INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

A summary of the Company’s deferred tax assets and deferred tax liabilities at June 30, 2014 and December 31, 2013 is as follows:

	June 30, 2014			December 31, 2013
	(dollars expressed in thousands)
Gross deferred tax assets	$	369,234		359,261
Unrecognized tax benefits for uncertain tax positions	(868		)	—
Valuation allowance	(43,380		)	(43,380	)
Deferred tax assets, net of valuation allowance	324,986			315,881
Deferred tax liabilities	49,257			28,397
Net deferred tax assets	$	275,729		287,484