XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
0 Months Ended 1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 17, 2011
Oct. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2009
Mar. 31, 2011
Mar. 31, 2010
Jun. 30, 2011
Jun. 30, 2010
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
REVENUES:                                      
Total revenues   $ 39,374 $ 47,889 $ 35,811 $ 39,996 $ 42,430 $ 45,944 $ 43,276 $ 35,282 $ 25,238 $ 19,400 $ 25,422 $ 78,558 $ 44,822 $ 124,502 $ 70,060 $ 170,900 $ 166,932 $ 88,728
COSTS AND EXPENSES:                                      
Restructuring expenses                                 365    
General and administrative                                 10,460 11,522  
(Gain) loss on sale of leases and loans                                 (37) (659)  
Impairment charges                                 2,280    
Provision for credit losses                                 17,246 10,661 5,209
Depreciation and amortization                                 3,653 10,739  
Costs and expenses             30,874 37,380 26,878 30,372 21,276 21,002 64,258 42,278 95,132 72,650 130,626 131,539 96,920
OPERATING INCOME (LOSS)   3,985 16,238 5,810 13,478 6,023 15,070 5,896 8,404 (5,134) (1,876) 4,420 14,300 2,544 29,370 (2,590) 40,274 35,393 (8,192)
OTHER INCOME (EXPENSE):                                      
Gain on deconsolidation and sale of subsidiaries                                 63,291    
Loss on extinguishment of debt                                 (2,190)    
Gain on sale of management contract                                   6,520  
(Loss) gain on sale of investment securities, net                                 63 (1,198)  
Other-than-temporary impairment on investments                                 (74)    
Interest expense                                 (4,741) (15,343)  
Other income (expense), net             (201) (4,460) 3,215 (2,859) (3,955) (3,247) (1,245) (7,202) (1,446) (10,061) 75,702 (6,153) (11,755)
Income (loss) from continuing operations before taxes             14,869 1,436 11,619 (7,993) (5,831) 1,173 13,055 (4,658) 27,924 (12,651) 115,976 29,240 (19,947)
Income tax provision (benefit) - RAI             1,440 (119) 1,167       1,048   2,488   28,114 7,429  
Income (loss) from continuing operations   (239) 15,622 46,215 11,625 (3,625) 13,429 1,555 10,452 (6,589) (1,845)   12,007 (1,257) 25,436 (7,846) 87,862 21,811 (17,297)
(Loss) income from discontinued operations, net of tax             (23) (2,153)   (1) (2)   (2,153) (2) (2,176) (3) (58) (2,202) 622
Net income (loss)   (259) 15,614 46,201 11,609 (3,651) 13,406 (598) 10,452 (6,590) (1,847) 588 9,854 (1,259) 23,260 (7,849) 87,804 19,609 (16,675)
Net loss attributable to noncontrolling interests             513 513 625 1,275 615   1,138 998 1,651 2,273 223 2,111  
Net income (loss) attributable to common shareholders   (433) (2,267) 30,211 (2,382) (3,591) (517) (8,953) (1,502) (5,315) (1,232) 971 (10,455) (261) (10,972) (5,576) 25,507 (14,563) (13,451)
Amounts attributable to common shareholders:                                      
Income (loss) from continuing operations             (494) (6,800) (1,502) (5,314) (1,230)   (8,302) (259) (8,796) (5,573) 25,565 (12,361) (14,073)
Discontinued operations (2,200) (20) (8) (14) (16) (26) (23) (2,153) 0 (1) (2)   (2,153) (2) (2,176) (3) (58) (2,202) 622
Net income (loss)   (433) (2,267) 30,211 (2,382) (3,591) (517) (8,953) (1,502) (5,315) (1,232) 971 (10,455) (261) (10,972) (5,576) 25,507 (14,563) (13,451)
Basic earnings (loss) per share:                                      
Continuing operations (in dollars per share)   $ (0.02) $ (0.11) $ 1.52 $ (0.12)       $ (80.00)     $ 50.00         $ 1.29 $ (0.64) $ (0.74)
Discontinued operations (in dollars per share)   $ 0.00 $ 0.00 $ 0.00 $ 0.00                       $ 0.00 $ (0.11) $ 0.03
Net income (loss) (in dollars per share)   $ (0.02) $ (0.11) $ 1.52 $ (0.12)                       $ 1.29 $ (0.75) $ (0.71)
Weighted average shares outstanding (in shares)                 19,076     18,689         19,740 19,525 18,942
Diluted earnings (loss) per share:                                      
Continuing operations (in dollars per share)   $ (0.02) $ (0.11) $ 1.44 $ (0.12)       $ (80.00)     $ 50.00         $ 1.24 $ (0.64) $ (0.74)
Discontinued operations (in dollars per share)   $ 0.00 $ 0.00 $ 0.00 $ 0.00     $ (0.11)                 $ 0.00 $ (0.11) $ 0.03
Net income (loss) (in dollars per share)   $ (0.02) $ (0.11) $ 1.44 $ (0.12)                       $ 1.24 $ (0.75) $ (0.71)
Weighted average shares outstanding (in shares)             19,741 19,355 19,076 19,140 19,089 18,962 19,213 18,888 19,389 18,972 20,634 19,525 18,942
RSO [Member]
                                     
REVENUES:                                      
Real estate (includes revenues of $10,667 and $6,968 related to RSO)                                 10,667,000 6,968,000  
Financial fund management (includes revenues of $7,424 and $5,536 related to RSO)                                 7,424,000 5,536,000  
Commercial finance (includes revenues of $0 and $144 related to RSO)                                 0 144,000  
OTHER INCOME (EXPENSE):                                      
Income tax provision (benefit) - RAI             1,289 1,171 1,809 0 0 0 2,980 0 4,269 0 14,602 12,036 0
Net loss attributable to noncontrolling interests   (367) (17,917) (15,945) (14,030) (400) (14,436) (8,868) (12,579) 0 0 0 (21,447) 0 (35,883) 0 (62,520) (36,283) 0
Reportable Legal Entities [Member] | RSO [Member]
                                     
REVENUES:                                      
Real estate (includes revenues of $10,667 and $6,968 related to RSO)             2,085 1,202 1,363 2,945 880 1,793 2,565 2,673 4,650 5,618      
Financial fund management (includes revenues of $7,424 and $5,536 related to RSO)             721 1,535 2,402 1,257 267 672 3,937 939 4,658 2,197      
Commercial finance (includes revenues of $0 and $144 related to RSO)             0   144 139   24     144 287      
Total revenues   25,211 35,669 26,262 28,726 25,211 21,987 26,150 22,638 0 0 0 48,788 0 70,775 0 123,698 95,986 0
COSTS AND EXPENSES:                                      
Restructuring expenses                                 0    
General and administrative                                 0 0  
(Gain) loss on sale of leases and loans                                 0 0  
Impairment charges                                 0    
Provision for credit losses                                 0 0  
Depreciation and amortization                                 0 0  
Costs and expenses             9,631 15,743 7,698 0 0 0 23,441 0 33,072 0 63,850 50,103 0
OTHER INCOME (EXPENSE):                                      
Gain on deconsolidation and sale of subsidiaries                                 0    
Loss on extinguishment of debt                                 0    
Gain on sale of management contract                                   0  
(Loss) gain on sale of investment securities, net                                 0 0  
Other-than-temporary impairment on investments                                 0    
Interest expense                                 0 0  
Other (expense) income                                 19,197 3,869 0
Other income (expense), net             3,875 (17) 11 0 0 0 (6) 0 3,869 0 19,197 3,869  
Net loss attributable to noncontrolling interests                                 (62,520)    
Consolidation, Eliminations [Member]
                                     
REVENUES:                                      
Total revenues   (4,501) (4,988) (4,235) (3,510) (4,181) (3,632) (3,221) (4,036) 0 0 0 (7,257) 0 (10,889) 0 (17,234) (15,070) 0
COSTS AND EXPENSES:                                      
Restructuring expenses                                 0    
General and administrative                                 0 0  
(Gain) loss on sale of leases and loans                                 0 0  
Impairment charges                                 0    
Provision for credit losses                                 0 0  
Depreciation and amortization                                 0 0  
Costs and expenses             (2,582) (2,389) (3,110) 0 0 0 (5,499) 0 (8,081) 0 (16,360) (11,061) 0
OTHER INCOME (EXPENSE):                                      
Gain on deconsolidation and sale of subsidiaries                                 0    
Loss on extinguishment of debt                                 0    
Gain on sale of management contract                                   0  
(Loss) gain on sale of investment securities, net                                 0 0  
Other-than-temporary impairment on investments                                 0    
Interest expense                                 0 0  
Other (expense) income                                 227 212 0
Other income (expense), net             $ 34 $ 36 $ 39 $ 0 $ 0 $ 0 $ 75 $ 0 $ 109 $ 0 $ 227 $ 212