Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue      
Interest income, receivables $ 67,711 $ 56,734 $ 48,202
Interest income, investments 6,636 5,079 1,822
Rental income 24,606 19,831 11,933
Gain on sale of receivables and investments 32,928 20,956 17,425
Fee income 5,927 2,973 1,816
Total revenue 137,808 105,573 81,198
Expenses      
Interest expense 76,874 65,472 45,241
Compensation and benefits 25,651 19,708 18,877
General and administrative 13,503 10,762 8,293
Total expenses 116,028 95,942 72,411
Income before equity method investments 21,780 9,631 8,787
Income (loss) from equity method investments 22,162 22,289 6,110
Income before income taxes 43,942 31,920 14,897
Income tax (expense) benefit (2,144) (885) (141)
Net income (loss) 41,798 31,035 14,756
Net income (loss) attributable to non-controlling interest holders 221 179 104
Net income (loss) attributable to controlling stockholders $ 41,577 $ 30,856 $ 14,652
Basic earnings per common share (in usd per share) $ 0.75 $ 0.57 $ 0.32
Diluted earnings per common share (in usd per share) $ 0.75 $ 0.57 $ 0.32
Weighted average common shares outstanding-basic (in shares) 52,780,449 50,361,672 40,290,717
Weighted average common shares outstanding-diluted (in shares) 52,780,449 50,361,672 40,290,717