PARENT COMPANY INFORMATION (Tables) (Parent Company)

12 Months Ended

Dec. 31, 2012

Parent Company

Condensed Statements of Financial Condition

(In thousands, except share and per share data)

	December 31,
	2012			2011
Assets
Cash and cash equivalents	$	216		$	127
Investments in subsidiaries, equity basis	453,186			414,021
Advances to subsidiaries	189,189			258,951
Other assets	37,758			33,857
TOTAL ASSETS	$	680,349		$	706,956
Liabilities and stockholders’ equity
LIABILITIES
Long-term obligations	$	250,000		$	250,000
Other liabilities	5,267			9,744
Total Liabilities	255,267			259,744
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; 5,000,000 shares authorized, none outstanding at December 31, 2012 and 2011	—			—
Common stock, $0.01 par value; 400,000,000 shares authorized and 134,689,148 and 131,669,676 shares issued at December 31, 2012 and 2011, respectively	1,347			1,317
Additional paid in capital	374,798			365,835
Retained earnings	121,415			160,934
Treasury stock, 17,313,686 and 14,145,038 common shares at cost at December 31, 2012 and 2011, respectively	(75,020		)	(73,919		)
Accumulated other comprehensive income (loss)	2,542			(6,955		)
Total Stockholders’ Equity	425,082			447,212
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	680,349		$	706,956

Condensed Statements of Operations and Comprehensive (Loss) Income

(In thousands)

	Year Ended December 31,
	2012			2011			2010
Revenues:
Interest income	$	39		$	110		$	4
Expenses:
Interest expense	24,968			22,618			9,210
Other expenses	1,284			996			1,028
Total expenses	26,252			23,614			10,238
Loss before benefit from income taxes and equity in earnings of subsidiaries	(26,213		)	(23,504		)	(10,234		)
Benefit from income taxes	6,097			8,226			1,892
Loss before equity in earnings of subsidiaries	(20,116		)	(15,278		)	(8,342		)
Equity in earnings of subsidiaries, net of tax	10,163			12,097			33,957
GFI’s net (loss) income	$	(9,953	)	$	(3,181	)	$	25,615
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustment	9,244			(3,050		)	2,054
Unrealized gain(loss) on available-for-sale securities, net of tax	253			(1,486		)	182
GFI’s comprehensive (loss) income	$	(456	)	$	(7,717	)	$	27,851

Condensed Statements of Cash Flows

(In thousands)

	Year Ended December 31,
	2012			2011			2010
CASH FLOWS FROM OPERATING ACTIVITIES:
GFI’S net (loss) income	$	(9,953	)	$	(3,181	)	$	25,615
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Income from equity method investments	(10,163		)	(12,097		)	(33,957		)
Amortization of loan fees	2,175			1,709			939
Share-based compensation	386			449			315
Changes in operating assets and liabilities:
Other assets	(5,942		)	(8,338		)	(1,880		)
Other liabilities	(4,477		)	5,683			201
Cash used in operating activities	(27,974		)	(15,775		)	(8,767		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in subsidiaries	684			138			963
Receipts from subsidiaries	69,988			28,876			59,745
Cash provided by investing activities	70,672			29,014			60,708
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of short-term borrowings	195,000			(190,000		)	(40,000		)
Proceeds from short-term borrowings	(195,000		)	55,000			60,000
Proceeds from long-term obligations	—			250,000			—
Repayments of long-term obligations	—			(60,000		)	—
Purchases of treasury stock	(12,939		)	(35,868		)	(22,609		)
Cash dividends paid	(29,566		)	(24,180		)	(54,658		)
Payment of loan fees	(134		)	(8,891		)	(2,720		)
Proceeds from exercise of stock options	30			75			645
Cash used in financing activities	(42,609		)	(13,864		)	(59,342		)
Increase (decrease) in cash and cash equivalents	89			(625		)	(7,401		)
Cash and cash equivalents, beginning of year	127			752			8,153
Cash and cash equivalents, end of year	$	216		$	127		$	752

SUPPLEMENTAL DISCLOSURE:
Interest paid	$	22,845		$	12,614		$	8,778