Comprehensive Income and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Changes in Accumulated Other Comprehensive Income (AOCI)

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 September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(in thousands)
Beginning balance	$	2,052		$	1,961		$	2,810		$	(4,295	)

Other comprehensive income/(loss) before reclassification		1,400			121			(188	)		6,192
Amounts reclassified from accumulated other comprehensive income		(92	)		(4	)		738			181

Net current period other comprehensive income/(loss)		1,308			117			550			6,373

Ending balance	$	3,360		$	2,078		$	3,360		$	2,078

Reclassification Out of Accumulated Other Comprehensive 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 September 30,						Nine Months Ended September 30,						Affected line item in the statement of income
	2015			2014			2015			2014
	(in thousands)
Unrealized gains/(losses) on available-for-sale securities	$	142		$	1		$	464		$	(270	)	Net realized gains/(losses) on investments

Other-than-temporary impairment		—			5			(1,600	)		(8	)	Net realized gains/(losses) on investments


		142			6			(1,136	)		(278	)	Income before income taxes

		(50	)		(2	)		398			97		Income tax expense


	$	92		$	4		$	(738	)	$	(181	)	Net income