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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 61,002 $ (25,937)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Provisions for credit losses and impairment (1) 388 26,020
Net equity in (income) losses from investments in partnerships (7,673) 810
Net gains on bonds (21,875) (620)
Net gains on real estate and other investments (2,409) (7,726)
Gain on disposal of discontinued operations (33,410) 0
Net (gain) losses on loans (711) 4,530
Net (gains) losses on derivatives (1,606) 962
Net losses (gains) on extinguishment of liabilities 14 (4,838)
Proceeds received on loans held for sale (includes $9,400 and $0 from a related party) 9,400 805
Advances on, originations and purchases of loans held for sale (9,000) 0
Derivative terminations 2,436 0
Distributions received from investments in partnerships 9,903 6,461
Depreciation and other amortization (1) (891) 2,173
Foreign currency losses (gains) 585 (591)
Stock-based compensation expense 1,288 2,428
Increase in asset management fees payable related to CFVs 0 3,467
Other, net 1,630 5,608
Net cash provided by operating activities 9,071 13,552
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment 21,159 23,871
Advances on, originations and purchases of loans held for investment (6,000) (15,528)
Advances on and purchases of investments in debt securities   (5,522)
Investments in partnerships and real estate (66,181) (37,014)
Proceeds from the sale of real estate and other investments 1,725 24,136
Cash and restricted cash derecognized in the Disposition (23,009) 0
Restricted cash related to deconsolidated guaranteed LIHTC funds (23,487) 0
Capital distributions received from investments in partnerships 28,925 17,037
Net cash (used in) provided by investing activities (66,868) 6,980
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 12,189 15,248
Repayment of borrowings (18,727) (27,419)
Repurchase of common shares (5,923) (9,607)
Options tendered for payment of witholding taxes (4,425) 0
Issuance of common shares 8,375 0
Other, net 0 (1,597)
Net cash used in financing activities (8,511) (23,375)
Net decrease in cash, cash equivalents and restricted cash (66,308) (2,843)
Cash, cash equivalents and restricted cash at beginning of period (includes $19,727 of assets of discontinued operations as of December 31, 2017) 100,186 103,029
Cash, cash equivalents and restricted cash at end of period 33,878 100,186
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 7,516 7,577
Income taxes paid 313 471
Non-cash investing and financing activities:    
Unrealized (losses) gains included in other comprehensive income (3,456) 3,309
Debt and liabilities extinguished through sales and collections on bonds 57,360 1,841
Increase in common shareholders' equity and decrease in other liabilities due to change in accounting principles 9,206 0
Increase in loans held for investment and debt 5,000 0
Increase in loans from the Disposition 57,000 0
Increase in investments in debt securities from the Disposition 17,986 0
Increase in other assets from the Disposition 2,142 0
Increase in deferred revenue from the Disposition (13,000) 0
Increase in other accumulated other comprehensive income from the Disposition (9,415) 0
Increase in loans held for investment, interest receivable and other liabilities and decrease in investment in partnerships 6,138 0
Increase in common shareholders' equity and decrease in other liabilities due to stock options exercised 10,303 0
Net decrease in investment in partnerships (98,760) 0
Decrease in other assets (5,174) 0
Decrease in debt 6,712 0
Decrease in unfunded equity commitments to lower tier property partnerships 8,003 0
Decrease in other liabilities 35,850 0
Decrease in noncontrolling interests 83,909 0
Total cash, cash equivalents and restricted cash shown in statement of cash flows $ 100,186 $ 103,029