Annual report pursuant to Section 13 and 15(d)

Segment Information (Reconciliation of EBITDA) (Details)

v3.20.1
Segment Information (Reconciliation of EBITDA) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Segment Reporting Information [Line Items]                      
Income before income taxes $ 369 $ 15,297 $ 9,513 $ 4,828 $ 12,988 $ 12,657 $ 13,884 $ 7,636 $ 30,007 $ 47,165 $ 1,180
Interest income                 (2,906) (2,504) (506)
Change in fair value of contingent consideration 374 93 85 112 73 54 50 61 664 238 (19)
Interest                 23,119 10,796 2,710
Depreciation and amortization                 22,294 24,039 28,835
Non-cash compensation                 6,106 5,882 5,539
Amortization of retention and forgivable loans                 549 417 7,396
Amortization of contract acquisition costs                 11,759 9,671 0
Financial advisor recruiting expense                 55 370 5,721
Acquisition-related expense                 5,887 1,010 3,469
Loss attributable to noncontrolling interest $ (16) $ 79 $ (20) $ (1) $ (6) $ (13) $ (8) $ (1) 42 (28) 15
Other                 3,655 3,392 1,661
EBITDA, as adjusted                 101,231 100,448 56,001
Severance costs                 1,697    
Excise and franchise tax expense                 548    
Deferred compensation liability                 6,106 5,882 5,539
Share repurchase fees and other legal matters                 19,403 21,927 19,588
Reversal of write off of sublease commitment                 (275)    
Corporate                      
Segment Reporting Information [Line Items]                      
Income before income taxes                 (50,756) (29,030) (19,686)
Interest                 22,393 9,357 870
Depreciation and amortization                 22 19 34
Non-cash compensation                 4,375 3,844 3,692
EBITDA, as adjusted                 (17,320) (15,095) (14,568)
Independent Advisory and Brokerage Services | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income before income taxes                 65,517 62,748 19,858
Interest                 478 905 1,157
Depreciation and amortization                 19,901 22,403 21,455
Non-cash compensation                 1,016 1,220 1,035
EBITDA, as adjusted                 99,408 98,411 59,756
Ladenburg | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income before income taxes                 10,501 11,464 6,346
Interest                 13 62 0
Depreciation and amortization                 485 471 505
Non-cash compensation                 715 705 629
EBITDA, as adjusted                 11,498 12,966 8,115
Insurance Brokerage | Operating Segments                      
Segment Reporting Information [Line Items]                      
Income before income taxes                 4,745 1,983 (5,338)
Interest                 235 472 683
Depreciation and amortization                 1,886 1,146 6,841
Non-cash compensation                 0 113 183
EBITDA, as adjusted                 7,645 4,166 2,698
Other Adjustments to Income                      
Segment Reporting Information [Line Items]                      
Severance costs                   481 525
Excise and franchise tax expense                   629 594
Deferred compensation liability                 1,470 535 $ 559
Share repurchase fees and other legal matters                 $ 215 $ 1,747