v2.4.0.8
Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income available to common stockholders $ 2,096 $ 4,733
Net (loss) income attributable to non-controlling interest (449) 14,177
Net (loss) income attributable to VIE subordinated note holders (8,187) (8,821)
Net (loss) income (6,540) 10,089
Net realized (loss) gain on investments (902) (1,439)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Net realized gain on sale of properties, net 0 15,463
Increase in other liabilities and accrued expenses 1,817 2,199
Increase in due to brokers, dealers and trustees 62,874 13,886
Change in unrealized (depreciation) appreciation on investments 289 (2,500)
Net change in loans originated for sale 3,573 0
Income from investments in partially-owned entities, net (680) (1,413)
Deferred tax (benefit) expense (1,409) 1,894
Increase in other assets (5,322) (1,632)
Non cash compensation expense 580 185
Non cash interest from investments in loans (198) (111)
Accretion of discounts and depreciation expense 3,510 3,985
Amortization and write off of deferred financing costs 91 26
Accretion of mortgage note discount (141) 20
(Decrease)/increase in policy liabilities (9,477) 5,046
Operating activities from VIEs 58,405 (2,025)
Net cash provided by operating activities 100,550 20,625
Cash flows from investing activities:    
Purchases of subsidiaries (524) 0
Purchases of trading securities and loans carried at fair value (186,431) (159,923)
Purchases of available for sale securities (3,921) (4,917)
Purchases of derivatives 986 1,996
Purchases of real estate (1,098) (304)
Purchases of loans (16,882) (21,198)
Purchases of fixed assets (17) (40)
Proceeds from sales of real estate 0 44,037
Decrease/(Increase) in restricted cash 3,601 (2,572)
Acquisitions, net cash 7,213 2,138
Proceeds from loan repayments 648 562
Proceeds from sales of trading securities 248,603 32,145
Proceeds from foreign exchange 0 45
Proceeds from sales of available for sale securities 3,910 4,730
Proceeds from distributions paid by partially owned entities 210 0
Decrease/(Increase) in policy loans 9,436 (4,760)
Change due to consolidation of trusts (69) (19)
Investing activities from VIEs (341,361) (309,205)
Net cash (used in)/provided by investing activities (277,668) (421,277)
Cash flows from financing activities:    
Capital distributions paid by subsidiaries 0 (1,625)
Dividends paid 0 1,599
Proceeds from loan 59,427 111,700
Principal payments under mortgage notes payable (829) (740)
Partial paydown of borrowings (159,814) (2,500)
Payment of placement costs (176) (40)
Proceeds from issuance of common units of subsidiaries 0 1,318
Financing activities from VIEs 280,003 318,348
Net cash provided by financing activities 178,611 424,862
Net increase in cash 1,493 24,210
Cash and cash equivalents – unrestricted – beginning of period 120,557 88,563
Cash and cash equivalents – unrestricted – end of period 122,050 112,773
Supplemental disclosure of cash flow information:    
Cash paid for interest 15,703 13,082
Cash paid for taxes 2,650 318
Non-cash investing and financing activities:    
Capital change due to equity compensation 170 152
Net assets related to acquisitions 3,275 378
Non-cash financing costs $ 0 $ 0