RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
 12 Months Ended
Dec. 31, 2013
Reclassification From Accumulated Other Comprehensive Income Into Net Income  
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

16. RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

The following table summarizes the amounts reclassified out of accumulated other comprehensive income into net income:

 

                             
Accumulated Other Comprehensive Income
Components		   Statement of Income Location   Year Ended December 31,     December 8
through
December 31,
2011		  
    2013     2012    
Reclassification of net realized (gain) loss on securities into earnings   Gain on settlement of securities   $ (52,657 )    $ —       $ —    
Reclassification of net realized (gain) loss on securities into earnings   Other-than-temporary impairment on securities     4,993       —         —    
                             
Total reclassifications       $ (47,664 )    $ —       $ —    
                             

New Residential did not allocate any income tax expense or benefit to any component of other comprehensive income for any period presented as no taxable subsidiary generated other comprehensive income.