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Segment Reporting (Details 2) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Mar. 31, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Jun. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010
Reconciliation of segment profit (loss) to income (loss) from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment profit (loss) |  |  |  |  |  |  |  |  |  |  | $ 9,004 | [1] | $ 30,550 | [1] | $ 422,315 | [1]
Less: Provision for loan losses |  |  |  |  |  |  |  |  |  |  | (81,740) |  | (46,412) |  | (331,487) |
Less: Impairment of assets |  |  |  |  |  |  |  |  |  |  | (36,354) |  | (22,386) |  | (22,381) |
Less: Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  | (15,293) |  | (29,702) |  | (19,355) |
Less: Depreciation and amortization |  |  |  |  |  |  |  |  |  |  | (70,786) |  | (63,928) |  | (70,786) |
Less: Income tax (expense) benefit |  |  |  |  |  |  |  |  |  |  | (8,445) |  | 4,719 |  | (7,023) |
Add: Gain (loss) on early extinguishment of debt, net |  |  |  |  |  |  |  |  |  |  | (37,816) |  | 101,466 |  | 108,923 |
Net income (loss) | $ (79,948) | [2] | $ (64,306) | $ (51,129) | $ (46,048) | $ (28,915) | [3] | $ (54,661) | $ (26,020) | $ 83,902 | $ (241,430) |  | $ (25,693) |  | $ 80,206 |
[1] | The following is a reconciliation of segment profit (loss) to net income (loss) ($ in thousands): For the Years Ended December 31, 2012 2011 2010Segment profit (loss)$9,004 $30,550 $422,315Less: Provision for loan losses(81,740) (46,412) (331,487)Less: Impairment of assets(36,354) (22,386) (22,381)Less: Stock-based compensation expense(15,293) (29,702) (19,355)Less: Depreciation and amortization(70,786) (63,928) (70,786)Less: Income tax (expense) benefit(8,445) 4,719 (7,023)Add: Gain (loss) on early extinguishment of debt, net(37,816) 101,466 108,923Net income (loss)$(241,430) $(25,693) $80,206
[2] | During the quarter ended December 31, 2012, the Company recorded a loss on early extinguishment of debt of $31.0 million primarily related to a prepayment penalty on the early repayment of 8.625% Senior Notes, as well as a loss due to the acceleration of unamortized fees and discounts related to the refinancing of the 2011 Secured Credit Facilities (see Note 8). The Company also recorded $27.9 million related to Income from sales of residential property. During the quarter ended March 31, 2012, the Madison Funds recorded a significant gain related to the sale of an investment for which the Company recorded its $13.7 million proportionate share.
[3] | During the quarter ended December 31, 2011, the Company sold a substantial portion of its interests in Oak Hill Advisors, L.P. and related entities which resulted in a net gain of $30.3 million (see Note 6). During the quarter ended June 30, 2011, the Company recorded interest income of $26.3 million related to certain non-performing loans that were resolved, including interest not previously recorded due to the loans being on non-accrual status. During the quarter ended March 31, 2011, the Company recorded a gain on early extinguishment of debt of $109.0 million for the redemption of its $312.3 million remaining principal amount of 10% senior secured notes due June 2014.

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