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Discontinued Operations (Notes) | 12 Months Ended
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Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | 3. Discontinued operations OMHHF historically was engaged in the business of originating and servicing FHA-insured multifamily and healthcare facility loans and securitizing these loans into GNMA mortgage backed securities. OMHHF offered mortgage services to developers of commercial properties including apartments, elderly housing and nursing homes that satisfy FHA criteria. OMHHF maintained a mortgage servicing portfolio for which it provided a full array of services, including the collection of mortgage payments from mortgagors which were passed on to the mortgage holders, construction loan management and asset management. The Company owns an 83.68% controlling interest in OMHHF. The 16.32% noncontrolling interest belongs to one related party who is the President and Chief Executive Officer of OMHHF. On June 2, 2016, OMHHF entered into a definitive agreement to sell OMHHF's entire portfolio of permanent mortgage loans (consisting of over 480 permanent loans insured by the U.S. Department of Housing and Urban Development), including the associated mortgage servicing rights. On June 20, 2016, OMHHF completed the transaction for cash consideration of approximately $45.0 million. An amount equal to $1.4 million was withheld from the purchase price until such time as one loan in the mortgage loan portfolio becomes current or is modified. The Company recorded a net gain of $14.9 million related to this transaction which was included in discontinued operations in the consolidated statement of operations during the second quarter of 2016. During the second quarter of 2016, OMHHF also sold its business pipeline of mortgage loans for approximately $1.5 million. During the third quarter of 2016, th e Company recognized the $1.4 million that was withheld from the purchase price of the permanent mortgage loans as a result of the loan being modified as a gain. Also, OMHHF sold its construction loan portfolio and the associated mortgage servicing rights for approximately $3.8 million. OMHHF made a dividend distribution to the noncontrolling interest in the amount of $5.7 million during the three month period ended September 30, 2016. The Company determined that the sale of the assets of OMHHF met the criteria to be classified within discontinued operations, and the results of OMHHF are reported as discontinued operations in the consolidated statement of operations. Prior-period amounts have been recast for discontinued operations. The following is a summary of the assets and liabilities held for sale of OMHHF as of December 31, 2016 and December 31, 2015:
(Expressed in thousands) |  |  |  |
|  | December 31, 2016 |  | December 31, 2015
ASSETS |  |  |  |
Securities owned |  | $ | 3,560 |  |  | $ | 562 |
Loans held for sale |  | — |  |  | 60,234 |
Mortgage servicing rights |  | — |  |  | 28,168 |
Other assets |  | 1,628 |  |  | 10,917 |
Total assets |  | $ | 5,188 |  |  | $ | 99,881 |
LIABILITIES |  |  |  |
Accounts payable and other liabilities |  | $ | 1,217 |  |  | $ | 64,124 |
Deferred tax liability |  | — |  |  | 10,556 |
Total liabilities |  | $ | 1,217 |  |  | $ | 74,680 |
The following is a summary of revenue and expenses of OMHHF for the years ended December 31, 2016, 2015 and 2014:
(Expressed in thousands) |  |  |  |  |
| For the Years Ended December 31,
| 2016 |  | 2015 |  | 2014
REVENUE |  |  |  |  |
Interest | $ | 943 |  |  | $ | 1,999 |  |  | $ | 1,739 |
Principal transactions, net | (9,022 | ) |  | 5,323 |  |  | 2,184 |
Gain on sale of assets | 16,475 |  |  | — |  |  | — |
Other | 16,917 |  |  | 23,262 |  |  | 19,406 |
Total revenue | 25,313 |  |  | 30,584 |  |  | 23,329 |
EXPENSES |  |  |  |  |
Compensation and related expenses | 4,311 |  |  | 12,406 |  |  | 10,245 |
Communications and technology | 221 |  |  | 361 |  |  | 420 |
Occupancy and equipment costs | 415 |  |  | 302 |  |  | 341 |
Interest | 408 |  |  | 994 |  |  | 845 |
Other | 2,619 |  |  | 7,382 |  |  | 2,932 |
Total expenses | 7,974 |  |  | 21,445 |  |  | 14,783 |
Income before income taxes | $ | 17,339 |  |  | $ | 9,139 |  |  | $ | 8,546 |
Income attributable to noncontrolling interest before income taxes | $ | 2,830 |  |  | $ | 1,491 |  |  | $ | 1,395 |
The following is a summary of cash flows of OMHHF for the years ended December 31, 2016, 2015 and 2014:
(Expressed in thousands) |  |  |  |  |
| For the Years Ended December 31,
| 2016 |  | 2015 |  | 2014
Cash (used in) provided by operating activities | $ | (14,097 | ) |  | $ | 3,322 |  |  | $ | 6,877 |
Cash provided by investing activities | 45,448 |  |  | — |  |  | — |
Cash used in financing activities (1) | (35,421 | ) |  | (249 | ) |  | (251 | )
Net (decrease) increase in cash and cash equivalents | $ | (4,070 | ) |  | $ | 3,073 |  |  | $ | 6,626 |
(1) Includes cash dividends paid to its parent (E.A. Viner International Co.) and noncontrolling interest of $29.4 million and $5.7 million, respectively, for the year ended December 31, 2016. Intraperiod U.S. GAAP tax allocation rules require that the Company allocates its provision for income taxes between continuing operations and other categories of earnings, such as discontinued operations. The tax effect related to categories other than continuing operations is generally their incremental tax effect. As a result, since the Company has a loss before income taxes from continuing operations and income from discontinued operations, the Company must first allocate an income tax benefit for the loss in continuing operations and then the incremental tax effect in discontinued operations.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
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