FINANCING RECEIVABLES (Tables)

3 Months Ended

Mar. 31, 2016

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

The following table is the aging of the Company’s financing receivables (presented gross of allowance for credit losses) as of March 31, 2016 (in thousands):



	Current		30-89 Days Past Due		90-180 Days Past Due		Greater than 181 Days		Total Past Due		Total
Loans and receivables from managed entities and related parties:
Commercial finance investment entities	$	—	$	18	$	60	$	966	$	1,044	$	1,044
Real estate investment entities	3,832		330		755		9,397		10,482		14,314
Financial fund management entities	1,191		31		28		21		80		1,271
RSO	2,888		—		—		—		—		2,888
Other	2,910		—		—		—		—		2,910
	10,821		379		843		10,384		11,606		22,427
Rent receivables - real estate	192		1		1		5		7		199
Total financing receivables	$	11,013	$	380	$	844	$	10,389	$	11,613	$	22,626

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



	Current		30-89 Days Past Due		90-180 Days Past Due		Greater than 181 Days		Total Past Due		Total
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
RSO	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

Summary 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 for all financing receivables (in thousands):



	Receivables from Managed Entities		Leases and Loans			Rent Receivables		Total
Three Months Ended March 31, 2016:
Balance, beginning of period	$	—	$	130		$	5	$	135
Provision for (reversal) of credit losses	—		105			4		109
(Charge-offs) recoveries	—		(242		)	—		(242		)
Recoveries	—		27			—		27
Balance, end of period	$	—	$	20		$	9	$	29

Ending balance, individually evaluated for impairment	$	—	$	20		$	9	$	29
Ending balance, collectively evaluated for impairment	—		—			—		—
Balance, end of period	$	—	$	20		$	9	$	29

Three Months Ended March 31, 2015
Balance, beginning of period	$	16,990	$	—		$	—	$	16,990
Provision for (reversal) of credit losses	369		32			1		402
(Charge-offs) recoveries	—		(32		)	—		(32		)
Balance, end of period	$	17,359	$	—		$	1	$	17,360

Ending balance, individually evaluated for impairment	$	17,359	$	—		$	1	$	17,360
Ending balance, collectively evaluated for impairment	—		—			—		—
Balance, end of period	$	17,359	$	—		$	1	$	17,360

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) relate to the balance in the allowance for credit losses, as follows (in thousands):



As of March 31, 2016:	Receivables from Managed Entities		Rent Receivables		Total
Ending balance, individually evaluated for impairment	$	22,427	$	—	$	22,427
Ending balance, collectively evaluated for impairment	—		199		199
Balance, end of period	$	22,427	$	199	$	22,626



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

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 March 31, 2016:
Financing receivables with a specific valuation allowance:
Rent receivables – real estate	$	—	$	—	$	9	$	—

As of December 31, 2015:
Financing receivables with a specific valuation allowance:
Loans and receivables from managed entities – commercial finance	$	—	$	—	$	—	$	13,788
Rent receivables – real estate	—		—		5		—