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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Schedule of the changes in components of accumulated other comprehensive income (loss) balances
The following tables present the changes in the components of AOCI balances for the three and six months ended June 30, 2016 and 2015:
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended June 30,
 
2016
 
2015
 
Available-
for-Sale Investment
Securities
 
Foreign Currency Translation Adjustments (1)
 
Total
 
Available-
for-Sale Investment
Securities
 
Total
Beginning balance
 
$
6,772

 
$
(8,830
)
 
$
(2,058
)
 
$
13,555

 
$
13,555

Net unrealized gains (losses) arising during the period
 
6,628

 
(4,638
)
 
1,990

 
(4,904
)
 
(4,904
)
Amounts reclassified from AOCI
 
(1,644
)
 
—

 
(1,644
)
 
(3,221
)
 
(3,221
)
Changes, net of taxes
 
4,984

 
(4,638
)
 
346

 
(8,125
)
 
(8,125
)
Ending balance
 
$
11,756

 
$
(13,468
)
 
$
(1,712
)
 
$
5,430

 
$
5,430

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Six Months Ended June 30,
 
2016
 
2015
 
Available-
for-Sale Investment
Securities
 
Foreign Currency Translation Adjustments (1)
 
Total
 
Available-
for-Sale Investment
Securities
 
Total
Beginning balance
 
$
(6,144
)
 
$
(8,797
)
 
$
(14,941
)
 
$
4,237

 
$
4,237

Net unrealized gains (losses) arising during the period
 
21,770

 
(4,671
)
 
17,099

 
6,969

 
6,969

Amounts reclassified from AOCI
 
(3,870
)
 
—

 
(3,870
)
 
(5,776
)
 
(5,776
)
Changes, net of taxes
 
17,900

 
(4,671
)
 
13,229

 
1,193

 
1,193

Ending balance
 
$
11,756

 
$
(13,468
)
 
$
(1,712
)
 
$
5,430

 
$
5,430

 
 
 
 
 
 
 
 
 
 
 
(1)
Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. In the third quarter of 2015, there was a change in functional currency from USD to the local currency of the Company’s foreign subsidiary.
Schedule of components of other comprehensive income (loss), reclassifications to net income by income statement line item and the related tax effects
The following table presents the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and six months ended June 30, 2016 and 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended June 30,
 
2016
 
2015
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
Available-for-sale investment securities:
 
 

 
 

 
 

 
 

 
 

 
 

Net unrealized gains (losses) arising during the period
 
$
11,435

 
$
(4,807
)
 
$
6,628

 
$
(8,455
)
 
$
3,551

 
$
(4,904
)
Net realized gains reclassified into net income (1)
 
(2,836
)
 
1,192

 
(1,644
)
 
(5,554
)
 
2,333

 
(3,221
)
Net change
 
8,599

 
(3,615
)
 
4,984

 
(14,009
)
 
5,884

 
(8,125
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses arising during period
 
(4,638
)
 
—

 
(4,638
)
 
—

 
—

 
—

Net change
 
(4,638
)
 
—

 
(4,638
)
 
—

 
—

 
—

Other comprehensive income (loss)
 
$
3,961

 
$
(3,615
)
 
$
346

 
$
(14,009
)
 
$
5,884

 
$
(8,125
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Six Months Ended June 30,
 
2016
 
2015
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
Available-for-sale investment securities:
 
 

 
 

 
 

 
 

 
 

 
 

Net unrealized gains arising during the period
 
$
37,565

 
$
(15,795
)
 
$
21,770

 
$
12,014

 
$
(5,045
)
 
$
6,969

Net realized gains reclassified into net income (1)
 
(6,678
)
 
2,808

 
(3,870
)
 
(9,958
)
 
4,182

 
(5,776
)
Net change
 
30,887

 
(12,987
)
 
17,900

 
2,056

 
(863
)
 
1,193

 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses arising during period
 
(4,671
)
 
—

 
(4,671
)
 
—

 
—

 
—

Net change
 
(4,671
)
 
—

 
(4,671
)
 
—

 
—

 
—

Other comprehensive income
 
$
26,216

 
$
(12,987
)
 
$
13,229

 
$
2,056

 
$
(863
)
 
$
1,193

 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
For the three and six months ended June 30, 2016 and 2015, the pretax amount was reported in Net gains on sales of available-for-sale investment securities on the Consolidated Statements of Income.