Quarterly report pursuant to sections 13 or 15(d)

Condensed Consolidated Statements Of Cash Flows

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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Statement of Cash Flows [Abstract]    
Net loss $ 123 $ (2,979)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Change in fair value of contingent consideration (23) (5,555)
Adjustment to deferred rent (187) (158)
Amortization of intangible assets 2,936 2,925
Amortization of debt discount 498 500
Amortization of debt issue cost 119 120
Amortization of retention loans 1,808 1,792
Depreciation and amortization 971 1,138
Deferred income taxes 262 488
Benefit attributable to reduction of goodwill 19 13
Non-cash interest expense on forgivable loans 467 321
Non-cash compensation expense 1,413 1,364
Disposal of fixed assets 146 2
(Increase) decrease in operating assets:    
Securities owned at fair value (988) (3,115)
Receivables from clearing broker (3,535) 5,375
Receivables from other broker-dealers (483) (772)
Other receivables, net (140) 194
Notes receivable from financial advisors, net (38) (1,324)
Cash surrender value of life insurance 233 860
Other assets 806 (2,160)
Increase (decrease) in operating liabilities:    
Securities sold, but not yet purchased, at fair value 14 (45)
Accrued compensation (1,947) (2,421)
Accrued interest (151) 1,657
Commissions and fees payable 977 2,506
Deferred compensation liability (331) (907)
Accounts payable and accrued liabilities 171 (2,745)
Net cash provided by operating activities 3,140 (2,926)
Cash flows from investing activities:    
Purchases of fixed assets (912) (701)
Net cash used in investing activities activities (912) (701)
Cash flows from financing activities:    
Issuance of common stock 325 521
Repurchases of common stock (157) (358)
Principal borrowings under revolving credit facility, net 460 1,000
Principal payments on other notes payable (57) (54)
Third party investment in minority interest 60 0
Net cash provided by financing activities 631 1,109
Net increase in cash and cash equivalents 2,859 (2,518)
Cash and cash equivalents, beginning of period 35,434 31,597
Cash and cash equivalents, end of period 38,293 29,079
Supplemental cash flow information    
Interest paid 5,920 3,462
Taxes paid $ 217 $ 140