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Changes in Accumulated Other Comprehensive Income by Component (Tables)
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income The following tables provide a summary of the changes in accumulated other comprehensive income, net of taxes:
Unrealized Gains and (Losses) on Available-for-Sale Securities1
Year Ended December 31,
202120202019
(in thousands)
Accumulated other comprehensive income — beginning balance$5,563 $2,919 $158 
Other comprehensive (loss) income before reclassifications(1,522)2,557 2,848 
(Gains) losses reclassified from other comprehensive income2
(41)87 (87)
Net current period other comprehensive (loss) income3
(1,563)2,644 2,761 
Accumulated other comprehensive income — ending balance$4,000 $5,563 $2,919 
1.All amounts are net of tax.
2.Realized gains and losses were recorded pre-tax under “Investment and other income” in the Consolidated Statements of Comprehensive Income. For both years ended December 31, 2021 and 2019, the Company recorded $0.1 million of realized gains from the sale of available-for-sale securities. For the year ended December 31, 2020, the Company recorded $0.1 million of realized losses from the sale of available-for-sale securities. Refer to Note 6 — Fair Value Measurements herein for further information.
3.For the year ended December 31, 2021, the changes in other comprehensive income were net of a tax benefit of $0.4 million. For the years ended December 31, 2020 and 2019, the changes in other comprehensive income were both net of a tax expense of $0.7 million.
Schedule of Reclassification out of Accumulated Other Comprehensive Income
Amounts Reclassified from Accumulated Other Comprehensive Income
202120202019
(in thousands)
Year Ended December 31,
Gains (losses) from the sale of available-for-sale securities$55 $(114)$111 
Tax (expense) benefit(14)27 (24)
Net gain (loss) reclassified from accumulated other comprehensive income$41 $(87)$87