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OPERATING SEGMENTS
 3 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
OPERATING SEGMENTS
OPERATING SEGMENTS
The Company’s operations include three reportable operating segments that reflect the way the Company manages its operations and makes business decisions.  In addition to its reporting operating segments, certain other activities are reported in the “all other” category.  Summarized operating segment data are as follows (in thousands):
 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Three Months Ended December 31, 2012:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
13,133

 
$
1,371

 
$
—

 
$
—

 
$
14,504

Equity in earnings (losses) of unconsolidated entities
21

 
1,304

 
(124
)
 
—

 
1,201

Total revenues
13,154

 
2,675

 
(124
)
 
—

 
15,705

Segment operating expenses
(7,998
)
 
(1,017
)
 
49

 
—

 
(8,966
)
General and administrative expenses
(83
)
 
(578
)
 
—

 
(1,595
)
 
(2,256
)
Provision for credit losses
(190
)
 
(457
)
 
(4,505
)
 
—

 
(5,152
)
Depreciation and amortization
(308
)
 
(22
)
 
—

 
(162
)
 
(492
)
Interest expense
(212
)
 
—

 
—

 
(310
)
 
(522
)
Other income (expense), net
163

 
523

 
—

 
(98
)
 
588

Pretax income attributable to noncontrolling interests (2)
(865
)
 
—

 
—

 
—

 
(865
)
Income (loss) excluding noncontrolling interest before intercompany interest expense and taxes
3,661

 
1,124

 
(4,580
)
 
(2,165
)
 
(1,960
)
Intercompany interest (expense) income
—

 
—

 
—

 
—

 
—

Income (loss) from continuing operations excluding noncontrolling interest before taxes
$
3,661

 
$
1,124

 
$
(4,580
)
 
$
(2,165
)
 
$
(1,960
)

 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Three Months Ended December 31, 2011:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
8,060

 
$
5,913

 
$
4,134

 
$
—

 
$
18,107

Equity in earnings (losses) of unconsolidated entities
606

 
666

 
(715
)
 
—

 
557

Total revenues
8,666

 
6,579

 
3,419

 
—

 
18,664

Segment operating expenses
(7,192
)
 
(5,804
)
 
(1,963
)
 
—

 
(14,959
)
General and administrative expenses
(78
)
 
(869
)
 
—

 
(1,949
)
 
(2,896
)
Gain on sale of leases and loans
—

 
—

 
37

 
—

 
37

Provision for credit losses
(104
)
 
—

 
(2,146
)
 
—

 
(2,250
)
Depreciation and amortization
(323
)
 
(37
)
 
(1,556
)
 
(145
)
 
(2,061
)
Gain on deconsolidation of subsidiary
—

 
—

 
8,749

 
—

 
8,749

Loss on extinguishment of debt
—

 
—

 
—

 
(2,190
)
 
(2,190
)
Gain on sale of investment securities, net
—

 
41

 
—

 
17

 
58

Interest expense
(215
)
 
—

 
(1,691
)
 
(1,068
)
 
(2,974
)
Other income (expense), net
117

 
577

 
—

 
(135
)
 
559

Pretax loss attributable to noncontrolling interests (2)
(25
)
 
—

 
(224
)
 
—

 
(249
)
Income (loss) excluding noncontrolling interests before intercompany interest expense and taxes
846

 
487

 
4,625

 
(5,470
)
 
488

Intercompany interest (expense) income
—

 
—

 
(29
)
 
29

 
—

Income (loss) from continuing operations excluding noncontrolling interests before taxes
$
846

 
$
487

 
$
4,596

 
$
(5,441
)
 
$
488


 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Segment assets
 

 
 

 
 

 
 

 
 

December 31, 2012
$
170,900

 
$
77,225

 
$
11,876

 
$
(69,671
)
 
$
190,330

December 31, 2011
162,757

 
36,927

 
30,516

 
(51,865
)
 
178,335

 
(1)
Includes general corporate expenses and assets not allocable to any particular segment.
(2)
In viewing its segment operations, management excludes the pretax (income) loss attributable to noncontrolling interests.  However, these interests are included from (loss) income from operations as computed in accordance with U.S. GAAP and should be deducted to compute (loss) income from operations as reflected in the Company’s consolidated statements of operations.
Geographic information.  There were no revenues generated from the Company's European operations during the three months ended December 31, 2012 and 2011. Included in segment assets as of December 31, 2012 and 2011 were $664,000 and $1.5 million, respectively, of European assets.
Major customer.  During the three months ended December 31, 2012 and 2011, the management, incentive and other fees that the Company received from RSO were 31%, and 21%, respectively, of its consolidated revenues.  These fees have been reported as revenues by each of the Company’s operating segments.