Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.2.0.727
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net Investment Revenue:        
Interest Income, Financing receivables $ 8,217 $ 5,229 $ 16,545 $ 9,847
Interest Income, Investments 357 1,138 753 2,432
Rental Income 2,564 410 4,652 410
Investment Revenue 11,138 6,777 21,950 12,689
Investment interest expense (6,103) (3,684) (12,250) (7,214)
Net Investment Revenue 5,035 3,093 9,700 5,475
Provision for credit losses 0 0 0 0
Net Investment Revenue, net of provision for credit losses 5,035 3,093 9,700 5,475
Other Investment Revenue:        
Gain on sale of receivables and investments 1,557 4,272 4,426 6,246
Fee income 836 207 1,063 1,550
Other Investment Revenue 2,393 4,479 5,489 7,796
Total Revenue, net of investment interest expense and provision 7,428 7,572 15,189 13,271
Compensation and benefits (3,978) (2,924) (7,830) (4,537)
General and administrative (1,561) (1,445) (3,066) (2,598)
Acquisition costs   (1,104)   (1,104)
Other, net (34) (54) (261) (114)
Loss from equity method investments in affiliates (295)   (348)  
Other Expenses, net (5,868) (5,527) (11,505) (8,353)
Net income before income taxes 1,560 2,045 3,684 4,918
Income tax (expense) benefit (76) 830 (53) 770
Net Income 1,484 2,875 3,631 5,688
Net income attributable to non-controlling interest holders 14 47 39 107
Net Income Attributable to Controlling Shareholders $ 1,470 $ 2,828 $ 3,592 $ 5,581
Basic earnings per common share $ 0.04 $ 0.13 $ 0.10 $ 0.29
Diluted earnings per common share $ 0.04 $ 0.13 $ 0.10 $ 0.29
Weighted average common shares outstanding-basic 29,479,023 19,973,393 27,941,095 17,944,432
Weighted average common shares outstanding-diluted 29,479,023 19,973,393 27,941,095 17,944,432