FINANCING RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Aging of the Company's Past Due Financing Receivables, Gross of Allowances for Credit Losses

The following table presents the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of December 31, 2015 and 2014 (in thousands):

	Current		30-89 Days Past Due		90-180 Days Past Due		Greater than 181 Days		Total Past Due		Total
As of December 31, 2015:
Loans and receivables from managed entities     and related parties:
Commercial finance     investment entities	$	—	$	16	$	73	$	1,200	$	1,289	$	1,289
Real estate investment entities	7,909		392		890		11,955		13,237		21,146
Financial fund management entities	1,582		—		—		—		—		1,582
RCC	2,331		—		—		—		—		2,331
Other	319		—		—		—		—		319
	12,141		408		963		13,155		14,526		26,667
Rent receivables - real estate	192		8		2		4		14		206
Total financing receivables	$	12,333	$	416	$	965	$	13,159	$	14,540	$	26,873

As of December 31, 2014:
Loans and receivables from managed entities    and related parties: (1)
Commercial finance     investment entities	$	9	$	342	$	1,124	$	18,398	$	19,864	$	19,873
Real estate investment entities	6,613		772		1,214		15,134		17,120		23,733
Financial fund management entities	583		74		—		6		80		663
RCC	2,442		—		—		—		—		2,442
Other	3,024		—		—		—		—		3,024
	12,671		1,188		2,338		33,538		37,064		49,735
Rent receivables - real estate	76		11		1		—		12		88
Total financing receivables	$	12,747	$	1,199	$	2,339	$	33,538	$	37,076	$	49,823

(1) For 2014, receivables are presented gross of an allowance for credit losses of $17.0 million related to one of the Company's commercial finance investment entities; the remaining receivables from managed entities and related parties had no related allowance for credit losses.

Summarization of Activity in the Allowance for Credit Losses for the Company's Financing Receivables

The following table summarizes the activity in the allowance for credit losses by all financing receivables (in thousands):

	Receivables from Managed Entities			Leases and Loans			Rent Receivables			Total
Year Ended December 31, 2015:
Balance, beginning of year	$	16,990		$	—		$	—		$	16,990
Provision for (reversal) of credit losses	675			(400		)	5			280
(Charge-offs) recoveries	(17,665		)	(19		)	—			(17,684		)
Recoveries	—			549			—			549
Balance, end of year	$	—		$	130		$	5		$	135
Ending balance, individually evaluated for impairment	$	—		$	130		$	5		$	135
Ending balance, collectively evaluated for impairment	—			—			—			—
Balance, end of year	$	—		$	130		$	5		$	135
Year Ended December 31, 2014:
Balance, beginning of year	$	36,229		$	—		$	14		$	36,243
Provision for (reversal) of credit losses	3,123			(62		)	(3		)	3,058
(Charge-offs) recoveries	(22,394		)	—			(11		)	(22,405		)
Recoveries	32			62			—			94
Balance, end of year	$	16,990		$	—		$	—		$	16,990
Ending balance, individually evaluated for impairment	$	16,990		$	—		$	—		$	16,990
Ending balance, collectively evaluated for impairment	—			—			—			—
Balance, end of year	$	16,990		$	—		$	—		$	16,990

Gross Financing Receivables Related to the Balance in the Allowance for Credit Losses

The Company’s financing receivables (presented exclusive of any allowance for credit losses) related to the balance in the allowance for credit losses, are as follows (in thousands):

	Receivables from Managed Entities		Rent Receivables		Leases and Loans		Total
As of December 31, 2015
Ending balance, individually evaluated for impairment	$	26,667	$	—	$	—	$	26,667
Ending balance, collectively evaluated for impairment	—		206		—		206
Balance, end of year	$	26,667	$	206	$	—	$	26,873

As of December 31, 2014:
Ending balance, individually evaluated for impairment	$	49,735	$	—	$	—	$	49,735
Ending balance, collectively evaluated for impairment	—		88		—		88
Balance, end of year	$	49,735	$	88	$	—	$	49,823

Information about Company's Impaired Financing Receivables

The following table discloses information about the Company’s impaired financing receivables (in thousands):

	Net Balance		Unpaid Balance		Specific Allowance		Average Investment in Impaired Assets
As of December 31, 2015:
Financing receivables with a specific valuation allowance:
Receivables from managed entities – commercial finance	$	—	$	—	$	—	$	13,788
Rent receivables – real estate	—		—		5		—
As of December 31, 2014:
Financing receivables with a specific valuation allowance:
Receivables from managed entities – commercial finance	$	1,295	$	18,285	$	16,990	$	36,256
Receivables from managed entities – real estate	—		—		—		—