Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting Tables

The details of 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 nine months ended, and as of, September 30, 2012 (in thousands):

	Balance Sheet			Investment		Inter-Segment
	Investment			Management		Activities			Total
Income from loans and other investments:
Interest and related income		$28,423			$—		$—			$28,423
Less: Interest and related expenses		33,902			—		—			33,902
Income from loans and other investments, net		(5,479	)		—		—			(5,479	)
Other revenues:
Management fees from affiliates		—			6,597		(1,856	)		4,741
Servicing fees		—			6,991		(1,400	)		5,591
Total other revenues		—			13,588		(3,256	)		10,332
Other expenses
General and administrative		6,551			11,498		(1,856	)		16,193
Servicing fees expense		1,400			—		(1,400	)		—
Total other expenses		7,951			11,498		(3,256	)		16,193
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		2,819			—		—			2,819
Fair value adjustment on investment in CT Legacy Asset		19,645			—		—			19,645
Gain on deconsolidation of subsidiary		146,380			—		—			146,380
Income from equity investments in unconsolidated subsidiaries		—			1,312		—			1,312
Income before income taxes		155,254			3,402		—			158,656
Income tax provision		467			1,316		—			1,783
Net income		$154,787			$2,086		$—			$156,873
Net income attributable to noncontrolling interests		(81,038	)		—		—			(81,038	)
Net income attributable to Capital Trust, Inc.		$73,749			$2,086		$—			$75,835
Total assets		$556,003			$25,194		$—			$581,197

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

	Balance Sheet			Investment			Inter-Segment
	Investment			Management			Activities			Total
Income from loans and other investments:
Interest and related income		$95,187			$—			$—			$95,187
Less: Interest and related expenses		80,381			—			—			80,381
Income from loans and other investments, net		14,806			—			—			14,806
Other revenues:
Management fees from affiliates		—			6,171			(1,244	)		4,927
Servicing fees		—			2,840			(632	)		2,208
Total other revenues		—			9,011			(1,876	)		7,135
Other expenses:
General and administrative		5,372			15,740			(1,244	)		19,868
Servicing fee expense		632			—			(632	)		—
Total other expenses		6,004			15,740			(1,876	)		19,868
Total other-than-temporary impairments of securities		(35,620	)		—			—			(35,620	)
Portion of other-than-temporary impairments of securities recognized in other comprehensive income		(3,098	)		—			—			(3,098	)
Impairment of real estate held-for-sale		(1,055	)		—			—			(1,055	)
Net impairments recognized in earnings		(39,773	)		—			—			(39,773	)
Recovery of provision for loan losses		34,401			—			—			34,401
Valuation allowance on loans held-for-sale		(224	)		—			—			(224	)
Gain on extinguishment of debt		271,031			—			—			271,031
Income from equity investments in unconsolidated subsidiaries		—			2,105			—			2,105
Income (loss) before income taxes		274,237			(4,624	)		—			269,613
Income tax provision (benefit)		2,615			(1,401	)		—			1,214
Net income (loss)		$271,622			($3,223	)		$—			$268,399
Net income attributable to noncontrolling interests		(1,935	)		—			—			(1,935	)
Net income (loss) attributable to Capital Trust, Inc.		$269,687			($3,223	)		$—			$266,464
Total assets		$1,528,441			$11,448			$—			$1,539,889

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, September 30, 2012 (in thousands):

	Balance Sheet			Investment		Inter-Segment
	Investment			Management		Activities			Total
Income from loans and other investments:
Interest and related income		$6,944			$—		$—			$6,944
Less: Interest and related expenses		5,147			—		—			5,147
Income from loans and other investments, net		1,797			—		—			1,797
Other revenues:
Management fees from affiliates		—			2,165		(619	)		1,546
Servicing fees		—			3,237		(1,031	)		2,206
Total other revenues		—			5,402		(1,650	)		3,752
Other expenses
General and administrative		3,381			4,379		(619	)		7,141
Servicing fees expense		1,031			—		(1,031	)		—
Total other expenses		4,412			4,379		(1,650	)		7,141
Recovery of provision for loan losses		2,811			—		—			2,811
Fair value adjustment on investment in CT Legacy Asset		11,987			—		—			11,987
Income from equity investments in unconsolidated subsidiaries		—			411		—			411
Income before income taxes		12,183			1,434		—			13,617
Income tax provision		167			550		—			717
Net income		$12,016			$884		$—			$12,900
Net income attributable to noncontrolling interests		(5,901	)		—		—			(5,901	)
Net income attributable to Capital Trust, Inc.		$6,115			$884		$—			$6,999
Total assets		$556,003			$25,194		$—			$581,197

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, September 30, 2011 (in thousands):

	Balance Sheet			Investment			Inter-Segment
	Investment			Management			Activities			Total
Income from loans and other investments:
Interest and related income		$25,642			$—			$—			$25,642
Less: Interest and related expenses		21,838			—			—			21,838
Income from loans and other investments, net		3,804			—			—			3,804
Other revenues:
Management fees from affiliates		—			2,372			(619	)		1,753
Servicing fees		—			1,671			(211	)		1,460
Total other revenues		—			4,043			(830	)		3,213
Other expenses:
General and administrative		2,427			3,344			(830	)		4,941
Total other expenses		2,427			3,344			(830	)		4,941
Total other-than-temporary impairments of securities		(30,687	)		—			—			(30,687	)
Portion of other-than-temporary impairments of securities recognized in other comprehensive income		173			—			—			173
Impairment of real estate held-for-sale		(1,055	)		—			—			(1,055	)
Net impairments recognized in earnings		(31,569	)		—			—			(31,569	)
Recovery of provision for loan losses		17,152			—			—			17,152
Gain on extinguishment of debt		20,054			—			—			20,054
Income from equity investments in unconsolidated subsidiaries		—			307			—			307
Income before income taxes		7,014			1,006			—			8,020
Income tax provision (benefit)		703			(939	)		—			(236	)
Net income		$6,311			$1,945			$—			$8,256
Net loss attributable to noncontrolling interests		5,466			—			—			5,466
Net income attributable to Capital Trust, Inc.		$11,777			$1,945			$—			$13,722
Total assets		$1,528,441			$11,448			$—			$1,539,889