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Other Expenses (Tables)
 6 Months Ended
Jun. 30, 2014
Other Income And Expenses [Abstract]  
Schedule of General and Administrative Expenses

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

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2014      2013      2014      2013  

Professional services

    $ 758       $ 846       $ 1,283       $ 1,267   

Operating and other costs

      474         577         1,043         975   

Management incentive awards plan - CTOPI(1)

      11,190         —           11,190         —     
  

 

 

     

 

 

     

 

 

     

 

 

  
     12,422         1,423         13,516         2,242   
  

 

 

     

 

 

     

 

 

     

 

 

  

Non-cash compensation expenses

            

Management incentive awards plan - CT Legacy Partners(2)

      416         548         552         1,511   

Director stock-based compensation

      94         37         188         75   

Restricted class A common stock earned

      2,289         —           4,029         —     
  

 

 

     

 

 

     

 

 

     

 

 

  
     2,799         585         4,769         1,586   
  

 

 

     

 

 

     

 

 

     

 

 

  

Expenses of consolidated securitization vehicles

      135         499         269         654   
  

 

 

     

 

 

     

 

 

     

 

 

  
   $ 15,356       $ 2,507       $ 18,554       $ 4,482   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) Represents the portion of CTOPI promote revenue paid under compensation awards. See Note 5 for further discussion.
(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.