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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income before attribution to non-controlling stockholders $ (9,644) $ (2,565) $ 25,919
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 36,624 38,943 34,431
Share-based compensation 32,404 32,772 26,674
Tax expense related to share-based compensation 2,213 1,764 2,042
Amortization of prepaid bonuses and forgivable loans 26,549 33,652 25,707
Benefit from deferred taxes (3,311) (4,866) (22,632)
(Gains) losses on foreign exchange derivative contracts, net (2,011) 415 (3,529)
(Gains) losses from equity method investments, net (575) (1,223) 29
Amortization of loan fees 2,175 1,709 939
Provision for doubtful accounts 319 250 (829)
Loss on disposal of fixed assets 155 590 121
Impairment of investments 5,362 8,829  
Mark-to-market of future purchase commitment (9,545) (6,941) (200)
Mark-to-market of equity warrants 2,475    
Gain on remeasurement of previously held equity interest 215   (3,695)
Other non-cash charges, net 269 (617) (358)
(Increase) decrease in operating assets:      
Cash and securities segregated under federal and other regulations (26,572) 12,171 (16,841)
Commissions receivable 20,726 7,847 4,222
Receivables from brokers, dealers and clearing organizations (9,068) 18,862 (56,116)
Other assets (46,515) (44,956) (34,368)
Increase (decrease) in operating liabilities:      
Accrued compensation (47,894) 14,554 6,069
Accounts payable and accrued expenses (19,881) (8,125) (10,473)
Payables to brokers, dealers and clearing organizations 75,406 (82,889) 104,287
Payables to clearing services customers 18,718 (5,044) 9,345
Other liabilities 71 (10,553) 5,362
Cash provided by operating activities 48,665 4,579 96,106
CASH FLOWS FROM INVESTING ACTIVITIES:      
Business acquisitions, net of cash acquired, and purchases of intangible and other assets   (3,300) (28,655)
Proceeds from other investments 1,106 1,062 662
Proceeds from notes receivable   882 1,000
Purchases of other investments (3,121) (11,300) (24,647)
Purchase of property, equipment and leasehold improvements (5,907) (10,694) (8,536)
Payments for internally developed software (11,394) (12,663) (4,678)
Proceeds on foreign exchange derivative contracts 6,480 5,893 13,575
Payments on foreign exchange derivative contracts (2,669) (11,172) (6,695)
Issuance of notes receivable   (4,953) (800)
Cash used in investing activities (15,505) (46,245) (58,774)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from short-term borrowings 195,000 55,000 60,000
Repayments of short-term borrowings (195,000) (190,000) (40,000)
Proceeds from long-term obligations   250,000  
Repayment of long-term obligations   (60,000)  
Purchases of treasury stock (12,939) (35,868) (22,609)
Cash dividends paid to common stockholders (29,566) (24,180) (54,658)
Payment of debt issuance costs (134) (8,891) (2,719)
Proceeds from exercises of stock options 30 75 645
Cash paid for taxes on vested restricted stock units (9,479) (9,102) (6,724)
Payment of contingent consideration liabilities (769) (1,693)  
Tax expense related to share-based compensation (2,213) (1,764) (2,042)
Cash used in financing activities (55,070) (26,423) (68,107)
Effects of exchange rate changes on cash and cash equivalents 3,472 93 2,271
DECREASE IN CASH AND CASH EQUIVALENTS (18,438) (67,996) (28,504)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 245,879 313,875 342,379
CASH AND CASH EQUIVALENTS, END OF PERIOD 227,441 245,879 313,875
SUPPLEMENTAL DISCLOSURE:      
Cash paid for interest 25,240 17,525 11,391
Cash paid for income taxes 15,024 23,948 23,998
Cash received from income tax refunds 2,131 8,539 4,491
Non-Cash Investing and Financing Activities:      
Issuance (cancellation) of common stock in connection with an equity method investment, value   (1,084) 1,627
Issuance (cancellation) of common stock in connection with an equity method investment (in shares)   (276,625) 414,938
Business combinations, Other liabilities     20,604
Business combinations, common stock, shares issued value     20,088
Business combinations, common stock, shares issued (in shares)     3,492,095
Business combinations, common stock, contingently issuable value     $ 15,558
Business combinations, common stock, contingently issuable shares (in shares)     3,682,916