Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31, 2017 and December 31, 2016:

(Expressed in thousands)
	March 31, 2017		December 31, 2016
ASSETS
Securities owned	$	562	$	3,560
Other assets	768		1,628
Total assets	$	1,330	$	5,188
LIABILITIES
Accounts payable and other liabilities	$	1,421	$	1,217

The following is a summary of revenue and expenses of OMHHF for the three months ended March 31, 2017 and 2016:

(Expressed in thousands)
	For the Three Months Ended March 31,
	2017		2016
REVENUE
Interest	$	3	$	337
Principal transactions, net	—		(5,087		)
Other (1)	995		8,488
Total revenue	998		3,738
EXPENSES
Compensation and related expenses	11		2,918
Communications and technology	8		101
Occupancy and equipment costs	—		75
Interest	—		221
Other	3		1,080
Total expenses	22		4,395
Income (loss) before income taxes	$	976	$	(657	)
Income (loss) attributable to noncontrolling interest before income taxes	$	159	$	(107	)

(1) Other revenue for the three months ended March 31, 2017 was primarily due to earn-out from the sale of the pipeline business in 2016.

The following is a summary of cash flows of OMHHF for the three months ended March 31, 2017 and 2016:

(Expressed in thousands)
	For the Three Months Ended March 31,
	2017			2016
Cash provided by operating activities	$	4,649		$	4,143
Cash provided by investing activities	—			1
Cash used in financing activities (1)(2)	(10,035		)	(62		)
Net (decrease) increase in cash and cash equivalents	$	(5,386	)	$	4,082

(1) Includes cash dividends paid to its parent (E.A. Viner International Co.) and noncontrolling interest of $4.2 million and $816,000, respectively, for the three months ended March 31, 2017.

(2) Includes $5.0 million paid to its parent due to redemption of its outstanding preferred stock.