OTHER ASSETS AND OTHER LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2012

	December 31,
	2012		2011
Prepaid bonuses	$	31,847	$	36,797
Deferred tax assets	41,567		47,617
Investments accounted for under the cost method and equity method	31,414		35,960
Forgivable employee loans and advances to employees	31,655		23,909
Software inventory, net	4,615		6,909
Financial instruments owned	25,250		6,864
Deferred financing fees (1)	8,074		10,290
Other (1)	28,774		30,323
Total Other assets	$	203,196	$	198,669

(1) Balances as of December 31, 2011 have been reclassified for comparative presentation.

Schedule of impairment charges related to investment in third party brokerage firm

	Year Ended December 31,
	2012		2011
Impairment charges (Included within Other expenses).	$	5,362	$	6,349

Schedule of other liabilities

	December 31,
	2012		2011
Deferred revenues	$	7,247	$	16,879
Payroll related liabilities	15,418		16,364
Future purchase commitment and contingent consideration liabilities	3,727		13,681
Deferred tax liabilities	7,943		14,962
Unrecognized tax benefits	8,957		11,187
Financial instruments sold, not yet purchased	1,481		976
Other	38,801		23,514
Total Other liabilities	$	83,574	$	97,563

- Definition

Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income.

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