XML 37 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of changes due to adoption of new revenue recognition guidance
The cumulative effect of the changes to our consolidated balance sheets at January 1, 2018, for the adoption of the new revenue standard were as follows:

(Dollars in thousands)
 
Balance at December 31, 2017
 
Adjustments Due to Adoption of ASC 606
 
Balance at
January 1, 2018
Accrued interest receivable and other assets:
 
 
 
 
 
 
Accounts receivable
 
$
55,946

 
$
(34,340
)
 
$
21,606

Other liabilities:
 
 
 
 
 
 
Deferred revenue
 
27,057

 
(26,321
)
 
736

Current taxes payable
 
4,675

 
(2,217
)
 
2,458

Stockholders' Equity:
 
 
 
 
 
 
Retained earnings
 
2,866,837

 
(5,802
)
 
2,861,035

In accordance with the new revenue standard requirements, the disclosure of the impact of adoption on our consolidated balance sheets at June 30, 2018 and our statements of income for the three and six months ended June 30, 2018, were as follows:
 
 
June 30, 2018
(Dollars in thousands)
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
Accrued interest receivable and other assets:
 
 
 
 
 
 
Accounts receivable
 
$
57,740

 
$
97,584

 
$
(39,844
)
Other liabilities:
 
 
 
 
 
 
Deferred fees
 
479

 
29,964

 
(29,485
)
Current taxes payable (receivable)
 
1,616

 
(924
)
 
2,540

Stockholders' Equity:
 
 
 
 
 
 
Retained earnings
 
3,397,879

 
3,403,357

 
(5,478
)
 
 
Three months ended June 30, 2018
(Dollars in thousands)
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
Other noninterest income:
 
 
 
 
 
 
Fund management fees
 
$
5,929

 
$
6,308

 
$
(379
)
Income tax expense
 
77,287

 
77,380

 
(93
)
 
 
 
 
 
 
 
Net Income available to common stockholders
 
237,798

 
238,084

 
(286
)
Diluted earnings per share
 
4.42

 
4.43

 
(0.01
)
 
 
Six months ended June 30, 2018
(Dollars in thousands)
 
As Reported
 
Balances Without Adoption of ASC 606
 
Effect of Change
Higher/(Lower)
Other noninterest income:
 
 
 
 
 
 
Fund management fees
 
$
11,665

 
$
12,914

 
$
(1,249
)
Income tax expense
 
151,253

 
151,577

 
(324
)
 
 
 
 
 
 
 
Net Income available to common stockholders
 
432,759

 
433,684

 
(925
)
Diluted earnings per share
 
8.05

 
8.07

 
(0.02
)