XML 10 R48.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Special Purpose Entities, Including Variable Interest Entities (Details Textual) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended |  |  | 3 Months Ended | 6 Months Ended |  | 3 Months Ended | 6 Months Ended |  |  | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 Entity | Jun. 30, 2011 | Dec. 31, 2011 | Mar. 31, 2011 | Jun. 30, 2012 Asset Backed Securities and Utility Obligations [Member] | Jun. 30, 2011 Asset Backed Securities and Utility Obligations [Member] | Jun. 30, 2012 Asset Backed Securities and Utility Obligations [Member] | Jun. 30, 2012 Sponsored Variable Interest Entities [Member] Transactions | Dec. 31, 2011 Sponsored Variable Interest Entities [Member] | Jun. 30, 2012 Financial Guarantee [Member] | Jun. 30, 2011 Financial Guarantee [Member] | Jun. 30, 2012 Financial Guarantee [Member] | Jun. 30, 2011 Financial Guarantee [Member] | Jun. 30, 2012 Variable Interest Entity [Member] | Dec. 31, 2011 Variable Interest Entity [Member] | Jun. 30, 2012 Consolidated Entities [Member] Entity | Dec. 31, 2011 Consolidated Entities [Member] Entity | Jun. 30, 2012 Unconsolidated Variable Interest Entities [Member] | Jun. 30, 2011 Unconsolidated Variable Interest Entities [Member] | Jun. 30, 2012 Unconsolidated Variable Interest Entities [Member] | Jun. 30, 2011 Unconsolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt outstanding to third parties under this secured borrowing transaction |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 24,964 | $ 35,600 |  |  |  |  |  |
Securities fair value | 193,346 |  | 193,346 |  | 172,880 |  |  |  |  |  |  |  |  |  |  | 193,346 | 172,880 |  |  |  |  |  |
Number of individual transactions with special purpose entities |  |  |  |  |  |  |  |  |  | 15 |  |  |  |  |  |  |  |  |  |  |  |  |
Number of transactions were outstanding with special purpose entities |  |  |  |  |  |  |  |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  |  |
Total principal amount of debt outstanding |  |  |  |  |  |  |  |  |  | 574,509 | 578,562 |  |  |  |  |  |  |  |  |  |  |  |
Average rating of assets held by sponsored special purpose entities |  |  | no longer than 90 days |  |  |  |  |  | BBB+ |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average life |  |  |  |  |  |  |  |  | 8 years 1 month 6 days |  |  |  |  |  |  |  |  |  |  |  |  |  |
Value of assets sold to special purpose entities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earned fees for providing other services under its financial guarantee policies |  |  |  |  |  |  |  |  |  |  |  | 11 | 12 | 22 | 23 |  |  |  |  |  |  |  |
Number of consolidated entities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 | 19 |  |  |  |
Income (loss) on variable interest entities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0
Special Purpose Entities, Including Variable Interest Entities (Textual) [Abstract] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Number of special purpose entities sponsored by Ambac |  |  | 2 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of special purpose entities | 15,792 |  | 15,792 |  | 16,779 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of special purpose entities | (231) | (554) | (987) | 542 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earned premiums for issuing the financial guarantee policies on the assets, MTNs and derivative contracts | 110 | 191 | 255 | 427 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Claims paid to entities under its financial guarantee policies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount paid under derivative contracts | 0 | 0 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount received under derivative contracts | 3,886 | 4,206 | 3,747 | 4,075 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consolidated VIE assets | 16,620,359 |  | 16,620,359 |  | 16,543,207 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VIE - Derivative liabilities, Fair value | 16,444,608 |  | 16,444,608 |  | 16,379,386 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets recorded at fair value |  |  |  |  |  | 326,342 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization on the intangible assets |  | 8,162 |  | 8,162 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization expense for intangible assets |  | $ 8,162 |  | $ 8,162 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average amortization period |  |  | 28 years |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

X
- Definition Amount paid under derivative contracts entered into with Ambac's sponsored medium term note special purpose entities. + References No definition available. + Details
Name: | abk_AmountPaidUnderDerivativesWithSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount received under derivative contracts entered into with Ambac's sponsored medium term note special purpose entities. + References No definition available. + Details
Name: | abk_AmountReceivedUnderDerivativesWithSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total principal amount of outstanding debt issued by Ambac's sponsored medium term note special purpose entities. + References No definition available. + Details
Name: | abk_FaceAmountOfDebtOutstandingIssuedBySponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of intangible assets at fair value recorded upon the initial consolidation of a variable interest entity when consolidation occurred during the period(s) reported. + References No definition available. + Details
Name: | abk_FairValueIntangibleAssetsInitiallyRecordedUponConsolidationOfVariableInterestEntity
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of insurance claims paid related to financial guarantee policies on the assets, debt and derivative contracts of Ambac's sponsored medium term note special purpose entities. + References No definition available. + Details
Name: | abk_InsuranceClaimsPaidRelatedToSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of insurance premiums earned related to financial guarantee policies on the assets, debt and derivative contracts of Ambac's sponsored medium term note special purpose entities. + References No definition available. + Details
Name: | abk_InsurancePremiumEarnedRelatedToSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Number of consolidated variable interest entities. + References No definition available. + Details
Name: | abk_NumberOfConsolidatedVariableInterestEntities
Namespace Prefix: | abk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of special purpose entities sponsored by Ambac. + References No definition available. + Details
Name: | abk_NumberOfSpecialPurposeEntitiesSponsoredByParent
Namespace Prefix: | abk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of asset transfer transactions executed with Ambac's sponsored medium term note special purpose entities during the period reported. + References No definition available. + Details
Name: | abk_NumberOfTransactionsDuringPeriodWithSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The number of asset transfer transactions executed with Ambac's sponsored medium term note special purpose entities that are still outstanding at the reporting date. + References No definition available. + Details
Name: | abk_NumberOfTransactionsOutstandingWithSponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of asset transfer transactions executed with Ambac's sponsored medium term note special purpose entities since the inception of those entities. + References No definition available. + Details
Name: | abk_NumberOfTransactionsWithSponsoredSpecialPurposeEntitiesInceptionToDate
Namespace Prefix: | abk_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair Value of securities held to collateralize and fund repayment of debt issued through a resecuritization transaction. + References No definition available. + Details
Name: | abk_SecuritiesHeldToCollateralizeAndFundRepaymentOfDebtIssuedThroughResecuritizationTransactionFairValue
Namespace Prefix: | abk_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | abk_SpecialPurposeEntitiesIncludingVariableInterestEntitiesTextualAbstract
Namespace Prefix: | abk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted average amortization period. + References No definition available. + Details
Name: | abk_WeightedAverageAmortizationPeriod
Namespace Prefix: | abk_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The weighted average remaining life of assets held by Ambac's sponsored medium term note special purpose entities at the reporting date. + References No definition available. + Details
Name: | abk_WeightedAverageLifeOfAssetsHeldBySponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The weighted average credit rating of assets held by Ambac's sponsored medium term note special purpose entities at the reporting date. + References No definition available. + Details
Name: | abk_WeightedAverageRatingOfAssetsHeldBySponsoredSpecialPurposeEntities
Namespace Prefix: | abk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph a(2) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 + Details
Name: | us-gaap_AmortizationOfIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents investments accounted for under the equity method of accounting as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 6 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 25 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6903542&loc=d3e32014-111567 + Details
Name: | us-gaap_EquityMethodInvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of gain (loss) recognized in earnings, arising from financial instruments classified in shareholders' equity measured at fair value on a recurring basis using unobservable inputs (level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisInstrumentsClassifiedInShareholdersEquityGainLossIncludedInEarnings
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph a(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fees and other service revenues recognized in the period that are not otherwise specified in the taxonomy. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1(d)) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_RevenueOtherFinancialServices
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Article 9 + Details
Name: | us-gaap_SecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The amount of income (loss) from operations derived by the reporting entity during the period from the Variable Interest Entity (VIE). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph d -URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5747-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS140-4/FIN46(R)-8 -Paragraph C8 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_VariableInterestEntityActivityBetweenVIEAndEntityOperatingIncomeOrLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5710-111685 + Details
Name: | us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The carrying amount of the consolidated Variable Interest Entity's liabilities included in the reporting entity's statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=7880789&loc=d3e5710-111685 + Details
Name: | us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_VariableInterestEntityLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration