Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

19. Accumulated Other Comprehensive Income

The changes in AOCI by component are as follows (in thousands):

			Cumulative
			Unrealized Gain
	Effective Portion of		(Loss) on		Foreign
	Cumulative Loss on		Available-for-		Currency
	Cash Flow Hedges		Sale Securities		Translation		Total
Balance at January 1, 2014	$	(604)	$	66,566	$	9,487	$	75,449
OCI before reclassifications		(865)		3,683		(13,684)		(10,866)
Amounts reclassified from AOCI		1,372		(10,059)		—		(8,687)
Net period OCI		507		(6,376)		(13,684)		(19,553)
Balance at December 31, 2014		(97)		60,190		(4,197)		55,896
OCI before reclassifications		(709)		(17,487)		(9,285)		(27,481)
Amounts reclassified from AOCI		741		(5,396)		5,969		1,314
Net period OCI		32		(22,883)		(3,316)		(26,167)
Balance at December 31, 2015		(65)		37,307		(7,513)		29,729
OCI before reclassifications		(284)		7,622		(10,040)		(2,702)
Amounts reclassified from AOCI		323		—		8,788		9,111
Net period OCI		39		7,622		(1,252)		6,409
Balance at December 31, 2016	$	(26)	$	44,929	$	(8,765)	$	36,138

The reclassifications out of AOCI impacted the consolidated statements of operations for the years ended December 31, 2016, 2015 and 2014 as follows (amounts in thousands):

	Amounts Reclassified from
	AOCI during the Year						Affected Line Item
	Ended December 31,						in the Statements
Details about AOCI Components	2016		2015		2014		of Operations
Losses on cash flow hedges:
Interest rate contracts	$	(323)	$	(741)	$	(1,372)	Interest expense
Unrealized gains (losses) on available-for-sale securities:
Interest realized upon collection		—		5,396		—	Interest income from investment securities
Net realized gain on sale of investments		—		—		10,148	Gain on sale of investments and other assets, net
OTTI		—		—		(89)	OTTI
Total		—		5,396		10,059
Foreign currency translation:
Foreign currency loss from European servicing and advisory business divestiture		(8,788)		—		—	Gain on sale of investments and other assets, net
Foreign currency loss from CMBS redemption		—		(5,969)		—	Foreign currency loss, net
Total		(8,788)		(5,969)		—
Total reclassifications for the period	$	(9,111)	$	(1,314)	$	8,687