Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net Investment Revenue:        
Interest Income, Financing receivables $ 6,234 $ 4,581 $ 16,081 $ 10,676
Interest Income, Investments 822 599 3,254 616
Rental Income 1,187   1,597  
Investment Revenue 8,243 5,180 20,932 11,292
Investment interest expense (3,974) (2,590) (11,188) (6,895)
Net Investment Revenue 4,269 2,590 9,744 4,397
Provision for credit losses            
Net Investment Revenue, net of provision for credit losses 4,269 2,590 9,744 4,397
Other Investment Revenue:        
Gain on sale of receivables and investments 3,361 1,885 9,608 2,770
Fee income 183 321 1,732 1,249
Other Investment Revenue 3,544 2,206 11,340 4,019
Total Revenue, net of investment interest expense and provision 7,813 4,796 21,084 8,416
Compensation and benefits (3,111) (1,979) (7,648) (10,422)
General and administrative (1,433) (866) (4,031) (2,793)
Depreciation and amortization of intangibles (62) (61) (185) (277)
Acquisition costs     (1,104)  
Other interest expense       (56)
Other income 2 4 11 18
Unrealized gain on derivative instruments       15
Other Expenses, net (4,604) (2,902) (12,957) (13,515)
Net income (loss) before income taxes 3,209 1,894 8,127 (5,099)
Income tax (expense) benefit (607)   163  
Net Income (Loss) 2,602 1,894 8,290 (5,099)
Net income (loss) attributable to non-controlling interest holders 38 52 145 (1,970)
Net Income (Loss) Attributable to Controlling Shareholders $ 2,564 $ 1,842 $ 8,145 $ (3,129)
Basic earnings per common share $ 0.11 $ 0.11 $ 0.40 $ (0.20)
Diluted earnings per common share $ 0.11 $ 0.11 $ 0.40 $ (0.20)
Weighted average common shares outstanding-basic 21,774,411 15,795,118 19,235,121 15,642,629
Weighted average common shares outstanding-diluted 21,774,411 15,795,118 19,235,121 15,642,629