Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations

Discontinued Operations

24.      Discontinued Operations

The Company has classified the results of the Equities division as discontinued operations due to its exiting this business on August 22, 2011.

Amounts reflected in the Consolidated Statements of Operations for the three months ended March 31, 2012 and 2011 related to the Equities division are presented in the following table.

	March 31,
(In thousands)	2012		2011
Net revenues	$	37	$	5,271
Total expenses (excluding interest expense)	73		(7,733		)
Income/(loss) from discontinued operations before income taxes	110		(2,462		)
Income tax expense/(benefit)	78		(1,068		)
Income/(loss) from discontinued operations, net of taxes	$	32	$	(1,394	)