Quarterly report pursuant to Section 13 or 15(d)

RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME

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RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
RECLASSIFICATION FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET INCOME
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:
 
 
 
 
Three Months Ended 
 June 30,
 
Six Months Ended  
 June 30,
Accumulated Other Comprehensive Income Components
 
Statement of Income Location
 
2018
 
2017
 
2018
 
2017
Reclassification of net realized (gain) loss on securities into earnings
 
Gain (loss) on settlement of investments, net
 
$
8,731

 
$
(21,257
)
 
$
37,958

 
$
(22,250
)
Reclassification of net realized (gain) loss on securities into earnings
 
Other-than-temporary impairment on securities
 
12,631

 
5,115

 
19,301

 
7,227

Total reclassifications
 
 
 
$
21,362

 
$
(16,142
)
 
$
57,259

 
$
(15,023
)


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.