OPERATING SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Summarized Operating Segment Data

Summarized operating segment data are as follows (in thousands):

Three Months Ended   June 30, 2014	Real Estate			Financial Fund Management			Commercial Finance			All Other (1)			Total RAI			RSO			Eliminations			Total Consolidation
Revenues from external customers	$	13,674		$	6,826		$	—		$	—		$	20,500		$	34,608		$	(3,040	)	$	52,068
Equity in (losses) earnings of unconsolidated entities	(226		)	1,315			(42		)	—			1,047			—			—			1,047
Total revenues	13,448			8,141			(42		)	—			21,547			34,608			(3,040		)	53,115
Segment operating expenses	(9,105		)	(2,779		)	(123		)	—			(12,007		)	(19,415		)	2,607			(28,815		)
General and administrative expenses	(731		)	(445		)	—			(1,553		)	(2,729		)	—			—			(2,729		)
Reversal of (provision for) credit losses	7			—			(1,582		)	—			(1,575		)	—			—			(1,575		)
Depreciation and amortization	(310		)	(20		)	—			(135		)	(465		)	—			—			(465		)
Gain on sale of investment securities, net	—			370			—			—			370			—			—			370
Interest expense	(191		)	—			(9		)	(297		)	(497		)	—			—			(497		)
Other income (expense), net	111			555			—			(76		)	590			2,509			(561		)	2,538
Pretax income attributable to noncontrolling interests (2)	(84		)	—			—			—			(84		)	(17,405		)	—			(17,489		)
Income (loss) from continuing operations excluding noncontrolling interests before taxes	$	3,145		$	5,822		$	(1,756	)	$	(2,061	)	$	5,150		$	297		$	(994	)	$	4,453

Six Months Ended   June 30, 2014	Real Estate			Financial Fund Management			Commercial Finance			All Other (1)			Total RAI			RSO			Eliminations			Total Consolidation
Revenues from external customers	$	27,304		$	12,816		$	—		$	—		$	40,120		$	66,539		$	(5,920	)	$	100,739
Equity in (losses) earnings of unconsolidated entities	(581		)	2,400			(141		)	—			1,678			—			—			1,678
Total revenues	26,723			15,216			(141		)	—			41,798			66,539			(5,920		)	102,417
Segment operating expenses	(17,980		)	(7,168		)	(226		)	—			(25,374		)	(32,555		)	5,442			(52,487		)
General and administrative expenses	(1,827		)	(898		)	—			(3,158		)	(5,883		)	—			—			(5,883		)
Reversal of (provision for) credit losses	10			—			(2,793		)	—			(2,783		)	—			—			(2,783		)
Depreciation and amortization	(618		)	(31		)	—			(267		)	(916		)	—			—			(916		)
Gain on sale of investment securities, net				370			—			—			370			—			—			370
Interest expense	(387		)	—			(9		)	(584		)	(980		)	—			—			(980		)
Other income (expense), net	367			1,126			(2		)	(164		)	1,327			1,178			(1,115		)	1,390
Pretax income attributable to noncontrolling interests (2)	(44		)	—			—			—			(44		)	(34,556		)	—			(34,600		)
Income (loss) from continuing operations excluding noncontrolling interests before taxes	$	6,244		$	8,615		$	(3,171	)	$	(4,173	)	$	7,515		$	606		$	(1,593	)	$	6,528

Three Months Ended   June 30, 2013	Real Estate			Financial Fund Management			Commercial Finance			All Other (1)			Total RAI			RSO			Eliminations			Total Consolidation
Revenues from external customers	$	12,484		$	2,196		$	—		$	—		$	14,680		$	21,647		$	(2,725	)	$	33,602
Equity in (losses) earnings of unconsolidated entities	(331		)	249			(35		)	—			(117		)	—			—			(117		)
Total revenues	12,153			2,445			(35		)	—			14,563			21,647			(2,725		)	33,485
Segment operating expenses	(8,896		)	(1,694		)	219			—			(10,371		)	(11,368		)	2,663			(19,076		)
General and administrative expenses	(815		)	(331		)	—			(1,003		)	(2,149		)	—			—			(2,149		)
Reversal of (provision for) credit losses	30			(199		)	(1,478		)	—			(1,647		)	—			—			(1,647		)
Depreciation and amortization	(317		)	(16		)	—			(156		)	(489		)	—			—			(489		)
Interest expense	(207		)	—			—			(294		)	(501		)	—			—			(501		)
Other income (expense), net	173			558			1			(92		)	640			—			(526		)	114
Pretax income attributable to noncontrolling interests (2)	(54		)	—			—			—			(54		)	(8,372		)	—			(8,426		)
Income (loss) from continuing operations excluding noncontrolling interests before taxes	$	2,067		$	763		$	(1,293	)	$	(1,545	)	$	(8	)	$	1,907		$	(588	)	$	1,311

Six Months Ended   June 30, 2013	Real Estate			Financial Fund Management			Commercial Finance			All Other (1)			Total RAI			RSO			Eliminations			Total Consolidation
Revenues from external customers	$	23,804		$	5,064		$	—		$	—		$	28,868		$	52,225		$	(5,425	)	$	75,668
Equity in (losses) earnings of unconsolidated entities	(311		)	1,668			(213		)	—			1,144			—			—			1,144
Total revenues	23,493			6,732			(213		)	—			30,012			52,225			(5,425		)	76,812
Segment operating expenses	(18,336		)	(4,222		)	174			—			(22,384		)	(27,556		)	5,317			(44,623		)
General and administrative expenses	(2,219		)	(322		)	—			(1,761		)	(4,302		)	—			—			(4,302		)
Reversal of (provision for) credit losses	2,552			(199		)	(4,338		)	—			(1,985		)	—			—			(1,985		)
Depreciation and amortization	(547		)	(36		)	—			(322		)	(905		)	—			—			(905		)
Other-than-temporary impairment on investments	—			(214		)	—			—			(214		)	—			—			(214		)
Interest expense	(404		)	—			(1		)	(590		)	(995		)	—			—			(995		)
Other income (expense), net	470			1,147			7			(239		)	1,385			—			(1,051		)	334
Pretax income attributable to noncontrolling interests (2)	(11		)	—			—			—			(11		)	(20,686		)	—			(20,697		)
Income (loss) from continuing operations excluding noncontrolling interests before taxes	$	4,998		$	2,886		$	(4,371	)	$	(2,912	)	$	601		$	3,983		$	(1,159	)	$	3,425

Segment assets	Real Estate		Financial Fund Management		Commercial Finance		All Other (1)			Total RAI		RSO		Total Consolidation
June 30, 2014	$	183,279	$	59,959	$	5,469	$	(83,429	)	$	165,278	$	2,558,168	$	2,723,446
June 30, 2013	$	173,491	$	56,834	$	9,062	$	(76,203	)	$	163,184	$	2,400,757	$	2,563,941

(1) Includes general corporate expenses and assets not allocable to any particular segment.

(2) In viewing its segment operations, the Company includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income (loss) from operations as computed in accordance with U.S. GAAP and should be deducted to compute income from operations as reflected in the Company’s consolidated statements of operations.