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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ 14,623 $ (2,893)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 634 451
Provision for credit losses $ 366 166
Impairment of goods held for sale 1,750
Loss on disposal of fixed assets $ 7 $ 77
Share based payments 1,192
Effect of foreign currency on operations (363) $ 78
Non-cash interest 118
Deferred income taxes 5,451 $ (1,865)
Income allocated to mandatorily redeemable noncontrolling interests and redeemable noncontrolling interests 1,796 1,580
Change in operating assets and liabilities:    
Accounts receivable and advances against customer contracts $ 13,177 (110)
Lease finance receivable 107
Due from related party $ (3,916) (111)
Securities owned 407 (14,289)
Goods held for sale or auction 52 9,062
Prepaid expenses and other assets 9 (675)
Accounts payable and accrued expenses 5,371 (2,193)
Securities sold, not yet purchased 5,735 1,860
Auction and liquidation proceeds payable (665) 1,220
Net cash provided by (used in) operating activities 43,994 $ (5,785)
Cash flows from investing activities:    
Acquisition of MK Capital Advisors, LLC, net of cash acquired of $49 (2,451)
Purchases of property and equipment (196) $ (143)
Proceeds from sale of property and equipment $ 4
Decrease in note receivable - related party $ 1,200
Cash acquired in acquisition of B. Riley & Co., Inc. 2,668
Decrease (increase) in restricted cash $ 7,533 (3,203)
Net cash provided by investing activities 4,890 522
Cash flows from financing activities:    
Repayment of asset based credit facility (18,506) (5,710)
Proceeds from revolving line of credit 14 $ 92
Proceeds from note payable - related party 4,500
Repayment of note payable - related party $ (4,500)
Repayment of notes payable and long-term debt $ (32,010)
Proceeds from issuance of common stock $ 51,233
Dividends paid $ (4,241)
Payment of employment taxes on vesting of restricted stock (24)
Distribution to mandatorily redeemable noncontrolling interests (1,797) $ (1,494)
Net cash (used in) provided by financing activities (24,554) 12,111
Increase in cash and cash equivalents 24,330 6,848
Effect of foreign currency on cash (8) (173)
Net increase in cash and cash equivalents 24,322 6,675
Cash and cash equivalents, beginning of period 21,600 18,867
Cash and cash equivalents, end of period 45,922 25,542
Supplemental disclosures:    
Interest paid 303 1,389
Taxes paid $ 976 $ 2