XML 118 R58.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements - Notional Amounts and Fair Values of Derivatives by Product (Details) (Not Designated as Hedging Instrument, USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Derivatives, Fair Value [Line Items]    
Derivatives asset, Notional $ 440,884us-gaap_DerivativeAssetNotionalAmount [1] $ 407,246us-gaap_DerivativeAssetNotionalAmount [1]
Derivatives asset, Fair Value 12,111us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral [1] 4,530us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral [1]
Derivative liability, notional 5,011,304us-gaap_DerivativeLiabilityNotionalAmount [1] 7,188,207us-gaap_DerivativeLiabilityNotionalAmount [1]
Derivative liability, Fair Value 3,505us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral [1] 6,574us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral [1]
Other Contracts | TBA
   
Derivatives, Fair Value [Line Items]    
Derivatives asset, Notional 105,185us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1] 25,262us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1]
Derivatives asset, Fair Value 1,026us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1] 134us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1]
Derivative liability, notional 105,186us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1] 14,547us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1]
Derivative liability, Fair Value 1,018us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1] 73us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaMember
[1]
Other Contracts | TBA Sale Agreements
   
Derivatives, Fair Value [Line Items]    
Derivatives asset, Notional 188,178us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaSaleAgreementsMember
[1] 266,415us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaSaleAgreementsMember
[1]
Derivatives asset, Fair Value 3,509us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaSaleAgreementsMember
[1] 2,021us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_TbaSaleAgreementsMember
[1]
Other Contracts | Foreign currency forward contracts
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 400,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ForeignExchangeForwardMember
[1]  
Derivative liability, Fair Value 10us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_ForeignExchangeForwardMember
[1]  
Other Contracts | Forward Start Repurchase Agreement
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 636,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_ForwardStartRepurchaseAgreementMember
[1] 506,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_ForwardStartRepurchaseAgreementMember
[1]
Derivative liability, Fair Value 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_ForwardStartRepurchaseAgreementMember
[1] 0us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_ForwardStartRepurchaseAgreementMember
[1]
Other Contracts | Auction Rate Securities Purchase Commitment
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 12,249us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_AuctionRateSecuritiesPurchaseCommitmentMember
[1] 29,056us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_AuctionRateSecuritiesPurchaseCommitmentMember
[1]
Derivative liability, Fair Value 902us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_AuctionRateSecuritiesPurchaseCommitmentMember
[1] 2,600us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_AuctionRateSecuritiesPurchaseCommitmentMember
[1]
Other Contracts | Interest rate lock commitments
   
Derivatives, Fair Value [Line Items]    
Derivatives asset, Notional 147,521us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1] 115,569us-gaap_DerivativeAssetNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1]
Derivatives asset, Fair Value 7,576us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1] 2,375us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1]
Derivative liability, notional 22,269us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1] 76,604us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1]
Derivative liability, Fair Value 1,222us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1] 3,653us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_OtherContractMember
/ us-gaap_FinancialInstrumentAxis
= us-gaap_InterestRateLockCommitmentsMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
[1]
Commodity Contracts | U.S. treasury futures
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 102,600us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_UsTreasuryFuturesMember
[1],[2] 60,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_UsTreasuryFuturesMember
[1],[3]
Derivative liability, Fair Value 252us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_UsTreasuryFuturesMember
[1],[2] 186us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_UsTreasuryFuturesMember
[1],[3]
Commodity Contracts | Federal funds futures
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 3,260,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_FederalFundsFuturesMember
[1],[2] 6,155,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_FederalFundsFuturesMember
[1],[3]
Derivative liability, Fair Value 43us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_FederalFundsFuturesMember
[1],[2] 18us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_FederalFundsFuturesMember
[1],[3]
Commodity Contracts | Euro Dollars Futures
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 333,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_EuroDollarsFuturesMember
[1],[2] 347,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_EuroDollarsFuturesMember
[1],[3]
Derivative liability, Fair Value 55us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_EuroDollarsFuturesMember
[1],[2] 44us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_EuroDollarsFuturesMember
[1],[3]
Commodity Contracts | General collateral futures
   
Derivatives, Fair Value [Line Items]    
Derivative liability, notional 140,000us-gaap_DerivativeLiabilityNotionalAmount
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_GeneralcollateralfuturesMember
[1],[2]  
Derivative liability, Fair Value $ 3us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_CommodityContractMember
/ us-gaap_HedgingDesignationAxis
= us-gaap_NondesignatedMember
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= opy_GeneralcollateralfuturesMember
[1],[2]  
[1] See “Derivative Instruments and Hedging Activities” above for description of derivative financial instruments. Such derivative instruments are not subject to master netting agreements, thus the related amounts are not offset.
[2] Included in payable to brokers, dealers and clearing organizations on the consolidated balance sheet.
[3] For the year ended December 31, 2014, the diluted earnings per share computation does not include the anti-dilutive effect of 43,008 shares of Class A Stock granted under share-based compensation arrangements (57,573 and 1,936,871 shares of Class A Stock granted under share-based compensation arrangements together with the warrant described in (1) for the years ended December 31, 2013 and 2012, respectively).