Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Summary of Financial Information of Company's Segments

The following tables illustrate the financial information for the Company’s segments for the periods indicated:

	Year Ended December 31, 2015
	Capital Markets			Principal Investing			Total
Revenues, net of interest expense:
Investment banking	$	71,091		$	—		$	71,091
Institutional brokerage		45,442			—			45,442
Net investment income		—			5,433			5,433
Interest		31,745			29			31,774
Dividends and other		1,103			589			1,692
Total  revenues		149,381			6,051			155,432
Interest expense		23,877			11,160			35,037
Revenues, net of interest expense		125,504			(5,109	)		120,395
Operating expenses:
Variable		35,651			37			35,688
Fixed		98,331			2,134			100,465
Total		133,982			2,171			136,153
Pre-tax loss	$	(8,478	)	$	(7,280	)	$	(15,758	)
Compensation and benefits:
Variable	$	18,889		$	—		$	18,889
Fixed		57,165			1,409			58,574
Total	$	76,054		$	1,409		$	77,463
Total assets	$	834,205		$	99,211		$	933,416

	Year Ended December 31, 2014
	Capital Markets		Principal Investing		Total
Revenues, net of interest expense:
Investment banking	$	115,255	$	—	$	115,255
Institutional brokerage		56,182		—		56,182
Net investment income		—		17,774		17,774
Interest		12,945		122		13,067
Dividends and other		549		481		1,030
Total  revenues		184,931		18,377		203,308
Interest expense		9,505		11,678		21,183
Revenues, net of interest expense		175,426		6,699		182,125
Operating expenses:
Variable		59,500		316		59,816
Fixed		102,426		2,523		104,949
Total		161,926		2,839		164,765
Pre-tax income	$	13,500	$	3,860	$	17,360
Compensation and benefits:
Variable	$	42,408	$	305	$	42,713
Fixed		59,639		1,459		61,098
Total	$	102,047	$	1,764	$	103,811
Total assets	$	830,938	$	204,159	$	1,035,097

	Year Ended December 31, 2013
	Capital Markets		Principal Investing		Total
Revenues, net of interest expense:
Investment banking	$	196,213	$	—	$	196,213
Institutional brokerage		53,738		—		53,738
Net investment income		—		6,920		6,920
Interest		1,050		740		1,790
Dividends and other		432		728		1,160
Total  revenues		251,433		8,388		259,821
Interest expense		—		—		—
Revenues, net of interest expense		251,433		8,388		259,821
Operating expenses:
Variable		103,755		1,179		104,934
Fixed		96,121		1,496		97,617
Total		199,876		2,675		202,551
Pre-tax income	$	51,557	$	5,713	$	57,270
Compensation and benefits:
Variable	$	89,574	$	1,172	$	90,746
Fixed		53,013		961		53,974
Total	$	142,587	$	2,133	$	144,720
Total assets	$	308,870	$	101,702	$	410,572