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OPERATING SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Summarized Operating Segment Data
Summarized operating segment data are as follows (in thousands):
Three Months Ended 
 September 30, 2014
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
14,377

 
$
4,320

 
$
21

 
$

 
$
18,718

 
$
34,716

 
$
(3,645
)
 
$
49,789

Equity in (losses) earnings of unconsolidated entities
 
(88
)
 
1,237

 
(38
)
 

 
1,111

 

 
(491
)
 
620

Total revenues
 
14,289

 
5,557

 
(17
)
 

 
19,829

 
34,716

 
(4,136
)
 
50,409

Segment operating expenses
 
(9,384
)
 
(2,812
)
 
(125
)
 

 
(12,321
)
 
(18,686
)
 
3,502

 
(27,505
)
General and administrative expenses
 
(804
)
 
(416
)
 

 
(1,206
)
 
(2,426
)
 

 

 
(2,426
)
Provision for credit losses
 
(8
)
 

 
(551
)
 

 
(559
)
 

 

 
(559
)
Depreciation and amortization
 
(309
)
 
(16
)
 

 
(128
)
 
(453
)
 

 

 
(453
)
Gain on sale of investment securities, net
 

 
69

 

 

 
69

 

 

 
69

Interest expense
 
(190
)
 

 
(2
)
 
(275
)
 
(467
)
 

 

 
(467
)
Other income (expense), net
 
280

 
533

 
19

 
(180
)
 
652

 
(1,936
)
 
(572
)
 
(1,856
)
Pretax income attributable to noncontrolling interests (2)
 
(9
)
 

 

 

 
(9
)
 
(14,214
)
 

 
(14,223
)
Pretax income (loss) from continuing operations excluding noncontrolling interests
 
$
3,865

 
$
2,915

 
$
(676
)
 
$
(1,789
)
 
$
4,315

 
$
(120
)
 
$
(1,206
)
 
$
2,989

Nine Months Ended 
 September 30, 2014
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
41,681

 
$
17,136

 
$
21

 
$

 
$
58,838

 
$
100,604

 
$
(9,565
)
 
$
149,877

Equity in (losses) earnings of unconsolidated entities
 
(669
)
 
3,637

 
(179
)
 

 
2,789

 

 
(491
)
 
2,298

Total revenues
 
41,012

 
20,773

 
(158
)
 

 
61,627

 
100,604

 
(10,056
)
 
152,175

Segment operating expenses
 
(27,364
)
 
(9,980
)
 
(351
)
 

 
(37,695
)
 
(51,020
)
 
9,374

 
(79,341
)
General and administrative expenses
 
(2,631
)
 
(1,314
)
 

 
(4,364
)
 
(8,309
)
 

 

 
(8,309
)
Reversal of (provision for) credit losses
 
2

 

 
(3,344
)
 

 
(3,342
)
 

 

 
(3,342
)
Depreciation and amortization
 
(927
)
 
(47
)
 

 
(395
)
 
(1,369
)
 

 

 
(1,369
)
Gain on sale of investment securities, net
 

 
439

 

 

 
439

 

 

 
439

Interest expense
 
(577
)
 

 
(11
)
 
(859
)
 
(1,447
)
 

 

 
(1,447
)
Other income (expense), net
 
647

 
1,659

 
17

 
(344
)
 
1,979

 
(758
)
 
(1,687
)
 
(466
)
Pretax income attributable to noncontrolling interests (2)
 
(53
)
 

 

 

 
(53
)
 
(48,759
)
 

 
(48,812
)
Pretax income (loss) from continuing operations excluding noncontrolling interests
 
$
10,109

 
$
11,530

 
$
(3,847
)
 
$
(5,962
)
 
$
11,830

 
$
67

 
$
(2,369
)
 
$
9,528


Three Months Ended 
 September 30, 2013
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All Other (1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
15,973

 
$
7,065

 
$

 
$

 
$
23,038

 
$
23,786

 
$
(5,183
)
 
$
41,641

Equity in (losses) earnings of unconsolidated entities
 
(23
)
 
1,437

 
(30
)
 

 
1,384

 

 

 
1,384

Total revenues
 
15,950

 
8,502

 
(30
)
 

 
24,422

 
23,786

 
(5,183
)
 
43,025

Segment operating expenses
 
(11,178
)
 
(3,547
)
 
(75
)
 

 
(14,800
)
 
(15,554
)
 
4,861

 
(25,493
)
General and administrative expenses
 
(674
)
 
(282
)
 

 
(1,549
)
 
(2,505
)
 

 

 
(2,505
)
Provision for credit losses
 
(29
)
 

 
(1,779
)
 

 
(1,808
)
 

 

 
(1,808
)
Depreciation and amortization
 
(258
)
 
(13
)
 

 
(142
)
 
(413
)
 

 

 
(413
)
Interest expense
 
(209
)
 
(7
)
 
1

 
(315
)
 
(530
)
 

 

 
(530
)
Other income, net
 
249

 
557

 

 
(122
)
 
684

 
16,607

 
(394
)
 
16,897

Pretax income attributable to noncontrolling interests (2)
 
(12
)
 

 

 

 
(12
)
 
(23,708
)
 

 
(23,720
)
Income (loss) from continuing operations including noncontrolling interests before taxes
 
$
3,839

 
$
5,210

 
$
(1,883
)
 
$
(2,128
)
 
$
5,038

 
$
1,131

 
$
(716
)
 
$
5,453


Nine Months Ended 
 September 30, 2013
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
 
RSO
 
Eliminations
 
Total
Consolidation
Revenues from external customers
 
$
39,777

 
$
12,129

 
$

 
$

 
$
51,906

 
$
76,011

 
$
(10,608
)
 
$
117,309

Equity in (losses) earnings of unconsolidated entities
 
(334
)
 
3,105

 
(243
)
 

 
2,528

 

 

 
2,528

Total revenues
 
39,443

 
15,234

 
(243
)
 

 
54,434

 
76,011

 
(10,608
)
 
119,837

Segment operating expenses
 
(29,514
)
 
(7,769
)
 
99

 

 
(37,184
)
 
(43,110
)
 
10,178

 
(70,116
)
General and administrative expenses
 
(2,893
)
 
(604
)
 

 
(3,310
)
 
(6,807
)
 

 

 
(6,807
)
Reversal of (provision for) credit losses
 
2,523

 
(199
)
 
(6,117
)
 

 
(3,793
)
 

 

 
(3,793
)
Depreciation and amortization
 
(805
)
 
(49
)
 

 
(464
)
 
(1,318
)
 

 

 
(1,318
)
Other-than-temporary impairment on investments
 

 
(214
)
 

 

 
(214
)
 

 

 
(214
)
Interest expense
 
(613
)
 
(7
)
 

 
(905
)
 
(1,525
)
 

 

 
(1,525
)
Other income, net
 
719

 
1,704

 
7

 
(361
)
 
2,069

 
16,607

 
(1,445
)
 
17,231

Pretax income attributable to noncontrolling interests (2)
 
(23
)
 

 

 

 
(23
)
 
(44,394
)
 

 
(44,417
)
Income (loss) from continuing operations including noncontrolling interests before taxes
 
$
8,837

 
$
8,096

 
$
(6,254
)
 
$
(5,040
)
 
$
5,639

 
$
5,114

 
$
(1,875
)
 
$
8,878

Segment assets
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
 
RSO
 
Total
Consolidation
September 30, 2014
 
$
187,668

 
$
58,689

 
$
4,301

 
$
(76,569
)
 
$
174,089

 
$
2,589,013

 
$
2,763,102

September 30, 2013
 
$
177,314

 
$
60,105

 
$
8,747

 
$
(74,123
)
 
$
172,043

 
$
2,271,468

 
$
2,443,511

 
(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.