XML 83 R38.htm IDEA: XBRL DOCUMENT v3.20.1
Accumulated Other Comprehensive Income (Loss) (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020 and 2019:
 
($ in thousands)
 
Available-
for-Sale
Debt
Securities
 
Foreign
Currency
Translation
Adjustments (1)
 
Total
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
)
Balance, January 1, 2020
 
$
(2,419
)
 
$
(15,989
)
 
$
(18,408
)
Net unrealized gains (losses) arising during the period
 
28,530

 
(2,164
)
 
26,366

Amounts reclassified from AOCI
 
(1,077
)
 
—

 
(1,077
)
Changes, net of tax
 
27,453

 
(2,164
)
 
25,289

Balance, March 31, 2020
 
$
25,034

 
$
(18,153
)
 
$
6,881

 
(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 RMB and USD, respectively.
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, 2020 and 2019:
 
($ in thousands)
 
Three Months Ended March 31,
 
2020
 
2019
 
Before-Tax
 
Tax Effect
 
Net-of-Tax
 
Before-Tax
 
Tax Effect
 
Net-of-Tax
AFS debt securities:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized gains arising during the period
 
$
40,493

 
$
(11,963
)
 
$
28,530

 
$
30,938

 
$
(7,827
)
 
$
23,111

Net realized gains reclassified into net income (1)
 
(1,529
)
 
452

 
(1,077
)
 
(1,561
)
 
461

 
(1,100
)
Net change
 
38,964

 
(11,511
)
 
27,453

 
29,377

 
(7,366
)
 
22,011

Foreign currency translation adjustments, net of hedges:
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized (losses) gains arising during the period
 
(1,766
)
 
(398
)
 
(2,164
)
 
3,180

 
—

 
3,180

Net change
 
(1,766
)
 
(398
)
 
(2,164
)
 
3,180

 
—

 
3,180

Other comprehensive income (loss)
 
$
37,198

 
$
(11,909
)
 
$
25,289

 
$
32,557

 
$
(7,366
)
 
$
25,191

 
(1)
For the three months ended March 31, 2020 and 2019, pre-tax amounts were reported in Net gains on sales of AFS debt securities on the Consolidated Statement of Income.