Segment Information - Segment Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
Segment Reporting Information [Line Items] | ||||||
Revenues | $ 296,748 | $ 220,753 | $ 575,571 | $ 432,571 | ||
Income (loss) before income taxes | (2,833) | 3,690 | (8,125) | 8,547 | ||
EBITDA, as adjusted | 11,828 | 14,819 | 22,318 | 30,548 | ||
Identifiable assets | 578,500 | 398,912 | 578,500 | 398,912 | $ 510,758 | |
Depreciation and amortization | 6,692 | 3,787 | 13,282 | 7,625 | ||
Interest | 1,275 | 1,599 | 2,715 | 3,492 | ||
Capital expenditures | 2,399 | 2,688 | 4,789 | 4,725 | ||
Non-cash compensation | 2,424 | 2,083 | 5,684 | 4,010 | ||
Cash and cash equivalents | 124,548 | 83,741 | 124,548 | 83,741 | 103,087 | $ 50,329 |
Independent brokerage and advisory services | ||||||
Segment Reporting Information [Line Items] | ||||||
Revenues | 265,469 | 202,855 | 520,338 | 391,257 | ||
Income (loss) before income taxes | 705 | 3,676 | 1,421 | 5,741 | ||
EBITDA, as adjusted | 10,966 | 12,970 | 22,752 | 24,587 | ||
Identifiable assets | 406,385 | 313,085 | 406,385 | 313,085 | ||
Depreciation and amortization | 4,814 | 3,611 | 9,543 | 7,311 | ||
Interest | 832 | 1,281 | 1,879 | 2,854 | ||
Capital expenditures | 2,084 | 2,243 | 4,202 | 3,691 | ||
Non-cash compensation | 1,197 | 1,194 | 3,105 | 2,273 | ||
Ladenburg | ||||||
Segment Reporting Information [Line Items] | ||||||
Revenues | 17,980 | 17,818 | 31,558 | 41,155 | ||
Income (loss) before income taxes | 2,390 | 3,412 | 2,564 | 9,776 | ||
EBITDA, as adjusted | 3,275 | 3,735 | 4,667 | 10,390 | ||
Identifiable assets | 48,432 | 43,692 | 48,432 | 43,692 | ||
Depreciation and amortization | 175 | 173 | 350 | 311 | ||
Interest | 4 | 3 | 7 | 7 | ||
Capital expenditures | 27 | 483 | 36 | 926 | ||
Non-cash compensation | 151 | 153 | 335 | 305 | ||
Wholesale insurance | ||||||
Segment Reporting Information [Line Items] | ||||||
Revenues | 13,197 | 0 | 23,470 | 0 | ||
Income (loss) before income taxes | (1,759) | 0 | (4,043) | 0 | ||
EBITDA, as adjusted | 164 | 0 | (214) | 0 | ||
Identifiable assets | 61,958 | 0 | 61,958 | 0 | ||
Depreciation and amortization | 1,694 | 0 | 3,372 | 0 | ||
Interest | 171 | 0 | 339 | 0 | ||
Capital expenditures | 201 | 0 | 464 | 0 | ||
Non-cash compensation | 60 | 0 | 119 | 0 | ||
Corporate | ||||||
Segment Reporting Information [Line Items] | ||||||
Revenues | 102 | 80 | 205 | 159 | ||
Income (loss) before income taxes | (4,169) | (3,398) | (8,067) | (6,970) | ||
EBITDA, as adjusted | (2,577) | (1,886) | (4,887) | (4,429) | ||
Identifiable assets | 61,725 | 42,135 | 61,725 | 42,135 | ||
Depreciation and amortization | 9 | 3 | 17 | 3 | ||
Interest | 268 | 315 | 490 | 631 | ||
Capital expenditures | 87 | (38) | 87 | 108 | ||
Non-cash compensation | 1,016 | $ 736 | 2,125 | $ 1,432 | ||
Cash and cash equivalents | $ 58,836 | $ 58,836 | $ 38,777 |