Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets

Schedule of goodwill

(In thousands)	Segment MBS & Rates			Segment Equities(1)			Segment Investment Banking			Total
Goodwill
Balance at December 31, 2010	$	17,364		$	8,928		$	79,402		$	105,694
Impairment of goodwill		—			(8,928	)		(75,670	)		(84,598	)
Balance at December 31, 2011	$	17,364		$	—		$	3,732		$	21,096
Impairment of goodwill		(17,364	)		—			(3,732	)		(21,096	)
RangeMark acquisition		1,212			—			—			1,212
Balance at December 31, 2012	$	1,212		$	—		$	—		$	1,212

(1)

Discontinued operation

Schedule of intangible assets

(In thousands)	December 31, 2012			December 31, 2011
Intangible assets (amortizable):
MBS & Rates segment—Customer relationships
Gross carrying amount	$	641		$	641
Accumulated amortization		(463	)		(410	)
Net carrying amount		178			231
MBS & Rates segment (RangeMark)—Intellectual Property
Gross carrying amount		1,050			—
Accumulated amortization		(35	)		—
Net carrying amount		1,015			—
MBS & Rates segment (RangeMark)—Trade Name
Gross carrying amount		480			—
Accumulated amortization		(8	)		—
Net carrying amount		472			—
Credit Products segment—Customer relationships
Gross carrying amount		795			795
Accumulated amortization		(768	)		(610	)
Net carrying amount		27			185
Equities segment—Customer relationships
Gross carrying amount		1,614			6,960
Accumulated amortization		(1,614	)		(1,614	)
Impairment of intangible asset—June 1, 2011		—			(5,346	)
Net carrying amount		—			—
Equities segment—Covenant not to compete
Gross carrying amount		293			330
Accumulated amortization		(293	)		(293	)
Impairment of intangible asset—June 1, 2011		—			(37	)
Net carrying amount		—			—
Investment Banking segment—Trade name
Gross carrying amount		4,066			7,300
Accumulated amortization		(1,057	)		(874	)
Impairment of intangible asset—September 1, 2011		—			(3,234	)
Net carrying amount		3,009			3,192
Investment Banking segment—Covenant not to compete
Gross carrying amount		522			700
Accumulated amortization		(522	)		(522	)
Impairment of intangible asset—September 1, 2011		—			(178	)
Net carrying amount		—			—
Investment Banking segment—Customer relationships
Gross carrying amount		5,338			6,500
Accumulated amortization		(5,338	)		(5,338	)
Impairment of intangible asset—September 1, 2011		—			(1,162	)
Net carrying amount		—			—
ClearPoint segment—Customer relationships
Gross carrying amount		803			803
Accumulated amortization		(201	)		(100	)
Net carrying amount		602			703
Total Intangible assets	$	5,303		$	4,311

Schedule of future amortization expense

(In thousands)
2013	$	622
2014		595
2015		595
2016		559
2017		507
Thereafter		2,425
Total	$	5,303