Office Facilities

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Office Facilities

Furniture, equipment and leasehold improvements

(Expressed in thousands)
	For the Years Ended December 31,
	2016			2015
Furniture, fixtures and equipment	$	55,210		$	75,704
Leasehold improvements	56,096			57,393
Total	111,306			133,097
Less accumulated depreciation	(84,073		)	(104,812		)
Total	$	27,233		$	28,285

Depreciation and amortization expense, included in occupancy and equipment costs in the consolidated statement of operations, was $6.8 million, $7.2 million and $7.7 million in the years ended December 31, 2016, 2015 and 2014, respectively.