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Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Reported Revenue and Profit Before Income Taxes
The table below presents information about the reported revenue and net income before taxes from continuing operations of the Company for the three and nine months ended September 30, 2016 and 2015. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use by the chief operating decision maker.
(Expressed in thousands)
 
 
 
 
 
 
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Revenue
 
 
 
 
 
 
 
Private client (1)
$
127,835

 
$
122,324

 
$
376,737

 
$
396,039

Asset management (1)
23,234

 
23,849

 
68,978

 
73,654

Capital markets
60,703

 
60,585

 
187,292

 
202,282

Corporate/Other
32

 
720

 
5,827

 
637

Total
$
211,804

 
$
207,478

 
$
638,834

 
$
672,612

 
 
 
 
 
 
 
 
Income (loss) before income taxes from continuing operations
 
 
 
 
 
 
Private client (1)
$
20,137

 
$
14,905

 
$
50,799

 
$
45,064

Asset management (1)
9,380

 
7,563

 
21,851

 
23,250

Capital markets
(1,103
)
 
(2,016
)
 
(3,856
)
 
8,342

Corporate/Other
(30,224
)
 
(23,025
)
 
(83,190
)
 
(74,516
)
Total
$
(1,810
)
 
$
(2,573
)
 
$
(14,396
)
 
$
2,140

(1)    Asset management fees are allocated 22.5% to the Asset Management and 77.5% to the Private Client segments.
Revenue Classified by Major Geographic Areas
Revenue, from continuing operations, classified by the major geographic areas in which it was earned for the three and nine months ended September 30, 2016 and 2015, was as follows:
(Expressed in thousands)
 
 
 
 
 
 
 
 
For the Three Months Ended September 30,
 
For the Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Americas
$
199,878

 
$
197,973

 
$
606,168

 
$
641,366

Europe/Middle East
11,118

 
8,715

 
30,150

 
28,019

Asia
808

 
790

 
2,516

 
3,227

Total
$
211,804

 
$
207,478

 
$
638,834

 
$
672,612