Quarterly report pursuant to sections 13 or 15(d)

Segment Information - Segment Information (Details)

v2.4.0.8
Segment Information - Segment Information (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Dec. 31, 2012
Segment Reporting Information [Line Items]          
Revenues $ 200,489 $ 159,834 $ 581,663 $ 477,934  
Pre-tax income (loss) 2,958 (5,629) (1,316) (12,939)  
EBITDA, as adjusted 12,768 [1] 6,308 [1] 37,635 [1] 19,262 [1]  
Identifiable assets 354,835 333,836 354,835 333,836 338,129
Depreciation and amortization 3,776 3,979 11,553 12,112  
Interest 2,283 6,148 13,395 18,400  
Capital expenditures 1,301 857 4,606 3,652  
Non-cash compensation 1,647 1,054 4,439 3,645  
Commissions 101,469 80,599 293,507 243,931  
Series A Preferred Stock
          
Segment Reporting Information [Line Items]          
Commissions     5,148    
Series A Preferred Stock | Additional paid-in capital
          
Segment Reporting Information [Line Items]          
Commissions     2,603    
Series A Preferred Stock | Employee brokerage commission expenses
          
Segment Reporting Information [Line Items]          
Commissions     2,545    
Independent brokerage and advisory services
          
Segment Reporting Information [Line Items]          
Revenues 184,085 149,201 535,702 [2] 442,993  
Pre-tax income (loss) 4,428 (2,003) 4,414 (3,000)  
EBITDA, as adjusted 12,819 7,701 [1] 37,562 [1] 22,534 [1]  
Identifiable assets 315,401 310,724 315,401 310,724  
Depreciation and amortization 3,550 3,759 10,880 11,430  
Interest 1,906 4,942 10,830 14,850  
Capital expenditures 823 853 3,575 3,631  
Non-cash compensation 851 244 2,109 1,210  
Independent brokerage and advisory services | Series A Preferred Stock
          
Segment Reporting Information [Line Items]          
Commissions     908    
Ladenburg
          
Segment Reporting Information [Line Items]          
Revenues 16,325 10,560 50,890 [2] 34,758  
Pre-tax income (loss) 2,329 (317) 9,095 (160)  
EBITDA, as adjusted 2,697 83 [1] 10,268 [1],[3] 1,233 [1]  
Identifiable assets 34,526 21,208 34,526 21,208  
Depreciation and amortization 214 203 626 631  
Interest 3 3 71 75  
Capital expenditures 478 4 1,031 15  
Non-cash compensation 163 195 486 687  
Ladenburg | Series A Preferred Stock
          
Segment Reporting Information [Line Items]          
Commissions     4,240    
Corporate
          
Segment Reporting Information [Line Items]          
Revenues 79 73 (4,929) [4] 183  
Pre-tax income (loss) (3,799) [5] (3,309) [5] (14,825) [3],[5] (9,779) [5]  
EBITDA, as adjusted (2,748) (1,476) [1] (10,195) [1],[3] (4,505) [1]  
Identifiable assets 4,908 1,904 4,908 1,904  
Depreciation and amortization 12 17 47 51  
Interest 374 1,203 2,494 3,475  
Capital expenditures 0 0 0 6  
Non-cash compensation $ 633 $ 615 $ 1,844 $ 1,748  
[1] The following table reconciles EBITDA, as adjusted, to pre-tax income (loss) for the three and nine months ended September 30, 2013 and 2012: Three months ended September 30 Nine months ended September 30, EBITDA, as adjusted2013 2012 2013 2012Independent Brokerage and Advisory Services$12,819 $7,701 $37,562 $22,534Ladenburg2,697 83 10,268 1,233Corporate(2,748) (1,476) (10,195) (4,505)Total segments12,768 6,308 37,635 19,262 Adjustments: Interest income55 47 145 140Change in fair value of contingent consideration— 909 (121) 7,111Loss on extinguishment of debt(446) — (4,200) —Interest expense(2,283) (6,148) (13,395) (18,400)Depreciation and amortization(3,776) (3,979) (11,553) (12,112)Non-cash compensation expense(1,647) (1,054) (4,439) (3,645)Amortization of retention loans(1,690) (1,712) (5,339) (5,295)Loss attributable to noncontrolling interest(23) — (49) —Pre-tax income (loss)$2,958 $(5,629) $(1,316) $(12,939)
[2] Includes brokerage commissions of $4,240 and $908 in the Ladenburg and Independent brokerage and advisory services segments, respectively, related to the sale of the Company's Series A Preferred Stock (eliminated in consolidation).
[3] Includes the elimination of $2,545, consisting of $5,148 of revenue net of employee brokerage commission expenses of $2,603 charged to additional paid-in capital related to sale of the Company's Series A Preferred Stock
[4] Includes the elimination of $5,148 of revenue referred to in footnote (1).
[5] Includes interest on revolving credit and forgivable loan notes, compensation, professional fees and other general and administrative expenses