Quarterly report pursuant to sections 13 or 15(d)

Segment Information

v2.3.0.11
Segment Information
 6 Months Ended
Jun. 30, 2011
Segment Information
10.
Segment Information

The Company has three operating segments. The Ladenburg segment includes the investment banking, sales and trading and asset management services and investment activities conducted by Ladenburg and LTAM. The independent brokerage and advisory services segment includes the broker-dealer and investment advisory services provided by Investacorp and Triad to their independent contractor financial advisors. The Premier segment includes the trust services provided by Premier.

Segment information for the three months ended June 30, 2011 and 2010 was as follows:

   
Ladenburg
    
Independent
Brokerage and
Advisory Services
    
Premier
    
Corporate
    
Total
  
                               
2011
                              
Revenues
   $ 13,185     $ 46,485     $ 647     $  (86 )(1)   $ 60,231  
Pre-tax income (loss)
     525       1,852       (36 )     (1,820 )(2)     521  
Identifiable assets
     26,064       78,919       2,839       1,738       109,560  
Depreciation and amortization
     267       572       39       17       895  
Interest
     1       9       —       810       820  
Capital expenditures
     12       50       11       —       73  
Non-cash compensation
     353       122       25       627       1,127  
                                         
2010
                                        
Revenues
   $ 11,575     $ 35,914       —     $  95 (1)   $ 47,584  
Pre-tax (loss) income
     (657 )     604       —       (1,988 )(2)     (2,041 )
Identifiable assets
     21,277       71,256       —       803       93,336  
Depreciation and amortization
     446       555       —       17       1,018  
Interest
     4       4       —       928       936  
Capital expenditures
     6       12       —       —       18  
Non-cash compensation     536       485       —       584       1,605  

Segment information for the six months ended June 30, 2011 and 2010 was as follows:

   
Ladenburg
    
Independent
Brokerage and
Advisory Services
    
Premier
    
Corporate
    
Total
  
                               
2011
                              
Revenues
   $ 28,451     $ 87,894     $ 1,344     $  (256 )(1)   $ 117,433  
Pre-tax income (loss)
     2,102       3,044       19       (3,889 )(2)     1,276  
Identifiable assets
     26,064       78,919       2,839       1,738       109,560  
Depreciation and amortization
     533       1,143       78       34       1,788  
Interest
     82       15       —       1,551       1,648  
Capital expenditures
     21       73       15       —       109  
Non-cash compensation
     609       231       51       1,193       2,084  
                                         
2010
                                        
Revenues
   $ 22,197     $ 69,303       —     $    55 (1)   $ 91,555  
Pre-tax (loss) income
     (2,440 )     448       —       (4,213 )(2)     (6,205 )
Identifiable assets
     21,277       71,256       —       803       93,336  
Depreciation and amortization
     889       1,111       —       34       2,034  
Interest
     9       14       —       1,869       1,892  
Capital expenditures
     88       35       —       —       123  
Non-cash compensation     1,007       1,088       —       1,270       3,365  
 
 
(1)
Includes consolidation and elimination entries
 
(2)
Includes interest, compensation, professional fees and other general and administrative expenses.