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Comprehensive Income | 3 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
Comprehensive Income | Comprehensive Income Comprehensive income reflects the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. For the Company, comprehensive income represents net income adjusted for unrealized gains and losses on certain debt investments and foreign currency translation adjustments. The following table presents the net changes in the Company's accumulated other comprehensive income by component (all amounts shown are net of tax):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2021 | 2020
Foreign currency translation adjustments: |  |  |  |  |  |  |
Balance at beginning of period |  |  |  |  |  | $ | 769,045 |  | $ | (2,384,589) |
Other Comprehensive income (loss) before reclassifications |  |  |  |  |  | (852,412) |  | (692,090) |
Net current-period change |  |  |  |  |  | (852,412) |  | (692,090) |
Balance at end of period |  |  |  |  |  | (83,367) |  | (3,076,679) |
Unrealized gains on available-for-sale debt securities: |  |  |  |  |  |  |
Balance at beginning of period |  |  |  |  |  | 6,082,007 |  | 1,095,486 |
Other Comprehensive income before reclassifications |  |  |  |  |  | (3,692,619) |  | 2,225,196 |
Amounts reclassified from accumulated other comprehensive income |  |  |  |  |  | (351,354) |  | (29,209) |
Net current-period change |  |  |  |  |  | (4,043,973) |  | 2,195,987 |
Balance at end of period |  |  |  |  |  | 2,038,034 |  | 3,291,473 |
Accumulated other comprehensive income (loss), end of period |  |  |  |  |  | $ | 1,954,667 |  | $ | 214,794 |
The following table presents details of reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2021 and 2020.
Details about Accumulated Other Comprehensive Income Components |  |  |  |  |  | Amounts Reclassified from Other Comprehensive Income |  | Affected Line item in the Statement of Consolidated Income
|  |  |  | Three Months Ended March 31, |  |
|  |  |  |  |  | 2021 |  | 2020 |  |
Unrealized gains on available-for-sale debt securities |  |  |  |  |  |  |  |  |  |
Realized gain on sale of securities |  |  |  |  |  | $ | 444,752 |  |  | $ | 36,974 |  |  | Investment income
Provision for income taxes |  |  |  |  |  | (93,398) |  |  | (7,765) |  |  | Provision for income taxes
Total net reclassifications for the period |  |  |  |  |  | $ | 351,354 |  |  | $ | 29,209 |  |  | Net of tax

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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