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Investments in Equity-Method Investees (Tables) | 6 Months Ended
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Jun. 30, 2013
Equity Method Investments and Joint Ventures [Abstract] |
Summarized data of combined balance sheet and results of operations for our equity-method investees | In the following tables, we summarize (in thousands) combined balance sheet and results of operations data for our equity-method investees:
| As of
| June 30, 2013 |  | December 31, 2012
Loans and fees receivable pledged as collateral under structured financings, at fair value | $ | 41,761 |  |  | $ | 53,375 |
Investments in non-marketable debt securities, at fair value | $ | 39,163 |  |  | $ | 46,564 |
Total assets | $ | 104,239 |  |  | $ | 114,375 |
Notes payable associated with structured financings, at fair value | $ | 17,585 |  |  | $ | 29,279 |
Total liabilities | $ | 17,824 |  |  | $ | 29,558 |
Members’ capital | $ | 86,415 |  |  | $ | 84,817 |
| Three months ended June 30, |  | Six months ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Net interest income, fees and related income on earning assets | $ | 1,937 |  |  | $ | 7,084 |  |  | $ | 10,574 |  |  | $ | 21,371 |
Total other operating income | $ | 176 |  |  | $ | 846 |  |  | $ | 514 |  |  | $ | 929 |
Net income | $ | 1,631 |  |  | $ | 7,214 |  |  | $ | 10,045 |  |  | $ | 20,704 |
Net income attributable to our equity investment in investee | $ | 957 |  |  | $ | 3,539 |  |  | $ | 5,264 |  |  | $ | 9,556 |
As previously noted, in June 2013, we increased, from 50.0% to 66.7% our overall ownership in a joint venture formed in 2004 to purchase a credit card receivables portfolio. We continue to account for this investment using the equity method of accounting due to specific voting and veto rights held by each investor, which do not allow us to control this investee. The additional June 2013 investment in this investee was made at a discount to the fair value of the investee's assets, thereby resulting in a gain of approximately $0.9 million for us in the three months ended June 30, 2013 based on the investee's reporting of substantially all of its assets at their fair values under its fair value option election. The above tables include our aforementioned 50.0% interest in the joint venture that purchased in March 2011 the outstanding notes issued out of our U.K. Portfolio structured financing trust. Separate financial data for this entity are as follows:
| As of
| June 30, 2013 |  | December 31, 2012
Investments in non-marketable debt securities, at fair value | $ | 39,163 |  |  | $ | 46,564 |
Total assets | $ | 40,696 |  |  | $ | 47,125 |
Total liabilities | $ | — |  |  | $ | — |
Members’ capital | $ | 40,696 |  |  | $ | 47,125 |
| Three months ended June 30, |  | Six months ended June 30,
| 2013 |  | 2012 |  | 2013 |  | 2012
Net interest income, fees and related (loss) income on earning assets | $ | (964 | ) |  | $ | 4,010 |  |  | $ | 6,266 |  |  | $ | 4,557 |
Net (loss) income | $ | (976 | ) |  | $ | 3,998 |  |  | $ | 6,243 |  |  | $ | 4,524 |
Net (loss) income attributable to our equity investment in investee | $ | (487 | ) |  | $ | 284 |  |  | $ | 3,122 |  |  | $ | 804 |

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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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