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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Real estate $ 79,130 $ 54,861 $ 57,143
Financial fund management 20,411 29,118 19,773
Commercial finance 314 (164) (341)
Total revenues 99,855 83,815 76,575
COSTS AND EXPENSES:      
Real estate 47,303 37,411 40,612
Financial fund management 13,687 14,902 10,155
Commercial finance 1,976 979 56
General and administrative 15,825 11,118 10,268
Provision for credit losses 280 3,058 4,265
Depreciation and amortization 1,961 1,819 1,936
Total expenses 81,032 69,287 67,292
OPERATING INCOME (LOSS) 18,823 14,528 9,283
OTHER INCOME (EXPENSE):      
Gain (loss) on sale of investment securities, net 0 445 0
Other-than-temporary impairment on investments (4,677) 0 (214)
Interest expense (1,775) (1,905) (2,036)
Other income, net 1,718 2,532 2,816
Other (expense) income (4,734) 1,072 566
Income (loss) from continuing operations before taxes 14,089 15,600 9,849
Income tax provision (benefit) 5,857 5,853 1,657
Loss from discontinued operations, net of tax 0 0 (2)
Net income (loss) 8,232 9,747 8,190
Net (income) loss attributable to noncontrolling interests (2,044) (729) (20)
Net income (loss) attributable to common shareholders 6,188 9,018 8,170
Amounts attributable to common shareholders:      
Income (loss) from continuing operations 6,188 9,018 8,172
Discontinued operations 0 0 (2)
Net income (loss) $ 6,188 $ 9,018 $ 8,170
Basic earnings per share:      
Continuing operations (in dollars per share) $ 0.28 $ 0.43 $ 0.40
Discontinued operations (in dollars per share) 0.00 0.00 0.00
Basic earnings per common share (in dollars per share) $ 0.28 $ 0.43 $ 0.40
Weighted average shares outstanding (in shares) 22,218 21,148 20,217
Diluted earnings per share:      
Continuing operations (in dollars per share) $ 0.28 $ 0.40 $ 0.37
Discontinued operations (in dollars per share) 0.00 0.00 0.00
Diluted earnings per common share (in dollars per share) $ 0.28 $ 0.40 $ 0.37
Weighted average shares outstanding (in shares) 22,489 22,371 21,905