Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of amounts reflected in the consolidated statements of operations related to equities division

	For years ending December 31,

(In thousands)	2012			2011			2010
Net revenues	$	54		$	13,064		$	22,302
Total expenses (excluding interest)		(349	)		38,808	*		30,137

Income/(loss) from discontinued operations before income taxes		403			(25,744	)		(7,835	)
Income tax expense/(benefit)		138			(7,704	)		(3,219	)

Income/(loss) from discontinued operations, net of taxes	$	265		$	(18,040	)	$	(4,616	)

*: Included within the table above for the year ended December 31, 2011 is (i) a restructuring charge of $7.1 million and (ii) a goodwill and intangible impairment charge of approximately $14.3 million.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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