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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash flows from operating activities      
Net income (loss) for the year $ 9,561us-gaap_ProfitLoss $ 26,153us-gaap_ProfitLoss $ (851)us-gaap_ProfitLoss
Payment of taxes due for share-based awards (2,074)opy_PaymentOfTaxesDueShareBasedAwards 0opy_PaymentOfTaxesDueShareBasedAwards 0opy_PaymentOfTaxesDueShareBasedAwards
Non-cash items included in net income:      
Depreciation and amortization of office facilities and leasehold improvements 7,748us-gaap_DepreciationAmortizationAndAccretionNet 9,405us-gaap_DepreciationAmortizationAndAccretionNet 10,466us-gaap_DepreciationAmortizationAndAccretionNet
Deferred income taxes 6,001us-gaap_DeferredIncomeTaxExpenseBenefit 23,436us-gaap_DeferredIncomeTaxExpenseBenefit (26,642)us-gaap_DeferredIncomeTaxExpenseBenefit
Amortization of notes receivable 16,043opy_AmortizationOfNotesReceivable 18,762opy_AmortizationOfNotesReceivable 19,515opy_AmortizationOfNotesReceivable
Amortization of debt issuance costs 530us-gaap_AmortizationOfFinancingCosts 639us-gaap_AmortizationOfFinancingCosts 639us-gaap_AmortizationOfFinancingCosts
Write-off of debt issuance costs 588us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost 0us-gaap_WriteOffOfDeferredDebtIssuanceCost
Amortization of intangible assets 0us-gaap_AmortizationOfIntangibleAssets 0us-gaap_AmortizationOfIntangibleAssets 3,889us-gaap_AmortizationOfIntangibleAssets
Amortization of mortgage servicing rights 2,819us-gaap_AmortizationOfMortgageServicingRightsMSRs 1,881us-gaap_AmortizationOfMortgageServicingRightsMSRs 3,200us-gaap_AmortizationOfMortgageServicingRightsMSRs
Provision for (reversal of) credit losses 4us-gaap_ProvisionForOtherCreditLosses 167us-gaap_ProvisionForOtherCreditLosses (292)us-gaap_ProvisionForOtherCreditLosses
Share-based compensation 6,074us-gaap_ShareBasedCompensation 9,249us-gaap_ShareBasedCompensation 4,191us-gaap_ShareBasedCompensation
Reduction of excess of fair value of acquired assets over cost 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount 0us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount (7,020)us-gaap_BusinessCombinationBargainPurchaseGainRecognizedAmount
Decrease (increase) in operating assets:      
Cash and securities segregated for regulatory and other purposes 17,729us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities (3,323)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities (2,914)us-gaap_IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
Deposits with clearing organizations (12,831)opy_IncreaseDecreaseDepositsWithClearingOrganizations 2,275opy_IncreaseDecreaseDepositsWithClearingOrganizations 9,862opy_IncreaseDecreaseDepositsWithClearingOrganizations
Receivable from brokers, dealers and clearing organizations 50,398us-gaap_IncreaseDecreaseInBrokerageReceivables 114,826us-gaap_IncreaseDecreaseInBrokerageReceivables (191,586)us-gaap_IncreaseDecreaseInBrokerageReceivables
Receivable from customers 4,676opy_IncreaseDecreaseInReceivableFromCustomers (51,095)opy_IncreaseDecreaseInReceivableFromCustomers 20,173opy_IncreaseDecreaseInReceivableFromCustomers
Income tax receivable 2,322us-gaap_IncreaseDecreaseInIncomeTaxesReceivable (6,111)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 6,292us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Securities purchased under agreements to resell (66,781)us-gaap_IncreaseDecreaseInReceivablesUnderRepurchaseAgreements (184,825)us-gaap_IncreaseDecreaseInReceivablesUnderRepurchaseAgreements 847,688us-gaap_IncreaseDecreaseInReceivablesUnderRepurchaseAgreements
Securities owned 12,933us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities (96,346)us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities 164,799us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities
Notes receivable (10,224)opy_IncreaseDecreaseInDueFromEmployeeCurrentAndNoncurrent (12,189)opy_IncreaseDecreaseInDueFromEmployeeCurrentAndNoncurrent (12,795)opy_IncreaseDecreaseInDueFromEmployeeCurrentAndNoncurrent
Loans held for sale 56,746us-gaap_IncreaseDecreaseInLoansHeldForSale (53,115)us-gaap_IncreaseDecreaseInLoansHeldForSale 86,382us-gaap_IncreaseDecreaseInLoansHeldForSale
Mortgage servicing rights (4,080)opy_IncreaseDecreaseInMortgageServicingRightsLessAmortization (3,777)opy_IncreaseDecreaseInMortgageServicingRightsLessAmortization (7,388)opy_IncreaseDecreaseInMortgageServicingRightsLessAmortization
Other assets 53,929us-gaap_IncreaseDecreaseInOtherOperatingAssets (49,772)us-gaap_IncreaseDecreaseInOtherOperatingAssets (11,980)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase (decrease) in operating liabilities:      
Drafts payable (12,825)opy_IncreaseDecreaseInDraftPayable (8,388)opy_IncreaseDecreaseInDraftPayable 4,738opy_IncreaseDecreaseInDraftPayable
Payable to brokers, dealers and clearing organizations 33,846us-gaap_IncreaseDecreaseInPayablesToBrokerDealers 19,097us-gaap_IncreaseDecreaseInPayablesToBrokerDealers (131,392)us-gaap_IncreaseDecreaseInPayablesToBrokerDealers
Payable to customers 25,692us-gaap_IncreaseDecreaseInPayablesToCustomers (65,814)us-gaap_IncreaseDecreaseInPayablesToCustomers 212,482us-gaap_IncreaseDecreaseInPayablesToCustomers
Securities sold under agreements to repurchase (70,051)us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements 365,100us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements (1,116,102)us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements
Securities sold, but not yet purchased 16,196us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased (97,136)us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased 104,035us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased
Accrued compensation (15,365)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 25,581us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 5,566us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Accounts payable and other liabilities (51,289)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 11,891us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (4,407)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Cash provided by (used in) operating activities 78,315us-gaap_NetCashProvidedByUsedInOperatingActivities (3,429)us-gaap_NetCashProvidedByUsedInOperatingActivities (9,452)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities      
Purchase of office facilities (4,398)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (14,012)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (14,739)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash used in investing activities (4,398)us-gaap_NetCashProvidedByUsedInInvestingActivities (14,012)us-gaap_NetCashProvidedByUsedInInvestingActivities (14,739)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities      
Cash dividends paid on Class A non-voting and Class B voting common stock (5,983)us-gaap_PaymentsOfDividendsCommonStock (5,978)us-gaap_PaymentsOfDividendsCommonStock (5,986)us-gaap_PaymentsOfDividendsCommonStock
Issuance of Class A non-voting common stock 185us-gaap_ProceedsFromIssuanceOfCommonStock 150us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of Class A non-voting common stock for cancellation 0us-gaap_PaymentsForRepurchaseOfCommonStock (3,625)us-gaap_PaymentsForRepurchaseOfCommonStock (1,866)us-gaap_PaymentsForRepurchaseOfCommonStock
Tax benefit (deficiency) from share-based awards 1,194us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (78)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities (720)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Redemption of senior secured notes (45,000)us-gaap_EarlyRepaymentOfSeniorDebt 0us-gaap_EarlyRepaymentOfSeniorDebt 0us-gaap_EarlyRepaymentOfSeniorDebt
Acquisition of non-controlling interest 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries 0us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries (3,000)us-gaap_PaymentsToAcquireAdditionalInterestInSubsidiaries
(Decrease) increase in bank call loans, net (58,800)opy_IncreaseDecreaseInBankCallLoansNet (10,100)opy_IncreaseDecreaseInBankCallLoansNet 100,800opy_IncreaseDecreaseInBankCallLoansNet
Cash (used in) provided by financing activities (108,404)us-gaap_NetCashProvidedByUsedInFinancingActivities (19,631)us-gaap_NetCashProvidedByUsedInFinancingActivities 89,228us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and cash equivalents (34,487)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (37,072)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 65,037us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 98,294us-gaap_CashAndCashEquivalentsAtCarryingValue 135,366us-gaap_CashAndCashEquivalentsAtCarryingValue 70,329us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 63,807us-gaap_CashAndCashEquivalentsAtCarryingValue 98,294us-gaap_CashAndCashEquivalentsAtCarryingValue 135,366us-gaap_CashAndCashEquivalentsAtCarryingValue
Schedule of non-cash financing activities      
Employee share plan issuance 2,014opy_EmployeeSharePlanIssuance 1,492opy_EmployeeSharePlanIssuance 1,321opy_EmployeeSharePlanIssuance
Supplemental disclosure of cash flow information      
Cash paid during the year for interest 18,784us-gaap_InterestPaid 26,492us-gaap_InterestPaid 38,692us-gaap_InterestPaid
Cash paid during the year for income taxes, net of refunds $ 7,590us-gaap_IncomeTaxesPaid $ 4,509us-gaap_IncomeTaxesPaid $ 14,254us-gaap_IncomeTaxesPaid