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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 100,977 $ 61,002
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses and impairment 0 388
Net equity in income from investments in partnerships (21,904) (7,673)
Net gains on bonds (28,606) (21,875)
Net gains on real estate and other investments (1,148) (2,409)
Gain on disposal of discontinued operations 0 (33,410)
Net gains on loans (489) (711)
Net losses (gains) on derivatives 4,241 (1,606)
Net losses on extinguishment of liabilities 30 14
Current and deferred federal income taxes (60,476) (265)
Proceeds received on loans held for sale (includes $0 and $9,400 from a related party) 0 9,400
Advances on, originations and purchases of loans held for sale 0 (9,000)
Derivative terminations 1,071 2,436
Distributions received from investments in partnerships 17,324 9,903
Depreciation and amortization (2,456) (891)
Foreign currency (losses) gains (104) 585
Stock-based compensation expense 299 1,288
Other, net 142 1,895
Net cash provided by operating activities 8,901 9,071
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $15,107 and $0 from a related party) 45,796 21,159
Advances on and originations of loans held for investment (includes $11,279 and $0 from a related party) (11,729) (6,000)
Investments in partnerships and real estate (248,911) (66,181)
Proceeds from the sale of real estate and other investments 2,080 1,725
Cash and restricted cash derecognized in the Disposition 0 (23,009)
Restricted cash related to deconsolidated guaranteed Low-Income Housing Tax Credit ("LIHTC") funds 0 (23,487)
Capital distributions received from investments in partnerships 98,102 28,925
Net cash used in investing activities (114,662) (66,868)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 108,000 12,189
Repayment of borrowings (17,651) (18,727)
Debt issuance costs (2,931) 0
Repurchase of common shares (2,730) (5,923)
Options tendered for payment of withholding taxes 0 (4,425)
Issuance of common shares 0 8,375
Net cash provided by (used in) financing activities 84,688 (8,511)
Net decrease in cash, cash equivalents and restricted cash (21,073) (66,308)
Cash, cash equivalents and restricted cash at beginning of period 33,878 100,186
Cash, cash equivalents and restricted cash at end of period 12,805 33,878
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 6,224 7,516
Income taxes paid 32 313
Non-cash investing and financing activities:    
Unrealized losses included in other comprehensive income (30,064) (3,456)
Debt and liabilities extinguished through sales and collections on bonds and loans 37,606 57,360
Decrease in investments in debt securities and common shareholders' equity due to change in accounting principle 267 0
Increase in loans held for investment and decrease in investment in partnerships due to secured lending 17,050 0
Decrease in loans held for investment and increase in investment in partnership due to derecognition of secured lending receivable 28,654 0
Increase in common shareholders' equity and decrease in other liabilities due to change in accounting principle   9,206
Increase in loans held for investment and debt   5,000
Increase in loans from the Disposition   57,000
Increase in investments in debt securities from the Disposition   17,986
Increase in other assets from the Disposition   2,142
Increase in deferred revenue from the Disposition   (13,000)
Increase in accumulated other comprehensive income from the Disposition   (9,415)
Increase in loans held for investment, interest receivable and other liabilities and decrease in investment in partnerships   6,138
Increase in common shareholders' equity and decrease in other liabilities due to stock options exercised   10,303
Net change in assets, liabilities and equity due to deconsolidation of guaranteed LIHTC funds:    
Net decrease in investment in partnerships, LIHTC fund   (98,760)
Decrease in other assets, LIHTC fund   (5,174)
Decrease in debt, LIHTC fund   6,712
Decrease in unfunded equity commitments to lower tier property partnerships, LIHTC fund   8,003
Decrease in other liabilities, LIHTC fund   35,850
Decrease in noncontrolling interests, LIHTC fund   83,909
Hunt Companies [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Proceeds received on loans held for sale (includes $0 and $9,400 from a related party) 0 9,400
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $15,107 and $0 from a related party) 15,107 0
Advances on and originations of loans held for investment (includes $11,279 and $0 from a related party) $ (11,279) $ 0