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Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of the changes in components of accumulated other comprehensive income (loss) balances
The following table presents the changes in the components of AOCI balances for the three months ended March 31, 2017 and 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended March 31,
 
2017
 
2016
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
Beginning balance
 
$
(28,772
)
 
$
(19,374
)
 
$
(48,146
)
 
$
(6,144
)
 
$
(8,797
)
 
$
(14,941
)
Net unrealized gains (losses) arising during the period
 
5,055

 
1,007

 
6,062

 
15,142

 
(33
)
 
15,109

Amounts reclassified from AOCI
 
(1,434
)
 
—

 
(1,434
)
 
(2,226
)
 
—

 
(2,226
)
Changes, net of taxes
 
3,621

 
1,007

 
4,628

 
12,916

 
(33
)
 
12,883

Ending balance
 
$
(25,151
)
 
$
(18,367
)
 
$
(43,518
)
 
$
6,772

 
$
(8,830
)
 
$
(2,058
)
 
 
 
 
 
 
 
 
 
 
 
 
 

(1)
Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. The functional currency and reporting currency of the Company’s foreign subsidiary was Chinese Renminbi and USD, respectively.
Schedule of components of other comprehensive income, reclassifications to net income and the related tax effects
The following table presents the components of other comprehensive income, reclassifications to net income and the related tax effects for the three months ended March 31, 2017 and 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Three Months Ended March 31,
 
2017
 
2016
 
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
 
$
8,721

 
$
(3,666
)
 
$
5,055

 
$
26,130

 
$
(10,988
)
 
$
15,142

Net realized gains reclassified into net income (1)
 
(2,474
)
 
1,040

 
(1,434
)
 
(3,842
)
 
1,616

 
(2,226
)
Net change
 
6,247

 
(2,626
)
 
3,621

 
22,288

 
(9,372
)
 
12,916

 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains (losses) arising during period
 
1,007

 
—

 
1,007

 
(33
)
 
—

 
(33
)
Net change
 
1,007

 
—

 
1,007

 
(33
)
 
—

 
(33
)
Other comprehensive income
 
$
7,254

 
$
(2,626
)
 
$
4,628

 
$
22,255

 
$
(9,372
)
 
$
12,883

 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
For the three months ended March 31, 2017 and 2016, the pretax amounts were reported in Net gains on sales of available-for-sale investment securities on the Consolidated Statements of Income.