Annual report pursuant to Section 13 and 15(d)

Segment Information (Reconciliation of EBITDA) (Details)

v3.19.1
Segment Information (Reconciliation of EBITDA) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Segment Reporting Information [Line Items]                      
Income (loss) before income taxes $ 12,988 $ 12,657 $ 13,884 $ 7,636 $ (146) $ 4,657 $ 1,187 $ (4,518) $ 47,165 $ 1,180 $ (12,286)
Interest income                 (2,504) (506) (672)
Change in fair value of contingent consideration 73 54 50 61 67 3 63 (152) 238 (19) 216
Loss on extinguishment of debt                 0 0 0
Interest                 10,796 2,710 4,262
Depreciation and amortization                 24,039 28,835 28,334
Non-cash compensation                 5,882 5,539 5,311
Amortization of retention and forgivable loans                 417 7,396 5,472
Amortization of contract acquisition costs                 9,671 0 0
Financial advisor recruiting expense                 370 5,721 1,882
Acquisition-related expense                 1,010 3,469 1,357
Loss attributable to noncontrolling interest $ (6) $ (13) $ (8) $ (1) $ 10 $ (3) $ 3 $ 5 (28) 15 42
Other                 3,392 1,661 1,853
EBITDA, as adjusted                 100,448 56,001 35,771
Severance costs                 481    
Excise and franchise tax expense                 629    
Deferred compensation liability                 5,882 5,539 5,311
Acquisition-related expenses                 1,010 3,469 1,357
Share repurchase fees and other legal matters                 21,927 19,588 14,126
Corporate                      
Segment Reporting Information [Line Items]                      
Income (loss) before income taxes                 (29,030) (19,686) (17,609)
Interest                 9,357 870 748
Depreciation and amortization                 19 34 64
Non-cash compensation                 3,844 3,692 3,519
EBITDA, as adjusted                 (15,095) (14,568) (12,785)
Independent Advisory and Brokerage Services | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income (loss) before income taxes                 62,748 19,858 15,071
Interest                 905 1,157 2,828
Depreciation and amortization                 22,403 21,455 20,406
Non-cash compensation                 1,220 1,035 1,010
EBITDA, as adjusted                 98,411 59,756 47,977
Ladenburg | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income (loss) before income taxes                 11,464 6,346 (3,674)
Interest                 62 0 4
Depreciation and amortization                 471 505 703
Non-cash compensation                 705 629 537
EBITDA, as adjusted                 12,966 8,115 (1,676)
Insurance Brokerage | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income (loss) before income taxes                 1,983 (5,338) (6,074)
Interest                 472 683 682
Depreciation and amortization                 1,146 6,841 7,161
Non-cash compensation                 113 183 245
EBITDA, as adjusted                 4,166 2,698 2,255
Other Adjustments to Income                      
Segment Reporting Information [Line Items]                      
Severance costs                   525 755
Excise and franchise tax expense                   594 508
Deferred compensation liability                 535 $ 559 $ 586
Share repurchase fees and other legal matters                 $ 1,747