Quarterly report pursuant to Section 13 or 15(d)

Segment Information - Reconciliation of EBITDA (Details)

v3.19.2
Segment Information - Reconciliation of EBITDA (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Segment Reporting Information [Line Items]        
Income (loss) before income taxes $ 9,513 $ 13,884 $ 14,341 $ 21,520
Interest income (714) (508) (1,256) (878)
Change in fair value of contingent consideration 85 50 197 111
Interest 5,573 2,154 10,622 4,020
Depreciation and amortization 5,906 5,762 11,811 11,571
Non-cash compensation expense 1,444 1,568 2,938 3,062
Amortization of retention and forgivable loans 109 107 252 183
Amortization of contract acquisition costs 2,874 2,361 5,651 4,571
Financial advisor recruiting expense 2 89 9 176
Acquisition-related expense 3 0 24 913
Income attributable to noncontrolling interest (20) (8) (21) (9)
Other 1,917 380 2,517 763
EBITDA, as adjusted 26,692 25,839 47,085 46,003
Non-cash compensation expense 1,444 1,568 2,938 3,062
Professional services 5,269 5,311 9,704 10,329
Other Adjustments to Income        
Segment Reporting Information [Line Items]        
Loss On Severance 1,099 86 1,109 174
Excise and franchise tax expense 134 169 282 322
Non-cash compensation expense 703 125 857 267
Professional services (19)   269  
Corporate        
Segment Reporting Information [Line Items]        
Income (loss) before income taxes (11,444) (5,635) (21,623) (12,861)
Interest 5,367 1,707 10,282 3,083
Depreciation and amortization 6 5 11 8
EBITDA, as adjusted (4,136) (3,063) (8,313) (8,002)
Non-cash compensation expense 1,010 1,026 2,066 1,977
Independent Advisory and Brokerage Services | Operating Segments        
Segment Reporting Information [Line Items]        
Income (loss) before income taxes 17,834 16,708 32,096 27,388
Interest 147 263 232 550
Depreciation and amortization 5,308 5,423 10,617 10,875
EBITDA, as adjusted 26,776 25,221 49,574 45,232
Non-cash compensation expense 255 309 514 619
Ladenburg | Operating Segments        
Segment Reporting Information [Line Items]        
Income (loss) before income taxes 2,112 1,979 3,333 6,292
Interest 2 13 (11) 48
Depreciation and amortization 119 111 239 223
EBITDA, as adjusted 2,404 2,268 4,007 6,919
Non-cash compensation expense 179 177 358 353
Insurance Brokerage | Operating Segments        
Segment Reporting Information [Line Items]        
Income (loss) before income taxes 1,011 832 535 701
Interest 57 171 119 339
Depreciation and amortization 473 223 944 465
EBITDA, as adjusted 1,648 1,413 1,817 1,854
Non-cash compensation expense $ 0 $ 56 $ 0 $ 113