| Changes in Accumulated Other Comprehensive Income Balances |
17. Changes in Accumulated Other Comprehensive Income Balances:
The changes in accumulated other comprehensive income balances as of December 31, 2015, 2014, and 2013 were as follows (in thousands):
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Pension Liability
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Unrealized Gains (Loss)
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Accumulated Other Comprehensive Income (Loss)
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Balance at January 1, 2013
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$
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(2,954)
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$
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10,853
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$
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7,899
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Other comprehensive income:
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Change in net actuarial gain
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2,268
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-
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2,268
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Tax effect on change in net actuarial gain
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(794)
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-
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(794)
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Unrealized holding gains arising during the period
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-
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22,094
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22,094
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Tax effect on unrealized gains arising during the period
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-
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(7,733)
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(7,733)
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Reclassification adjustment for gains included in net realized gains
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-
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(10,540)
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(10,540)
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Tax effect on reclassification adjustment for gains included in income tax expense
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-
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3,689
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3,689
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Other comprehensive income, net of tax
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1,474
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7,510
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8,984
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Balance at December 31, 2013
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$
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(1,480)
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$
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18,363
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$
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16,883
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Other comprehensive income:
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Change in net actuarial loss
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(1,723)
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-
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(1,723)
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Tax effect on change in net actuarial loss
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603
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-
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603
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Unrealized holding gains arising during the period
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-
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3,543
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3,543
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Tax effect on unrealized gains arising during the period
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-
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(1,240)
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(1,240)
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Reclassification adjustment for gains included in net realized gains
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-
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(408)
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(408)
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Tax effect on reclassification adjustment for gains included in income tax expense
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-
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143
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143
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Other comprehensive income, net of tax
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(1,120)
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2,038
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918
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Balance at December 31, 2014
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$
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(2,600)
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$
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20,401
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$
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17,801
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Other comprehensive loss:
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Change in net actuarial gain
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43
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-
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43
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Tax effect on change in net actuarial gain
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(15)
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-
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(15)
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Unrealized holding losses arising during the period
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-
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(10,191)
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(10,191)
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Tax effect on unrealized losses arising during the period
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-
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3,567
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3,567
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Reclassification adjustment for gains included in net realized gains
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-
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(5,826)
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(5,826)
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Tax effect on reclassification adjustment for gains included in income tax expense
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-
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2,039
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2,039
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Other comprehensive loss, net of tax
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28
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(10,411)
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(10,383)
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Balance at December 31, 2015
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$
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(2,572)
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$
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9,990
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$
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7,418
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