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Note 19 - Accumulated Other Comprehensive Income | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Comprehensive Income (Loss) Note [Text Block] | NOTE 19 ACCUMULATED OTHER COMPREHENSIVE INCOME The tables below detail the change in the balance of each component of accumulated other comprehensive (loss) income, net of tax, for the three months ended March 31, 2023 and March 31, 2022 as relates to shareholders' equity attributable to common shareholders on the consolidated balance sheets.
(in thousands) |  | Three months ended March 31, 2023 |
|  | Unrealized Gains |  |  | Foreign |  |  | Change in Fair Value |  |  | Total |
|  | (Losses) on |  |  | Currency |  |  | of Debt Attributable |  |  | Accumulated Other |
|  | Available-for-Sale |  |  | Translation |  |  | to Instrument-Specific |  |  | Comprehensive |
|  | Investments |  |  | Adjustments |  |  | Credit Risk |  |  | Income (Loss) |
Balance at December 31, 2022 |  | $ | (2,464 | ) |  | $ | (3,286 | ) |  | $ | 32,355 |  |  | $ | 26,605 |
Other comprehensive income (loss) arising during the period |  |  | 427 |  |  |  | — |  |  |  | (427 | ) |  |  | — |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | (22 | ) |  |  | — |  |  |  | (27,177 | ) |  |  | (27,199 | )
Net current-period other comprehensive income (loss) |  |  | 405 |  |  |  | — |  |  |  | (27,604 | ) |  |  | (27,199 | )
Balance at March 31, 2023 |  | $ | (2,059 | ) |  | $ | (3,286 | ) |  | $ | 4,751 |  |  | $ | (594 | )
(in thousands) |  | Three months ended March 31, 2022 |
|  | Unrealized Gains |  |  | Foreign |  |  | Change in Fair Value |  |  | Total |
|  | (Losses) on |  |  | Currency |  |  | of Debt Attributable |  |  | Accumulated Other |
|  | Available-for-Sale |  |  | Translation |  |  | to Instrument-Specific |  |  | Comprehensive |
|  | Investments |  |  | Adjustments |  |  | Credit Risk |  |  | Income |
Balance at December 31, 2021 |  | $ | (220 | ) |  | $ | (3,286 | ) |  | $ | 34,285 |  |  | $ | 30,779 |
Other comprehensive (loss) income arising during the period |  |  | (1,125 | ) |  |  | — |  |  |  | 959 |  |  |  | (166 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Net current-period other comprehensive (loss) income |  |  | (1,124 | ) |  |  | — |  |  |  | 959 |  |  |  | (165 | )
Balance at March 31, 2022 |  | $ | (1,344 | ) |  | $ | (3,286 | ) |  | $ | 35,244 |  |  | $ | 30,614 |
KINGSWAY FINANCIAL SERVICES INC. Notes to Consolidated Financial Statements (Unaudited) March 31, 2023
It should be noted that the unaudited consolidated statements of comprehensive income (loss) present the components of other comprehensive loss, net of tax, only for the three months ended March 31, 2023 and March 31, 2022 and inclusive of the components attributable to noncontrolling interests in consolidated subsidiaries. Components of accumulated other comprehensive (loss) income were reclassified to the following lines of the unaudited consolidated statements of operations for the three months ended March 31, 2023 and March 31, 2022:
(in thousands) |  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
Reclassification of accumulated other comprehensive income from unrealized gains (losses) on available-for-sale investments to: |  |  |  |  |  |  |  |
Net realized gains |  | $ | 22 |  |  | $ | (1 | )
Reclassification of accumulated other comprehensive income from change in fair value of debt attributable to instrument-specific credit risk to: |  |  |  |  |  |  |  |
Gain on extinguishment of debt |  |  | 27,177 |  |  |  | — |
Income (loss) from continuing operations before income tax expense (benefit) |  |  | 27,199 |  |  |  | — |
Income tax expense (benefit) |  |  | — |  |  |  | — |
Income (loss) from continuing operations, net of taxes |  |  | 27,199 |  |  |  | — |
Income from discontinued operations, net of taxes |  |  | — |  |  |  | — |
Net income (loss) |  | $ | 27,199 |  |  | $ | — |
As further discussed in Note 11, "Debt," during the first quarter of 2023, the Company completed the repurchases of five TruPs. The unaudited consolidated statements of comprehensive income (loss) for the three months ended March 31, 2023 includes a reclassification adjustment of $27.2 million from accumulated other comprehensive income to gain on extinguishment of debt related to the instrument-specific credit risk portion of the repurchased TruPs.

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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/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//220/tableOfContent + Details
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