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OPERATING SEGMENTS
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
OPERATING SEGMENTS
NOTE 21 - OPERATING SEGMENTS
The Company manages its operations and makes business decisions based on three reportable operating segments, Real Estate, Financial Fund Management and Commercial Finance.  Certain other activities are reported in the “All Other” category and "Eliminations" in the tables in order for the information presented about the Company's operating segments to agree to the consolidated balance sheets and statements of operations. Summarized operating segment data are as follows (in thousands):
Year Ended December 31, 2015
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All Other (1)
 
Total
Consolidation
Revenues from external customers
 
$
75,956

 
$
14,164

 
$
153

 
$
—

 
$
90,273

Equity in (losses) earnings of unconsolidated entities
 
3,174

 
6,247

 
161

 
—

 
9,582

Total revenues
 
79,130

 
20,411

 
314

 
—

 
99,855

Segment operating expenses
 
(47,303
)
 
(13,687
)
 
(1,976
)
 
—

 
(62,966
)
General and administrative expenses
 
(4,832
)
 
(1,340
)
 
—

 
(9,653
)
 
(15,825
)
Reversal of (provision for) credit losses
 
(312
)
 
—

 
32

 
—

 
(280
)
Depreciation and amortization
 
(1,267
)
 
(63
)
 
—

 
(631
)
 
(1,961
)
Other-than-temporary impairment on investments
 
—

 
(4,677
)
 
—

 
—

 
(4,677
)
Interest expense
 
(713
)
 
—

 
(1
)
 
(1,061
)
 
(1,775
)
Other income (expense), net
 
769

 
1,692

 
(214
)
 
(529
)
 
1,718

Pretax income attributable to noncontrolling interests (2)
 
(127
)
 
(1,917
)
 
—

 
—

 
(2,044
)
Income (loss) from continuing operations excluding noncontrolling interests before taxes
 
$
25,345

 
$
419

 
$
(1,845
)
 
$
(11,874
)
 
$
12,045

Year Ended December 31, 2014
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
Consolidation
Revenues from external customers
 
$
55,639

 
$
23,615

 
$
8

 
$
—

 
$
79,262

Equity in earnings (losses) of unconsolidated entities
 
(778
)
 
5,503

 
(172
)
 
—

 
4,553

Total revenues
 
54,861

 
29,118

 
(164
)
 
—

 
83,815

Segment operating expenses
 
(37,411
)
 
(15,542
)
 
(979
)
 
—

 
(53,932
)
General and administrative expenses
 
(3,350
)
 
(1,642
)
 


 
(6,126
)
 
(11,118
)
Reversal of (provision for) credit losses
 
2

 
—

 
(3,060
)
 
—

 
(3,058
)
Depreciation and amortization
 
(1,239
)
 
(63
)
 
—

 
(517
)
 
(1,819
)
Gain on sale of investment securities, net
 
—

 
445

 
—

 
—

 
445

Interest expense
 
(767
)
 
—

 
(11
)
 
(1,127
)
 
(1,905
)
Other income (expense), net
 
796

 
2,227

 
19

 
(510
)
 
2,532

Pretax income attributable to noncontrolling interests (2)
 
(89
)
 
—

 
—

 
—

 
(89
)
Income (loss) from continuing operations excluding noncontrolling interests before taxes
 
$
12,803

 
$
14,543

 
$
(4,195
)
 
$
(8,280
)
 
$
14,871

Year Ended December 31, 2013
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
Consolidation
Revenues from external customers
 
$
56,126

 
$
15,060

 
$
—

 
$
—

 
$
71,186

Equity in earnings (losses) of unconsolidated entities
 
1,017

 
4,713

 
(341
)
 
—

 
5,389

Total revenues
 
57,143

 
19,773

 
(341
)
 
—

 
76,575

Segment operating expenses
 
(40,612
)
 
(10,155
)
 
(56
)
 
—

 
(50,823
)
General and administrative expenses
 
(4,054
)
 
(1,153
)
 
—

 
(5,061
)
 
(10,268
)
Reversal of (provision for) credit losses
 
2,536

 
(200
)
 
(6,601
)
 
—

 
(4,265
)
Depreciation and amortization
 
(1,275
)
 
(64
)
 
—

 
(597
)
 
(1,936
)
Impairment of available-for-sale securities
 
—

 
(214
)
 
—

 
—

 
(214
)
Interest expense
 
(829
)
 
(9
)
 
—

 
(1,198
)
 
(2,036
)
Other income (expense), net
 
801

 
2,323

 
13

 
(321
)
 
2,816

Pretax income attributable to noncontrolling interests (2)
 
(20
)
 
—

 
—

 
—

 
(20
)
Income (loss) from continuing operations excluding noncontrolling interests before taxes
 
$
13,690

 
$
10,301

 
$
(6,985
)
 
$
(7,177
)
 
$
9,829

Segment assets
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
Consolidation
December 31, 2015
 
$
206,177

 
$
93,173

 
$
4,630

 
$
(92,785
)
 
$
211,195

December 31, 2014
 
$
189,049

 
$
100,881

 
$
4,483

 
$
(67,986
)
 
$
226,427

December 31, 2013
 
$
179,051

 
$
76,167

 
$
9,255

 
$
(68,653
)
 
$
195,820

 
(1)
Includes general corporate expenses and assets not allocable to any particular segment.
(2)
In viewing its segment operations, management includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income 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.    
Major customer.  During 2015, 2014 and 2013, the management, incentive, servicing and acquisition fees that the Company received from RSO were 12%, 14% and 13%, respectively, of its consolidated revenues.  These fees have been allocated among, and reported as revenues by, the Company’s operating segments.