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Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2019
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, 2019 and 2018:
 
($ in thousands)
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
BALANCE, JANUARY 1, 2018
 
$
(30,898
)
 
$
(6,621
)
 
$
(37,519
)
Cumulative effect of change in accounting principle related to marketable equity securities (2)
 
385

 
—

 
385

Reclassification of tax effects in AOCI resulting from the new federal corporate income tax rate (3)
 
(6,656
)
 
—

 
(6,656
)
BALANCE, JANUARY 1, 2018, ADJUSTED
 
(37,169
)
 
(6,621
)
 
(43,790
)
Net unrealized (losses) gains arising during the period
 
(17,311
)
 
6,798

 
(10,513
)
Amounts reclassified from AOCI
 
(1,501
)
 
—

 
(1,501
)
Changes, net of tax
 
(18,812
)
 
6,798

 
(12,014
)
BALANCE, MARCH 31, 2018
 
$
(55,981
)
 
$
177

 
$
(55,804
)
BALANCE, JANUARY 1, 2019
 
$
(45,821
)
 
$
(12,353
)
 
$
(58,174
)
Net unrealized gains arising during the period
 
23,111

 
3,180

 
26,291

Amounts reclassified from AOCI
 
(1,100
)
 
—

 
(1,100
)
Changes, net of tax
 
22,011

 
3,180

 
25,191

BALANCE, MARCH 31, 2019
 
$
(23,810
)
 
$
(9,173
)
 
$
(32,983
)
 
(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.
(2)
Represents the impact of the adoption in the first quarter of 2018 of ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.
(3)
Represents amounts reclassified from AOCI to retained earnings due to the early adoption of ASU 2018-02, Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income in the first quarter of 2018.
Schedule of components of other comprehensive income (loss), reclassifications to net income 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 months ended March 31, 2019 and 2018:
 
($ in thousands)
 
Three Months Ended March 31,
 
2019
 
2018
 
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
 
$
30,938

 
$
(7,827
)
 
$
23,111

 
$
(24,577
)
 
$
7,266

 
$
(17,311
)
Net realized gains reclassified into net income (1)
 
(1,561
)
 
461

 
(1,100
)
 
(2,129
)
 
628

 
(1,501
)
Net change
 
29,377

 
(7,366
)
 
22,011

 
(26,706
)
 
7,894

 
(18,812
)
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains arising during the period
 
3,180

 
—

 
3,180

 
6,798

 
—

 
6,798

Net change
 
3,180

 
—

 
3,180

 
6,798

 
—

 
6,798

Other comprehensive income (loss)
 
$
32,557

 
$
(7,366
)
 
$
25,191

 
$
(19,908
)
 
$
7,894

 
$
(12,014
)
 
(1)
For the three months ended March 31, 2019 and 2018, pre-tax amounts were reported in Net gains on sales of available-for-sale investment securities on the Consolidated Statement of Income.