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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (6,566) $ 26,101
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses and impairment 8,972 0
Net equity in income from investments in partnerships (17,499) (9,619)
Net gains on bonds 0 (24,264)
Net losses on derivatives 2,291 4,791
Net losses on loans, other assets and extinguishment of liabilities 190 30
Current and deferred federal income tax (benefit) expense 777 83
Distributions received from investments in partnerships 14,823 7,417
Depreciation and amortization 277 (627)
Foreign currency losses (gains) 994 (84)
Stock-based compensation expense 193 165
Other, net 1,923 612
Net cash provided by operating activities 6,375 4,605
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $53,600 and zero from a related party) 53,770 24,197
Advances on and originations of loans held for investment (702) (11,279)
Investments in partnerships and real estate (114,651) (95,941)
Capital distributions received from investments in partnerships 39,639 61,357
Net cash used in investing activities (21,944) (21,666)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowing activity 112,272
Repayment of borrowings (66,890) (3,724)
Debt issuance costs (723)
Repurchase of common shares (41)
Net cash provided by (used in) financing activities 44,618 (3,724)
Net increase (decrease) in cash, cash equivalents and restricted cash 29,049 (20,785)
Cash, cash equivalents and restricted cash at beginning of period 12,805 33,878
Cash, cash equivalents and restricted cash at end of period 41,854 13,093
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 4,313 3,147
Income taxes paid 0 16
Non-cash investing and financing activities:    
Unrealized losses included in other comprehensive income (224) (24,283)
Debt and liabilities extinguished through sales and collections on bonds and loans 0 37,606
Decrease in investments in debt securities and common shareholders' equity due to change in accounting principle 0 267
Increase in loans held for investment and decrease in investment in partnerships due to secured lending 0 1,873
Hunt Companies [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal payments and sales proceeds received on bonds and loans held for investment (includes $53,600 and zero from a related party) $ 53,600 $ 0