Changes in Accumulated Other Comprehensive Income Balances

3 Months Ended

Mar. 31, 2019

18. Changes in Accumulated Other Comprehensive Income Balances

The changes in accumulated other comprehensive income balances as of March 31, 2019 and 2018 were as follows (in thousands):


					Accumulated Other
	Pension		Unrealized		Comprehensive
	Liability		Gains (Loss)		Income (Loss)
Balance at December 31, 2017	$	(2,310)	$	14,544	$	12,234
Other comprehensive income:
Change in net actuarial gain		27		—		27
Tax effect on change in net actuarial gain		(6)		—		(6)
Unrealized holding losses arising during the period		—		(395)		(395)
Tax effect on unrealized losses arising during the period		—		83		83
Reclassification adjustment for realized losses included in investment gains and losses		—		15		15
Tax effect on reclassification adjustment for losses included in income tax expense		—		(3)		(3)
Other comprehensive loss, net of tax		21		(300)		(279)
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 March 31, 2018	$	(2,858)	$	439	$	(2,419)

Balance at December 31, 2018	$	(3,334)	$	(3,326)	$	(6,660)
Other comprehensive income:
Change in net actuarial gain		35		—		35
Tax effect on change in net actuarial gain		(7)		—		(7)
Unrealized holding gains arising during the period		—		7,773		7,773
Tax effect on unrealized gains arising during the period		—		(1,632)		(1,632)
Reclassification adjustment for gains included in net realized gains		—		(4,141)		(4,141)
Tax effect on reclassification adjustment for gains included in income tax expense		—		870		870
Other comprehensive income, net of tax		28		2,870		2,898
Balance at March 31, 2019	$	(3,306)	$	(456)	$	(3,762)