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Other Comprehensive Income
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Other Comprehensive Income

 

Note 8. 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, 2020 and 2019 (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net unrealized gain on available-for-sale

   securities, net of income taxes (1)

 

$

632

 

 

$

312

 

 

$

45

 

 

$

822

 

Net unrealized loss on interest rate swaps, net

   of income taxes (2)

 

 

(1,007

)

 

 

(730

)

 

 

(1,660

)

 

 

(1,157

)

Foreign currency translation

 

 

(2

)

 

 

(4

)

 

 

(14

)

 

 

(6

)

Total other comprehensive loss

 

$

(377

)

 

$

(422

)

 

$

(1,629

)

 

$

(341

)

 

 

(1)

Net of income tax expense of $228 and $116 for the three months ended June 30, 2020 and 2019, respectively, and net of income tax expense of $19 and $304 for the six months ended June 30, 2020 and 2019, respectively.

 

(2)

Net of income tax benefit of $324 and $225 for the three months ended June 30, 2020 and 2019, respectively, and net of income tax benefit of $534 and $358 for the six months ended June 30, 2020 and 2019, respectively.