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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Investment in real estate, net $ 332,624 $ 314,620
Cash and cash equivalents 192,083 241,111
Investments 111,268 175,725
Restricted investments 4,469 5,636
Income tax receivable 8,371 27,057
Claim settlement receivable 5,280 7,804
Other assets 47,133 38,410
Property and equipment, net of accumulated depreciation of $60,697 and $59,404 at December 31, 2017 and 2016, respectively 11,776 8,992
Investments held by special purpose entities 207,989 208,590
Total assets 920,993 1,027,945
Liabilities:    
Debt 55,630 55,040
Other liabilities 47,259 40,950
Deferred tax liabilities, net 48,983 68,846
Senior Notes held by special purpose entity 176,537 176,310
Total liabilities 328,409 341,146
Equity:    
Common stock, no par value; 180,000,000 shares authorized; 65,897,866 and 74,342,826 issued and outstanding at December 31, 2017 and 2016, respectively 424,694 572,040
Retained earnings 154,324 94,746
Accumulated other comprehensive (loss) income (1,461) 2,507
Total stockholders’ equity 577,557 669,293
Non-controlling interest 15,027 17,506
Total equity 592,584 686,799
Total liabilities and equity 920,993 1,027,945
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Investment in real estate, net 58,441 63,362
Cash and cash equivalents 5,084 3,965
Other assets 11,889 13,209
Investments held by special purpose entities 207,989 208,590
Total assets 283,403 289,126
Liabilities:    
Debt 46,783 47,519
Other liabilities 4,357 4,275
Senior Notes held by special purpose entity 176,537 176,310
Total liabilities $ 227,677 $ 228,104