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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income for the year $ 2,898 $ 9,561 $ 26,153
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) 0
Non-cash items included in net income:      
Depreciation and amortization of office facilities and leasehold improvements 7,188 7,748 9,405
Deferred income taxes 4,538 6,001 23,436
Amortization of notes receivable 12,708 16,043 18,762
Amortization of debt issuance costs 485 530 639
Write-off of debt issuance costs 0 588 0
Amortization of mortgage servicing rights 727 2,819 1,881
Provision for credit losses 118 4 167
Share-based compensation 2,860 6,074 9,249
Decrease (increase) in operating assets:      
Cash and securities segregated for regulatory and other purposes 18,594 17,729 (3,323)
Deposits with clearing organizations (12,980) (12,831) 2,275
Receivable from brokers, dealers and clearing organizations (46,438) 50,398 114,826
Receivable from customers 23,716 4,676 (51,095)
Income tax receivable (6,697) 2,322 (6,111)
Securities purchased under agreements to resell 45,107 (66,781) (184,825)
Securities owned 107,762 12,933 (96,346)
Notes receivable (10,625) (10,224) (12,189)
Loans held for sale (40,991) 56,746 (53,115)
Mortgage servicing rights 1,245 (4,080) (3,777)
Other assets 35 53,929 (49,772)
Increase (decrease) in operating liabilities:      
Drafts payable 12,638 (12,825) (8,388)
Payable to brokers, dealers and clearing organizations (92,615) 33,846 19,097
Payable to customers (57,423) 25,692 (65,814)
Securities sold under agreements to repurchase (35,995) (70,051) 365,100
Securities sold, but not yet purchased 33,983 16,196 (97,136)
Accrued compensation (12,443) (15,365) 25,581
Accounts payable and other liabilities 22,469 (51,289) 11,891
Cash (used in) provided by operating activities (20,819) 78,315 (3,429)
Cash flows from investing activities      
Purchase of office facilities (5,889) (4,398) (14,012)
Cash used in investing activities (5,889) (4,398) (14,012)
Cash flows from financing activities      
Cash dividends paid on Class A non-voting and Class B voting common stock (6,008) (5,983) (5,978)
Issuance of Class A non-voting common stock 0 185 150
Repurchase of Class A non-voting common stock for cancellation (8,250) 0 (3,625)
Tax (deficiency) benefit from share-based awards (277) 1,194 (78)
Redemption of senior secured notes 0 (45,000) 0
Increase (decrease) in bank call loans, net 40,800 (58,800) (10,100)
Cash provided by (used in) financing activities 26,265 (108,404) (19,631)
Net decrease in cash and cash equivalents (443) (34,487) (37,072)
Cash and cash equivalents, beginning of year 63,807 98,294 135,366
Cash and cash equivalents, end of year 63,364 63,807 98,294
Schedule of non-cash financing activities      
Employee share plan issuance 3,373 2,014 1,492
Supplemental disclosure of cash flow information      
Cash paid during the year for interest 17,273 18,784 26,492
Cash paid during the year for income taxes, net of refunds $ 6,088 $ 7,590 $ 4,509