Discontinued Operations

12 Months Ended

Dec. 31, 2013

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

15. DISCONTINUED OPERATIONS

As more fully described in Note 3, we sold our investment management business, CTIMCO, to an affiliate of Blackstone in December 2012. As a result, the income and expense items related to our investment management business have been reclassified to loss from discontinued operations on our consolidated statements of operations.

The following table provides additional information on the components of discontinued operations ($ in thousands):

	Year Ended December 31,
	2013		2012			2011
Servicing fees	$	—	$	9,686		$	8,497
Management fees from affiliates		—		6,312			6,618
Total revenues				15,998			15,115
General and administrative expenses		—		12,938			14,884
Income from discontinued operations before income taxes		—		3,060			231
Income tax provision		—		(5,198	)		(1,121	)
Loss from discontinued operations	$	—	$	(2,138	)	$	(890	)
Loss on sale of discontinued operations		—		(271	)		—
Loss from discontinued operations per share of common stock:
Basic	$	—	$	(1.03	)	$	(0.39	)
Diluted	$	—	$	(1.03	)	$	(0.39	)