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Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2013
Basis of Presentation  
Schedule of certain items reclassified as discontinued operations

 

 

 

 

Three Months Ended 
June 30,

 

Six Months Ended 
June 30,

 

(In thousands of dollars)

 

2013

 

2012

 

2013

 

2012

 

Items reclassified as discontinued operations

 

 

 

 

 

 

 

 

 

Revenues

 

 

 

 

 

 

 

 

 

Interest income — Intersegment allocation

 

$

—

 

$

1,521

 

$

778

 

$

3,454

 

Expenses

 

 

 

 

 

 

 

 

 

Compensation expense

 

867

 

2,206

 

2,387

 

4,234

 

Professional fees

 

(206

)

301

 

182

 

1,158

 

Occupancy expense

 

837

 

364

 

1,428

 

643

 

Goodwill impairment

 

—

(1)

21,096

 

—

(1)

21,096

 

Communications and data processing

 

173

 

124

 

338

 

358

 

Other

 

121

 

225

 

278

 

459

 

Total expenses:

 

1,792

 

24,316

 

4,613

 

27,948

 

 

 

 

 

 

 

 

 

 

 

Expenses, net of revenues

 

$

1,792

 

$

22,795

 

$

3,835

 

$

24,494

 

 

(1)  Impairment of intangible assets of $3.3 million and $3.9 million for the three and six months ended June 30, 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 20 and Note 21).