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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Revenues $ 43,025,000 $ 47,889,000 $ 119,837,000 $ 123,696,000
COSTS AND EXPENSES:        
Restructuring expenses       365,000
General and administrative 2,505,000 2,530,000 6,807,000 7,564,000
Impairment charges   2,280,000   2,280,000
Provision for credit losses 1,808,000 6,336,000 3,793,000 14,996,000
Depreciation and amortization 413,000 529,000 1,318,000 1,592,000
Costs and expenses 30,219,000 31,651,000 82,034,000 88,170,000
OPERATING INCOME 12,806,000 16,238,000 37,803,000 35,526,000
OTHER INCOME (EXPENSE):        
(Loss) gain on deconsolidation and sale of subsidiaries   (140,000)   54,542,000
Other-than-temporary impairment on investments     (214,000) (74,000)
Interest expense (530,000) (544,000) (1,525,000) (1,767,000)
Other income, net 16,897,000 63,000 17,231,000 5,571,000
Other income (expense), net 16,367,000 (621,000) 15,492,000 58,272,000
Income from continuing operations before taxes 29,173,000 15,617,000 53,295,000 93,798,000
Income tax provision (benefit)   (5,000) (396,000) 20,336,000
Income from continuing operations 27,190,000 15,622,000 49,470,000 73,462,000
Loss from discontinued operations, net of tax 0 (8,000) (2,000) (38,000)
Net income 27,190,000 15,614,000 49,468,000 73,424,000
Net income (loss) attributable to common shareholders 3,442,000 (2,267,000) 5,051,000 25,562,000
Amounts attributable to common shareholders:        
Income (loss) from continuing operations 3,442,000 (2,259,000) 5,053,000 25,600,000
Discontinued operations 0 (8,000) (2,000) (38,000)
Net income (loss) attributable to common shareholders 3,442,000 (2,267,000) 5,051,000 25,562,000
Basic earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.17 $ (0.11) $ 0.25 $ 1.29
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) (in dollars per share) $ 0.17 $ (0.11) $ 0.25 $ 1.29
Weighted average shares outstanding 20,342 20,102 20,255 19,786
Diluted earnings (loss) per share:        
Continuing operations (in dollars per share) $ 0.16 $ (0.11) $ 0.23 $ 1.23
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) (in dollars per share) $ 0.16 $ (0.11) $ 0.23 $ 1.23
Weighted average shares outstanding 21,872 20,102 21,931 20,845
Consolidated Entity Excluding RSO [Member]
       
REVENUES:        
Real estate (includes revenues of $4,701, $2,446, $9,794 and $9,169 related to RSO) 15,950,000 11,292,000 39,443,000 31,929,000
Financial fund management (includes revenues of $450, $2,508, $720 and $4,902 related to RSO) 8,502,000 6,083,000 15,234,000 15,378,000
Commercial finance (30,000) (167,000) (243,000) (1,535,000)
Revenues 24,422,000 17,208,000 54,434,000 45,772,000
COSTS AND EXPENSES:        
Real estate 11,178,000 7,684,000 29,514,000 22,477,000
Financial fund management 3,547,000 3,909,000 7,769,000 11,282,000
Commercial finance 75,000 103,000 (99,000) 451,000
Restructuring expenses 0 0 0 365,000
General and administrative 2,505,000 2,530,000 6,807,000 7,564,000
Impairment charges 0 2,280,000 0 2,280,000
Provision for credit losses 1,808,000 6,336,000 3,793,000 14,996,000
Depreciation and amortization 413,000 529,000 1,318,000 1,592,000
Costs and expenses 19,526,000 23,371,000 49,102,000 61,007,000
OTHER INCOME (EXPENSE):        
(Loss) gain on deconsolidation and sale of subsidiaries 0 (140,000) 0 54,542,000
Other-than-temporary impairment on investments 0 0 (214,000) (74,000)
Interest expense (530,000) (544,000) (1,525,000) (1,767,000)
Other income, net 128,000 29,000 400,000 6,000
Other income (expense), net (402,000) (655,000) (1,339,000) 52,707,000
Income tax provision (benefit) 1,261,000 (3,984,000) (396,000) 13,358,000
Loss from discontinued operations, net of tax     (2,000) (38,000)
Net income     49,468,000 73,424,000
Net income attributable to noncontrolling interests (40,000) 36,000 (23,000) 30,000
VIE - RSO [Member]
       
REVENUES:        
Real estate (includes revenues of $4,701, $2,446, $9,794 and $9,169 related to RSO) 4,701,000 2,446,000 9,794,000 9,169,000
Financial fund management (includes revenues of $450, $2,508, $720 and $4,902 related to RSO) 450,000 2,508,000 720,000 4,902,000
Revenues 23,786,000 35,669,000 76,011,000 90,657,000
COSTS AND EXPENSES:        
Expense from consolidated VIE - RSO 15,554,000 13,230,000 43,110,000 39,752,000
OTHER INCOME (EXPENSE):        
Other income (expense), net 16,607,000 0 16,607,000 5,464,000
Income tax provision (benefit) 722,000 3,979,000 4,221,000 6,978,000
Net income attributable to noncontrolling interests (23,708,000) (17,917,000) (44,394,000) (47,892,000)
Intersegment Eliminations [Member]
       
REVENUES:        
Revenues (5,183,000) (4,988,000) (10,608,000) (12,733,000)
COSTS AND EXPENSES:        
Costs and expenses (4,861,000) (4,950,000) (10,178,000) (12,589,000)
OTHER INCOME (EXPENSE):        
Other income (expense), net $ 162,000 $ 34,000 $ 224,000 $ 101,000