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VARIABLE INTEREST ENTITIES RSO Income Statement Detail (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Interest income:        
Interest expense $ 497 $ 501 $ 980 $ 995
Equity in (losses) earnings of unconsolidated entities 1,047 (117) 1,678 1,144
Total revenues 53,115 33,485 102,417 76,812
COSTS AND EXPENSES:        
General and administrative 2,729 2,149 5,883 4,302
Depreciation and amortization 465 489 916 905
Income tax expense (1,735) (226) (2,820)  
Costs and Expenses 33,584 23,361 62,069 51,815
OTHER REVENUE (EXPENSE)        
Other expense, net from consolidated VIE - RSO 2,411 (387) 780  
Income from continuing operations before taxes 21,942 9,737 41,128 24,122
Income tax expense (1,735) (226) (2,820)  
Net income 2,718 1,113 3,708 1,609
RSO [Member]
       
Interest income:        
Loans 26,219 26,184 46,448 53,996
Securities 3,391 3,896 7,395 7,538
Interest income − other 982 635 3,834 2,501
Total interest income 30,592 30,715 57,677 64,035
Interest expense 10,610 11,134 20,247 22,299
Net interest income 19,982 19,581 37,430 41,736
Rental income 1,507 5,052 6,659 11,226
Dividend income 17 17 153 33
Equity in (losses) earnings of unconsolidated entities 1,762 72 3,776 (353)
Fee income 2,717 1,527 5,473 2,937
Net realized gain on sales of investment securities available-for-sale and loans 4,261 2,394 7,941 2,785
Net realized and unrealized gain on investment securities, trading (650) (1,751) (2,210) (635)
Unrealized gain and net interest income on linked transactions, net 5,012 (5,245) 7,317 (5,504)
Total revenues 34,608 21,647 66,539 52,225
COSTS AND EXPENSES:        
Management fees − related party 3,314 2,915 6,394 5,893
Equity compensation − related party 2,032 2,155 3,699 5,746
Rental operating expense 1,077 3,624 4,473 7,561
General and administrative 11,896 2,382 20,001 5,863
Depreciation and amortization 760 999 1,596 2,137
Income tax expense 446 (1,737) 430 (3,499)
Net impairment losses recognized in earnings 0 535 0 556
Provision for loan losses 782 (1,242) (3,178) (200)
Total operating expenses 19,415 13,105 32,555 31,055
Costs and Expenses 19,861 11,368 32,985 27,556
Adjusted operating income 14,747 10,279 33,554 24,669
OTHER REVENUE (EXPENSE)        
Gain on sale of real estate 3,042 0 3,042 0
Other expense 0 0 (1,262) 0
Loss on the reissuance of debt (533) 0 (602) 0
Other expense, net from consolidated VIE - RSO 2,509 0 1,178 0
Income from continuing operations before taxes 17,256 10,279 34,732 24,669
Income tax expense 446 (1,737) 430 (3,499)
Net income 17,702 8,542 35,162 21,170
Net income allocated to preferred shares (3,358) (1,800) (5,758) (3,111)
Net income allocated to noncontrolling interests 333 (209) 389 0
NET INCOME ALLOCABLE TO RSO COMMON SHAREHOLDERS $ 14,677 $ 6,533 $ 29,793 $ 18,059