net realized gains		—		(1,803)		(1,803)
Tax effect on reclassification adjustment for gains included in income tax expense		—		379		379
Other comprehensive loss, net of tax		(455)		(4,065)		(4,520)
Reclassification of certain tax effects from accumulated other comprehensive income at January 1, 2018		(569)		3,188		2,619
Cumulative effect of adoption of updated accounting guidance for equity financial instruments at January 1, 2018		—		(16,993)		(16,993)
Balance at December 31, 2018	$	(3,334)	$	(3,326)	$	(6,660)