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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Revenues from consolidated VIE-RSO $ 50,409,000 $ 43,025,000 $ 152,175,000 $ 119,837,000
COSTS AND EXPENSES:        
General and administrative 2,426,000 2,505,000 8,309,000 6,807,000
Provision for credit losses 559,000 1,808,000 3,342,000 3,793,000
Depreciation and amortization 453,000 413,000 1,369,000 1,318,000
Costs and expenses 30,943,000 30,219,000 92,361,000 82,034,000
OPERATING INCOME 19,466,000 12,806,000 59,814,000 37,803,000
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments       (214,000)
Interest expense (467,000) (530,000) (1,447,000) (1,525,000)
Other (expense) income 11,000 162,000 29,000 224,000
Other income (expense), net (2,243,000) 16,367,000 (1,474,000) 15,492,000
Income from continuing operations before taxes 17,223,000 29,173,000 58,340,000 53,295,000
Income tax provision (benefit) 1,504,000 1,983,000 4,324,000  
Income from continuing operations 15,719,000 27,190,000 54,016,000 49,470,000
Loss from discontinued operations, net of tax 0 0 0 (2,000)
Net income 15,719,000 27,190,000 54,016,000 49,468,000
Net income attributable to common shareholders 1,516,000 3,442,000 5,224,000 5,051,000
Amounts attributable to common shareholders:        
Income from continuing operations 1,516,000 3,442,000 5,224,000 5,053,000
Discontinued operations 0 0 0 (2,000)
Net income 1,516,000 3,442,000 5,224,000 5,051,000
Basic earnings per share:        
Continuing operations (in dollars per share) $ 0.07 $ 0.17 $ 0.25 $ 0.25
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (in dollars per share) $ 0.07 $ 0.17 $ 0.25 $ 0.25
Weighted average shares outstanding (in shares) 21,109 20,342 20,586 20,255
Diluted earnings per share:        
Continuing operations (in dollars per share) $ 0.07 $ 0.16 $ 0.24 $ 0.23
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (in dollars per share) $ 0.07 $ 0.16 $ 0.24 $ 0.23
Weighted average shares outstanding (in shares) 22,301 21,872 22,124 21,931
RAI [Member]
       
REVENUES:        
Real estate (includes revenues of $2,643, $4,701, $7,590 and $9,794 related to RSO) 14,289,000 15,950,000 41,012,000 39,443,000
Financial fund management (includes revenues of $2,310 $450, $1,350 and $720 related to RSO) 5,557,000 8,502,000 20,773,000 15,234,000
Commercial finance (includes no revenues related to RSO) (17,000) (30,000) (158,000) (243,000)
Revenues from consolidated VIE-RSO 19,829,000 24,422,000 61,627,000 54,434,000
COSTS AND EXPENSES:        
Real estate 9,384,000 11,178,000 27,364,000 29,514,000
Financial fund management 2,812,000 3,547,000 9,980,000 7,769,000
Commercial finance 125,000 75,000 351,000 (99,000)
General and administrative 2,426,000 2,505,000 8,309,000 6,807,000
Provision for credit losses 559,000 1,808,000 3,342,000 3,793,000
Depreciation and amortization 453,000 413,000 1,369,000 1,318,000
Costs and expenses 15,759,000 19,526,000 50,715,000 49,102,000
OTHER INCOME (EXPENSE):        
Gain on sale of investment securities, net 69,000 0 439,000 0
Other-than-temporary impairment on investments 0 0 0 (214,000)
Interest expense (467,000) (530,000) (1,447,000) (1,525,000)
Other (expense) income 80,000 128,000 263,000 400,000
Income tax provision (benefit) 1,741,000 1,261,000 4,991,000 (396,000)
Loss from discontinued operations, net of tax     0 (2,000)
Net loss (income) attributable to noncontrolling interests 11,000 (40,000) (33,000) (23,000)
RSO [Member]
       
REVENUES:        
Real estate (includes revenues of $2,643, $4,701, $7,590 and $9,794 related to RSO) 2,643,000 4,701,000 7,590,000 9,794,000
Financial fund management (includes revenues of $2,310 $450, $1,350 and $720 related to RSO) 2,310,000 450,000 1,350,000 720,000
Commercial finance (includes no revenues related to RSO) 0 0 0 0
Revenues from consolidated VIE-RSO 34,716,000 23,786,000 100,604,000 76,011,000
COSTS AND EXPENSES:        
Costs and expenses 18,686,000 15,554,000 51,020,000 43,110,000
OTHER INCOME (EXPENSE):        
Other (expense) income (1,936,000) 16,607,000 (758,000) 16,607,000
Income tax provision (benefit) (237,000) 722,000 (667,000) 4,221,000
Net loss (income) attributable to noncontrolling interests (14,214,000) (23,708,000) (48,759,000) (44,394,000)
Reportable Legal Entities [Member]
       
OTHER INCOME (EXPENSE):        
Other income (expense), net (318,000) (402,000) (745,000) (1,339,000)
Reportable Legal Entities [Member] | RAI [Member]
       
REVENUES:        
Real estate (includes revenues of $2,643, $4,701, $7,590 and $9,794 related to RSO) 14,289,000 15,950,000 41,012,000  
Financial fund management (includes revenues of $2,310 $450, $1,350 and $720 related to RSO) 5,557,000 8,502,000 20,773,000  
Commercial finance (includes no revenues related to RSO) (17,000) (30,000) (158,000)  
Revenues from consolidated VIE-RSO 19,829,000 24,422,000 61,627,000 54,434,000
COSTS AND EXPENSES:        
Real estate 9,384,000 11,178,000 27,364,000  
Financial fund management 2,812,000 3,547,000 9,980,000  
Commercial finance 125,000 75,000 351,000  
General and administrative 2,426,000 2,505,000 8,309,000 6,807,000
Provision for credit losses 559,000 1,808,000 3,342,000 3,793,000
Depreciation and amortization 453,000 413,000 1,369,000 1,318,000
Costs and expenses 15,759,000 19,526,000 50,715,000  
OPERATING INCOME 4,070,000 4,896,000 10,912,000  
OTHER INCOME (EXPENSE):        
Gain on sale of investment securities, net 69,000   439,000  
Other-than-temporary impairment on investments       (214,000)
Interest expense (467,000) (530,000) (1,447,000) (1,525,000)
Income from continuing operations before taxes 4,324,000 5,050,000 11,883,000  
Income tax provision (benefit) 1,741,000 1,261,000 4,991,000  
Net income 2,583,000 3,789,000 6,892,000  
Net loss (income) attributable to noncontrolling interests 11,000 (40,000) (33,000)  
Net income attributable to common shareholders 2,594,000 3,749,000 6,859,000  
Amounts attributable to common shareholders:        
Net income 2,594,000 3,749,000 6,859,000  
Reportable Legal Entities [Member] | RSO [Member]
       
REVENUES:        
Revenues from consolidated VIE-RSO 34,716,000 23,786,000 100,604,000 76,011,000
COSTS AND EXPENSES:        
General and administrative 0 0 0 0
Provision for credit losses 0 0 0 0
Depreciation and amortization 0 0 0 0
Costs and expenses 18,449,000 16,276,000 50,353,000  
OPERATING INCOME 16,267,000 7,510,000 50,251,000  
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments       0
Interest expense 0 0 0 0
Income from continuing operations before taxes 14,331,000 24,117,000 49,493,000  
Income tax provision (benefit) 0 0 0  
Net income 14,331,000 24,117,000 49,493,000  
Net loss (income) attributable to noncontrolling interests (7,003,000) (1,996,000) (12,372,000)  
Net income attributable to common shareholders 7,328,000 22,121,000 37,121,000  
Amounts attributable to common shareholders:        
Net income 7,328,000 22,121,000 37,121,000  
Intersegment Eliminations [Member]
       
REVENUES:        
Revenues from consolidated VIE-RSO (4,136,000) (5,183,000) (10,056,000) (10,608,000)
COSTS AND EXPENSES:        
Costs and expenses $ (3,502,000) $ (4,861,000) $ (9,374,000) $ (10,178,000)