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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2016 and 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended September 30,
 
2016
 
2015
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
Beginning balance
 
$
11,756

 
$
(13,468
)
 
$
(1,712
)
 
$
5,430

 
$
—

 
$
5,430

Net unrealized (losses) gains arising during the period
 
(3,869
)
 
(555
)
 
(4,424
)
 
13,127

 
(6,846
)
 
6,281

Amounts reclassified from AOCI
 
(1,038
)
 
—

 
(1,038
)
 
(9,881
)
 
—

 
(9,881
)
Changes, net of taxes
 
(4,907
)
 
(555
)
 
(5,462
)
 
3,246

 
(6,846
)
 
(3,600
)
Ending balance
 
$
6,849

 
$
(14,023
)
 
$
(7,174
)
 
$
8,676

 
$
(6,846
)
 
$
1,830

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

 
$
—

 
$
4,237

Net unrealized gains (losses) arising during the period
 
17,901

 
(5,226
)
 
12,675

 
20,096

 
(6,846
)
 
13,250

Amounts reclassified from AOCI
 
(4,908
)
 
—

 
(4,908
)
 
(15,657
)
 
—

 
(15,657
)
Changes, net of taxes
 
12,993

 
(5,226
)
 
7,767

 
4,439

 
(6,846
)
 
(2,407
)
Ending balance
 
$
6,849

 
$
(14,023
)
 
$
(7,174
)
 
$
8,676

 
$
(6,846
)
 
$
1,830

 
 
 
 
 
 
 
 
 
 
 
 
 
(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 and the related tax effects
The following tables present the components of other comprehensive income (loss), reclassifications to net income and the related tax effects for the three and nine months ended September 30, 2016 and 2015:
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended September 30,
 
2016
 
2015
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
Available-for-sale investment securities:
 
 

 
 

 
 

 
 

 
 

 
 

Net unrealized (losses) gains arising during the period
 
$
(6,677
)
 
$
2,808

 
$
(3,869
)
 
$
22,634

 
$
(9,507
)
 
$
13,127

Net realized gains reclassified into net income (1)
 
(1,790
)
 
752

 
(1,038
)
 
(17,036
)
 
7,155

 
(9,881
)
Net change
 
(8,467
)
 
3,560

 
(4,907
)
 
5,598

 
(2,352
)
 
3,246

 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses arising during period
 
(555
)
 
—

 
(555
)
 
(6,846
)
 
—

 
(6,846
)
Net change
 
(555
)
 
—

 
(555
)
 
(6,846
)
 
—

 
(6,846
)
Other comprehensive loss
 
$
(9,022
)
 
$
3,560

 
$
(5,462
)
 
$
(1,248
)
 
$
(2,352
)
 
$
(3,600
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Nine Months Ended September 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
 
$
30,888

 
$
(12,987
)
 
$
17,901

 
$
34,648

 
$
(14,552
)
 
$
20,096

Net realized gains reclassified into net income (1)
 
(8,468
)
 
3,560

 
(4,908
)
 
(26,994
)
 
11,337

 
(15,657
)
Net change
 
22,420

 
(9,427
)
 
12,993

 
7,654

 
(3,215
)
 
4,439

 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses arising during period
 
(5,226
)
 
—

 
(5,226
)
 
(6,846
)
 
—

 
(6,846
)
Net change
 
(5,226
)
 
—

 
(5,226
)
 
(6,846
)
 
—

 
(6,846
)
Other comprehensive income (loss)
 
$
17,194

 
$
(9,427
)
 
$
7,767

 
$
808

 
$
(3,215
)
 
$
(2,407
)
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
For the three and nine months ended September 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.