Basis of Presentation (Tables)

9 Months Ended

Sep. 30, 2013

Basis of Presentation

Schedule of certain items reclassified as discontinued operations

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands of dollars)	2013			2012			2013			2012
Items reclassified as discontinued operations
Revenue
Net interest income	$	2		$	799		$	572		$	4,381
Expenses
Compensation expense	347			1,985			2,733			6,220
Professional fees	7			263			190			1,422
Occupancy expense	23			501			1,451			1,143
Goodwill and intangible asset impairment	—			—			—		(1)	21,096
Communications and data processing	17			169			355			527
Other	96			209			374			668
Total expenses:	490			3,127			5,103			31,076
Net items reclassified to discontinued operations	$	(488	)	$	(2,328	)	$	(4,531	)	$	(26,695	)

(1) Impairment of intangible assets of $3.9 million for the nine months ended September 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).