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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income    
Interest on bonds $ 468 $ 1,043
Interest on loans and short-term investments 91 935
Total interest income 559 1,978
Asset related interest expense    
Bond related debt 0 237
Non-bond related debt 0 62
Total interest expense 0 299
Net interest income 559 1,679
Non-interest income    
Equity in income from unconsolidated funds and ventures 4,148 3,976
Net gains on bonds 0 3,571
Net losses on derivatives (1,711) (1,442)
Net losses on loans and extinguishment of liabilities (9) (11)
Other income 1 17
Non-interest income 2,429 6,111
Other expenses    
Interest expense 2,269 1,209
External management fees and reimbursable expenses 2,760 2,268
General and administrative 359 314
Professional fees 709 967
Other expenses 1,140 130
Total other expenses 7,237 4,888
Net (loss) income from continuing operations before income taxes (4,249) 2,902
Income tax benefit (expense) 1,191 (13)
Net (loss) income from continuing operations (3,058) 2,889
Net loss from discontinued operations, net of tax 0 (7)
Net (loss) income $ (3,058) $ 2,882
Basic and diluted income per common share:    
(Loss) income from continuing operations $ (0.53) $ 0.49
Earnings Per Share, Basic and Diluted, Total $ (0.53) $ 0.49
Weighted-average common shares outstanding:    
Basic and diluted 5,804 5,882