8.	COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) was comprised of net income (loss) plus or minus market value adjustments related to marketable securities. The following table summarizes the changes in accumulated balances of other comprehensive income for the years ended

December

31,

2016

and

2015:

	Unrealized gains and losses on available-for-sale securities
	(in thousands)

Balance at January 1, 2015, net of tax of $3,918	$	6,402

Other comprehensive income before reclassifications, net of tax of $(588)		(962	)
Amounts reclassified from accumulated other comprehensive income, net of tax of $(80)		(130	)
Net other comprehensive income (loss)		(1,092	)

Balance at December 31, 2015, net of tax of $3,250		5,310

Other comprehensive income before reclassifications, net of tax of $1,390		2,269
Amounts reclassified from accumulated other comprehensive income, net of tax of $(64)		(103	)
Net other comprehensive income (loss)		2,166

Balance at December 31, 2016, net of tax of $4,576	$	7,476

The following table provides details about reclassifications out of accumulated other comprehensive income for the years ended

December

31,

2016

and

2015:

Details about Accumulated Other	Amounts Reclassified from Accumulated Other Comprehensive Income (a)						Statement of Operations
Comprehensive Income Component	2016			2015			Classification
	(in thousands)
Unrealized gains and losses on available-for-sale securities:
Unrealized gains and losses on securities sold	$	876		$	1,043		Non-operating income
Impairment expense		(709	)		(833	)	Non-operating income
Total before tax		167			210		Income before income taxes
Tax expense		(64	)		(80	)	Income tax expense
Total after tax	$	103		$	130		Net income

(a) Amounts in parentheses indicate debits to profit/loss