Discontinued Operations

12 Months Ended

Dec. 31, 2012

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 9. Discontinued Operations

As more fully described in Note 1, we sold our investment management business 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 income from discontinued operations on our consolidated statement of operations.

The following table provides additional information on the components of discontinued operations for the years ended December 31, 2012, 2011, and 2010 (in thousands):

	Year Ended December 31,
Discontinued Operations	2012			2011			2010
Servicing fees		$9,686			$8,497			$6,404
Management fees from affiliates		6,312			6,618			7,808
Incentive management fees from affiliates		—			—			733
Total revenues		15,998			15,115			14,945
General and administrative expenses		12,938			14,884			12,762
Income from discontinued operations before income taxes		3,060			231			2,183
Income tax provision		(5,198	)		(1,121	)		(2,086	)
(Loss) income from discontinued operations		($2,138	)		($890	)		$97
Loss on sale of discontinued operations		($271	)		$—			$—
(Loss) income from discontinued operations per share of common stock:
Basic		($0.10	)		($0.04	)		$0.01
Diluted		($0.10	)		($0.04	)		$0.01