Note 22 - Accumulated Other Comprehensive Income ("AOCI")

12 Months Ended

Dec. 31, 2013

Accumulated Other Comprehensive Income Loss Disclosure [Abstract]

Accumulated Other Comprehensive Income Loss Disclosure [Text Block]

22. Accumulated Other Comprehensive Income

The following table displays the change in the components of AOCI for the year ended December 31, 2013:

	Foreign Currency Translation Adjustments				Unrealized Gains on Available-for-Sale Investments				Total
Balance as of December 31, 2012	$	(85,404	)		$	19,222			$	(66,182	)
Other comprehensive income before reclassifications		(10,668	)			16,205				5,537
Amounts reclassified from AOCI		5,095		(a)		(9,432	)	(b)		(4,337	)
Net current-period other comprehensive income		(5,573	)			6,773				1,200
Balance as of December 31, 2013	$	(90,977	)		$	25,995			$	(64,982	)

(a)     Amounts were reclassified to Impairment/loss on operating properties sold, net of tax, within Discontinued operations on the Company’s Consolidated Statements of Income, as a result of the full liquidation of the Company’s investment in Brazil.

(b)     Amounts were reclassified to Interest, dividends and other investment income on the Company’s Consolidated Statements of Income.

At December 31, 2013, the Company had a net $91.0 million, after noncontrolling interests of $5.6 million, of unrealized cumulative translation adjustment (“CTA”) losses relating to its investments in foreign entities. The CTA is comprised of $23.7 million of unrealized gains relating to its Canadian investments and $114.7 million of unrealized losses relating to its Latin American investments, $106.9 million of which is related to Mexico. CTA results from currency fluctuations between local currency and the U.S. dollar during the period in which the Company held its investment. CTA amounts are subject to future changes resulting from ongoing fluctuations in the respective foreign currency exchange rates. Under U.S. GAAP, the Company is required to release CTA balances into earnings when the Company has substantially liquidated its investment in a foreign entity. During 2013, the Company began selling properties within its Latin American portfolio. The Company may, in the near term, substantially liquidate all of its investments in this portfolio which will require the then unrealized loss on foreign currency translation to be recognized as a charge against earnings.