XML 99 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basis of Presentation (Tables)
 12 Months Ended
Dec. 31, 2013
Basis of Presentation  
Schedule of certain items reclassified as discontinued operations

 

(In thousands of dollars)
  2013   2012   2011  

Items reclassified as discontinued operations

                    

Revenue

                    

Net interest income

   $ 574   $ 5,627   $ 6,330  

Gain from bargain purchase—ClearPoint acquisition

     —     —     2,330  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total revenues:

     574     5,627     8,660  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Expenses

                    

Compensation expense

     2,717     7,870     6,826  

Professional fees

     733     2,243     1,162  

Occupancy expense

     1,458     1,753     998  

Goodwill and intangible asset impairment

     — (1)   21,533     82,045  

Communications and data processing

     356     727     1,271  

Other

     488     406     526  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total expenses:

     5,752     34,532     92,828  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net items reclassified to discontinued operations

   $ (5,178 ) $ (28,905 ) $ (84,168 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(1)
Impairment of intangible assets of $3.9 million for the year ended December 31, 2013, recognized in connection with the Company's exits from Investment Banking, Fixed Income and ClearPoint is recorded as restructuring expense and included within discontinued operations (Note 21 and Note 22).