XML 90 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
OPERATING SEGMENTS (Tables)
 6 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Summarized Operating Segment Data
Summarized operating segment data are as follows (in thousands):
 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Three Months Ended March 31, 2013:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
11,320

 
$
2,868

 
$
—

 
$
—

 
$
14,188

Equity in earnings (losses) of unconsolidated entities
20

 
1,419

 
(178
)
 
—

 
1,261

Total revenues
11,340

 
4,287

 
(178
)
 
—

 
15,449

Segment operating expenses
(9,440
)
 
(2,528
)
 
(45
)
 
—

 
(12,013
)
General and administrative expenses
(1,404
)
 
9

 
—

 
(762
)
 
(2,157
)
Provision for credit losses
2,522

 
—

 
(2,860
)
 
—

 
(338
)
Depreciation and amortization
(230
)
 
(20
)
 
—

 
(166
)
 
(416
)
Other-than-temporary impairment on investments
—

 
(214
)
 
—

 
—

 
(214
)
Interest expense
(197
)
 
—

 
(1
)
 
(296
)
 
(494
)
Other income (expense), net
297

 
589

 
6

 
(152
)
 
740

Pretax loss attributable to noncontrolling interests (2)
43

 
—

 
—

 
—

 
43

Income (loss) from continuing operations excluding noncontrolling interest before taxes
$
2,931

 
$
2,123

 
$
(3,078
)
 
$
(1,376
)
 
$
600


 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Six Months Ended March 31, 2013:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
24,453

 
$
4,239

 
$
—

 
$
—

 
$
28,692

Equity in earnings (losses) of unconsolidated entities
41

 
2,723

 
(302
)
 
—

 
2,462

Total revenues
24,494

 
6,962

 
(302
)
 
—

 
31,154

Segment operating expenses
(17,438
)
 
(3,545
)
 
4

 
—

 
(20,979
)
General and administrative expenses
(1,487
)
 
(569
)
 
—

 
(2,357
)
 
(4,413
)
Provision for credit losses
2,332

 
(457
)
 
(7,365
)
 
—

 
(5,490
)
Depreciation and amortization
(538
)
 
(42
)
 
—

 
(328
)
 
(908
)
Other-than-temporary impairment on investments
—

 
(214
)
 
—

 
—

 
(214
)
Interest expense
(409
)
 
—

 
(1
)
 
(606
)
 
(1,016
)
Other income (expense), net
460

 
1,112

 
6

 
(250
)
 
1,328

Pretax income attributable to noncontrolling interests (2)
(822
)
 
—

 
—

 
—

 
(822
)
Income (loss) from continuing operations excluding noncontrolling interests before taxes
$
6,592

 
$
3,247

 
$
(7,658
)
 
$
(3,541
)
 
$
(1,360
)


 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Three Months Ended March 31, 2012:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
9,681

 
$
5,428

 
$
—

 
$
—

 
$
15,109

Equity in earnings (losses) of unconsolidated entities
35

 
876

 
(1,240
)
 
—

 
(329
)
Total revenues
9,716

 
6,304

 
(1,240
)
 
—

 
14,780

Segment operating expenses
(7,407
)
 
(4,379
)
 
(230
)
 
—

 
(12,016
)
Restructuring expenses
—

 
—

 
—

 
(365
)
 
(365
)
General and administrative expenses
(94
)
 
(604
)
 
—

 
(1,769
)
 
(2,467
)
Provision for credit losses
(103
)
 
—

 
(2,859
)
 
—

 
(2,962
)
Depreciation and amortization
(324
)
 
(37
)
 
—

 
(174
)
 
(535
)
Gain on sale of investment securities, net
—

 
—

 
—

 
5

 
5

Other-than-temporary impairment losses recognized in earnings
—

 
(74
)
 
—

 
—

 
(74
)
Interest expense
(213
)
 
—

 
(36
)
 
(396
)
 
(645
)
Other income (expense), net
129

 
538

 
—

 
(42
)
 
625

Pretax loss attributable to noncontrolling interests (2)
39

 
—

 
—

 
—

 
39

Income (loss) from continuing operations excluding noncontrolling interest before taxes
$
1,743

 
$
1,748

 
$
(4,365
)
 
$
(2,741
)
 
$
(3,615
)


 
Real Estate
 
Financial Fund Management
 
Commercial Finance
 
All Other (1)
 
Total
Six Months Ended March 31, 2012:
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
17,741

 
$
11,341

 
$
4,134

 
$
—

 
$
33,216

Equity in earnings (losses) of unconsolidated entities
641

 
1,542

 
(1,955
)
 
—

 
228

Total revenues
18,382

 
12,883

 
2,179

 
—

 
33,444

Segment operating expenses
(14,599
)
 
(10,183
)
 
(2,193
)
 
—

 
(26,975
)
Restructuring expenses
—

 
—

 
—

 
(365
)
 
(365
)
General and administrative expenses
(172
)
 
(1,473
)
 
—

 
(3,718
)
 
(5,363
)
Gain on sale of leases and loans
—

 
—

 
37

 
—

 
37

Provision for credit losses
(207
)
 
—

 
(5,005
)
 
—

 
(5,212
)
Depreciation and amortization
(647
)
 
(74
)
 
(1,556
)
 
(319
)
 
(2,596
)
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

 
—

 
22

 
63

Other-than-temporary impairment on investments
—

 
(74
)
 
—

 
—

 
(74
)
Interest expense
(428
)
 
—

 
(1,727
)
 
(1,464
)
 
(3,619
)
Other income (expense), net
246

 
1,115

 
—

 
(177
)
 
1,184

Pretax loss (income) attributable to noncontrolling interests (2)
14

 
—

 
(224
)
 
—

 
(210
)
Income (loss) excluding noncontrolling interests before intercompany interest expense and taxes
2,589

 
2,235

 
260

 
(8,211
)
 
(3,127
)
Intercompany interest (expense) income
—

 
—

 
(29
)
 
29

 
—

Income (loss) from continuing operations excluding noncontrolling interest before taxes
$
2,589

 
$
2,235

 
$
231

 
$
(8,182
)
 
$
(3,127
)

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

 
 

 
 

 
 

 
 

March 31, 2013
$
171,843

 
$
77,621

 
$
8,507

 
$
(68,444
)
 
$
189,527

March 31, 2012
164,897

 
30,685

 
26,407

 
(53,497
)
 
168,492

 
(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.