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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Realized and unrealized gains:    
Net realized gain on investments $ 142 $ 154
Change in unrealized appreciation on investments 516 558
Change in unrealized appreciation on investments 344 89
Net realized and unrealized gains 1,002 801
Investment income:    
Interest income 5,363 3,027
Separate account fees 5,487 5,306
Administrative service fees 12,352 11,931
Rental revenue 4,446 822
Gain on sale of loans held for sale, net 952 0
Other income 730 218
Total investment income 29,330 21,304
Total net realized and unrealized gains and investment income 30,332 22,105
Expenses:    
Interest expense 5,962 3,835
Payroll expense 10,570 8,628
Professional fees 1,090 1,372
Change in future policy benefits 1,125 1,117
Mortality expenses 2,642 2,614
Commission expense 984 555
Depreciation and amortization expenses 1,563 943
Other expenses 6,156 3,474
Total expenses 30,092 22,538
Net income before taxes and income attributable to consolidated CLOs from continuing operations 240 (433)
Results of consolidated CLOs:    
Income attributable to consolidated CLOs 11,986 16,564
Expenses attributable to consolidated CLOs 13,992 9,821
Net Income attributable to consolidated CLOs (2,006) 6,743
Income before taxes from continuing operations (1,766) 6,310
Provision for income taxes 429 1,299
(Loss) income from continuing operations (2,195) 5,011
Discontinued operations:    
Income from discontinued operations, net 0 841
Provision for income taxes 0 0
Discontinued operations, net 0 841
Net (loss) income (2,195) 5,852
Less net income attributable to noncontrolling interest 298 4,105
Less net (loss) income attributable to VIE subordinated noteholders (3,518) 429
Net income available to common stockholders $ 1,025 $ 1,318
Net income (loss) per Class A common share:    
Basic, continuing operations, net $ 0.10 $ 0.05
Basic, discontinued operations, net $ 0.00 $ 0.08
Net income basic $ 0.10 $ 0.13
Diluted, continuing operations, net $ 0.10 $ 0.05
Diluted, discontinued operations, net $ 0 $ 0.08
Net income dilutive $ 0.10 $ 0.13
Weighted average number of Class A common shares:    
Basic 10,586,587 10,251,292
Diluted 10,586,587 10,251,292