INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2015

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, 2015 and December 31, 2014 is as follows:



(dollars in thousands)	June 30, 2015			December 31, 2014
Gross deferred tax assets	$	340,684		348,116
Valuation allowance	(29,416		)	(35,541	)
Deferred tax assets, net of valuation allowance	311,268			312,575
Deferred tax liabilities	41,301			40,728
Net deferred tax assets	$	269,967		271,847

Summary of Changes in Deferred Tax Asset Valuation Allowance [Table Text Block]

The adjustments to the valuation allowance against our net deferred tax assets for the six months ended June 30, 2015 are reflected in the following table:



(dollars in thousands)	Federal			State		Total
Change in forecasted earnings	$	(2,134	)	(1,163	)	(3,297	)
Generation of capital gain on single issuer’s common stock sale	(2,943		)	(738	)	(3,681	)
Changes in estimates associated with certain federal & state tax attributes	342			511		853
Total decrease in deferred tax asset valuation allowance	$	(4,735	)	(1,390	)	(6,125	)