Fair Value of Investments (Tables)

3 Months Ended

Mar. 31, 2016

Assets, Fair Value Disclosure [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy levels at March 31, 2016:

	March 31, 2016
	( Dollars in thousands )
	Level 1		Level 2		Level 3		Total
Assets, at fair value
Investments in affiliates	$	—	$	5,182	$	—	$	5,182
Investments, at fair value
CLO – Warehouse		—		—		42,026		42,026
Total investments, at fair value		—		—		42,026		42,026
Total assets, at fair value	$	—	$	5,182	$	42,026	$	47,208

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy levels at December 31, 2015:

	December 31, 2015
	( Dollars in thousands )
	Level 1		Level 2		Level 3		Total
Assets, at fair value
Investments in affiliates	$	—	$	5,242	$	—	$	5,242
Investments, at fair value
Short term high investment grade mutual funds		8,169		—		—		8,169
CLO – Warehouse		—		—		30,509		30,509
Total investments, at fair value		8,169		—		30,509		38,678
Total assets, at fair value	$	8,169	$	5,242	$	30,509	$	43,920

Schedule of Changes in Fair Value of Assets and Liabilities [Table Text Block]

The following table summarizes the changes in the Company’s Level 3 assets and liabilities for the three months ended March 31, 2016:

	March 31, 2016
	( Dollars in thousands )
	Beginning Balance January 1, 2016		Purchases/ Issuances		Sales/ Redemptions/ Settlements		Total Realized and Change in Unrealized Gains (Losses)		Transfers to (from) Level 3		Ending Balance March 31, 2016		Change in Unrealized Gains/Losses Relating to Assets and Liabilities Still Held at March 31, 2016
CLO - Warehouse	$	30,509	$	10,000	$	—	$	1,517	$	—	$	42,026	$	1,517
Total assets, at fair value	$	30,509	$	10,000	$	—	$	1,517	$	—	$	42,026	$	1,517

The following table summarizes the changes in the Company’s Level 3 assets and liabilities for the year ended December 31, 2015:

	December 31, 2015
	( Dollars in thousands )
	Beginning Balance January 1, 2015		Purchases/ Issuances		Sales/ Redemptions/ Settlements		Total Realized and Change in Unrealized Gains (Losses)		Transfers to (from) Level 3		Ending Balance December 31, 2015		Change in Unrealized Gains/Losses Relating to Assets and Liabilities Still Held at December 31, 2015
CLO - Warehouse	$	—	$	30,000	$	—	$	509	$	—	$	30,509	$	509
Total assets, at fair value	$	—	$	30,000	$	—	$	509	$	—	$	30,509	$	509