XML 18 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income (loss) $ (3,909) $ 6,121
Payments Related to Tax Withholding for Share-based Compensation 1,341 1,683
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization of office facilities and leasehold improvements 1,534 1,794
Deferred income taxes 2,735 6,089
Amortization of notes receivable 3,431 3,745
Amortization of debt issuance costs 121 121
Amortization of mortgage servicing rights 782 230
Provision for credit losses 28 12
Share-based compensation 1,189 1,495
Decrease (increase) in operating assets:    
Cash and securities segregated for regulatory and other purposes 0 17,077
Increase (Decrease) in Deposit Assets 7,077 13,748
Receivable from brokers, dealers and clearing organizations 97,550 (23,628)
Receivable from customers 48,696 (26,083)
Income tax receivable (6,324) (2,089)
Securities purchased under agreements to resell 206,499 251,606
Securities owned (301,389) (112,208)
Notes receivable (3,451) (3,808)
Loans held for sale 46,702 (76,633)
Mortgage servicing rights (638) 1,519
Other assets (13,625) (11,820)
Increase (Decrease) in Book Overdrafts (10,348) (758)
Increase (decrease) in operating liabilities:    
Payable to brokers, dealers and clearing organizations 43,333 93,069
Payable to customers (73,276) 51,831
Securities sold under agreements to repurchase (121,693) (290,051)
Securities sold, but not yet purchased 144,459 92,139
Accrued compensation (56,760) (63,063)
Accounts payable and other liabilities (38,600) 62,141
Cash used in operating activities (41,372) (36,583)
Cash flows from investing activities    
Purchase of office facilities (1,762) (474)
Cash used in investing activities (1,762) (474)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (1,476) (1,511)
Repurchase of Class A non-voting common stock for cancellation (3,634) 0
Tax deficiency from share-based awards (741) (321)
Increase in bank call loans, net 48,100 42,000
Cash provided by financing activities 42,249 40,168
Net (decrease) increase in cash and cash equivalents (885) 3,111
Cash and cash equivalents, beginning of period 63,364 63,807
Cash and cash equivalents, end of period 62,479 66,918
Schedule of non-cash financing activities    
Employee share plan issuance 5,463 2,889
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 1,788 611
Cash paid during the period for income taxes, net of refunds $ 181 $ 107