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Changes in Accumulated Other Comprehensive Income by Component (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income
The following table provides a summary of the changes in accumulated other comprehensive income for the six months ended June 30, 2018 and 2017:
 
Unrealized Gains and Losses on Available-for-Sale Securities(1)
 
Six Months Ended June 30,
 
2018
 
2017
 
(in thousands)
Accumulated other comprehensive income (loss) — beginning balance
$
837

 
$
(319
)
Other comprehensive (loss) income before reclassifications
(1,167
)
 
963

Losses reclassified from other comprehensive income(2)
126

 
118

Net current period other comprehensive (loss) income(3)
(1,041
)
 
1,081

Accumulated other comprehensive (loss) income — ending balance
$
(204
)
 
$
762


(1) 
All amounts are net of tax.
(2) 
Realized losses were recorded pre-tax under “Other income, net - Investment and interest” in our Consolidated Statements of Comprehensive Income. For the six months ended June 30, 2018 and 2017, the Company recorded $0.2 million of realized losses from the sale of available-for-sale securities. Refer to Note 8—Fair Value Measurements herein for further information.
(3) 
For the six months ended June 30, 2018 and 2017, the changes in other comprehensive income were net of a tax benefit of $0.3 million and an expense of $0.6 million, respectively.
Reclassification out of Accumulated Other Comprehensive Income
 
Amounts Reclassified from Accumulated Other Comprehensive Income
 
2018
 
2017
 
(in thousands)
Three Months Ended June 30,
 
 
 
Losses from the sale of available-for-sale securities
$
(67
)
 
$
(125
)
Tax benefit
11

 
40

Net loss reclassified from accumulated other comprehensive income
$
(56
)
 
$
(85
)
Six Months Ended June 30,
 
 
 
Losses from the sale of available-for-sale securities
$
(156
)
 
$
(173
)
Tax benefit
30

 
55

Net loss reclassified from accumulated other comprehensive income
$
(126
)
 
$
(118
)