Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2014

Assets and Liabilities and Statements of Operations of Discontinued Operation

The following tables present the assets and liabilities, as of March 31, 2014 and December 31, 2013, and financial results for the three months ended March 31, 2014 and 2013, of the components of the Company designated as discontinued operations as of March 31, 2014 (see Note 15 — Subsequent Events for additional information about changes to discontinued operations):

Assets and Liabilities of Discontinued Operations

	March 31,		December 31,
(Dollars in thousands)	2014		2013
Current assets:
Cash and cash equivalents	$	121	$	139
Inventory		—		432
Real estate owned, net		—		75
Settlement receivable		1,500		—
Other current assets		142		45
Total current assets of discontinued operations		1,763		691
Intangible assets, net		196		196
Goodwill		400		400
Assets of discontinued operations	$	2,359	$	1,287
Current liabilities:
Judgment and accrued interest	$	1,877	$	1,877
Trade payables		230		254
Unclaimed property		6		19
Other current liabilities		172		135
Total current liabilities of discontinued operations		2,285		2,285
Repurchase reserve		6,250		6,500
Liabilities of discontinued operations	$	8,535	$	8,785

Statements of Operations of Discontinued Operations

	Three Months Ended March 31,
(Dollars in thousands)	2014		2013
Operating revenues and other income (expense)	$	1,824	$	60
Operating costs		982		666
Earnings (loss) from discontinued operations before income taxes		842		(606	)
Income tax expense (benefit)		1		(1	)
Earnings (loss) from discontinued operations, net of income taxes	$	841	$	(605	)