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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of accumulated other comprehensive income (loss) balances
The following table presents the changes in the components of AOCI balances for the years ended December 31, 2015, 2014 and 2013.
 
($ in thousands)
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
Available-
for-Sale Investment
Securities
 
Foreign Currency Translation Adjustments (1)
 
Total
 
Available-
for-Sale Investment
Securities
 
Total
 
Available-
for-Sale Investment
Securities
 
Total
Beginning balance
 
$
4,237

 
$

 
$
4,237

 
$
(30,459
)
 
$
(30,459
)
 
$
4,669

 
$
4,669

Net unrealized gains (losses) arising during the period
 
13,012

 
(8,797
)
 
4,215

 
40,911

 
40,911

 
(27,833
)
 
(27,833
)
Amounts reclassified from AOCI
 
(23,393
)
 

 
(23,393
)
 
(6,215
)
 
(6,215
)
 
(7,295
)
 
(7,295
)
Changes, net of taxes
 
(10,381
)
 
(8,797
)
 
(19,178
)
 
34,696

 
34,696

 
(35,128
)
 
(35,128
)
Ending balance
 
$
(6,144
)
 
$
(8,797
)
 
$
(14,941
)
 
$
4,237

 
$
4,237

 
$
(30,459
)
 
$
(30,459
)
 
(1)
Represents foreign currency translation adjustments related to the Company’s net investment in non-U.S. operations, including related hedges. In the third quarter of 2015, there was a change in functional currency from USD to the local currency of the Company’s foreign subsidiary.
Schedule of components of other comprehensive income (loss), reclassifications to net income by income statement line item 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 years ended December 31, 2015, 2014 and 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
($ in thousands)
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
Before-Tax
 
Tax
Effect
 
Net-of-Tax
 
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
 
$
22,454

 
$
(9,442
)
 
$
13,012

 
$
70,537

 
$
(29,626
)
 
$
40,911

 
$
(47,988
)
 
$
20,155

 
$
(27,833
)
Net realized gains reclassified into net income (1)
 
(40,367
)
 
16,974

 
(23,393
)
 
(10,715
)
 
4,500

 
(6,215
)
 
(12,577
)
 
5,282

 
(7,295
)
Net change
 
(17,913
)
 
7,532

 
(10,381
)
 
59,822

 
(25,126
)
 
34,696

 
(60,565
)
 
25,437

 
(35,128
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net unrealized losses arising during period
 
(8,797
)
 

 
(8,797
)
 

 

 

 

 

 

Net change
 
(8,797
)
 

 
(8,797
)
 

 

 

 

 

 

Other comprehensive (loss)income
 
$
(26,710
)
 
$
7,532

 
$
(19,178
)
 
$
59,822

 
$
(25,126
)
 
$
34,696

 
$
(60,565
)
 
$
25,437

 
$
(35,128
)
 
(1)
For the year ended December 31, 2015, the pretax amount was reported in net gains on sales of available-for-sale investment securities in the Consolidated Statements of Income. For the years ended December 31, 2014 and 2013, the pretax amount was reported in net gains on sales of available-for-sale investment securities and other fees and other operating income in the Consolidated Statements of Income.