Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Schedule of amounts reflected in the Consolidated Statements of Operations related to discontinued operations

	March 31,
(In thousands of dollars)	2013			2012
Net revenues
ClearPoint	$	4,408		$	15,545
Equities division	76			37
Total net revenues	4,484			15,582
Total expenses (excluding interest expense)
ClearPoint	8,711			18,469
Equities division	81			(73		)
Total expenses	8,792			18,396
Loss from discontinued operations before income taxes	(4,308		)*	(2,814		)
Income tax expense/(benefit)	—			(1,162		)
Loss from discontinued operations, net of taxes	$	(4,308	)	$	(1,652	)

* Included within the table above for the three months ended March 31, 2013 is (i) a ClearPoint restructuring charge of approximately $2.8 million and (ii) a loss of approximately $1.1 million on ClearPoint assets sold in the Homeward Transaction.

- 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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