10.	COMPREHENSIVE INCOME (LOSS)

Prior to the Company’s

January 1, 2018

adoption of ASU

2016

01,

unrealized gains and losses in fair market value were presented as a component of Accumulated Other Comprehensive Income in stockholders’ equity, and only realized gains and losses and declines in value judged to be other-than-temporary on available-for-sale securities, were included in the determination of net income.

In accordance with the adoption of ASU

2016

January 1, 2018,

unrealized market gains and losses on equity securities are categorized in our consolidated statements of operations as non-operating income (expense) for the current period. The accumulated balance of unrealized gains and losses recorded in Other Comprehensive Income at

December 31, 2017

was re-categorized to retained earnings in conjunction with our adoption of the new standard.

The following table summarizes the changes in accumulated balances of other comprehensive income for the years ended

December 31, 2018

and

2017:

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

Balance at January 1, 2017, net of tax of $4,576	$	7,476

Other comprehensive income before reclassifications, net of tax of $(687)		2,001
Amounts reclassified from accumulated other comprehensive income, net of tax of $(1,310)		(2,033	)
Net other comprehensive income (loss)		(32	)

Balance at December 31, 2017, net of tax of $2,579		7,444

Cumulative effect adjustment – ASU 2016-01		(7,444	)

Net other comprehensive income (loss)		(7,444	)

Balance at December 31, 2018	$	-

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

December 31, 2018

and

2017:

Details about Accumulated Other	Amounts Reclassified from Accumulated Other Comprehensive Income					Statement of Operations
Comprehensive Income Component	2018		2017			Classification
	(in thousands)
Unrealized gains and losses on available-for-sale securities:
Unrealized gains and losses on securities sold	$	-	$	3,385		Non-operating income
Impairment expense		-		(42	)	Non-operating income
Total before tax		-		3,343		Income before income taxes
Tax expense		-		(1,310	)	Income tax expense
Total after tax	$	-	$	2,033		Net income