Other Comprehensive Income

6 Months Ended

Jun. 30, 2019

Note 11. Other Comprehensive Income

The following table is a summary of other comprehensive income and discloses the tax impact of each component of other comprehensive income for the three and six months ended June 30, 2019 and 2018 (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
Net unrealized gain (loss) on available-for-sale securities, net of income taxes (1)	$	312		$	4		$	822		$	(326	)
Net unrealized (loss) gain on interest rate swaps, net of income taxes (2)		(730	)		176			(1,157	)		626
Foreign currency translation		(4	)		(6	)		(6	)		(12	)
Total other comprehensive income	$	(422	)	$	174		$	(341	)	$	288

(1)

Net of income tax expense of $116 and $1 for the three months ended June 30, 2019 and 2018, respectively, and net of income tax expense (benefit) of $304 and ($121) for the six months ended June 30, 2019 and 2018, respectively.

(2)

Net of income tax (benefit) expense of ($225) and $54 for the three months ended June 30, 2019 and 2018, respectively, and net of income tax (benefit) expense of ($358) and $193 for the six months ended June 30, 2019 and 2018, respectively.

Accumulated other comprehensive loss, net of tax, was approximately $0.7 million and $0.5 million for the period ending June 30, 2019 and December 31, 2018, respectively. Accumulated other comprehensive loss consisted of adjustments, net of tax, for unrealized gains and losses on available-for-sale securities and interest rate swaps, and foreign currency translation.