Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting Tables

The following table details each segment's contribution to our operating results and the identified assets attributable to each such segment

The following table details each segment's contribution to our operating results and the identified assets attributable to each such segment for the six months ended, and as of, June 30, 2012 (in thousands):

	Balance Sheet			Investment		Inter-Segment
	Investment			Management		Activities			Total
Income from loans and other investments:
Interest and related income		$21,479			$—		$—			$21,479
Less: Interest and related expenses		28,754			—		—			28,754
Income from loans and other investments, net		(7,275	)		—		—			(7,275	)
Other revenues:
Management fees from affiliates		—			4,433		(1,238	)		3,195
Servicing fees		—			3,754		(369	)		3,385
Total other revenues		—			8,187		(1,607	)		6,580
Other expenses
General and administrative		3,171			7,119		(1,238	)		9,052
Servicing fees expense		369			—		(369	)		—
Total other expenses		3,540			7,119		(1,607	)		9,052
Total other-than-temporary impairments of securities		—			—		—			—
Portion of other-than-temporary impairments of securities recognized in other comprehensive income		(160	)		—		—			(160	)
Net impairments recognized in earnings		(160	)		—		—			(160	)
Recovery of provision for loan losses		8			—		—			8
Fair value adjustment on investment in CT Legacy Assets		7,657			—		—			7,657
Gain on deconsolidation of subsidiary		146,380			—		—			146,380
Income from equity investments		—			901		—			901
Income before income taxes		143,070			1,969		—			145,039
Income tax provision		300			766		—			1,066
Net income		$142,770			$1,203		—			$143,973
Less: Net income attributable to noncontrolling interests		(75,137	)		—		—			(75,137	)
Net income attributable to Capital Trust, Inc.		$67,633			$1,203		$—			$68,836
Total assets		$563,467			$20,770		$—			$584,237

The following table details each segment's contribution to our operating results and the identified assets attributable to each such segment for the six months ended, and as of, June 30, 2011 (in thousands):

	Balance Sheet			Investment			Inter-Segment
	Investment			Management			Activities			Total
Income from loans and other investments:
Interest and related income		$69,545			$—			$—			$69,545
Less: Interest and related expenses		58,543			—			—			58,543
Income from loans and other investments, net		11,002			—			—			11,002
Other revenues:
Management fees from affiliates		—			3,800			(626	)		3,174
Servicing fees		—			1,181			(433	)		748
Total other revenues		—			4,981			(1,059	)		3,922
Other expenses:
General and administrative		3,428			12,126			(626	)		14,928
Servicing fee expense		433			—			(433	)		—
Total other expenses		3,861			12,126			(1,059	)		14,928
Total other-than-temporary impairments of securities		(4,933	)		—			—			(4,933	)
Portion of other-than-temporary impairments of securities recognized in other comprehensive income		(3,271	)		—			—			(3,271	)
Net impairments recognized in earnings		(8,204	)		—			—			(8,204	)
Recovery of provision for loan losses		17,249			—			—			17,249
Valuation allowance on loans held-for-sale		(224	)		—			—			(224	)
Gain on extinguishment of debt		250,976			—			—			250,976
Income from equity investments		—			1,797			—			1,797
Income (loss) before income taxes		266,938			(5,348	)		—			261,590
Income tax provision (benefit)		2,332			(882	)		—			1,450
Net income (loss)		$264,606			($4,466	)		$—			$260,140
Less: Net income attributable to noncontrolling interests		(7,400	)		—			—			(7,400	)
Net income (loss) attributable to Capital Trust, Inc.		$257,206			($4,466	)		$—			$252,740
Total assets		$2,360,192			$9,219			($4,011	)		$2,365,400

The following table details each segment's contribution to our operating results and the identified assets attributable to each such segment for the three months ended, and as of, June 30, 2012 (in thousands):

	Balance Sheet			Investment		Inter-Segment
	Investment			Management		Activities			Total
Income from loans and other investments:
Interest and related income		$6,763			$—		$—			$6,763
Less: Interest and related expenses		5,413			—		—			5,413
Income from loans and other investments, net		1,350			—		—			1,350
Other revenues:
Management fees from affiliates		—			2,229		(619	)		1,610
Servicing fees		—			1,498		(133	)		1,365
Total other revenues		—			3,727		(752	)		2,975
Other expenses
General and administrative		1,642			3,717		(619	)		4,740
Servicing fees expense		133			—		(133	)		—
Total other expenses		1,775			3,717		(752	)		4,740
Fair value adjustment on investment in CT Legacy Assets		3,704			—		—			3,704
Income from equity investments		—			205		—			205
Income (loss) before income taxes		3,279			215		—			3,494
Income tax (benefit) provision		—			143		—			143
Net income (loss)		$3,279			$72		—			$3,351
Less: Net income attributable to noncontrolling interests		(1,068	)		—		—			(1,068	)
Net income (loss) attributable to Capital Trust, Inc.		$2,211			$72		$—			$2,283
Total assets		$563,467			$20,770		$—			$584,237

 

The following table details each segment's contribution to our operating results and the identified assets attributable to each such segment for the three months ended, and as of, June 30, 2011 (in thousands):

	Balance Sheet			Investment			Inter-Segment
	Investment			Management			Activities			Total
Income from loans and other investments:
Interest and related income		$32,554			$—			$—			$32,554
Less: Interest and related expenses		32,296			—			—			32,296
Income from loans and other investments, net		258			—			—			258
Other revenues:
Management fees from affiliates		—			1,786			(191	)		1,595
Servicing fees		—			649			(211	)		438
Total other revenues		—			2,435			(402	)		2,033
Other expenses:
General and administrative		1,496			3,344			(191	)		4,649
Servicing fee expense		211			—			(211	)		—
Total other expenses		1,707			3,344			(402	)		4,649
Recovery of provision for loan losses		8,088			—			—			8,088
Valuation allowance on loans held-for-sale		(224	)		—			—			(224	)
Gain on extinguishment of debt		937			—			—			937
Income from equity investments		—			842			—			842
Income (loss) before income taxes		7,352			(67	)		—			7,285
Income tax provision (benefit)		2,000			(939	)		—			1,061
Net income		$5,352			$872			$—			$6,224
Less: Net income attributable to noncontrolling
interests		(8,069	)		—			—			(8,069	)
Net (loss) income attributable to
Capital Trust, Inc.		($2,717	)		$872			$—			($1,845	)
Total assets		$2,360,192			$9,219			($4,011	)		$2,365,400