Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income for the period	$ (6,766)	$ (2,167)
Adjustments to reconcile net income to net cash used in operating activities
Payment of taxes due for vested share-based awards related to amounts the Company withheld on behalf of its employees to meet minimum statutory tax withholding requirements	(1,683)	(2,074)
Depreciation and amortization of office facilities and leasehold improvements	3,564	3,862
Deferred income taxes	5,085	7,299
Amortization of notes receivable	6,831	8,534
Amortization of debt issuance costs	242	287
Write off of Deferred Debt Issuance Cost	0	588
Amortization of mortgage servicing rights	495	1,514
Provision for credit losses	64	13
Share-based compensation	4,462	3,479
Decrease (increase) in operating assets:
Cash segregated for regulatory and other purposes	17,739	17,206
Deposits with clearing organizations	(15,115)	(8,506)
Receivable from brokers, dealers and clearing organizations	(42,695)	13,556
Receivable from customers	(41,262)	(82,159)
Income tax receivable	(47)	(6,678)
Securities purchased under agreements to resell	147,305	(65,175)
Securities owned	(161,995)	(88,383)
Notes receivable	(6,985)	(5,599)
Loans held for sale	(57,108)	60,183
Mortgage servicing rights	425	(1,750)
Other assets	(4,377)	29,586
Increase (decrease) in operating liabilities:
Drafts payable	(31,319)	(15,285)
Payable to brokers, dealers and clearing organizations	(19,154)	32,117
Payable to customers	1,985	58,320
Securities sold under agreements to repurchase	(63,588)	59,115
Securities sold, but not yet purchased	128,157	49,778
Accrued compensation	(45,254)	(58,363)
Accounts payable and other liabilities	41,074	(27,022)
Cash used in operating activities	(126,388)	(13,390)
Cash flows from investing activities
Purchase of office facilities	(1,913)	(2,185)
Cash used in investing activities	(1,913)	(2,185)
Cash flows from investing activities
Cash dividends paid on Class A non-voting and Class B voting common stock	(3,023)	(2,984)
Issuance of Class A non-voting common stock	0	185
Tax benefit (deficiency) from share-based awards	(270)	1,254
Early Repayment of Senior Debt	0	45,000
Increase in bank call loans, net	118,100	29,000
Cash provided by (used in) financing activities	114,807	(17,545)
Net decrease in cash and cash equivalents	(13,494)	(33,120)
Cash and cash equivalents, beginning of period	63,807	98,294
Cash and cash equivalents, end of period	50,313	65,174
Schedule of non-cash financing activities
Employee share plan issuance	3,139	1,774
Supplemental disclosure of cash flow information
Cash paid during the period for interest	8,343	10,507
Cash paid during the period for income taxes, net of refunds	$ 863	$ 2,161