FINANCING RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2013

Aging of the Company's Past Due Financing Receivables, Gross of Allowances for Credit Losses

The following table is the aging of the Company’s past due financing receivables (presented gross of allowance for credit losses) as of December 31, 2013 (in thousands):



	30-89 Days Past Due		Greater than 90 Days		Greater than 181 Days		Total Past Due		Current		Total
Receivables from managed entities and related parties: ⁽¹⁾
Commercial finance investment entities	$	—	$	—	$	44,355	$	44,355	$	48	$	44,403
Real estate investment entities	793		1,229		16,323		18,345		3,142		21,487
Financial fund management entities	35		3		29		67		1,071		1,138
Other	33		21		—		54		70		124
	861		1,253		60,707		62,821		4,331		67,152
Rent receivables - real estate	14		4		10		28		63		91
Total financing receivables	$	875	$	1,257	$	60,717	$	62,849	$	4,394	$	67,243


(1)	Receivables are presented gross of an allowance for credit losses of $36.2 million related to the Company’s commercial finance investment entities. The remaining receivables from managed entities and related parties have no related allowance for credit losses.

The following table is the aging of the Company’s past due financing receivables (presented gross of allowance for credit losses) as of December 31, 2012 (in thousands):



	30-89 Days Past Due		Greater than 90 Days		Greater than 181 Days		Total Past Due		Current		Total
Receivables from managed entities and related parties: ⁽¹⁾
Commercial finance investment entities	$	—	$	—	$	40,112	$	40,112	$	118	$	40,230
Real estate investment entities	779		744		17,062		18,585		1,992		20,577
Financial fund management entities	6		—		47		53		2,140		2,193
Other	41		—		—		41		137		178
	826		744		57,221		58,791		4,387		63,178
Rent receivables - real estate	4		10		58		72		40		112
Total financing receivables	$	830	$	754	$	57,279	$	58,863	$	4,427	$	63,290


(1)	Receivables are presented gross of an allowance for credit losses of $29.6 million, $2.5 million and $457,000 related to the Company’s commercial finance, real estate investment entities and financial fund management entities, respectively. The remaining receivables from managed entities and related parties have no related allowance for credit losses.

Summarization of Activity in the Allowance for Credit Losses for the Company's Financing Receivables

The following table summarizes the activity in the allowance for credit losses for all financing receivables (in thousands):



	Receivables from Managed Entities			Leases and Loans			Rent Receivables			Total
Year Ended December 31, 2013:
Balance, beginning of year	$	32,560		$	—		$	68		$	32,628
Provision for credit losses	4,324			(42		)	(17		)	4,265
Charge-offs	(675		)	—			(37		)	(712		)
Recoveries	20			42			—			62
Balance, end of year	$	36,229		$	—		$	14		$	36,243

Ending balance, individually evaluated for impairment	$	36,229		$	—		$	—		$	36,229
Ending balance, collectively evaluated for impairment	—			—			14			14
Balance, end of year	$	36,229		$	—		$	14		$	36,243

Year Ended December 31, 2012:
Balance, beginning of year	$	12,575		$	—		$	29		$	12,604
Provision for credit losses	20,125			(16		)	39			20,148
Charge-offs	(140		)	—			—			(140		)
Recoveries	—			16			—			16
Balance, end of year	$	32,560		$	—		$	68		$	32,628

Ending balance, individually evaluated for impairment	$	32,560		$	—		$	—		$	32,560
Ending balance, collectively evaluated for impairment	—			—			68			68
Balance, end of year	$	32,560		$	—		$	68		$	32,628



			Investments in Commercial Finance
	Receivables from Managed Entities		Leases and Loans			Future Payment Card Receivables			Rent Receivables		Total
Year Ended December 31, 2011:
Balance, beginning of year	$	2,486	$	80		$	130		$	—	$	2,696
Provision for credit losses	10,089		1,105			82			29		11,305
Charge-offs	—		(888		)	(260		)	—		(1,148		)
Recoveries	—		185			48			—		233
Deconsolidation of LEAF	—		(482		)	—			—		(482		)
Balance, end of year	$	12,575	$	—		$	—		$	29	$	12,604

Ending balance, individually evaluated for impairment	$	12,575	$	—		$	—		$	—	$	12,575
Ending balance, collectively evaluated for impairment	—		—			—			29		29
Balance, end of year	$	12,575	$	—		$	—		$	29	$	12,604

Gross Financing Receivables Related to the Balance in the Allowance for Credit Losses

The Company’s financing receivables (presented exclusive of any allowance for credit losses) as of December 31, 2013 relate to the balance in the allowance for credit losses, as follows (in thousands):



	Receivables from Managed Entities		Rent Receivables		Total
Ending balance, individually evaluated for impairment	$	67,152	$	—	$	67,152
Ending balance, collectively evaluated for impairment	—		91		91
Balance, end of year	$	67,152	$	91	$	67,243

The Company’s financing receivables (presented exclusive of any allowance for credit losses) as of December 31, 2012 relate to the balance in the allowance for credit losses, as follows (in thousands):



	Receivables from Managed Entities		Rent Receivables		Total
Ending balance, individually evaluated for impairment	$	63,178	$	—	$	63,178
Ending balance, collectively evaluated for impairment	—		112		$	112
Balance, end of year	$	63,178	$	112	$	63,290

Information about Company's Impaired Financing Receivables

The following table discloses information about the Company’s impaired financing receivables (in thousands):



	Net Balance		Unpaid Balance		Specific Allowance		Average Investment in Impaired Assets
As of December 31, 2013
Financing receivables with a specific valuation allowance:
Receivables from managed entities – commercial finance	$	2,690	$	38,919	$	36,229	$	38,649
Rent receivables – real estate	—		14		14		32

As of December 31, 2012
Financing receivables with a specific valuation allowance:
Receivables from managed entities – commercial finance	$	8,633	$	38,219	$	29,586	$	38,110
Receivables from managed entities – real estate	2,291		4,808		2,517		4,630
Receivables from managed entities – financial fund management	848		1,305		457		1,305
Rent receivables – real estate	—		68		68		40