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Changes in Accumulated Other Comprehensive Income (Loss) By Component (Tables)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income (loss)
The following tables present the changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2019 and 2018. All amounts are presented net of tax. Amounts in parentheses indicate reductions to AOCI.
 
Three Months Ended June 30, 2019
 
Available-for-Sale Debt Securities
 
 
 
 
(amounts in thousands)
Unrealized Gains (Losses)
Foreign Currency Items
Total Unrealized Gains (Losses)
 
Unrealized Gains (Losses) on Cash Flow Hedges
 
Total
Balance - March 31, 2019
$
(8,556
)
$
—

$
(8,556
)
 
$
(6,363
)
 
$
(14,919
)
Other comprehensive income (loss) before reclassifications
15,358

—

15,358

 
(10,435
)
 
4,923

Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)
—

—

—

 
3

 
3

Net current-period other comprehensive income
15,358

—

15,358

 
(10,432
)
 
4,926

Balance - June 30, 2019
$
6,802

$
—

$
6,802

 
$
(16,795
)
 
$
(9,993
)

 
Six Months Ended June 30, 2019
 
Available-for-Sale Debt Securities
 
 
 
 
(amounts in thousands)
Unrealized Gains (Losses)
Foreign Currency Items
Total Unrealized Gains (Losses)
 
Unrealized 
Gains (Losses) on Cash Flow  Hedges
 
Total
Balance - December 31, 2018
$
(21,741
)
$
—

$
(21,741
)
 
$
(922
)
 
$
(22,663
)
Other comprehensive income (loss) before reclassifications
28,543

—

28,543

 
(15,570
)
 
12,973

Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)
—

—

—

 
(303
)
 
(303
)
Net current-period other comprehensive income (loss)
28,543

—

28,543

 
(15,873
)
 
12,670

Balance - June 30, 2019
$
6,802

$
—

$
6,802

 
$
(16,795
)
 
$
(9,993
)
 
 
 
 
 
 
 
 

(1)
Reclassification amounts for available-for-sale debt securities are reported as gain or loss on sale of investment securities on the consolidated statements of income. During the three and six months ended June 30, 2019 there were no sales of investment securities. Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items on the consolidated statements of income. During the three and six months ended June 30, 2019, reclassification amounts of $4 thousand ($3 thousand net of taxes) and $409 thousand ($303 thousand net of taxes) were reported as an increase and as a reduction, respectively, to interest expense for the applicable hedged items on the consolidated statements of income.

 
Three Months Ended June 30, 2018
 
Available-for-Sale Debt Securities
 
 
 
 
(amounts in thousands)
Unrealized Gains (Losses)
Foreign Currency Items
Unrealized Gains (Losses) on Available-For-Sale Securities
 
Unrealized Gains (Losses) on Cash Flow Hedges
 
Total
Balance - March 31, 2018
$
(26,691
)
$
—

$
(26,691
)
 
$
503

 
$
(26,188
)
Other comprehensive income (loss) before reclassifications
(9,020
)
—

(9,020
)
 
1,403

 
(7,617
)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)
—

—

—

 
(192
)
 
(192
)
Net current-period other comprehensive income (loss)
(9,020
)
—

(9,020
)
 
1,211

 
(7,809
)
Balance - June 30, 2018
$
(35,711
)
$
—

$
(35,711
)
 
$
1,714

 
$
(33,997
)

 
Six Months Ended June 30, 2018
 
Available-for-Sale Debt Securities
 
 
 
 
(amounts in thousands)
Unrealized Gains (Losses)
Foreign Currency Items
Unrealized Gains (Losses) on Available-For-Sale Securities
 
Unrealized
Gains (Losses) on Cash Flow Hedges
 
Total
Balance - December 31, 2017
$
(249
)
$
88

$
(161
)
 
$
(198
)
 
$
(359
)
Reclassification of the income tax effects of the Tax Cuts and Jobs Act (2)
(256
)
—

(256
)
 
(42
)
 
(298
)
Reclassification of net unrealized gains on equity securities (2)
(953
)
(88
)
(1,041
)
 
—

 
(1,041
)
Balance after reclassifications on January 1, 2018
(1,458
)
—

(1,458
)
 
(240
)
 
(1,698
)
Other comprehensive income (loss) before reclassifications
(34,253
)
—

(34,253
)
 
2,049

 
(32,204
)
Amounts reclassified from accumulated other comprehensive income (loss) to net income (1)
—

—

—

 
(95
)
 
(95
)
Net current-period other comprehensive income
(34,253
)
—

(34,253
)
 
1,954

 
(32,299
)
Balance - June 30, 2018
$
(35,711
)
$
—

$
(35,711
)
 
$
1,714

 
$
(33,997
)
 
 
 
 
 
 
 
 
(1)
Reclassification amounts for available-for-sale debt securities are reported as gain or loss on sale of investment securities on the consolidated statements of income. During the three and six months ended June 30, 2018, there were no sales of investment securities. Reclassification amounts for cash flow hedges are reported as interest expense for the applicable hedged items on the consolidated statements of income. During the three and six months ended June 30, 2018, reclassification amounts of $259 thousand ($192 thousand net of taxes) and $128 thousand ($95 thousand net of taxes) were reported as reductions to interest expense for the applicable hedged items on the consolidated statements of income.
(2)
Amounts reclassified from accumulated other comprehensive income (loss) on January 1, 2018 as a result of the adoption of ASU 2018-02 and ASU 2016-01 resulted in a decrease in AOCI of $1.3 million and a corresponding increase in retained earnings for the same amount.