Business Changes and Developments (Tables)

12 Months Ended

Dec. 31, 2013

Text Block [Abstract]

Goodwill Associated with Acquisitions

Goodwill associated with the Company’s acquisitions is as follows:

	Investment Banking		Investment Management			Total
Balance at December 31, 2011	$	81,937	$	95,912		$	177,849
Acquisitions	—		6,500			6,500
Foreign Currency Translation and Other	4,415		(80		)	4,335
Balance at December 31, 2012	86,352		102,332			188,684
Foreign Currency Translation and Other	676		(86		)	590
Balance at December 31, 2013 (1)	$	87,028	$	102,246		$	189,274

(1) The balance includes the net effect of the goodwill related to the consolidation and disposition of Pan.

Intangible Assets Associated with Acquisitions

Intangible assets associated with the Company’s acquisitions are as follows:

	December 31, 2013
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	2,300	$	45,830	$	48,130	$	1,299	$	22,559	$	23,858
Acquired Mandates	1,810		—		1,810		1,786		—		1,786
Non-compete/Non-solicit Agreements	135		1,949		2,084		94		1,314		1,408
Other	—		2,245		2,245		—		486		486
Total	$	4,245	$	50,024	$	54,269	$	3,179	$	24,359	$	27,538
	December 31, 2012
	Gross Carrying Amount						Accumulated Amortization
	Investment Banking		Investment Management		Total		Investment Banking		Investment Management		Total
Client Related	$	2,300	$	46,960	$	49,260	$	969	$	16,412	$	17,381
Acquired Mandates	1,810		—		1,810		1,324		—		1,324
Non-compete/Non-solicit Agreements	135		1,949		2,084		67		920		987
Other	—		2,245		2,245		—		310		310
Total	$	4,245	$	51,154	$	55,399	$	2,360	$	17,642	$	20,002

Annual Amortization of Intangibles for Next Five Years

Based on the intangible assets above, as of December 31, 2013, annual amortization of intangibles for each of the next five years is as follows:

2014	$	5,526
2015	$	3,864
2016	$	3,510
2017	$	3,120
2018	$	3,034