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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Total revenues $ 53,115,000 $ 33,485,000 $ 102,417,000 $ 76,812,000
COSTS AND EXPENSES:        
General and administrative 2,729,000 2,149,000 5,883,000 4,302,000
Provision for credit losses 1,575,000 1,647,000 2,783,000 1,985,000
Depreciation and amortization 465,000 489,000 916,000 905,000
Costs and expenses 33,584,000 23,361,000 62,069,000 51,815,000
OPERATING INCOME 19,531,000 10,124,000 40,348,000 24,997,000
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments       (214,000)
Interest expense (497,000) (501,000) (980,000) (995,000)
Other income (expense), net 2,411,000 (387,000) 780,000 (875,000)
Income from continuing operations before taxes 21,942,000 9,737,000 41,128,000 24,122,000
Income tax provision (benefit) 1,735,000 226,000 2,820,000  
Income from continuing operations 20,207,000 9,511,000 38,308,000 22,280,000
Loss from discontinued operations, net of tax 0 0 0 (2,000)
Net income 20,207,000 9,511,000 38,308,000 22,278,000
Net income attributable to common shareholders 2,718,000 1,113,000 3,708,000 1,609,000
Amounts attributable to common shareholders:        
Income from continuing operations 2,718,000 1,113,000 3,708,000 1,611,000
Discontinued operations 0 0 0 (2,000)
Net income 2,718,000 1,113,000 3,708,000 1,609,000
Basic earnings per share:        
Continuing operations (in dollars per share) $ 0.13 $ 0.05 $ 0.18 $ 0.08
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (in dollars per share) $ 0.13 $ 0.05 $ 0.18 $ 0.08
Weighted average shares outstanding (in shares) 20,386 20,297 20,320 20,219
Diluted earnings per share:        
Continuing operations (in dollars per share) $ 0.12 $ 0.05 $ 0.17 $ 0.07
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (in dollars per share) $ 0.12 $ 0.05 $ 0.17 $ 0.07
Weighted average shares outstanding (in shares) 22,032 22,106 22,031 21,969
RAI [Member]
       
REVENUES:        
Real estate (includes revenues of $2,302, $2,805, $4,985 and $5,093 related to RSO) 13,448,000 12,153,000 26,723,000 23,493,000
Financial fund management (includes revenues of $753, $(111), $960 and $270 related to RSO) 8,141,000 2,445,000 15,216,000 6,732,000
Commercial finance (includes no revenue related to RSO) (42,000) (35,000) (141,000) (213,000)
Total revenues 21,547,000 14,563,000 41,798,000 30,012,000
COSTS AND EXPENSES:        
Real estate 9,105,000 8,896,000 17,980,000 18,336,000
Financial fund management 2,779,000 1,694,000 7,168,000 4,222,000
Commercial finance 123,000 (219,000) 226,000 (174,000)
General and administrative 2,729,000 2,149,000 5,883,000 4,302,000
Provision for credit losses 1,575,000 1,647,000 2,783,000 1,985,000
Depreciation and amortization 465,000 489,000 916,000 905,000
Costs and expenses 16,776,000 14,656,000 34,956,000 29,576,000
OTHER INCOME (EXPENSE):        
Gain on sale of investment securities, net 370,000 0 370,000 0
Other-than-temporary impairment on investments 0 0 0 (214,000)
Interest expense (497,000) (501,000) (980,000) (995,000)
Other (expense) income 18,000 83,000 183,000 272,000
Income tax provision (benefit) 2,181,000 (1,511,000) 3,250,000 (1,657,000)
Loss from discontinued operations, net of tax     0 (2,000)
Net (income) loss attributable to noncontrolling interests (84,000) (26,000) (44,000) 17,000
RSO [Member]
       
REVENUES:        
Real estate (includes revenues of $2,302, $2,805, $4,985 and $5,093 related to RSO) 2,302,000 2,805,000 4,985,000 5,093,000
Financial fund management (includes revenues of $753, $(111), $960 and $270 related to RSO) 753,000 (111,000) 960,000 270,000
Commercial finance (includes no revenue related to RSO) 0 0 0 0
Total revenues 34,608,000 21,647,000 66,539,000 52,225,000
COSTS AND EXPENSES:        
Costs and expenses 19,861,000 11,368,000 32,985,000  
Operating Expenses 19,861,000   32,985,000 27,556,000
OTHER INCOME (EXPENSE):        
Other (expense) income 2,509,000 0 1,178,000 0
Income tax provision (benefit) (446,000) 1,737,000 (430,000) 3,499,000
Net (income) loss attributable to noncontrolling interests (17,405,000) (8,372,000) (34,556,000) (20,686,000)
Reportable Legal Entities [Member]
       
OTHER INCOME (EXPENSE):        
Other income (expense), net (109,000) (418,000) (427,000) (937,000)
Reportable Legal Entities [Member] | RAI [Member]
       
REVENUES:        
Real estate (includes revenues of $2,302, $2,805, $4,985 and $5,093 related to RSO) 13,448,000 12,153,000 26,723,000  
Financial fund management (includes revenues of $753, $(111), $960 and $270 related to RSO) 8,141,000 2,445,000 15,216,000  
Commercial finance (includes no revenue related to RSO) (42,000) (35,000) (141,000)  
Total revenues 21,547,000 14,563,000 41,798,000 30,012,000
COSTS AND EXPENSES:        
Real estate 9,105,000 8,896,000 17,980,000  
Financial fund management 2,779,000 1,694,000 7,168,000  
Commercial finance 123,000 (219,000) 226,000  
General and administrative 2,729,000 2,149,000 5,883,000 4,302,000
Provision for credit losses 1,575,000 1,647,000 2,783,000 1,985,000
Depreciation and amortization 465,000 489,000 916,000 905,000
Costs and expenses 16,776,000 14,656,000 34,956,000  
OPERATING INCOME 4,771,000 (93,000) 6,842,000  
OTHER INCOME (EXPENSE):        
Gain on sale of investment securities, net 370,000   370,000  
Other-than-temporary impairment on investments     0 (214,000)
Interest expense (497,000) (501,000) (980,000) (995,000)
Income from continuing operations before taxes 5,234,000 46,000 7,559,000  
Income tax provision (benefit) 2,181,000 (1,511,000) 3,250,000  
Net income 3,053,000 1,557,000 4,309,000  
Net (income) loss attributable to noncontrolling interests (84,000) (26,000) (44,000)  
Net income attributable to common shareholders 2,969,000 1,531,000 4,265,000  
Amounts attributable to common shareholders:        
Income from continuing operations   1,531,000    
Discontinued operations   0    
Net income 2,969,000 1,531,000 4,265,000  
Reportable Legal Entities [Member] | RSO [Member]
       
REVENUES:        
Total revenues 34,608,000 21,647,000 66,539,000 52,225,000
COSTS AND EXPENSES:        
General and administrative 0 0 0 0
Provision for credit losses 0 0 0 0
Depreciation and amortization 0 0 0 0
Costs and expenses 19,415,000 13,105,000 32,555,000  
Operating Expenses 19,415,000   32,555,000  
OPERATING INCOME 15,193,000 8,542,000 33,984,000  
OTHER INCOME (EXPENSE):        
Other-than-temporary impairment on investments       0
Interest expense 0 0 0 0
Income from continuing operations before taxes 17,702,000 8,542,000 35,162,000  
Income tax provision (benefit) 0 0 0  
Net income 17,702,000 8,542,000 35,162,000  
Net (income) loss attributable to noncontrolling interests (3,025,000) (1,800,000) (5,369,000)  
Net income attributable to common shareholders 14,677,000 6,742,000 29,793,000  
Amounts attributable to common shareholders:        
Income from continuing operations   6,742,000    
Discontinued operations   0    
Net income 14,677,000 6,742,000 29,793,000  
Intersegment Eliminations [Member]
       
REVENUES:        
Total revenues (3,040,000) (2,725,000) (5,920,000) (5,425,000)
COSTS AND EXPENSES:        
Costs and expenses (3,053,000) (2,663,000) (5,872,000) (5,317,000)
OTHER INCOME (EXPENSE):        
Other (expense) income $ 11,000 $ 31,000 $ 29,000 $ 62,000