Supplemental Financial Information

3 Months Ended

Mar. 31, 2016

Statement of Financial Position [Abstract]

Consolidated Funds on the Company’s Financial Position [Text Block]

16. Supplemental Financial Information

The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the Company’s financial position at March 31, 2016 and December 31, 2015, and results of operations for the three months ended March 31, 2016 and March 31, 2015. Subsequent to the filing of the 10-Q for the three months ended March 31, 2015, the Company elected to early adopt ASU 2015-02 with an effective date of January 1, 2015. As a result of this adoption, all of the ZAIS Managed Entities which were consolidated in the 10-Q for the three months ended March 31, 2015 were deconsolidated:

	March 31, 2016
	ZAIS		Consolidated Funds		Eliminations		Consolidated
	( Dollars in thousands )
Assets
Cash and cash equivalents	$	38,460	$	—	$	—	$	38,460
Income and fees receivable		1,602		—		—		1,602
Investments in affiliates, at fair value		26,578		—		(21,396)		5,182
Due from related parties		946		—		—		946
Fixed assets, net		477		—		—		477
Prepaid expenses		910		—		—		910
Other assets		1,016		—		—		1,016
Assets of Consolidated Funds
Investments, at fair value		—		42,026		—		42,026
Total Assets	$	69,989	$	42,026	$	(21,396)	$	90,619
Liabilities and Equity
Liabilities
Notes payable	$	1,257	$	—	$	—	$	1,257
Compensation payable		2,581		—		—		2,581
Due to related parties		161		—		—		161
Fees payable		381		—		—		381
Other liabilities		1,708		—		—		1,708
Liabilities of Consolidated Funds
Other liabilities		—		73		—		73
Total Liabilities		6,088		73		—		6,161
Commitments and Contingencies (Note 12)
Equity
Preferred Stock		—		—		—		—
Class A Common Stock		1		—		—		1
Class B Common Stock		—		—		—		—
Additional paid-in-capital		61,045		—		—		61,045
Retained earnings (Accumulated deficit)		(18,639)		—		—		(18,639)
Accumulated other comprehensive income (loss)		122		—		—		122
Total stockholders’ equity, ZAIS Group Holdings, Inc.		42,529		—		—		42,529
Non-controlling interests in ZAIS Group Parent, LLC		21,372		—		—		21,372
Non-controlling interests in Consolidated Funds		—		41,953		(21,396)		20,557
Total Equity		63,901		41,953		(21,396)		84,458
Total Liabilities and Equity	$	69,989	$	42,026	$	(21,396)	$	90,619

 

	December 31, 2015
	ZAIS		Consolidated Funds		Eliminations		Consolidated
	( Dollars in thousands )
Assets
Cash and cash equivalents	$	44,351	$	—	$	—	$	44,351
Income and fees receivable		2,529		—		—		2,529
Investments, at fair value		8,169		—		—		8,169
Investments in affiliates, at fair value		20,767		—		(15,525)		5,242
Due from related parties		748		—		—		748
Fixed assets, net		544		—		—		544
Prepaid expenses		776		—		—		776
Other assets		310		—		—		310
Assets of Consolidated Funds
Cash and cash equivalents		—		33		—		33
Investments, at fair value		—		30,509		—		30,509
Total Assets	$	78,194	$	30,542	$	(15,525)	$	93,211
Liabilities and Equity
Liabilities
Notes payable	$	1,255	$	—	$	—	$	1,255
Compensation payable		3,575		—		—		3,575
Due to related parties		175		—		—		175
Fees payable		756		—		—		756
Other liabilities		1,546		—		—		1,546
Liabilities of Consolidated Funds
Other liabilities		—		101		—		101
Total Liabilities		7,307		101		—		7,408
Commitments and Contingencies (Note 12)
Equity
Preferred Stock		—		—		—		—
Class A Common Stock		1		—		—		1
Class B Common Stock		—		—		—		—
Additional paid-in-capital		60,817		—		—		60,817
Retained earnings (Accumulated deficit)		(13,805)		—		—		(13,805)
Accumulated other comprehensive income (loss)		158		—		—		158
Total stockholders’ equity, ZAIS Group Holdings, Inc.		47,171		—		—		47,171
Non-controlling interests in ZAIS Group Parent, LLC		23,716		—		—		23,716
Non-controlling interests in Consolidated Funds		—		30,441		(15,525)		14,916
Total Equity		70,887		30,441		(15,525)		85,803
Total Liabilities and Equity	$	78,194	$	30,542	$	(15,525)	$	93,211

	Three months Ended March 31, 2016
	ZAIS		Consolidated Funds		Eliminations		Consolidated
	( Dollars in Thousands )
Revenues
Management fee income	$	3,569	$	—	$	—	$	3,569
Incentive income		152		—		—		152
Other revenues		80		—		—		80
Total Revenues		3,801		—		—		3,801
Expenses
Compensation and benefits		9,007		—		—		9,007
General, administrative and other		3,210		—		—		3,210
Depreciation and amortization		63		—		—		63
Expenses of Consolidated Funds		—		19		—		19
Total Expenses		12,280		19		—		12,299
Other Income (loss)
Net gain (loss) on investments		746		—		(764)		(18)
Other income (expense)		605		—		—		605
Net gains (losses) of Consolidated Funds’ investments		—		1,517		—		1,517
Total Other Income (Loss)		1,351		1,517		(764)		2,104
Income (loss) before income taxes		(7,128)		1,498		(764)		(6,394)
Income tax (benefit) expense		5		—		—		5
Consolidated net income (loss), net of tax		(7,133)		1,498		(764)		(6,399)
Other Comprehensive Income (Loss), net of tax
Foreign currency translation adjustment		(54)		—		—		(54)
Total Comprehensive Income (Loss)	$	(7,187)	$	1,498	$	(764)	$	(6,453)

	Three months Ended March 31, 2015
	ZAIS		Consolidated Funds		Eliminations		Consolidated
	( Dollars in Thousands )
Revenues
Management fee income	$	3,753	$	—	$	—	$	3,753
Incentive income		908		—		—		908
Other revenues		31		—		—		31
Total Revenues		4,692		—		—		4,692
Expenses
Compensation and benefits		6,570		—		—		6,570
General, administrative and other		4,337		—		—		4,337
Depreciation and amortization		62		—		—		62
Expenses of Consolidated Funds		—		—		—		—
Total Expenses		10,969		—		—		10,969
Other Income (loss)
Net gain (loss) on investments		43		—		—		43
Other income (expense)		(4)		—		—		(4)
Net gains (losses) of Consolidated Funds’ investments		—		—		—		—
Total Other Income (Loss)		39		—		—		39
Income (loss) before income taxes		(6,238)		—		—		(6,238)
Income tax (benefit) expense		(902)		—		—		(902)
Consolidated net income (loss), net of tax		(5,336)		—		—		(5,336)
Other Comprehensive Income (Loss), net of tax
Foreign currency translation adjustment		192		—		—		192
Total Comprehensive Income (Loss)	$	(5,144)	$	—	$	—	$	(5,144)