v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Realized and unrealized gains:        
Net realized (loss) gain on investments $ (1,044) $ (1,593) $ (902) $ (1,439)
Change in unrealized (depreciation) appreciation on investments (227) (3,058) 289 (2,500)
Change in unrealized (depreciation) appreciation on investments 336 1,324 680 1,413
Net realized and unrealized (loss) gain (935) (3,327) 67 (2,526)
Investment income:        
Interest income 4,938 4,188 10,301 7,215
Separate account fees 5,525 5,504 11,012 10,810
Administrative service fees 12,589 12,165 24,941 24,096
Rental revenue 4,393 1,094 8,839 1,916
Gain on sale of loans held for sale, net 1,782 0 2,734 0
Other income 1,137 158 1,867 376
Total investment income 30,364 23,109 59,694 44,413
Total net realized and unrealized gains and investment income 29,429 19,782 59,761 41,887
Expenses:        
Interest expense 6,259 4,063 12,221 7,898
Payroll expense 12,513 8,896 23,083 17,524
Professional fees 2,824 2,580 3,914 3,952
Change in future policy benefits 1,072 1,196 2,197 2,313
Mortality expenses 2,583 2,638 5,225 5,252
Commission expense 174 619 1,158 1,174
Depreciation and amortization expenses 1,803 1,223 3,366 2,166
Other expenses 3,901 3,021 10,057 6,495
Total expenses 31,129 24,236 61,221 46,774
Net (loss) income before taxes and income attributable to consolidated CLOs from continuing operations (1,700) (4,454) (1,460) (4,887)
Results of consolidated CLOs:        
Income attributable to consolidated CLOs 12,849 5,655 24,835 22,219
Expenses attributable to consolidated CLOs 14,997 11,417 28,989 21,238
Net (loss) income attributable to consolidated CLOs (2,148) (5,762) (4,154) 981
Income before taxes from continuing operations (3,848) (10,216) (5,614) (3,906)
Provision for income taxes 497 1,816 926 3,115
(Loss) income from continuing operations (4,345) (12,032) (6,540) (7,021)
Discontinued operations:        
Income from discontinued operations, net 0 806 0 1,647
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax   15,463   15,463
Provision for income taxes 0 0 0 0
Discontinued operations, net 0 16,269 0 17,110
Net (loss) income (4,345) 4,237 (6,540) 10,089
Less: Net (loss) income attributable to noncontrolling interest (747) 10,072 (449) 14,177
Less: Net (loss) income attributable to VIE subordinated noteholders (4,669) (9,250) (8,187) (8,821)
Net income available to common stockholders $ 1,071 $ 3,415 $ 2,096 $ 4,733
Net income (loss) per Class A common share:        
Basic, continuing operations, net $ 0.10 $ (1.26) $ 0.20 $ (1.21)
Basic, discontinued operations, net $ 0.00 $ 1.59 $ 0.00 $ 1.67
Net income basic $ 0.10 $ 0.33 $ 0.20 $ 0.46
Diluted, continuing operations, net $ 0.10 $ (1.26) $ 0.20 $ (1.21)
Diluted, discontinued operations, net $ 0 $ 1.59 $ 0 $ 1.67
Net income dilutive $ 0.10 $ 0.33 $ 0.20 $ 0.46
Weighted average number of Class A common shares:        
Basic 10,617,863 10,243,951 10,602,311 10,242,733
Diluted 10,617,863 10,243,951 10,602,311 10,242,733