Discontinued Operations

3 Months Ended

Mar. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 8. Discontinued Operations

As more fully described in Note 1, we sold our investment management business, CTIMCO, to an affiliate of Blackstone in December 2012. As a result, the income and expense items related to our investment management business have been reclassified to loss from discontinued operations on our consolidated statement of operations.

The following table provides additional information on the components of discontinued operations for the three months ended March 31, 2013 and 2012 ($ in thousands):

	Three Months Ended March 31,
Discontinued Operations	2013		2012
Servicing fees	$	—	$	2,020
Management fees from affiliates		—		1,585
Total revenues		—		3,605
General and administrative expenses		—		3,555
Income from discontinued operations before income taxes		—		50
Income tax provision		—		(623	)
Loss from discontinued operations		—	($	573	)
Loss from discontinued operations per share of common stock:
Basic	$	—	($	0.25	)
Diluted	$	—	($	0.25	)