XML 60 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
PRESENTATION OF DEBT ISSUANCE COSTS
 9 Months Ended
Sep. 30, 2015
Presentation Of Debt Issuance Costs [Abstract]  
PRESENTATION OF DEBT ISSUANCE COSTS

15. PRESENTATION OF DEBT ISSUANCE COSTS

 

During the third quarter of 2015, the Company adopted Accounting Standards Update (“ASU”) No. 2015-03 “Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of debt liability. This ASU is required to be applied retrospectively to all periods presented. The following table summarizes the impact of retrospective application to the balance sheet for the year ended December 31, 2014:

 

(in thousands)   December 31, 2014  
Other assets        
As previously reported   $ 19,373  
As reported under the new guidance     19,244  
         
Total assets        
As previously reported   $ 2,288,653  
As reported under the new guidance     2,288,524  
         
Junior subordinated debentures        
As previously reported   $ 16,002  
As reported under the new guidance     15,873  
         
Total liabilities        
As previously reported   $ 2,113,535  
As reported under the new guidance     2,113,406