Quarterly report pursuant to sections 13 or 15(d)

Segment Information - Reconciliation of EBITDA (Details)

v2.4.0.6
Segment Information - Reconciliation of EBITDA (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Segment Reporting Information [Line Items]    
EBITDA, as adjusted $ 13,961 [1] $ 5,308 [1]
Interest income 39 45
Change in fair value of contingent consideration 23 5,555
Interest expense (6,236) (6,060)
Depreciation and amortization (3,907) (4,063)
Non-cash compensation expense (1,413) (1,364)
Amortization of retention loans (1,808) (1,792)
Loss attributable to noncontrolling interest 13 0
Pre-tax income (loss) 646 (2,371)
Independent Brokerage and Advisory Services
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted 12,296 [1] 6,464 [1]
Interest expense (4,956) (4,966)
Depreciation and amortization (3,684) (3,823)
Non-cash compensation expense (668) (528)
Pre-tax income (loss) 1,229 953
Ladenburg
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted 4,246 [1] 288 [1]
Interest expense (3) (3)
Depreciation and amortization (206) (223)
Non-cash compensation expense (156) (272)
Pre-tax income (loss) 3,881 (208)
Corporate
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted (2,581) [1] (1,444) [1]
Interest expense (1,277) (1,091)
Depreciation and amortization (17) (17)
Non-cash compensation expense (589) (564)
Pre-tax income (loss) $ (4,464) [2] $ (3,116) [2]
[1] The following table reconciles EBITDA, as adjusted, to pre-tax income (loss) for the three months ended March 31, 2013 and 2012: Three months ended March 31, EBITDA, as adjusted2013 2012Independent Brokerage and Advisory Services$12,296 $6,464Ladenburg4,246 288Corporate(2,581) (1,444)Total segments13,961 5,308 Adjustments: Interest income39 45Change in fair value of contingent consideration23 5,555Interest expense(6,236) (6,060)Depreciation and amortization(3,907) (4,063)Non-cash compensation expense(1,413) (1,364)Amortization of retention loans(1,808) (1,792)Loss attributable to noncontrolling interest(13) —Pre-tax income (loss)$646 $(2,371)
[2] Includes interest on revolving credit and forgivable loan notes, compensation, professional fees and other general and administrative expenses.