other-than-temporary impairments on investment securities . in april 2009 , the fasb revised the authoritative guidance for the recognition and presentation of other-than-temporary impairments . this new guidance amends the recognition guidance for other-than-temporary impairments of debt securities and expands the financial statement disclosures for other-than-temporary impairments on debt and equity securities . for available for sale debt securities that the company has no intent to sell and more likely than not will not be required to sell prior to recovery , only the credit loss component of the impairment would be recognized in earnings , while the rest of the fair value loss would be recognized in accumulated other comprehensive income ( loss ) . the company adopted this guidance effective april 1 , 2009 . upon adoption the company recognized a cumulative-effect adjustment increase in retained earnings ( deficit ) and decrease in accumulated other comprehensive income ( loss ) as follows : ( dollars in thousands ) .
what is the tax rate on the cumulative-effect adjustment?
measurement of fair value in inactive markets . in april 2009 , the fasb revised the authoritative guidance for fair value measurements and disclosures , which reaffirms that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions . it also reaffirms the need to use judgment in determining if a formerly active market has become inactive and in determining fair values when the market has become inactive . there was no impact to the company 2019s financial statements upon adoption . fair value disclosures about pension plan assets . in december 2008 , the fasb revised the authoritative guidance for employers 2019 disclosures about pension plan assets . this new guidance requires additional disclosures about the components of plan assets , investment strategies for plan assets and significant concentrations of risk within plan assets . the company , in conjunction with fair value measurement of plan assets , separated plan assets into the three fair value hierarchy levels and provided a roll forward of the changes in fair value of plan assets classified as level 3 in the 2009 annual consolidated financial statements . these disclosures had no effect on the company 2019s accounting for plan benefits and obligations . revisions to earnings per share calculation . in june 2008 , the fasb revised the authoritative guidance for earnings per share for determining whether instruments granted in share-based payment transactions are participating securities . this new guidance requires unvested share-based payment awards that contain non- forfeitable rights to dividends be considered as a separate class of common stock and included in the earnings per share calculation using the two-class method . the company 2019s restricted share awards meet this definition and are therefore included in the basic earnings per share calculation . additional disclosures for derivative instruments . in march 2008 , the fasb issued authoritative guidance for derivative instruments and hedging activities , which requires enhanced disclosures on derivative instruments and hedged items . on january 1 , 2009 , the company adopted the additional disclosure for the equity index put options . no comparative information for periods prior to the effective date was required . this guidance had no impact on how the company records its derivatives. .