Quarterly report pursuant to sections 13 or 15(d)

Segment Information - Reconciliation of EBITDA (Details)

v2.4.0.8
Segment Information - Reconciliation of EBITDA (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Segment Reporting Information [Line Items]    
EBITDA, as adjusted $ 14,573 [1] $ 13,961 [1],[2]
Interest Income 53 39
Change in fair value of contingent consideration 12 23
Loss on extinguishment of debt (314) 0
Interest expense (1,893) (6,236)
Depreciation and amortization (3,838) (3,907)
Non-cash compensation expense (1,927) (1,413)
Amortization of retention loans (1,788) (1,808)
Net loss attributable to noncontrolling interest (21) (13)
Pre-tax income 4,857 646 [1]
Independent brokerage and advisory services
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted 10,461 [1] 12,072 [1],[2]
Interest expense (1,573) (4,956)
Depreciation and amortization (3,700) (3,684)
Non-cash compensation expense (1,079) (668)
Pre-tax income 2,066 1,005 [1]
Ladenburg
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted 6,655 [1] 4,204 [1],[2]
Interest expense (3) (3)
Depreciation and amortization (138) (206)
Non-cash compensation expense (153) (156)
Pre-tax income 6,364 3,839 [1]
Corporate
    
Segment Reporting Information [Line Items]    
EBITDA, as adjusted (2,543) [1] (2,315) [1],[2]
Interest expense (317) (1,277)
Depreciation and amortization 0 (17)
Non-cash compensation expense (695) (589)
Pre-tax income $ (3,573) [3] $ (4,198) [1],[3]
[1] Management fees paid by the Company's operating segments to the Company have been reclassified within segments to conform to the current period’s presentation.
[2] Three months ended March 31.EBITDA, as adjusted2014 2013Independent Brokerage and Advisory Services$10,461 $12,072Ladenburg6,655 4,204Corporate(2,543) (2,315)Total Segments14,573 13,961 Adjustments: Interest Income53 39Change in fair value of contingent consideration12 23Loss on extinguishment of debt(314) —Interest expense(1,893) (6,236)Depreciation and amortization(3,838) (3,907)Non-cash compensation expense(1,927) (1,413)Amortization of retention loans(1,788) (1,808)Net loss attributable to noncontrolling interest(21) (13)Pre-tax income$4,857 $646
[3] Includes interest on revolving credit and forgivable loan notes, compensation, professional fees and other general and administrative expenses.