| 22) |
Reclassifications from accumulated other comprehensive income |
The following tables summarize the changes in accumulated other comprehensive income from unrealized gains and losses on available-for-sale securities:
Changes in Accumulated Other Comprehensive Income Unrealized
Gains and Losses on Available-for-Sale Securities For the
Twelve Months Ended December 31, 2015
(net of tax)
| |
|
2015 |
|
| Balance at January 1, 2015 |
|
$ |
4,259 |
|
| Other comprehensive loss before reclassifications |
|
|
(2,134 |
) |
| Amounts reclassified from accumulated other comprehensive income |
|
|
(70 |
) |
| Net current-period other comprehensive loss - twelve months ended December 31, 2015 |
|
|
(2,204 |
) |
| Balance at December 31, 2015 |
|
$ |
2,055 |
|
| |
|
2014 |
|
| Balance at January 1, 2014 |
|
$ |
7,436 |
|
| Other comprehensive loss before reclassifications |
|
|
(507 |
) |
| Amounts reclassified from accumulated other comprehensive income |
|
|
(2,670 |
) |
| Net current-period other comprehensive loss - twelve months ended December 31, 2014 |
|
|
(3,177 |
) |
| Balance at December 31, 2014 |
|
$ |
4,259 |
|
The following table summarizes amounts reclassified from accumulated other comprehensive income in the years ended December 31, 2015 and 2014:
| Reclassifications from Accumulated Other Comprehensive Income |
| |
|
2015 |
|
Affected Line Item in Statement of Operations |
| Unrealized gains on available-for-sale securities |
|
$ |
107 |
|
Gain on marketable securities |
| Total before tax |
|
|
107 |
|
|
| Tax expense |
|
|
(37 |
) |
|
| Total reclassifications |
|
$ |
70 |
|
|
| |
|
2014 |
|
|
| Unrealized gains on available-for-sale securities |
|
$ |
4,335 |
|
Gain on marketable securities |
| Total before tax |
|
|
4,335 |
|
|
| Tax expense |
|
|
(1,665 |
) |
|
| Total reclassifications |
|
$ |
2,670 |
|
|
|