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Consolidated Statements of Operations and Comprehensive Income / (Loss) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Net trading $ 73,611 $ 38,172 $ 29,298
Principal transactions and other income 45,506 2,103 4,573
Total revenue 130,110 49,666 49,386
Operating expenses      
Compensation and benefits 59,902 25,972 25,385
Business development, occupancy, equipment 2,708 3,402 2,995
Subscriptions, clearing, and execution 9,887 9,682 8,627
Professional fee and other operating 7,068 6,251 8,459
Depreciation and amortization 334 318 261
Impairment of goodwill 7,883
Total operating expenses 87,782 45,625 45,727
Operating income 42,328 4,041 3,659
Non-operating income / (expense)      
Interest expense, net (9,589) (7,584) (8,487)
Loss from equity method affiliates (2,955) (553)
Income / (loss) before income tax expense / (benefit) 29,784 (4,096) (4,828)
Income tax (benefit) (8,669) (523) (841)
Net income / (loss) 38,453 (3,573) (3,987)
Less: Net income / (loss) attributable to the non-controlling interest 24,248 (1,519) (1,524)
Net income / (loss) attributable to Cohen & Company Inc. $ 14,205 $ (2,054) $ (2,463)
Income / (loss) per common share-basic:      
Basic income / (loss) per common share (in dollars per share) $ 12.56 $ (1.81) $ (2.14)
Weighted average shares outstanding-basic (in shares) 1,131,085 1,136,574 1,152,073
Income / (loss) per common share-diluted:      
Diluted Income / (loss) per common share (in dollars per share) [1] $ 7.66 $ (1.81) $ (2.14)
Weighted average shares outstanding-diluted (in shares) 5,091,087 1,681,173 1,684,482
Dividends declared per common share (in dollars per share) $ 0.40 $ 0.80
Comprehensive income / (loss):      
Net income / (loss) $ 38,453 $ (3,573) $ (3,987)
Other comprehensive income / (loss) item:      
Foreign currency translation adjustments, net of tax of $0 138 (2) (118)
Other comprehensive income / (loss), net of tax of $0 138 (2) (118)
Comprehensive income / (loss) 38,591 (3,575) (4,105)
Less: comprehensive income / (loss) attributable to the non-controlling interest 24,351 (1,518) (1,562)
Comprehensive income / (loss) attributable to Cohen & Company Inc. 14,240 (2,057) (2,543)
Asset Management [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax, Total 8,759 7,560 12,536
New Issue and Advisory [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax, Total $ 2,234 $ 1,831 $ 2,979
[1] Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: Year Ended December 31, 2020 2019 2018 2017 Convertible Note 1,034,483 1,034,483 - 2013 Convertible Notes 414,882 352,292 274,917 Restricted Common Stock 15,101 26,380 - Restricted Operating LLC units 3,752 - - 1,468,218 1,413,155 274,917