XML 87 R72.htm IDEA: XBRL DOCUMENT v3.20.4
Selected Quarterly Financial Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2020
Notes Tables  
Quarterly Financial Information [Table Text Block]
   
Dec 2020
    
Sep 2020
    
Jun 2020
    
Mar 2020
    
Dec 2019
    
Sep 2019
    
Jun 2019
    
Mar 2019
  
                                                                 
Total revenues    
66,365
     $
21,856
     $
24,119
     $
17,770
     $
16,090
     $
11,267
     $
11,169
     $
11,140
  
Operating expenses
                                                                
Compensation and benefits    
23,479
      
10,965
      
11,324
      
14,134
      
6,159
      
7,017
      
6,432
      
6,364
  
Business development, occupancy, equipment    
671
      
641
      
640
      
756
      
926
      
770
      
895
      
811
  
Subscriptions, clearing, and execution    
2,517
      
2,242
      
2,548
      
2,580
      
2,950
      
2,403
      
2,056
      
2,273
  
Professional fee and other operating    
1,838
      
1,851
      
1,597
      
1,782
      
1,942
      
1,440
      
1,190
      
1,679
  
Depreciation and amortization    
85
      
85
      
84
      
80
      
79
      
80
      
78
      
81
  
Impairment of goodwill    
-
      
-
      
-
      
7,883
      
-
      
-
      
-
      
-
  
Total operating expenses
    
28,590
      
15,784
      
16,193
      
27,215
      
12,056
      
11,710
      
10,651
      
11,208
  
Operating income / (loss)
    
37,775
      
6,072
      
7,926
      
(9,445
 )    
4,034
      
(443
 )    
518
      
(68
 )
Non-operating income / (expense)
                                                                
Interest income (expense)    
(1,951
 )    
(1,952
 )    
(3,081
 )    
(2,605
 )    
(2,255
 )    
(1,536
 )    
(1,939
 )    
(1,854
 )
Income / (loss) from equity method affiliates    
(244
 )    
(1,371
 )    
(1,233
 )    
(107
 )    
(188
 )    
(109
 )    
(248
 )    
(8
 )
Income/(loss) before income taxes
    
35,580
      
2,749
      
3,612
      
(12,157
 )    
1,591
      
(2,088
 )    
(1,669
 )    
(1,930
 )
Income tax expense / (benefit)    
(8,046
 )    
(594
 )    
343
      
(372
 )    
394
      
(170
 )    
(641
 )    
(106
 )
Net income / (loss)
    
43,626
      
3,343
      
3,269
      
(11,785
 )    
1,197
      
(1,918
 )    
(1,028
 )    
(1,824
 )
Less: Net income / (loss) attributable to the non-controlling interest    
28,875
      
1,688
      
2,368
      
(8,683
 )    
423
      
(702
 )    
(618
 )    
(622
 )
Net income / (loss) attributable to Cohen & Company Inc.
   $
14,751
     $
1,655
     $
901
     $
(3,102
 )   $
774
     $
(1,216
 )   $
(410
 )   $
(1,202
 )
                                                                 
Earnings / (loss) per common share — basic   $
13.78
     $
1.44
     $
0.78
     $
(2.70
 )   $
0.69
     $
(1.06
 )   $
(0.36
 )   $
(1.06
 )
Weighted average common shares outstanding — basic    
1,070,377
      
1,146,941
      
1,160,144
      
1,146,879
      
1,125,311
      
1,143,909
      
1,143,909
      
1,133,166
  
Earnings / (loss) per common share — diluted
   $
7.64
     $
1.19
     $
0.69
     $
(2.70
 )   $
0.56
     $
(1.06
 )   $
(0.36
 )   $
(1.06
 )
Weighted average common shares outstanding — diluted    
5,207,263
      
5,115,583
      
5,020,453
      
3,940,677
      
2,757,194
      
1,676,318
      
1,676,318
      
1,665,575