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OPERATING SEGMENTS
 12 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
OPERATING SEGMENTS
OPERATING SEGMENTS
The Company manages its operations and makes business decisions based on three reportable operating segments, Real Estate, Financial Fund Management and Commercial Finance, and one segment, RSO, which is a consolidated VIE.  Certain other activities are reported in the “All Other” category and Eliminations in the tables in order for the information presented about the Company's operating segments to agree to the consolidated balance sheets and statements of operations. Summarized operating segment data are as follows (in thousands):
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Fiscal Year Ended September 30, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
38,162

 
$
18,700

 
$
4,135

 
$
—

 
$
60,997

 
$
123,698

 
$
(17,234
)
 
$
167,461

Equity in earnings (losses) of unconsolidated entities
2,433

 
3,257

 
(2,251
)
 
—

 
3,439

 
—

 
—

 
3,439

Total revenues
40,595

 
21,957

 
1,884

 
—

 
64,436

 
123,698

 
(17,234
)
 
170,900

Segment operating expenses
(29,669
)
 
(17,086
)
 
(2,414
)
 
—

 
(49,169
)
 
(63,850
)
 
16,360

 
(96,659
)
Restructuring expenses
—

 
—

 
—

 
(365
)
 
(365
)
 
—

 
—

 
(365
)
General and administrative expenses
(356
)
 
(2,683
)
 
—

 
(7,421
)
 
(10,460
)
 
—

 
—

 
(10,460
)
Gain on sale of leases and loans
—

 
—

 
37

 
—

 
37

 
—

 
—

 
37

Impairment charges
(2,280
)
 
—

 
—

 
—

 
(2,280
)
 
—

 
—

 
(2,280
)
Provision for credit losses
(342
)
 
—

 
(16,904
)
 
—

 
(17,246
)
 
—

 
—

 
(17,246
)
Depreciation and amortization
(1,303
)
 
(126
)
 
(1,556
)
 
(668
)
 
(3,653
)
 
—

 
—

 
(3,653
)
Gain on sale and deconsolidation of subsidiaries
—

 
54,542

 
8,749

 
—

 
63,291

 
—

 
—

 
63,291

Loss on extinguishment of debt
—

 
—

 
—

 
(2,190
)
 
(2,190
)
 
—

 
—

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

 
41

 
—

 
22

 
63

 
—

 
—

 
63

Impairment loss recognized in earnings
—

 
(74
)
 
—

 
—

 
(74
)
 
—

 
—

 
(74
)
Interest expense
(856
)
 
—

 
(1,749
)
 
(2,136
)
 
(4,741
)
 
—

 
—

 
(4,741
)
Other income (expense), net
522

 
2,104

 
—

 
(523
)
 
2,103

 
19,197

 
(1,947
)
 
19,353

Pretax loss (income) attributable to noncontrolling interests (2)
5

 
—

 
(224
)
 
—

 
(219
)
 
(1,244
)
 
(60,705
)
 
(62,168
)
Income (loss) including noncontrolling interest before intercompany interest expense and taxes
6,316

 
58,675

 
(12,177
)
 
(13,281
)
 
39,533

 
77,801

 
(63,526
)
 
53,808

Intercompany interest (expense) income
—

 
—

 
(29
)
 
29

 
—

 
—

 
—

 
—

Income (loss) from continuing operations including noncontrolling interests before taxes
$
6,316

 
$
58,675

 
$
(12,206
)
 
$
(13,252
)
 
$
39,533

 
$
77,801

 
$
(63,526
)
 
$
53,808


 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Fiscal Year Ended September 30, 2011:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
30,275

 
$
22,904

 
$
22,460

 
$
—

 
$
75,639

 
$
95,986

 
$
(15,070
)
 
$
156,555

Equity in earnings (losses) of unconsolidated entities
8,105

 
2,937

 
(665
)
 
—

 
10,377

 
—

 
—

 
10,377

Total revenues
38,380

 
25,841

 
21,795

 
—

 
86,016

 
95,986

 
(15,070
)
 
166,932

Segment operating expenses
(24,465
)
 
(20,562
)
 
(15,207
)
 
—

 
(60,234
)
 
(50,103
)
 
11,061

 
(99,276
)
General and administrative expenses
(327
)
 
(3,176
)
 
—

 
(8,019
)
 
(11,522
)
 
—

 
—

 
(11,522
)
Gain on sale of leases and loans
—

 
—

 
659

 
—

 
659

 
—

 
—

 
659

Provision for credit losses
(2,193
)
 
—

 
(8,468
)
 
—

 
(10,661
)
 
—

 
—

 
(10,661
)
Depreciation and amortization
(1,279
)
 
(164
)
 
(8,766
)
 
(530
)
 
(10,739
)
 
—

 
—

 
(10,739
)
Gain on sale of management contract
—

 
6,520

 
—

 
—

 
6,520

 
—

 
—

 
6,520

(Loss) gain on sale of investment securities, net
—

 
(1,384
)
 
—

 
186

 
(1,198
)
 
—

 
—

 
(1,198
)
Interest expense
(1,109
)
 
—

 
(8,563
)
 
(5,671
)
 
(15,343
)
 
—

 
—

 
(15,343
)
Other income (expense), net
544

 
2,590

 
13

 
(905
)
 
2,242

 
3,869

 
(2,243
)
 
3,868

Pretax loss attributable to noncontrolling interests (2)
52

 
—

 
99

 
—

 
151

 
—

 
(33,373
)
 
(33,222
)
Income (loss) including noncontrolling interest before intercompany interest expense and taxes
9,603

 
9,665

 
(18,438
)
 
(14,939
)
 
(14,109
)
 
49,752

 
(39,625
)
 
(3,982
)
Intercompany interest (expense) income
—

 
—

 
(1,678
)
 
1,678

 
—

 
—

 
—

 
—

Income (loss) from continuing operations including noncontrolling interests before taxes
$
9,603

 
$
9,665

 
$
(20,116
)
 
$
(13,261
)
 
$
(14,109
)
 
$
49,752

 
$
(39,625
)
 
$
(3,982
)


 
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
Fiscal Year Ended September 30, 2010:
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
 
$
31,042

 
$
27,243

 
$
25,573

 
$
—

 
$
83,858

Equity in earnings (losses) of unconsolidated entities
 
869

 
5,897

 
(1,896
)
 
—

 
4,870

Total revenues
 
31,911

 
33,140

 
23,677

 
—

 
88,728

Segment operating expenses
 
(20,780
)
 
(21,028
)
 
(18,164
)
 
—

 
(59,972
)
General and administrative expenses
 
(316
)
 
(3,668
)
 
(428
)
 
(8,560
)
 
(12,972
)
Loss on sale of leases and loans
 
—

 
—

 
(8,097
)
 
—

 
(8,097
)
Impairment of intangible assets
 
—

 
—

 
(2,828
)
 
—

 
(2,828
)
Provision for credit losses
 
(49
)
 
(1
)
 
(5,159
)
 
—

 
(5,209
)
Depreciation and amortization
 
(1,304
)
 
(196
)
 
(5,693
)
 
(649
)
 
(7,842
)
Other-than-temporary impairment losses recognized in earnings
 
—

 
(480
)
 
—

 
(329
)
 
(809
)
Interest expense
 
(1,074
)
 
(3
)
 
(6,271
)
 
(5,738
)
 
(13,086
)
Loss on sale of loans and investment securities, net
 
—

 
(451
)
 
—

 
—

 
(451
)
Other income (expense), net
 
387

 
2,429

 
1

 
(226
)
 
2,591

Pretax loss attributable to noncontrolling interests (2)
 
61

 
8

 
4,854

 
—

 
4,923

Income (loss) including noncontrolling interest before intercompany interest expense and taxes
 
8,836

 
9,750

 
(18,108
)
 
(15,502
)
 
(15,024
)
Intercompany interest (expense) income
 
—

 
—

 
(6,115
)
 
6,115

 
—

Income (loss) from continuing operations including noncontrolling interests before taxes
 
$
8,836

 
$
9,750

 
$
(24,223
)
 
$
(9,387
)
 
$
(15,024
)
Segment assets
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
2012
 
$
169,727

 
$
82,862

 
$
15,497

 
$
(71,343
)
 
$
196,743

 
$
2,478,251

 
$
(30,731
)
 
$
2,644,263

2011
 
$
162,950

 
$
39,246

 
$
260,808

 
$
(40,498
)
 
$
422,506

 
$
2,284,724

 
$
(70,245
)
 
$
2,636,985

2010
 
$
155,434

 
$
36,647

 
$
81,053

 
$
(38,881
)
 
$
234,253

 
$
—

 
$
—

 
$
234,253

 
(1)
Includes general corporate expenses and assets not allocable to any particular segment.
(2)
In viewing its segment operations, management includes the pretax (income) loss attributable to noncontrolling interests.  However, these interests are excluded 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 fiscal 2012. During fiscal 2011, the Company recognized a $5.1 million net gain on the sale of its management contract with, and equity investment in, REMI I.  Revenues generated from the Company’s European operations totaled $2.3 million for fiscal 2010.  Included in segment assets as of September 30, 2012, 2011 and 2010 were $726,000, $5.4 million and $7.1 million, respectively, of European assets.