v2.4.0.8
Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income available to common stockholders $ 6,563 $ 6,508
Net income (loss) attributable to the noncontrolling interest 21,185 19,652
Less net (loss) income attributable to the VIE subordinated noteholders (15,758) 2,815
Net income 11,990 28,975
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized gain – trading securities (1,014) (471)
Net realized gain – available for sale securities (74) (455)
Net realized loss - derivatives 1,996 0
Net realized loss - loans 32 0
Net realized gains - foreign exchange (122) 0
Net realized gain on sale of properties, net (15,463) 0
Realized gain – extinguishment of note payable (48) 0
Increase in other liabilities and accrued expenses 9,778 10,923
Change in unrealized depreciation (appreciation) – trading securities 1,222 (9,529)
Change in unrealized depreciation - loans 24 0
Change in unrealized depreciation - foreign exchange 77 25
Change in unrealized (appreciation) depreciation – derivatives (2,337) 1,371
Income from investments in partially-owned entities, net (3,213) (1,053)
Increase in payment in kind interest 0 267
Decrease (increase) in due from brokers, dealers, and trustees 55,412 (410)
Decrease in accrued interest and dividends receivable 594 (122)
Distribution of loss from partially-owned entities 167 242
Decrease/(increase) in deferred income tax 508 (378)
(Increase)/decrease in due from separate accounts (339) 2,344
Increase in reinsurance receivables (278) (28)
Increase in note receivable (6,071) 0
Increase in deferred policy acquisition costs (665) (432)
Increase in other assets (9,076) (2,737)
(Decrease) in accrued interest payable (126) (48)
Non-cash incentive fee 48 0
Non cash compensation expense 169 228
Non cash interest from investments in loans (189) 0
Non cash impairment of partially owned entity 40 0
Accretion of discounts and depreciation expense 5,223 4,501
Amortization and write off of deferred financing costs 26 147
Accretion of mortgage note discount 35 0
Increase/(decrease) in policy liabilities 6,062 (226)
Operating activities from VIEs (13,272) 8,951
Net cash provided by operating activities 41,116 42,085
Cash flows from investing activities:    
Purchases of subsidiaries 0 (24,925)
Purchases of trading securities and loans carried at fair value (129,719) (18,155)
Purchases of available for sale securities (7,790) (7,091)
Purchases of derivatives (1,996) 0
Purchases of real estate (21,347) 0
Purchases of loans (27,040) 0
Purchases of fixed assets (47) 0
Investment in partially-owned entities 0 (4,700)
Proceeds from principal paydowns of trading securities 0 289
Proceeds from sales of real estate 44,038 0
Increase in restricted cash (13,462) (20,753)
Acquisitions, net cash 2,138 0
Acquisition of administration servicing rights 0 (116,000)
Proceeds from loan repayments 814 229
Proceeds from sales of trading securities 45,572 63,816
Proceeds from loans receivable (15) 0
Proceeds from foreign exchange 45 0
Proceeds from sales of available for sale securities 5,411 11,659
Proceeds from maturities of available for sale securities 470 0
Proceeds from distributions paid by partially owned entities 221 4,982
Increase in policy loans (5,752) (3,200)
Margin posted for foreign exchange trade 0 (25)
Change due to consolidation of trusts (41) 0
Investing activities from VIEs (593,362) (20,889)
Net cash used in investing activities (701,862) (134,763)
Cash flows from financing activities:    
Capital distributions paid (2,557) 1,897
Dividends paid (366) (4,177)
Distribution payable to Tricadia 0 (14,540)
Proceeds from loan 58,749 0
Proceeds from issuance of notes payable 50,000 115,680
Principal payments under mortgage notes payable (740) (16,080)
Partial paydown of loan (3,917) (833)
Margin on UST short position 0 (811)
Performance Share Allocation paid in cash 0 (3,460)
Repurchase of common stock of subsidiary (2) (72)
Payment of placement costs (38) (683)
Proceeds from issuance of common units 2,757 25,000
Proceeds from borrowings under mortgage notes payables (137) 0
Non cash distribution (267) 0
Financing activities from VIEs 592,422 0
Net cash provided by financing activities 695,904 101,921
Net increase in cash 35,158 9,243
Cash and cash equivalents – unrestricted – beginning of period 88,563 97,009
Cash and cash equivalents – unrestricted – end of period 123,721 106,252
Supplemental disclosure of cash flow information:    
Cash paid for interest 6,995 7,045
Noncash investing and financing activities:    
Capital change due to equity compensation 30 433
Net assets related to acquisitions $ (378) $ 0