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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 17,386 $ 9,717
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 7,705 2,381
Provision (recoveries) for doubtful accounts 827 (178)
Share-based compensation 7,679 1,831
Recovery of key man life insurance (6,000)
Non-cash interest and other 319 147
Effect of foreign currency on operations (1,022) 640
Loss from equity investment 157
Deferred income taxes (24,560) 1,839
Impairment of leaseholds, lease loss accrual and loss on disposal of fixed assets 2,838
Income allocated and fair value adjustment for mandatorily redeemable noncontrolling interests 10,766 1,450
Change in operating assets and liabilities:    
Due from clearing brokers 13,258
Securities and other investments owned (41,350) 16,515
Securities borrowed 129,998
Accounts receivable and advances against customer contracts 1,635 (1,871)
Goods held for sale or auction (8,447)
Prepaid expenses and other assets 15,522 1,410
Accounts payable, accrued payroll and related expenses, accrued value added tax payable and other accrued expenses (38,597) 3,032
Amounts due from related parties and partners (12,313) (488)
Securities sold, not yet purchased 7,700 (343)
Deferred revenue (1,302) 963
Securities loaned (139,425)
Auction and liquidation proceeds payable (672)
Net cash (used in) provided by operating activities (48,779) 27,926
Cash flows from investing activities:    
Acquisition of Wunderlich, net of cash acquired $4,259 (25,478)
Cash acquired from acquisition of FBR & Co. 15,738
Acquisition of United Online, net of cash acquired $125,542 in 2016 (10,381) (33,430)
Acquisition of other businesses (2,052)
Purchases of property and equipment (550) (297)
Proceeds from key man life insurance 6,000
Proceeds from sale of property and equipment and intangible asset 619 15
Equity investment (1,015)
Increase in restricted cash (5,797) (78,161)
Net cash provided by (used in) investing activities (22,916) (111,873)
Cash flows from financing activities:    
Repayment of revolving line of credit (272)
Proceeds from asset based credit facility 65,987 56,255
Repayment of asset based credit facility (65,987) (56,255)
Repayment of notes payable (8,214)
Borrowings from participating note payable 61,400
Payment of contingent consideration (1,250) (1,250)
Proceeds from issuance of senior notes 89,330
Payment of debt issuance costs (2,093)
Proceeds from issuance of common stock 22,999
Offering costs from issuance of common stock (240)
Payment of employment taxes on vesting of restricted stock (2,683)
Dividends paid (13,493) (571)
Distribution to noncontrolling interests (2,878) (1,680)
Net cash provided by financing activities 58,719 80,386
Decrease in cash and cash equivalents (12,976) (3,561)
Effect of foreign currency on cash 3,280 23
Net decrease in cash and cash equivalents (9,696) (3,538)
Cash and cash equivalents, beginning of year 112,105 30,012
Cash and cash equivalents, end of period 102,409 26,474
Supplemental disclosures:    
Interest paid 11,513 505
Taxes paid $ 11,668 $ 409