XML 56 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLDIATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities:      
Net (loss) income $ (5,795)us-gaap_ProfitLoss $ 576us-gaap_ProfitLoss $ 4,340us-gaap_ProfitLoss
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:      
Depreciation and amortization 646us-gaap_DepreciationAndAmortization 1,863us-gaap_DepreciationAndAmortization 835us-gaap_DepreciationAndAmortization
Provision for doubtful accounts 532us-gaap_ProvisionForDoubtfulAccounts (12)us-gaap_ProvisionForDoubtfulAccounts 108us-gaap_ProvisionForDoubtfulAccounts
Impairment of goods held for sale or auction 4,675us-gaap_AssetImpairmentCharges 428us-gaap_AssetImpairmentCharges 194us-gaap_AssetImpairmentCharges
Effect of foreign currency on operations 137us-gaap_ForeignCurrencyTransactionGainLossUnrealized 226us-gaap_ForeignCurrencyTransactionGainLossUnrealized (98)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Loss from equity investment in Great American Real Estate, LLC and Shoon Trading Limited 0rily_AdjustmentIncomeLossFromEquityMethodInvestments 177rily_AdjustmentIncomeLossFromEquityMethodInvestments 120rily_AdjustmentIncomeLossFromEquityMethodInvestments
Gain from bargain purchase 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount (1,366)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
Loss on disposal of assets 91us-gaap_GainLossOnDispositionOfAssets 0us-gaap_GainLossOnDispositionOfAssets 3us-gaap_GainLossOnDispositionOfAssets
Deferred income taxes (2,984)us-gaap_DeferredIncomeTaxExpenseBenefit 989us-gaap_DeferredIncomeTaxExpenseBenefit 1,366us-gaap_DeferredIncomeTaxExpenseBenefit
Income allocated to mandatorily redeemable noncontrolling interests 1,892us-gaap_OtherOperatingActivitiesCashFlowStatement 1,897us-gaap_OtherOperatingActivitiesCashFlowStatement 1,928us-gaap_OtherOperatingActivitiesCashFlowStatement
Change in operating assets and liabilities:      
Accounts receivable and advances against customer contracts (15,195)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets 5,145us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets (6,172)us-gaap_IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
Lease finance receivable 107us-gaap_IncreaseDecreaseInLeasingReceivables (8,099)us-gaap_IncreaseDecreaseInLeasingReceivables 0us-gaap_IncreaseDecreaseInLeasingReceivables
Securities owned (16,006)us-gaap_IncreaseDecreaseInSecuritiesBorrowed 0us-gaap_IncreaseDecreaseInSecuritiesBorrowed 0us-gaap_IncreaseDecreaseInSecuritiesBorrowed
Inventory 0us-gaap_IncreaseDecreaseInInventories 455us-gaap_IncreaseDecreaseInInventories 1,618us-gaap_IncreaseDecreaseInInventories
Goods held for sale or auction 9,414us-gaap_IncreaseDecreaseInAssetsHeldForSale (1,625)us-gaap_IncreaseDecreaseInAssetsHeldForSale 2,361us-gaap_IncreaseDecreaseInAssetsHeldForSale
Loan receivable 0us-gaap_IncreaseDecreaseInFinanceReceivables 156us-gaap_IncreaseDecreaseInFinanceReceivables 8,519us-gaap_IncreaseDecreaseInFinanceReceivables
Prepaid expenses and other assets (59)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 167us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (33)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued expenses (1,142)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (3,971)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1,641us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Amounts due to related parties 168us-gaap_IncreaseDecreaseInDueFromRelatedParties 0us-gaap_IncreaseDecreaseInDueFromRelatedParties 0us-gaap_IncreaseDecreaseInDueFromRelatedParties
Securities sold not yet purchased (176)us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased 0us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased 0us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
Auction and liquidation proceeds payable 665us-gaap_IncreaseDecreaseInOtherAccountsPayable (864)us-gaap_IncreaseDecreaseInOtherAccountsPayable 846us-gaap_IncreaseDecreaseInOtherAccountsPayable
Net cash (used in) provided by operating activities (23,030)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (2,492)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 16,210us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Acquisition of business 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (1,246)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Cash acquired from acquisition of B. Riley & Co., Inc. 2,667us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition 0us-gaap_CashAcquiredFromAcquisition
Deconsolidation of Shoon Trading Limited 0rily_PaymentsForDeconsolidationOfSubsidiaries (1,564)rily_PaymentsForDeconsolidationOfSubsidiaries 0rily_PaymentsForDeconsolidationOfSubsidiaries
Purchase of noncontrolling interest in subsidiary 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (95)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Purchases of property and equipment (252)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,142)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (634)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of property and equipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 21us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Collection of receivable - related party 1,200us-gaap_RepaymentOfNotesReceivableFromRelatedParties 611us-gaap_RepaymentOfNotesReceivableFromRelatedParties 3,233us-gaap_RepaymentOfNotesReceivableFromRelatedParties
Equity investment in Great American Real Estate, LLC 0us-gaap_PaymentsToAcquireEquityMethodInvestments (21)us-gaap_PaymentsToAcquireEquityMethodInvestments (120)us-gaap_PaymentsToAcquireEquityMethodInvestments
Decrease (increase) in restricted cash (7,282)us-gaap_IncreaseDecreaseInRestrictedCash 7,598us-gaap_IncreaseDecreaseInRestrictedCash (7,923)us-gaap_IncreaseDecreaseInRestrictedCash
Net cash (used in) provided by investing activities (3,667)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations 5,482us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (6,764)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
(Repayments of) proceeds from revolving line of credit (277)us-gaap_RepaymentsOfLinesOfCredit (1,971)us-gaap_RepaymentsOfLinesOfCredit 362us-gaap_RepaymentsOfLinesOfCredit
Proceeds from asset based credit facility 12,796rily_ProceedsFromAssetBasedCreditFacility 5,710rily_ProceedsFromAssetBasedCreditFacility 0rily_ProceedsFromAssetBasedCreditFacility
Payment of financing costs 0us-gaap_PaymentsOfFinancingCosts (375)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts
Repayment of notes payable and capital lease obligations (286)us-gaap_RepaymentsOfNotesPayable (2,785)us-gaap_RepaymentsOfNotesPayable (2,138)us-gaap_RepaymentsOfNotesPayable
Repayments of long-term debt (31,724)us-gaap_RepaymentsOfLongTermDebt (1,724)us-gaap_RepaymentsOfLongTermDebt (1,724)us-gaap_RepaymentsOfLongTermDebt
Proceeds from issuance of common stock 51,233us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from formation of noncontrolling interests 0rily_ProceedsFromFormationOfNoncontrollingInterests 0rily_ProceedsFromFormationOfNoncontrollingInterests 78rily_ProceedsFromFormationOfNoncontrollingInterests
Dividends paid (479)us-gaap_Dividends 0us-gaap_Dividends 0us-gaap_Dividends
Distributions to noncontrolling interests (1,794)us-gaap_PaymentsOfDividendsMinorityInterest (1,930)us-gaap_PaymentsOfDividendsMinorityInterest (2,466)us-gaap_PaymentsOfDividendsMinorityInterest
Net cash provided by (used in) financing activities 29,469us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (3,075)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (5,888)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of foreign currency on cash (39)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 231us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations 129us-gaap_EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
Net increase in cash and cash equivalents 2,733us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 146us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 3,687us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 18,867us-gaap_CashAndCashEquivalentsAtCarryingValue 18,721us-gaap_CashAndCashEquivalentsAtCarryingValue 15,034us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 21,600us-gaap_CashAndCashEquivalentsAtCarryingValue 18,867us-gaap_CashAndCashEquivalentsAtCarryingValue 18,721us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures:      
Interest paid 1,501us-gaap_InterestPaid 1,724us-gaap_InterestPaid 2,616us-gaap_InterestPaid
Income taxes paid $ 44us-gaap_IncomeTaxesPaid $ 175us-gaap_IncomeTaxesPaid $ 278us-gaap_IncomeTaxesPaid