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RELATED PARTY TRANSACTIONS AND FEES (Tables) | 12 Months Ended
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Dec. 31, 2015
Related Party Transactions And Fees Tables |
Schedule of fees and cost reimbursements | The fees and cost reimbursements paid to Pillar, TCI and related parties are detailed below (dollars in thousands):
Fees: |  |  | 2015 |  |  |  | 2014 |  |  |  | 2013 |
Advisory |  |  | 704 |  |  |  | 692 |  |  |  | 830 |
Net income |  |  | 187 |  |  |  | 203 |  |  |  | 695 |
Tax sharing agreement |  |  |  |  |  |  | 946 |  |  |  | 3,055 |
|  | $ | 891 |  |  | $ | 1,841 |  |  | $ | 4,580 |
Other Expense: |  |  |  |  |  |  |  |  |  |  |  |
Cost reimbursements |  |  | 240 |  |  |  | 237 |  |  |  | 234 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Interest received |  | $ | 1,636 |  |  | $ | 1,692 |  |  | $ | 2,364 |
|  |  | 1,636 |  |  |  | 1,692 |  |  |  | 2,364 |
Schedule of transactions between IOT, Pillar, and TCI | The following table reconciles the beginning and ending balances of amounts receivable from related parties as of December 31, 2015 (dollars in thousands):
|  | TCI |  |  | Pillar |  |  | Total |
Balance, December 31, 2014 |  | $ | 40,460 |  |  | $ | — |  |  | $ | 40,460 |
Cash transfers |  |  | — |  |  |  | 7,619 |  |  |  | 7,619 |
Advisory fees |  |  | — |  |  |  | (704 | ) |  |  | (704 | )
Net income fee |  |  | — |  |  |  | (187 | ) |  |  | (187 | )
Cost reimbursements |  |  | — |  |  |  | (240 | ) |  |  | (240 | )
Expenses paid by advisor |  |  | — |  |  |  | (1,370 | ) |  |  | (1,370 | )
Financing (mortgage payments) |  |  | — |  |  |  | (1,224 | ) |  |  | (1,224 | )
Significant transaction |  |  | — |  |  |  | (9,546 | ) |  |  | (9,546 | )
Interest income |  |  | 1,636 |  |  |  | — |  |  |  | 1,636 |
Income tax expense |  |  | — |  |  |  | (807) |  |  |  | (807) |
Deferred tax asset |  |  | (1,324) |  |  |  | --- |  |  |  | (1,324) |
Purchase of obligation |  |  | (6,459 | ) |  |  | 6,459 |  |  |  | — |
Balance, December 31, 2015 |  | $ | 34,313 |  |  | $ | — |  |  | $ | 34,313 |

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- References No definition available. + Details
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- Definition It refers to Schedule Of Transaction Between Iot Pillar And Tci in the given financial period. + References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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