Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Interest income, receivables $ 12,756 $ 13,637 $ 25,604 $ 27,755
Interest income, investments 1,589 1,358 3,129 2,301
Rental income 5,967 4,863 11,909 8,972
Gain on sale of receivables and investments 14,208 7,726 20,465 11,675
Fee income 1,306 691 2,627 1,372
Total revenue 35,826 28,275 63,734 52,075
Expenses        
Interest expense 19,033 15,361 37,744 29,144
Compensation and benefits 6,335 5,659 11,656 10,385
General and administrative 3,535 3,139 6,336 5,327
Total expenses 28,903 24,159 55,736 44,856
Income before equity method investments 6,923 4,116 7,998 7,219
Income (loss) from equity method investments 10,583 8,377 8,298 12,548
Income (loss) before income taxes 17,506 12,493 16,296 19,767
Income tax (expense) benefit (153) (83) (171) (114)
Net income (loss) 17,353 12,410 16,125 19,653
Net income (loss) attributable to non-controlling interest holders 91 70 86 114
Net income (loss) attributable to controlling stockholders $ 17,262 $ 12,340 $ 16,039 $ 19,539
Basic earnings per common share (in usd per share) $ 0.32 $ 0.23 $ 0.29 $ 0.38
Diluted earnings per common share (in usd per share) $ 0.32 $ 0.23 $ 0.29 $ 0.38
Weighted average common shares outstanding—basic (in shares) 52,051,253 50,573,996 51,882,021 49,044,051
Weighted average common shares outstanding—diluted (in shares) 52,051,253 50,573,996 51,882,021 49,044,051