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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net income $ 61,042 $ 6,688
Adjustments to reconcile net income to net cash provided by operating activities:    
Accretion of mortgage securities (807) (2,258)
Provision for bad debt, net 559 0
Amortization of deferred debt issuance costs and senior debentures discount 1,547 1,060
Fair value adjustments of trading securities, CDO debt and contingent consideration 0 [1] (675) [1]
Loss on disposal of fixed assets 2 290
Compensation recognized under stock compensation plans 223 233
Depreciation expense 2,517 1,461
Deferred taxes (63,101) 0
Changes in:    
Service fee receivable (699) (4,811)
Restricted cash 610 0
Other current assets and liabilities, net 1,767 (782)
Other noncurrent assets and liabilities, net (1,135) 520
Deferred revenue 882 0
Accounts payable and accrued expenses 4,296 5,477
Net cash provided by operating activities 7,703 7,203
Cash flows from investing activities:    
Proceeds from paydowns of mortgage securities 814 1,702
Restricted cash, net 31 203
Proceeds from paydowns of notes receivable 3,148 87
Issuance of notes receivable (55) (224)
Purchases of property and equipment (2,125) (1,486)
Net cash provided by investing activities 1,813 282
Cash flows from financing activities:    
Contributions from noncontrolling interests 593 0
Distributions to noncontrolling interests (217) (461)
Acquisition of noncontrolling interest (500) 0
Paydowns of note payable to related party (750) 0
Payments to preferred stockholders for preferred stock exchange 0 (3,005)
Net cash used in financing activities (874) (3,466)
Net increase in cash and cash equivalents 8,642 4,019
Cash and cash equivalents, beginning of period 11,503 12,582
Cash and cash equivalents, end of period 20,145 16,601
Supplemental Disclosure of Cash Flow Information    
Cash paid for interest 783 2,364
Cash received from income tax refunds 2,008 0
Cash received on mortgage securities - available-for-sale with no cost basis 3,216 6,465
Non-cash investing and financing activities:    
Acquisition of noncontrolling interests for note payable 5,613 0
Capital Lease Obligations Incurred 427 0
Preferred stock dividends accrued, subsequently eliminated $ 0 $ 8,428
[1] The Company did not have any impairments relating to mortgage securities – available-for-sale or fair value adjustments relating to the contingent consideration for the nine and three months ended September 30, 2012 and 2011.