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Comprehensive Income and Accumulated Other Comprehensive Income | 6 Months Ended
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Jun. 30, 2014
Equity [Abstract] |
Comprehensive Income and Accumulated Other Comprehensive Income | Note 6. Comprehensive Income and Accumulated Other Comprehensive Income Comprehensive income was $15.8 million for the three months ended June 30, 2014, compared to $3.6 million for the three months ended June 30, 2013. The difference between net income as reported and comprehensive income was due to changes in unrealized gains and losses, net of tax on available-for-sale securities. Comprehensive income includes net income plus unrealized gains/losses on our available-for-sale investment securities, net of tax. In reporting comprehensive income on a net basis in the statement of income, we used a 35 percent tax rate. The following table illustrates the changes in the balance of each component of accumulated other comprehensive income for each period presented in the interim financial statements.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
|  | (in thousands) |
Beginning balance |  | $ | (1,055 | ) |  | $ | 2,434 |  |  | $ | (4,295 | ) |  | $ | 2,979 |
Other comprehensive income/(loss) before reclassification |  |  | 3,143 |  |  |  | (4,442 | ) |  |  | 6,120 |  |  |  | (4,857 | )
Amounts reclassified from accumulated other comprehensive income |  |  | (127 | ) |  |  | 382 |  |  |  | 136 |  |  |  | 252 |
Net current period other comprehensive income/(loss) |  |  | 3,016 |  |  |  | (4,060 | ) |  |  | 6,256 |  |  |  | (4,605 | )
Ending balance |  | $ | 1,961 |  |  | $ | (1,626 | ) |  | $ | 1,961 |  |  | $ | (1,626 | )
The sale or other-than-temporary impairment of an available-for-sale security results in amounts being reclassified from accumulated other comprehensive income to current period net income. The effects of reclassifications out of accumulated other comprehensive income by the respective line items of net income are presented in the following table.
Component of Accumulated Other Comprehensive Income |  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |  |  | Affected line item in the statement of income
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |  |  |
|  | (in thousands) |  |  |
Unrealized gains/(losses) on available-for-sale securities |  | $ | 195 |  |  | $ | 209 |  |  | $ | (209 | ) |  | $ | 92 |  |  | Net realized gains on investments
Other-than-temporary impairment |  |  | — |  |  |  | (797 | ) |  |  | — |  |  |  | (479 | ) |  | Net realized gains on investments
|  |  | 195 |  |  |  | (588 | ) |  |  | (209 | ) |  |  | (387 | ) |  | Income before income taxes
|  |  | (68 | ) |  |  | 206 |  |  |  | 73 |  |  |  | 135 |  |  | Income tax expense
|  | $ | 127 |  |  | $ | (382 | ) |  | $ | (136 | ) |  | $ | (252 | ) |  | Net income

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Reclassification Adjustments -URI http://asc.fasb.org/extlink&oid=6522872 + Details
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