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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 22,278 $ 57,810
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 996  
Provision for credit losses 1,985 8,660
Other-than-temporary impairment on investments 214 74
Unrealized gain on trading securities (484) (175)
Equity in (earnings) losses of unconsolidated entities (1,144) 56
Distributions from unconsolidated entities 1,566  
Gain on sale of investment securities, net (1,716)  
Gain on sale of assets (1,623)  
Gain on sale and deconsolidation of subsidiaries   (54,682)
Deferred income tax (benefit) provision (1,657)  
Equity-based compensation issued 610  
Trading securities purchases and sales, net (618)  
Loss from discontinued operations 2 30
Changes in operating assets and liabilities 2,007  
Changes in cash attributable to operations of consolidated VIE- RSO (59,968)  
Net cash (used in) provided by operating activities (37,552) 19,232
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (474)  
Payments received on real estate loans and real estate 2,049  
Investments in real estate and unconsolidated real estate entities (997)  
Principal (returns) payments on leases and loans (3)  
Purchase of loans and investments (1,522)  
Principal payments and proceeds from sales received by consolidated VIE - RSO 584,563  
(Increase) decrease in restricted cash of consolidated VIE - RSO (5,926)  
Other investing activity of consolidated VIE - RSO (14,022)  
Net cash provided by investing activities 89,958 62,855
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,000  
Principal payments on borrowings (2,243)  
Dividends paid (1,183)  
Proceeds from issuance of common stock 1,253  
Repurchase of common stock (54) (16)
Net repayments of debt by consolidated VIE - RSO (182,637)  
Dividends paid on common stock of consolidated VIE - RSO (42,542)  
Net proceeds from issuance of equity by consolidated VIE - RSO 179,826  
Net cash used in financing activities (51,637) (74,672)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Operating activities (495) (549)
Net cash used in discontinued operations (495) (549)
Increase in cash 274 6,866
Cash, beginning of year 11,899 12,803
Cash, end of period 12,173 19,669
Consolidated Entity Excluding RSO [Member]
   
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income   57,810
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 996 1,193
Provision for credit losses 1,985 8,660
Other-than-temporary impairment on investments 214 74
Unrealized gain on trading securities (484) (175)
Equity in (earnings) losses of unconsolidated entities (1,144) 56
Distributions from unconsolidated entities 1,566 1,578
Gain on sale of investment securities, net (1,716) (21)
Gain on sale of assets (1,623) 0
Gain on sale and deconsolidation of subsidiaries 0 (54,682)
Deferred income tax (benefit) provision (1,657) 17,169
Equity-based compensation issued 610 561
Trading securities purchases and sales, net (618) (3,470)
Loss from discontinued operations 2 30
Changes in operating assets and liabilities 2,007 (2,615)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (474) (41)
Payments received on real estate loans and real estate 2,049 30
Investments in real estate and unconsolidated real estate entities (997) (981)
Principal (returns) payments on leases and loans (3) 10
Proceeds from sale of Apidos, net of transaction costs and cash divested on deconsolidation 0 17,864
Purchase of loans and investments (1,522) 0
Proceeds from sale of loans and investments 0 55
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in borrowings 2,000 0
Principal payments on borrowings (2,243) (5,510)
Dividends paid (1,183) (1,151)
Proceeds from issuance of common stock 1,253 1,056
Repurchase of common stock (54) (16)
Other financing activity 228 (39)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Cash, beginning of year 11,899  
Cash, end of period 12,173  
VIE - RSO [Member]
   
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Changes in cash attributable to operations of consolidated VIE- RSO (59,968) (6,936)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of loans and investments (473,710) (379,707)
Principal payments and proceeds from sales received by consolidated VIE - RSO 584,563 358,453
(Increase) decrease in restricted cash of consolidated VIE - RSO (5,926) 64,085
Other investing activity of consolidated VIE - RSO (14,022) 3,087
CASH FLOWS FROM FINANCING ACTIVITIES:    
Dividends paid   (35,885)
Other financing activity (6,285) (1,805)
Net repayments of debt by consolidated VIE - RSO (182,637) (69,436)
Dividends paid on common stock of consolidated VIE - RSO (42,542) (35,885)
Net proceeds from issuance of equity by consolidated VIE - RSO $ 179,826 $ 38,114