Annual report pursuant to section 13 and 15(d)

Segment Information (Detail)

v2.4.0.6
Segment Information (Detail) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Segment Reporting Information [Line Items]                      
Revenues $ 172,177 $ 159,834 $ 163,385 $ 154,715 $ 107,269 $ 48,898 $ 60,231 $ 57,202 $ 650,111 $ 273,600 $ 194,526
Pre-tax income (loss) (1,953) (5,629) (4,939) (2,371)         (14,892) (12,302) (10,090)
EBITDA, as adjusted                 30,504 [1] 8,422 [1] 2,701 [1]
Identifiable assets 338,129       347,145       338,129 347,145 101,825
Depreciation and amortization                 16,061 5,632 3,978
Interest                 24,541 6,543 3,241
Capital expenditures                 5,477 1,439 608
Non-cash compensation                 4,744 4,014 5,439
Independent Brokerage and Advisory Services
                      
Segment Reporting Information [Line Items]                      
Revenues                 598,851 [2] 230,897 [2] 151,379 [2]
Pre-tax income (loss)                 (6,087) [2] 1,787 [2] 1,086 [2]
EBITDA, as adjusted                 30,566 [1] 12,181 [1] 5,287 [1]
Identifiable assets 318,005 [2]       322,245 [2]       318,005 [2] 322,245 [2] 78,306 [2]
Depreciation and amortization                 15,158 [2] 4,567 [2] 2,290 [2]
Interest                 19,803 [2] 3,191 [2] 26 [2]
Capital expenditures                 5,356 [2] 1,381 [2] 498 [2]
Non-cash compensation                 1,640 [2] 1,072 [2] 1,735 [2]
Ladenburg
                      
Segment Reporting Information [Line Items]                      
Revenues                 45,701 41,459 41,194
Pre-tax income (loss)                 65 (3,131) (4,364)
EBITDA, as adjusted                 1,829 [1] (1,032) [1] (1,264) [1]
Identifiable assets 17,636       18,437       17,636 18,437 21,484
Depreciation and amortization                 835 996 1,620
Interest                 79 89 16
Capital expenditures                 115 58 110
Non-cash compensation                 850 1,014 1,464
Corporate
                      
Segment Reporting Information [Line Items]                      
Revenues                 5,559 1,244 1,953
Pre-tax income (loss)                 (8,870) [3] (10,958) [3] (6,812) [3]
EBITDA, as adjusted                 (1,891) [1] (2,727) [1] (1,322) [1]
Identifiable assets 2,488       6,463       2,488 6,463 2,035
Depreciation and amortization                 68 69 68
Interest                 4,659 3,263 3,199
Capital expenditures                 6 0 0
Non-cash compensation                 $ 2,254 $ 1,928 $ 2,240
[1] The following table reconciles EBITDA, as adjusted, to pre-tax loss for the years ended December 31, 2012, 2011 and 2010:
[2] Includes Premier Trust from September 1, 2010 and Securities America from November 4, 2011.
[3] Includes interest on revolving credit and forgivable loan notes, compensation, acquisition related expenses, professional fees and other general and administrative expenses.