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OPERATING SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Summarized Operating Segment Data
Summarized operating segment data are as follows (in thousands):
Three Months Ended June 30, 2016
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
Revenues from external customers
 
$
17,279

 
$
4,945

 
$
128

 
$

 
$
22,352

Equity in earnings (losses) of unconsolidated entities
 
1,188

 
2,598

 
1

 

 
3,787

Total revenues
 
18,467

 
7,543

 
129

 

 
26,139

Segment operating expenses
 
(10,204
)
 
(4,825
)
 
(400
)
 

 
(15,429
)
Transaction costs
 
(17
)
 
 
 
 
 
(4,023
)
 
(4,040
)
General and administrative expenses
 
(1,069
)
 
(270
)
 

 
(3,113
)
 
(4,452
)
Provision for credit losses
 
8

 

 
94

 

 
102

Depreciation and amortization
 
(311
)
 
(16
)
 

 
(179
)
 
(506
)
Gain (loss) on sale of investment securities, net
 

 
134

 

 

 
134

Impairment on investments in available for sale securities
 

 
(803
)
 

 

 
(803
)
Interest expense
 
(171
)
 

 

 
(263
)
 
(434
)
Other income (expense), net
 
150

 
317

 
8

 
(106
)
 
369

Pretax (income) loss attributable to noncontrolling interests (2)
 
(122
)
 
(1,360
)
 

 

 
(1,482
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
6,731

 
$
720

 
$
(169
)
 
$
(7,684
)
 
$
(402
)
Six Months Ended June 30, 2016
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
Revenues from external customers
 
$
34,996

 
$
9,983

 
$
208

 
$

 
$
45,187

Equity in earnings (losses) of unconsolidated entities
 
2,634

 
4,289

 
(3
)
 

 
6,920

Total revenues
 
37,630

 
14,272

 
205

 

 
52,107

Segment operating expenses
 
(21,222
)
 
(8,505
)
 
(792
)
 

 
(30,519
)
Transaction costs
 
(17
)
 

 

 
(4,023
)
 
(4,040
)
General and administrative expenses
 
(2,394
)
 
(638
)
 

 
(6,303
)
 
(9,335
)
Provision for credit losses
 
4

 

 
(11
)
 

 
(7
)
Depreciation and amortization
 
(625
)
 
(32
)
 

 
(353
)
 
(1,010
)
Gain (loss) on sale of investment securities, net
 

 
632

 

 

 
632

Impairment on available for sale securities
 

 
(901
)
 

 

 
(901
)
Interest expense
 
(342
)
 

 

 
(532
)
 
(874
)
Other income (expense), net
 
456

 
613

 
17

 
(210
)
 
876

Pretax (income) loss attributable to noncontrolling interests (2)
 
(127
)
 
(1,721
)
 

 

 
(1,848
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
13,363

 
$
3,720

 
$
(581
)
 
$
(11,421
)
 
$
5,081


Three Months Ended 
 June 30, 2015
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other (1)
 
Total
RAI
Revenues from external customers
 
$
19,705

 
$
4,190

 
$
7

 
$

 
$
23,902

Equity in (losses) earnings of unconsolidated entities
 
1,411

 
1,977

 
(5
)
 

 
3,383

Total revenues
 
21,116

 
6,167

 
2

 

 
27,285

Segment operating expenses
 
(12,082
)
 
(3,238
)
 
(458
)
 

 
(15,778
)
General and administrative expenses
 
(1,376
)
 
(451
)
 

 
(2,354
)
 
(4,181
)
Provision for credit losses
 
(194
)
 

 
(82
)
 

 
(276
)
Depreciation and amortization
 
(343
)
 
(16
)
 

 
(156
)
 
(515
)
Impairment on available for sale securities
 

 
(4,346
)
 

 

 
(4,346
)
Interest expense
 
(179
)
 

 
(1
)
 
(275
)
 
(455
)
Other income (expense), net
 
248

 
475

 
2

 
(36
)
 
689

Pretax (income) loss attributable to noncontrolling interests (2)
 
(63
)
 
(1,302
)
 

 

 
(1,365
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
7,127

 
$
(2,711
)
 
$
(537
)
 
$
(2,821
)
 
$
1,058


Six Months Ended 
 June 30, 2015
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
Revenues from external customers
 
$
35,999

 
$
9,373

 
$
20

 
$

 
$
45,392

Equity in earnings (losses) of unconsolidated entities
 
2,083

 
3,669

 
(20
)
 

 
5,732

Total revenues
 
38,082

 
13,042

 

 

 
51,124

Segment operating expenses
 
(23,581
)
 
(6,301
)
 
(1,037
)
 

 
(30,919
)
General and administrative expenses
 
(2,255
)
 
(735
)
 

 
(4,488
)
 
(7,478
)
Provision for credit losses
 
(308
)
 

 
(370
)
 

 
(678
)
Depreciation and amortization
 
(655
)
 
(32
)
 

 
(285
)
 
(972
)
Impairment on available for sale securities
 

 
(4,346
)
 

 

 
(4,346
)
Interest expense
 
(362
)
 

 
(1
)
 
(513
)
 
(876
)
Other income (expense), net
 
471

 
916

 
3

 
(387
)
 
1,003

Pretax (income) loss attributable to noncontrolling interests (2)
 
(55
)
 
(2,967
)
 

 

 
(3,022
)
Income (loss) from continuing operations, net of noncontrolling interests before taxes
 
$
11,337

 
$
(423
)
 
$
(1,405
)
 
$
(5,673
)
 
$
3,836


Segment assets
 
Real
Estate
 
Financial
Fund
Management
 
Commercial
Finance
 
All
Other
(1)
 
Total
RAI
June 30, 2016
 
$
222,430

 
$
94,907

 
$
3,632

 
$
(109,754
)
 
$
211,215

June 30, 2015
 
$
197,719

 
$
109,324

 
$
3,863

 
$
(82,003
)
 
$
228,903

 
(1)
Includes general corporate expenses and assets not allocable to any particular segment.
(2)
In viewing its segment operations, the Company includes the pretax income attributable to noncontrolling interests.  However, these interests are excluded from income (loss) 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.