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Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2019
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, 2019 and 2018:
 
($ in thousands)
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments, Net of Hedges (1)
 
Total
BALANCE, APRIL 1, 2018
 
$
(55,981
)
 
$
177

 
$
(55,804
)
Net unrealized (losses) arising during the period
 
(8,693
)
 
(6,822
)
 
(15,515
)
Amounts reclassified from AOCI
 
(148
)
 
—

 
(148
)
Changes, net of tax
 
(8,841
)
 
(6,822
)
 
(15,663
)
BALANCE, JUNE 30, 2018
 
$
(64,822
)
 
$
(6,645
)
 
$
(71,467
)
BALANCE, APRIL 1, 2019
 
$
(23,810
)
 
$
(9,173
)
 
$
(32,983
)
Net unrealized gains (losses) arising during the period
 
30,046

 
(6,016
)
 
24,030

Amounts reclassified from AOCI
 
(1,019
)
 
—

 
(1,019
)
Changes, net of tax
 
29,027

 
(6,016
)
 
23,011

BALANCE, JUNE 30, 2019
 
$
5,217

 
$
(15,189
)
 
$
(9,972
)
 
 
($ in thousands)
 
Available-
for-Sale
Investment
Securities
 
Foreign
Currency
Translation
Adjustments, Net of Hedges (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) arising during the period
 
(26,004
)
 
(24
)
 
(26,028
)
Amounts reclassified from AOCI
 
(1,649
)
 
—

 
(1,649
)
Changes, net of tax
 
(27,653
)
 
(24
)
 
(27,677
)
BALANCE, JUNE 30, 2018
 
$
(64,822
)
 
$
(6,645
)
 
$
(71,467
)
BALANCE, JANUARY 1, 2019
 
$
(45,821
)
 
$
(12,353
)
 
$
(58,174
)
Net unrealized gains (losses) arising during the period
 
53,157

 
(2,836
)
 
50,321

Amounts reclassified from AOCI
 
(2,119
)
 
—

 
(2,119
)
Changes, net of tax
 
51,038

 
(2,836
)
 
48,202

BALANCE, JUNE 30, 2019
 
$
5,217

 
$
(15,189
)
 
$
(9,972
)
 
(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 tables present 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, 2019 and 2018:
 
($ in thousands)
 
Three Months Ended June 30,
 
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
 
$
44,531

 
$
(14,485
)
 
$
30,046

 
$
(12,342
)
 
$
3,649

 
$
(8,693
)
Net realized gains reclassified into net income (1)
 
(1,447
)
 
428

 
(1,019
)
 
(210
)
 
62

 
(148
)
Net change
 
43,084

 
(14,057
)
 
29,027

 
(12,552
)
 
3,711

 
(8,841
)
Foreign currency translation adjustments, net of hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized (losses) arising during the period (2)
 
(2,989
)
 
(3,027
)
 
(6,016
)
 
(6,822
)
 
—

 
(6,822
)
Net change
 
(2,989
)
 
(3,027
)
 
(6,016
)
 
(6,822
)
 
—

 
(6,822
)
Other comprehensive income (loss)
 
$
40,095

 
$
(17,084
)
 
$
23,011

 
$
(19,374
)
 
$
3,711

 
$
(15,663
)
 
 
($ in thousands)
 
Six Months Ended June 30,
 
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
 
$
75,469

 
$
(22,312
)
 
$
53,157

 
$
(36,919
)
 
$
10,915

 
$
(26,004
)
Net realized gains reclassified into net income (1)
 
(3,008
)
 
889

 
(2,119
)
 
(2,339
)
 
690

 
(1,649
)
Net change
 
72,461

 
(21,423
)
 
51,038

 
(39,258
)
 
11,605

 
(27,653
)
Foreign currency translation adjustments, net of hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized (losses) arising during the period (2)
 
191

 
(3,027
)
 
(2,836
)
 
(24
)
 
—

 
(24
)
Net change
 
191

 
(3,027
)
 
(2,836
)
 
(24
)
 
—

 
(24
)
Other comprehensive income (loss)
 
$
72,652

 
$
(24,450
)
 
$
48,202

 
$
(39,282
)
 
$
11,605

 
$
(27,677
)
 
(1)
For the three and six months ended June 30, 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.
(2)
The tax effects on foreign currency translation adjustments represent the cumulative net deferred tax liabilities since inception on net investment hedges that were recorded during the second quarter of 2019.