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Condensed Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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| Revenues: | ||||
| Commissions | $ 98,971 | $ 83,662 | $ 192,038 | $ 163,332 |
| Advisory fees | 67,663 | 57,009 | 131,000 | 112,447 |
| Investment banking | 8,112 | 10,079 | 21,181 | 16,701 |
| Principal transactions | 429 | (401) | 849 | (802) |
| Interest and dividends | 1,702 | 1,173 | 3,313 | 2,051 |
| Service fees and other income | 16,992 | 11,863 | 32,793 | 24,371 |
| Total revenues | 193,869 | 163,385 | 381,174 | 318,100 |
| Expenses: | ||||
| Commissions and fees | 143,568 | 120,679 | 278,036 | 234,767 |
| Compensation and benefits | 21,821 | 20,941 | 45,456 | 40,581 |
| Non-cash compensation | 1,379 | 1,227 | 2,792 | 2,591 |
| Brokerage, communication and clearance fees | 2,736 | 2,566 | 5,324 | 5,008 |
| Rent and occupancy, net of sublease revenue | 1,471 | 1,606 | 2,970 | 3,282 |
| Professional services | 2,066 | 1,938 | 4,154 | 3,667 |
| Interest | 4,876 | 6,192 | 11,112 | 12,252 |
| Depreciation and amortization | 3,870 | 4,070 | 7,777 | 8,133 |
| Loss on extinguishment of debt | 3,754 | 0 | 3,754 | 0 |
| Amortization of retention loans | 1,841 | 1,791 | 3,649 | 3,583 |
| Other | 11,263 | 7,961 | 20,303 | 17,748 |
| Total expenses | 198,645 | 168,971 | 385,327 | 331,612 |
| Loss before item shown below | (4,776) | (5,586) | (4,153) | (13,512) |
| Change in fair value of contingent consideration | (144) | 647 | (121) | 6,202 |
| Loss before income taxes | (4,920) | (4,939) | (4,274) | (7,310) |
| Income tax expense | 616 | 44 | 1,139 | 652 |
| Net income (loss) | (5,536) | (4,983) | (5,413) | (7,962) |
| Net loss attributable to noncontrolling interest | (13) | 0 | (26) | 0 |
| Net loss | (5,523) | (4,983) | (5,387) | (7,962) |
| Dividends declared on preferred stock | (1,028) | 0 | (1,028) | 0 |
| Net loss available to common shareholders | $ (6,551) | $ (4,983) | $ (6,415) | $ (7,962) |
| Net loss per share available to common shareholders (basic and diluted) | $ (0.04) | $ (0.03) | $ (0.03) | $ (0.04) |
| Weighted average common shares used in computation of per share data: | ||||
| Basic and diluted | 183,488,108 | 183,551,171 | 183,685,654,000 | |
| Weighted Average Number of Shares Outstanding, Diluted | 183,488,108 | 183,551,171 | 183,473,696 | 183,685,654 |
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- Definition
Increase Decrease In Fair Value Of Contingent Consideration No definition available.
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- Definition
Other Service Fees Affiliates Net No definition available.
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- Details
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- Definition
Amount of commission revenue from buying and selling securities on behalf of customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
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- Definition
The amount of expense during the period for floor brokerage fees paid to other broker-dealers to execute trades on their behalf, stock exchange fees, order flow fees, and clearance fees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cost of borrowed funds accounted for as interest that was charged against earnings during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fees earned for providing investment advice and research to customers. Such services may include the investment management of mutual funds and separate accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Includes (1) underwriting revenue (the spread between the resale price received and the cost of the securities and related expenses) generated through the purchasing, distributing and reselling of new issues of securities (alternatively, could be a secondary offering of a large block of previously issued securities); and (2) fees earned for mergers, acquisitions, divestitures, restructurings, and other types of financial advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Details
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition
The charge against earnings in the period representing the allocation of deferred costs to periods expected to benefit from such costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents a sum total of expenses not separately reflected on the income statement for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition
The caption reflecting the net gain (loss), both realized and unrealized, arising from principal trading and principal investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Primarily represents commissions incurred in the period based upon the sale by commissioned employees or third parties of the entity's goods or services, and fees for sales assistance or product enhancements performed by third parties (such as a distributor or value added reseller). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS). No definition available.
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