Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following is a summary of the assets and liabilities held for sale of OMHHF as of December 31, 2016 and December 31, 2015:

(Expressed in thousands)
	December 31, 2016		December 31, 2015
ASSETS
Securities owned	$	3,560	$	562
Loans held for sale	—		60,234
Mortgage servicing rights	—		28,168
Other assets	1,628		10,917
Total assets	$	5,188	$	99,881
LIABILITIES
Accounts payable and other liabilities	$	1,217	$	64,124
Deferred tax liability	—		10,556
Total liabilities	$	1,217	$	74,680

The following is a summary of revenue and expenses of OMHHF for the years ended December 31, 2016, 2015 and 2014:

(Expressed in thousands)
	For the Years Ended December 31,
	2016			2015		2014
REVENUE
Interest	$	943		$	1,999	$	1,739
Principal transactions, net	(9,022		)	5,323		2,184
Gain on sale of assets	16,475			—		—
Other	16,917			23,262		19,406
Total revenue	25,313			30,584		23,329
EXPENSES
Compensation and related expenses	4,311			12,406		10,245
Communications and technology	221			361		420
Occupancy and equipment costs	415			302		341
Interest	408			994		845
Other	2,619			7,382		2,932
Total expenses	7,974			21,445		14,783
Income before income taxes	$	17,339		$	9,139	$	8,546
Income attributable to noncontrolling interest before income taxes	$	2,830		$	1,491	$	1,395

The following is a summary of cash flows of OMHHF for the years ended December 31, 2016, 2015 and 2014:

(Expressed in thousands)
	For the Years Ended December 31,
	2016			2015			2014
Cash (used in) provided by operating activities	$	(14,097	)	$	3,322		$	6,877
Cash provided by investing activities	45,448			—			—
Cash used in financing activities (1)	(35,421		)	(249		)	(251		)
Net (decrease) increase in cash and cash equivalents	$	(4,070	)	$	3,073		$	6,626

(1)    Includes cash dividends paid to its parent (E.A. Viner International Co.) and noncontrolling interest of $29.4 million and $5.7 million, respectively, for the year ended December 31, 2016.