| Comprehensive Income |
Components of other comprehensive income (loss) for 2016, 2015 and 2014 and the related tax effect are detailed below.
| | | | | | | | | | | | Amounts Before Taxes | | Tax (Expense)Benefit | | Amounts Net of Taxes | | (In thousands) | | | | | | | 2016: | | | | | | Unrealized gains on securities, net of effects of deferred costs of $11,367: | | | | | | Net unrealized holding gains (losses) arising during the period | $ | 19,417 |
| | (6,796 | ) | | 12,621 |
| Unrealized liquidity losses | 57 |
| | (20 | ) | | 37 |
| Reclassification adjustment for net gains included in net earnings | (3,315 | ) | | 1,160 |
| | (2,155 | ) | Amortization of net unrealized gains (losses) and related to transferred securities | — |
| | — |
| | — |
| | | | | | | Net unrealized gains (losses) on securities | 16,159 |
| | (5,656 | ) | | 10,503 |
| | | | | | | Foreign currency translation adjustments | (251 | ) | | 87 |
| | (164 | ) | Benefit plan liability adjustment | (178 | ) | | 62 |
| | (116 | ) | | | | | | | Other comprehensive income (loss) | $ | 15,730 |
| | (5,507 | ) | | 10,223 |
|
| | | | | | | | | | | | Amounts Before Taxes | | Tax (Expense)Benefit | | Amounts Net of Taxes | | (In thousands) | | | | | | | 2015: | | | | | | Unrealized gains on securities, net of effects of deferred costs of $50,052: | | | | | | Net unrealized holding gains (losses) arising during the period | $ | (61,226 | ) | | 21,429 |
| | (39,797 | ) | Unrealized liquidity losses | 1,572 |
| | (550 | ) | | 1,022 |
| Reclassification adjustment for net gains included in net earnings | (3,207 | ) | | 1,122 |
| | (2,085 | ) | Amortization of net unrealized gains (losses) related to transferred securities | — |
| | — |
| | — |
| | | | | | | Net unrealized gains (losses) on securities | (62,861 | ) | | 22,001 |
| | (40,860 | ) | | | | | | | Foreign currency translation adjustments | 215 |
| | (75 | ) | | 140 |
| Benefit plan liability adjustment | (1,134 | ) | | 397 |
| | (737 | ) | | | | | | | Other comprehensive income (loss) | $ | (63,780 | ) | | 22,323 |
| | (41,457 | ) |
| | | | | | | | | | | | Amounts Before Taxes | | Tax (Expense)Benefit | | Amounts Net of Taxes | | (In thousands) | | | | | | | 2014: | | | | | | Unrealized gains on securities, net of effects of deferred costs of $(10,927): | | | | | | Net unrealized holding gains (losses) arising during the period | $ | 19,287 |
| | (6,751 | ) | | 12,536 |
| Unrealized liquidity losses | 40 |
| | (14 | ) | | 26 |
| Reclassification adjustment for net gains included in net earnings | (7,693 | ) | | 2,693 |
| | (5,000 | ) | Amortization of net unrealized gains (losses) related to transferred securities | — |
| | — |
| | — |
| | | | | | | Net unrealized gains (losses) on securities | 11,634 |
| | (4,072 | ) | | 7,562 |
| | | | | | | Foreign currency translation adjustments | (913 | ) | | 357 |
| | (556 | ) | Benefit plan liability adjustment | (5,077 | ) | | 1,777 |
| | (3,300 | ) | | | | | | | Other comprehensive income (loss) | $ | 5,644 |
| | (1,938 | ) | | 3,706 |
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