Segment And Geographic Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment And Geographic Information [Abstract]

Schedule Of Segment Reporting Information

SEGMENT INFORMATION
Statement of Operations Information
Three Months Ended March 31, 2020
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Net trading	$	18,561	$	-	$	-	$	18,561	$	-	$	18,561
Asset management		-		1,615		-		1,615		-		1,615
Principal transactions and other income		9		116		(2,531)		(2,406)		-		(2,406)
Total revenues		18,570		1,731		(2,531)		17,770		-		17,770
Salaries/Wages		11,910		1,117		-		13,027		1,107		14,134
Other Operating Expense		3,277		477		50		3,804		1,394		5,198
Impairment of goodwill		7,883		-		-		7,883		-		7,883
Total operating expenses		23,070		1,594		50		24,714		2,501		27,215
Operating income (loss)		(4,500)		137		(2,581)		(6,944)		(2,501)		(9,445)
Interest income (expense)		(75)		-		-		(75)		(2,530)		(2,605)
Income (loss) from equity method affiliates		-		200		(307)		(107)		-		(107)
Income (loss) before income taxes		(4,575)		337		(2,888)		(7,126)		(5,031)		(12,157)
Income tax expense (benefit)		-		-		-		-		(372)		(372)
Net income (loss)		(4,575)		337		(2,888)		(7,126)		(4,659)		(11,785)
Less: Net income (loss) attributable to the non-controlling interest		-		-		-		-		(8,683)		(8,683)
Net income (loss) attributable to Cohen & Company Inc.	$	(4,575)	$	337	$	(2,888)	$	(7,126)	$	4,024	$	(3,102)
Other statement of operations data
Depreciation and amortization (included in total operating expense)	$	4	$	1	$	-	$	5	$	75	$	80

SEGMENT INFORMATION
Statement of Operations Information
Three Months Ended March 31, 2019
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Net trading	$	8,724	$	-	$	-	$	8,724	$	-	$	8,724
Asset management		-		2,002		-		2,002		-		2,002
Principal transactions and other income		1		97		316		414		-		414
Total revenues		8,725		2,099		316		11,140		-		11,140
Salaries/Wages		4,547		1,122		-		5,669		695		6,364
Other Operating Expense		2,911		693		100		3,704		1,140		4,844
Impairment of goodwill		-		-		-		-		-		-
Total operating expenses		7,458		1,815		100		9,373		1,835		11,208
Operating income (loss)		1,267		284		216		1,767		(1,835)		(68)
Interest (expense) income		(55)		-		-		(55)		(1,799)		(1,854)
Income (loss) from equity method affiliates		-		-		(8)		(8)		-		(8)
Income (loss) before income taxes		1,212		284		208		1,704		(3,634)		(1,930)
Income tax expense (benefit)		-		-		-		-		(106)		(106)
Net income (loss)		1,212		284		208		1,704		(3,528)		(1,824)
Less: Net income (loss) attributable to the non-controlling interest		-		-		-		-		(622)		(622)
Net income (loss) attributable to Cohen & Company Inc.	$	1,212	$	284	$	208	$	1,704	$	(2,906)	$	(1,202)
Other statement of operations data
Depreciation and amortization (included in total operating expense)	$	5	$	1	$	-	$	6	$	75	$	81

(1) Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the chief operating decision maker.

Reconciliation Of Assets From Segment To Consolidated

BALANCE SHEET DATA
As of March 31, 2020
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Total Assets	$	6,564,241	$	1,348	$	15,873	$	6,581,462	$	15,078	$	6,596,540
Included within total assets:
Investment in equity method affiliates	$	-	$	-	$	5,789	$	5,789	$		$	5,789
Goodwill (2)	$	54	$	55	$	-	$	109	$	-	$	109
Intangible assets (2)	$	166	$	-	$	-	$	166	$	-	$	166

BALANCE SHEET DATA
December 31, 2019
(Dollars in Thousands)
	Capital		Asset		Principal		Segment		Unallocated
	Markets		Management		Investing		Total		(1)		Total
Total Assets	$	7,968,491	$	1,616	$	18,689	$	7,988,796	$	12,828	$	8,001,624
Included within total assets:
Investment in equity method affiliates	$	-	$	-	$	3,799	$	3,799	$	-	$	3,799
Goodwill (2)	$	7,937	$	55	$	-	$	7,992	$	-	$	7,992
Intangible assets (2)	$	166	$	-	$	-	$	166	$	-	$	166

(1)Unallocated assets primarily include: (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets.  Such amounts are excluded in business segment reporting to the chief operating decision maker.

(2)Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.

Revenue By Geographic Area

GEOGRAPHIC DATA
(Dollars in Thousands)
	Three Months Ended March 31,
		2020	2019
Total Revenues:
United States	$	16,942	$	10,082
Europe & Other		828		1,058
Total	$	17,770	$	11,140