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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating expenses:    
Compensation and benefits $ 1,658 $ 1,875
Incentive compensation accrual reversal 0 (1,843)
Professional and outside services 285 316
Property operating and maintenance 120 134
Depreciation 48 48
Insurance 151 108
Other operating 318 300
Total operating expenses 2,580 938
Operating income (loss) (2,580) (938)
Interest income 0 10
Realized gains (losses) on sales of investment securities 0 20
Other expense - federal tax gross-up - indemnification asset reversal 0 (18,429)
Equity income (loss) - 111 West 57th Partners LLC (1,905) (2,104)
Income (loss) before income taxes (4,485) (21,441)
Income tax expense (benefit) 140 (35,862)
Net income (loss) (4,625) 14,421
Less: Net income (loss) attributable to non-controlling interest (34) 0
Net income (loss) attributable to controlling interest $ (4,591) $ 14,421
Net income (loss) per common share - basic (in dollars per share) $ (0.11) $ 0.35
Net income (loss) per common share - assuming dilution (in dollars per share) $ (0.11) $ 0.35
Weighted average common shares outstanding - basic (in shares) 40,738 40,792
Weighted average common shares outstanding - assuming dilution (in shares) 40,738 40,792