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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 8,063 $ 54,016
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,536  
Provision for credit losses 278 3,342
Unrealized (gain) loss on trading securities (87)  
Equity in (earnings) losses of unconsolidated entities (5,149) (2,298)
Distributions from unconsolidated entities 8,093  
(Gain) loss on sales of leases and loans 19  
Net impairment losses recognized in earnings 4,497  
(Gain) loss on sales of investment securities, net (1,140)  
Deferred income tax provision (benefit) 3,624  
Equity-based compensation issued 2,593  
Trading securities purchases and sales, net (824)  
Changes in operating assets and liabilities 1,721  
Net cash provided by (used in ) operating activities of consolidated VIE-RSO (excluding eliminations) 22,447 96,761
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (515)  
Investments in real estate and unconsolidated real estate entities (5,147)  
Principal payments on leases and loans (21)  
Purchase of loans and investments (4,457)  
Proceeds from sale of loans and investments 6,070  
Net cash provided by (used in) investing activities (28,172) (261,099)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments on borrowings 0  
Proceeds from issuance of common stock 1  
Repurchases of common stock (15,032)  
(Increase) decrease in restricted cash (168)  
Net cash provided by (used in) financing activities (3,715) 170,913
Increase (decrease) in cash (9,440) 6,575
Cash, beginning of year 27,542 19,853
Cash, end of period 18,102 26,428
RAI [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 1,536 1,469
Provision for credit losses 278 3,342
Unrealized (gain) loss on trading securities (87) 111
Equity in (earnings) losses of unconsolidated entities (5,149) (2,298)
Distributions from unconsolidated entities 8,093 5,134
(Gain) loss on sales of leases and loans (19) (22)
Net impairment losses recognized in earnings 4,497 0
(Gain) loss on sales of investment securities, net (1,140) 0
(Gain) loss on sales of assets 0 439
Deferred income tax provision (benefit) 3,624 4,838
Equity-based compensation issued 2,593 1,322
(Gain) loss on trading securities 15 (1,845)
Trading securities purchases and sales, net (824) 973
Changes in operating assets and liabilities 1,721 (13,055)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (515) (291)
Payments received on real estate loans and real estate 0 25
Investments in real estate and unconsolidated real estate entities (5,147) (1,561)
Principal payments on leases and loans 21 22
Purchase of loans and investments (4,457) (7,320)
Proceeds from sale of loans and investments 6,070 721
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase (decrease) in borrowings 0 2,520
Principal payments on borrowings 0 (2,813)
Dividends paid (3,909) (2,952)
Proceeds from issuance of common stock 1 17,570
Repurchases of common stock (15,032) (8,358)
(Increase) decrease in restricted cash (168) (133)
Other 0 0
Cash, beginning of year 27,542  
Cash, end of period 18,102  
RSO [Member]    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity in (earnings) losses of unconsolidated entities (1,702) (4,663)
Net impairment losses recognized in earnings 59 0
Adjustments to reconcile net income (loss) and operating cash flows to net income (loss) of consolidated VIE-RSO (754) 42,337
Net cash provided by (used in ) operating activities of consolidated VIE-RSO (excluding eliminations) 24,173 (59,378)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures 0 (362)
Purchase of loans and investments (658,207) (812,912)
Principal payments and proceeds from sales of loans and securities by consolidated VIE-RSO 524,476 552,064
Increase (decrease) in restricted cash of consolidated VIE-RSO 96,887 18,328
Other investing activity of consolidated VIE-RSO 12,700 (10,175)
Net cash provided by (used in) investing activities (23,154) (252,304)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings of debt by consolidated VIE-RSO 124,922 60,670
Dividends paid (68,059) (75,920)
Proceeds from issuance of common stock 3,196 177,568
Repurchases of common stock (15,433) 0
Other (29,233) 2,761
Net cash provided by (used in) financing activities 13,834 163,188
Increase (decrease) in cash 24,830 (99,001)
Cash, beginning of year 79,905 262,270
Cash, end of period $ 104,735 $ 163,269