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Other Expenses (Tables)
 12 Months Ended
Dec. 31, 2013
Other Income And Expenses [Abstract]  
Schedule of General and Administrative Expenses

General and administrative expenses consisted of the following ($ in thousands):

 

     Year Ended December 31,  
     2013      2012      2011  

Professional services

    $ 2,441       $ 895       $ 2,210   

Operating and other costs

      1,971         1,732         2,283   

Transaction costs – investment management sale(1)

      —           3,870         —     
  

 

 

     

 

 

     

 

 

  
     4,412         6,497         4,493   
  

 

 

     

 

 

     

 

 

  

Non-cash compensation expenses

         

Management incentive awards plan – CT Legacy Partners(2)

      4,915         2,232         3,054   

Director stock-based compensation

      263         223         206   

Employee stock-based compensation

      1,064         1,353         505   
  

 

 

     

 

 

     

 

 

  
     6,242         3,808         3,765   
  

 

 

     

 

 

     

 

 

  

Expenses of consolidated securitization vehicles

      851         64         724   
  

 

 

     

 

 

     

 

 

  
   $ 11,505       $ 10,369       $ 8,982   
  

 

 

     

 

 

     

 

 

  

 

  (1)

See Note 1 for discussion of the Investment Management Business Sale.

  
  (2)

Represents the accrual of amounts payable under the CT Legacy Partners management incentive awards during the period. See below for discussion of the CT Legacy Partners management incentive awards plan.