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Earnings / (Loss) Per Common Share (Tables) | 12 Months Ended
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Dec. 31, 2012
Schedule of Earnings / (Loss) Per Common Share | The following table presents a reconciliation of basic and diluted earnings / (loss) per common share for the periods indicated. EARNINGS / (LOSS) PER COMMON SHARE (Dollars in Thousands, except share and per share information)
|  | Year Ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Net income / (loss) attributable to IFMI |  | $ | (968 | ) |  | $ | (9,388 | ) |  | $ | 7,595 |
Add / (deduct): Income / (loss) attributable to the non-controlling interest attributable to Operating LLC membership units exchangeable into IFMI shares (1) |  |  | (857 | ) |  |  | (5,571 | ) |  |  | 3,620 |
Add / (deduct): Adjustment (2) |  |  | 307 |  |  |  | 914 |  |  |  | 260 |
Net income (loss) on a fully converted basis |  | $ | (1,518 | ) |  | $ | (14,045 | ) |  | $ | 11,475 |
Weighted average common shares outstanding — Basic |  |  | 10,732,723 |  |  |  | 10,631,935 |  |  |  | 10,404,017 |
Unrestricted Operating LLC membership units exchangeable into IFMI shares (1) |  |  | 5,252,198 |  |  |  | 5,269,323 |  |  |  | 5,283,556 |
Weighted average common shares outstanding — Diluted (3) |  |  | 15,984,921 |  |  |  | 15,901,258 |  |  |  | 15,687,573 |
Net income / (loss) per common share-Basic |  | $ | (0.09 | ) |  | $ | (0.88 | ) |  | $ | 0.73 |
Net income / (loss) per common share-Diluted |  | $ | (0.09 | ) |  | $ | (0.88 | ) |  | $ | 0.73 |
(1) | The Operating LLC membership units not held by IFMI (that is, those held by the non-controlling interest for the years ended December 31, 2012, 2011, and 2010) may be redeemed and exchanged into shares of the Company on a one-to-one basis. These units are not included in the computation of basic earnings per share. These units enter into the computation of diluted net income (loss) per common share when the effect is dilutive using the if-converted method.
(2) | An adjustment is included for the following: (i) if the Operating LLC membership units had been converted at the beginning of the period, the Company would have incurred a higher income tax expense or realized a higher income tax benefit, as applicable; and (ii) to adjust the non-controlling interest amount to be consistent with the weighted average share calculation.
(3) | Due to the net loss for the years ended December 31, 2012 and 2011, the weighted average shares calculation excluded (i) restricted Operating membership units of 5,814 and 1,807 for the years ended December 31, 2012 and 2011, respectively; (ii) restricted units of IFMI Common Stock of 12,955 and 0 for the years ended December 31, 2012 and 2011, respectively; and (iii) restricted shares of IFMI Common Stock of 125,632 and 15,617 for the years ended December 31, 2012 and 2011, respectively.

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- Definition Tabular disclosure of the reconciliation of basic net earnings per share (or unit) to diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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