XML 73 R63.htm IDEA: XBRL DOCUMENT v3.7.0.1
Supplemental Guarantor Condensed Consolidated Financial Statements - Condensed Consolidating Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
ASSETS        
Cash and cash equivalents $ 62,421 $ 64,913 $ 62,479 $ 63,364
Deposits with clearing organizations 41,902 38,185    
Receivable from brokers, dealers and clearing organizations 232,682 214,934    
Receivable from customers, net of allowance for credit losses of $761 ($794 in 2016) 830,084 847,386    
Income tax receivable 9,119 5,816    
Securities purchased under agreements to resell, at fair value 3,896 24,006    
Securities owned, at fair value 1,002,705 707,108    
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $23,866 and $7,300, respectively ($24,826 and $6,784, respectively, in 2016) 33,808 30,099    
Office facilities, net of accumulated depreciation of $104,065 ($97,118 in 2013) 27,351 27,233    
Assets held for sale 1,330 5,188    
Subordinated loan receivable 0 0    
Intangible assets 31,700 31,700    
Goodwill 137,889 137,889    
Other assets 110,540 102,473    
Deferred tax assets 0 0    
Investment in subsidiaries 0 0    
Intercompany receivables 0 0    
Total assets 2,525,427 2,236,930    
Liabilities        
Drafts payable 32,783 39,228    
Bank call loans 195,700 145,800    
Payable to brokers, dealers and clearing organizations 175,204 221,389    
Payable to customers 504,348 449,946    
Securities sold under agreements to repurchase 456,090 378,084    
Securities sold but not yet purchased, at fair value 299,472 85,050    
Liabilities held for sale 1,421 1,217    
Accrued compensation 95,164 145,053    
Accounts payable and other liabilities 99,249 95,340    
Income tax payable 0 0    
Senior secured notes, net of debt issuance costs of $527 ($648 in 2016) 149,473 149,352    
Subordinated indebtedness 0 0    
Deferred tax liabilities, net 13,944 13,137    
Intercompany payables 0 0    
Total liabilities 2,022,848 1,723,596    
Stockholders' equity        
Stockholders' equity attributable to Oppenheimer Holdings Inc. 500,674 510,703    
Noncontrolling interest 1,905 2,631    
Total stockholders' equity 502,579 513,334 516,346  
Total liabilities and stockholders' equity 2,525,427 2,236,930    
Allowance for credit losses 761 794    
Amounts pledged 705,988 438,385    
Notes Receivable, Net Accumulated Amortization 23,866 24,826    
Notes Receivable, Net Allowance for Uncollectibles 7,300 6,784    
Net accumulated depreciation 85,672 84,073    
Unamortized debt issuance expense 527 648    
Eliminations        
ASSETS        
Cash and cash equivalents 0 0 0 0
Deposits with clearing organizations 0 0    
Receivable from brokers, dealers and clearing organizations 0 0    
Receivable from customers, net of allowance for credit losses of $761 ($794 in 2016) 0 0    
Income tax receivable (62,416) (64,469)    
Securities purchased under agreements to resell, at fair value 0 0    
Securities owned, at fair value 0 0    
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $23,866 and $7,300, respectively ($24,826 and $6,784, respectively, in 2016) 0 0    
Office facilities, net of accumulated depreciation of $104,065 ($97,118 in 2013) 0 0    
Assets held for sale 0 0    
Subordinated loan receivable (112,558) (112,558)    
Intangible assets 0 0    
Goodwill 0 0    
Other assets 0 0    
Deferred tax assets (34,946) (38,664)    
Investment in subsidiaries (1,057,416) (1,068,390)    
Intercompany receivables (73,826) (75,820)    
Total assets (1,341,162) (1,359,901)    
Liabilities        
Drafts payable 0 0    
Bank call loans 0 0    
Payable to brokers, dealers and clearing organizations 0 0    
Payable to customers 0 0    
Securities sold under agreements to repurchase 0 0    
Securities sold but not yet purchased, at fair value 0 0    
Liabilities held for sale 0 0    
Accrued compensation 0 0    
Accounts payable and other liabilities 0 0    
Income tax payable (62,416) (64,469)    
Senior secured notes, net of debt issuance costs of $527 ($648 in 2016) 0 0    
Subordinated indebtedness (112,558) (112,558)    
Deferred tax liabilities, net (34,946) (38,664)    
Intercompany payables (73,826) (75,820)    
Total liabilities (283,746) (291,511)    
Stockholders' equity        
Stockholders' equity attributable to Oppenheimer Holdings Inc. (1,057,416) (1,068,390)    
Noncontrolling interest 0 0    
Total stockholders' equity (1,057,416) (1,068,390)    
Total liabilities and stockholders' equity (1,341,162) (1,359,901)    
Guarantor Subsidiaries        
ASSETS        
Cash and cash equivalents 14,384 10,284 119 2,586
Deposits with clearing organizations 0 0    
Receivable from brokers, dealers and clearing organizations 0 0    
Receivable from customers, net of allowance for credit losses of $761 ($794 in 2016) 0 0    
Income tax receivable 28,284 28,289    
Securities purchased under agreements to resell, at fair value 0 0    
Securities owned, at fair value 23,742 23,227    
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $23,866 and $7,300, respectively ($24,826 and $6,784, respectively, in 2016) 0 0    
Office facilities, net of accumulated depreciation of $104,065 ($97,118 in 2013) 21,489 21,963    
Assets held for sale 0 0    
Subordinated loan receivable 112,558 112,558    
Intangible assets 0 0    
Goodwill 0 0    
Other assets 927 2,598    
Deferred tax assets 0 309    
Investment in subsidiaries 473,618 483,623    
Intercompany receivables 43,750 37,914    
Total assets 718,752 720,765    
Liabilities        
Drafts payable 0 0    
Bank call loans 0 0    
Payable to brokers, dealers and clearing organizations 0 0    
Payable to customers 0 0    
Securities sold under agreements to repurchase 0 0    
Securities sold but not yet purchased, at fair value 0 0    
Liabilities held for sale 0 0    
Accrued compensation 0 0    
Accounts payable and other liabilities 34,248 34,920    
Income tax payable 22,189 22,189    
Senior secured notes, net of debt issuance costs of $527 ($648 in 2016) 0 0    
Subordinated indebtedness 0 0    
Deferred tax liabilities, net 22 7    
Intercompany payables 62,163 62,205    
Total liabilities 118,622 119,321    
Stockholders' equity        
Stockholders' equity attributable to Oppenheimer Holdings Inc. 600,130 601,444    
Noncontrolling interest 0 0    
Total stockholders' equity 600,130 601,444    
Total liabilities and stockholders' equity 718,752 720,765    
Non-Guarantor Subsidiaries        
ASSETS        
Cash and cash equivalents 47,131 54,400 62,164 59,871
Deposits with clearing organizations 41,902 38,185    
Receivable from brokers, dealers and clearing organizations 232,682 214,934    
Receivable from customers, net of allowance for credit losses of $761 ($794 in 2016) 830,084 847,386    
Income tax receivable 0 0    
Securities purchased under agreements to resell, at fair value 3,896 24,006    
Securities owned, at fair value 978,963 683,881    
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $23,866 and $7,300, respectively ($24,826 and $6,784, respectively, in 2016) 33,808 30,099    
Office facilities, net of accumulated depreciation of $104,065 ($97,118 in 2013) 5,862 5,270    
Assets held for sale 1,330 5,188    
Subordinated loan receivable 0 0    
Intangible assets 31,700 31,700    
Goodwill 137,889 137,889    
Other assets 109,530 99,804    
Deferred tax assets 34,280 37,961    
Investment in subsidiaries 0 0    
Intercompany receivables 0 0    
Total assets 2,489,057 2,210,703    
Liabilities        
Drafts payable 32,783 39,228    
Bank call loans 195,700 145,800    
Payable to brokers, dealers and clearing organizations 175,204 221,389    
Payable to customers 504,348 449,946    
Securities sold under agreements to repurchase 456,090 378,084    
Securities sold but not yet purchased, at fair value 299,472 85,050    
Liabilities held for sale 1,421 1,217    
Accrued compensation 95,164 145,053    
Accounts payable and other liabilities 58,808 57,552    
Income tax payable 37,787 39,840    
Senior secured notes, net of debt issuance costs of $527 ($648 in 2016) 0 0    
Subordinated indebtedness 112,558 112,558    
Deferred tax liabilities, net 48,868 51,794    
Intercompany payables 11,663 13,615    
Total liabilities 2,029,866 1,741,126    
Stockholders' equity        
Stockholders' equity attributable to Oppenheimer Holdings Inc. 457,286 466,946    
Noncontrolling interest 1,905 2,631    
Total stockholders' equity 459,191 469,577    
Total liabilities and stockholders' equity 2,489,057 2,210,703    
Parent        
ASSETS        
Cash and cash equivalents 906 229 196 $ 907
Deposits with clearing organizations 0 0    
Receivable from brokers, dealers and clearing organizations 0 0    
Receivable from customers, net of allowance for credit losses of $761 ($794 in 2016) 0 0    
Income tax receivable 43,251 41,996    
Securities purchased under agreements to resell, at fair value 0 0    
Securities owned, at fair value 0 0    
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $23,866 and $7,300, respectively ($24,826 and $6,784, respectively, in 2016) 0 0    
Office facilities, net of accumulated depreciation of $104,065 ($97,118 in 2013) 0 0    
Assets held for sale 0 0    
Subordinated loan receivable 0 0    
Intangible assets 0 0    
Goodwill 0 0    
Other assets 83 71    
Deferred tax assets 666 394    
Investment in subsidiaries 583,798 584,767    
Intercompany receivables 30,076 37,906    
Total assets 658,780 665,363    
Liabilities        
Drafts payable 0 0    
Bank call loans 0 0    
Payable to brokers, dealers and clearing organizations 0 0    
Payable to customers 0 0    
Securities sold under agreements to repurchase 0 0    
Securities sold but not yet purchased, at fair value 0 0    
Liabilities held for sale 0 0    
Accrued compensation 0 0    
Accounts payable and other liabilities 6,193 2,868    
Income tax payable 2,440 2,440    
Senior secured notes, net of debt issuance costs of $527 ($648 in 2016) 149,473 149,352    
Subordinated indebtedness 0 0    
Deferred tax liabilities, net 0 0    
Intercompany payables 0 0    
Total liabilities 158,106 154,660    
Stockholders' equity        
Stockholders' equity attributable to Oppenheimer Holdings Inc. 500,674 510,703    
Noncontrolling interest 0 0    
Total stockholders' equity 500,674 510,703 $ 509,384  
Total liabilities and stockholders' equity $ 658,780 $ 665,363