The following tables present the change in accumulated other comprehensive income (loss) (“AOCI”) by component:

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments ¹			Foreign currency adjustment			Total
Three Months Ended September 30, 2018
Balance at June 30, 2018	$	2,089		$	(231	)	$	1,858
Reclassification pursuant to adoption of ASU 2016-01, net of tax of $1,049		(2,089	)		-			(2,089	)
Balance at July 1, 2018		-			(231	)		(231	)
Other comprehensive income before reclassifications		-			19			19
Tax effect		-			-			-
Amount reclassified from AOCI		-			-			-
Tax effect		-			-			-
Net other comprehensive income for three months ended September 30, 2018		-			19			19
Balance at September 30, 2018	$	-		$	(212	)	$	(212	)

(dollars in thousands)	Unrealized gains (losses) on available-for-sale investments ²			Foreign currency adjustment			Total
Three Months Ended September 30, 2017
Balance at June 30, 2017	$	461		$	(197	)	$	264
Other comprehensive income before reclassifications		9,140			36			9,176
Tax effect		-			-			-
Amount reclassified from AOCI		(7	)		-			(7	)
Tax effect		-			-			-
Net other comprehensive income for three months ended September 30, 2017		9,133			36			9,169
Balance at September 30, 2017	$	9,594		$	(161	)	$	9,433

1.	Effective July 1, 2018, upon the adoption of ASU 2016-01, the Company no longer has an available-for-sale category for equity securities for which changes in fair value are recognized in other comprehensive income (loss). See Note 1.

2.	Prior to the adoption of ASU 2016-01, amounts reclassified from unrealized gains (losses) on available-for-sale investments, net of tax, were recorded in investment income (loss) on the Consolidated Statements of Operations.