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Consolidated Statements Of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Statement Of Income And Comprehensive Income [Abstract] |  |  |  |  |
Net income |  | $ 110,122 | $ 103,858 | $ 319,318 | $ 279,906
Other comprehensive income/(loss), net of tax: |  |  |  |  |
Changes in unrealized gains/(losses) on available-for-sale securities | [1],[2],[3],[4] | 16,344 | (3,138) | 58,428 | (28,065)
Changes in unrealized gains/(losses) on cash flow hedging instruments | [2],[4],[5] | (477) | (1,523) | (4,260) | 1,895
Foreign currency translation adjustment | [2],[4] | (4,106) | (1,336) | (5,239) | (3,434)
Total other comprehensive income/(loss), net of tax |  | 11,761 | (5,997) | 48,929 | (29,604)
Comprehensive income |  | 121,883 | 97,861 | 368,247 | 250,302
Net income applicable to non-controlling interests |  | 708 |  | 1,612 |
Comprehensive income applicable to Stifel Financial Corp. |  | $ 121,175 | $ 97,861 | $ 366,635 | $ 250,302
[1] | As part of the adoption of ASU 2019-04, in the third quarter of 2019, the Company made a one-time election to transfer a portion of its held-to-maturity securities to available-for-sale. The transfer resulted in a net of tax increase to accumulated other comprehensive income of $17.9 million. See Notes 2 and 6 for additional information on the transfer.
[2] | Net of tax expense of $4.4 million and tax benefit of $2.1 million for the three months ended September 30, 2019 and 2018, respectively. Net of tax expense of $18.1 million and tax benefit of $10.4 million for the nine months ended September 30, 2019 and 2018, respectively.
[3] | Reclassifications to earnings during the three months ended September 30, 2019 were immaterial. Net of reclassifications to earnings of realized losses of $0.2 million for the nine months ended September 30, 2019. There were no reclassifications to earnings during the three and nine months ended September 30, 2018.
[4] | The adoption of ASU 2018-02 on January 1, 2018 resulted in a reclassification of $3.0 million to retained earnings related to cash flow hedges and investment portfolio risk.
[5] | Amounts are net of reclassifications to earnings of gains of $0.6 million and $1.5 million for the three months ended September 30, 2019 and 2018, respectively. Amounts are net of reclassifications to earnings of gains of $2.9 million and $3.3 million for the nine months ended September 30, 2019 and 2018, respectively.

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