EQUITY METHOD INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Summarized financial information of equity investments

The following table shows summarized financial information for the Company’s equity method investments reported under the fair value option of accounting assuming 100% ownership (amounts in thousands):

	Credit				Commercial Real Estate				Natural Resources
As of December 31,	2015		2014		2015		2014		2015		2014
Total assets	$	1,188,855	$	639,567	$	878,878	$	959,488	$	723,063	$	1,488,275
Total liabilities	$	574,635	$	208,812	$	812,935	$	836,066	$	376,638	$	615,543
Redeemable stock	$	—	$	—	$	—	$	—	$	—	$	—
Noncontrolling interests	$	—	$	—	$	—	$	—	$	264	$	268

The following table shows summarized financial information for the Company’s equity method investments, which were reported under the fair value option of accounting and were determined to be significant as defined by accounting guidance, assuming 100% ownership (amounts in thousands):

	Successor Company
	Credit						Commercial Real Estate					Natural Resources
	Year ended December 31, 2015			Eight months ended December 31, 2014			Year ended December 31, 2015		Eight months ended December 31, 2014			Year ended December 31, 2015			Eight months ended December 31, 2014
Revenues (1)	$	87,561		$	22,535		$	138,431	$	77,661		$	179,482		$	77,038
Expenses (1,2)	$	60,623		$	19,356		$	148,463	$	80,685		$	305,164		$	100,618
Net income (loss)	$	(41,201	)	$	(24,364	)	$	21,629	$	(3,024	)	$	(522,601	)	$	(58,869	)

	Predecessor Company
	Credit					Commercial Real Estate						Natural Resources
	Four months ended April 30, 2014		Year ended December 31, 2013			Four months ended April 30, 2014			Year ended December 31, 2013			Four months ended April 30, 2014		Year ended December 31, 2013
Revenues (1)	$	3,967	$	1,093		$	30,338		$	83,300		$	2,578	$	3,625
Expenses (1,2)	$	4,357	$	132		$	36,914		$	96,883		$	1,763	$	5,136
Net income (loss)	$	11,437	$	(1,050	)	$	(6,576	)	$	(13,583	)	$	815	$	(1,511	)

(1) Revenues and expenses exclude realized and unrealized gains and losses, as well as other than temporary impairment.

(2) Expenses include items such as operating costs, professional fees, management fees, depreciation and amortization, compensation, acquisition costs and other general and administrative costs for Credit and Commercial Real Estate. Expenses include items such as lease operating, production taxes, depreciation, depletion and amortization, and other general and administrative costs for Natural Resources.