ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2017

Business Combinations [Abstract]

Schedule of purchase consideration

The preliminary purchase price allocation was as follows:

Consideration paid by B. Riley:
Number of FBR Common Shares outstanding at June 1, 2017		7,099,511
Stock merger exchange ratio		0.671
Number of B. Riley common shares		4,763,772
Number of B. Riley common shares to be issued from acceleration of vesting for outstanding FBR stock options, restricted stock and RSU awards		67,861
Total number of B. Riley common shares to be issued		4,831,633
Closing market price of B. Riley common shares on December 31, 2016	$	14.70
Total value of B. Riley common shares		71,025
Fair value of RSU’s attributable to service period prior to June 1, 2017 (a)		2,446
Total consideration	$	73,471

(a) Outstanding FBR restricted stock awards at June 1, 2017, the date of the acquisition, were adjusted in accordance with the Merger Agreement with the right to receive 0.671 shares of the Company’s common stock for each outstanding FBR stock award unit. The fair value of the FBR restricted stock awards at June 1, 2017 was determined based on the closing price of the Company’s common stock of $14.70 on June 1, 2017. The fair value of the FBR restricted stock awards were apportioned as purchase consideration based on service provided to FBR as of June 1, 2017 with the remaining fair value of the FBR restricted stock awards to be recognized prospectively over the restricted stock and FBR restricted stock awards remaining vesting period.

Tangible assets acquired and assumed:
Cash and cash equivalents	$	15,738
Securities owned		11,188
Securities borrowed		861,197
Accounts receivable		4,341
Due from clearing broker		29,169
Prepaid expenses and other assets		5,486
Property and equipment		8,663
Deferred taxes		14,514
Accounts payable		(1,524	)
Accrued payroll and related expenses		(7,182	)
Accrued expenses and other liabilities		(22,411	)
Securities loaned		(867,626	)
Customer relationships		5,600
Tradename and other intangibles		1,790
Goodwill		14,528
Total	$	73,471

Schedule of pro forma financial information

The pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of the earliest period presented, nor does it intend to be a projection of future results.

	Pro Forma (Unaudited)
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017		2016
Revenues	$	84,634		$	64,377		$	173,853	$	126,105
Net (loss) income attributable to B. Riley Financial, Inc.	$	(2,473	)	$	(6,416	)	$	12,860	$	(15,634	)
Basic (loss) earnings per share	$	(0.10	)	$	(0.28	)	$	0.53	$	(0.62	)
Diluted (loss) earnings per share	$	(0.10	)	$	(0.28	)	$	0.52	$	(0.62	)
Weighted average basic shares outstanding		24,256,020			22,766,887			24,135,371		25,142,864
Weighted average diluted shares outstanding		24,256,020			22,766,887			24,808,897		25,142,864