Note 18 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

(In thousands)	Year Ended December 31,
	2019			2018
Federal	$	248		$	1,044
State		45			246
Total current income tax expense		293			1,290
Federal		(5,487	)		(233	)
State		(1,633	)		110
Total deferred income tax expense (benefit)		(7,120	)		(123	)
Total income tax expense (benefit)	$	(6,827	)	$	1,167

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

(In thousands)	As of December 31,
	2019			2018
Deferred tax assets:
Equity based compensation	$	59		$	846
Interest expense limitation		59			1,169
Reserves and allowances		222			1,556
California Enterprise Zone credit		304			304
Federal and other state net operating loss		4,928			161
Accrued compensation and related expenses		2,502			-
Deferred compensation		636			847
Available for sale securities		1,752			-
Investment in partnerships		1,922			-
Tax basis difference - CLOs		1,689			-
Lease liability		6,823			-
Other		510			1,012
Total deferred tax assets		21,406			5,895
Deferred tax liabilities:
Investment in partnerships		(1,772	)		(1,376	)
Net unrealized gains on investments		(457	)		(629	)
Right of use assets		(5,275	)		-
Other		(1,141	)		-
Total deferred tax liabilities		(8,645	)		(2,005	)
Net deferred tax asset before valuation allowance		12,761			3,890
Valuation allowance		-			-
Net deferred tax assets	$	12,761		$	3,890

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Year Ended December 31,
	2019			2018
Tax at federal statutory tax rate		21.00	%		21.00	%
State income tax, net of federal tax benefit		11.78	%		-684.88	%
Non-CLO non-controlling interest		-0.01	%		-97.55	%
Adjustment for permanent items (Other)		-1.27	%		-147.19	%
PTP investment income		0.00	%		338.13	%
Adjustment for prior year taxes		-0.36	%		-487.11	%
Adjustment for change in tax status		25.01	%		0.00	%
Equity compensation shortfall		-5.12	%		-904.88	%
Effective tax rate		51.03	%		-1962.48	%