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Acquisitions and Investments (Tables)
12 Months Ended
Dec. 31, 2013
Business Acquisition [Line Items]  
Activity In Allowance For Tax Certificate Losses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Years Ended December 31,

 

 

2013

 

2012

 

2011

Balance, beginning of period

$

3,559 

 

7,488 

 

8,811 

Charge-offs

 

(4,078)

 

(2,917)

 

(5,019)

Recoveries

 

884 

 

282 

 

913 

Net charge-offs

 

(3,194)

 

(2,635)

 

(4,106)

Sale of BankAtlantic (1)

 

 -

 

(2,926)

 

 -

Provision (2)

 

145 

 

1,632 

 

2,783 

Balance, end of period

$

510 

 

3,559 

 

7,488 

 

Woodbridge Holdings, LLC [Member]
 
Business Acquisition [Line Items]  
Investment in Joint Venture Under The Equity Method

 

 

 

 

 

From  April 2, 2013

 

 

Through

 

 

December 31, 2013

Cash to Woodbridge

$

60,404 

Note payable to Woodbridge

 

11,750 

Increase in additional paid-in capital

 

13,337 

Investment in Woodbridge - Beginning of period

 

85,491 

Equity earnings in Woodbridge

 

13,461 

Dividends received from Woodbridge

 

(20,379)

Investment in Woodbridge - End of period

$

78,573 

 

Summary Of Statement Of Financial Condition And Statement Of Operations

 

 

December 31,

 

 

2013

Assets

 

 

Cash and restricted cash

$

224,104 

Notes receivable, net

 

467,319 

Inventory of real estate

 

204,256 

Intangible assets

 

64,142 

Other assets

 

126,494 

  Total assets

$

1,086,315 

Liabilities and Equity

 

 

Accounts payable, accrued liabilities and other

$

193,682 

Notes payable

 

537,500 

Junior subordinated debentures

 

147,431 

  Total liabilities

 

878,613 

  Total Woodbridge members' equity

 

169,981 

Noncontrolling interest

 

37,721 

  Total equity

 

207,702 

  Total liabilities and equity

$

1,086,315 

 

 

 

 

 

 

 

 

 

 

 

For the Nine

 

 

Months Ended

 

 

December 31, 2013

Total revenues

 

399,708 

Total costs and expenses

 

341,938 

Other income

 

209 

Income from continuing operations before taxes

 

57,979 

Provision for income taxes

 

(18,409)

Income from continuing operations

 

39,570 

Discontinued operations:

 

 

(Loss) income from discontinued operations, net of tax

 

(332)

Net income

 

39,238 

Net income attributable to noncontrolling interest

 

(9,974)

Net income attributable to Woodbridge

$

29,264 

 

Renin Corp [Member]
 
Business Acquisition [Line Items]  
Summary Of Statement Of Financial Condition And Statement Of Operations

 

 

 

 

 

 

Fair value of identifiable assets

 

 

acquired and liabilities assumed:

 

 

Cash

$

1,033 

Trade receivables

 

7,523 

Inventories

 

9,858 

Properties and equipment

 

6,134 

Intangible assets

 

2,686 

Other assets

 

477 

Notes payable

 

(2,493)

Other liabilities

 

(9,011)

Fair value of identifiable net assets

 

16,207 

Transaction Consideration

 

15,206 

Bargain purchase gain 

 

(1,001)

 

 

 

Transaction Consideration

 

15,206 

Working capital adjustment receivable

 

1,694 

Holdback payment

 

(500)

Discount on holdback payment

 

46 

Cash acquired

 

(1,033)

Net cash outflows from acquisitions, net of cash acquired

 

15,413 

 

 

 

 

Revenues and Loss Before Income Taxes from Operations Included in the Company’s Consolidated Statement of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings

 

 

Revenue

 

(Loss)

Actual from 10/30/2013 - 12/31/2013

$

9,300 

 

(902)

 

 

 

 

 

Pro forma from 1/1/2013 - 12/31/2013

$

65,629 

 

(4,923)

 

 

 

 

 

Pro forma from 1/1/2012 - 12/31/2012

$

74,018 

 

(318)

 

 

 

 

 

Pro forma from 1/1/2011 - 12/31/2011

$

75,059 

 

(3,685)