XML 76 R66.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES        
Commissions $ 83,852 $ 92,591 [1] $ 170,569 $ 196,424 [1]
Advisory fees 72,783 66,104 [1] 142,192 132,130 [1]
Investment banking 15,386 18,881 [1] 33,407 31,264 [1]
Interest 12,829 12,007 [1] 23,394 25,049 [1]
Principal transactions, net 5,302 7,577 [1] 10,675 14,195 [1]
Other 25,732 14,914 [1] 48,908 27,968 [1]
Total revenue 215,884 212,074 [1] 429,145 427,030 [1]
EXPENSES        
Compensation and related expenses 142,657 141,721 [1] 286,535 290,216 [1]
Communications and technology 18,399 17,638 [1] 36,105 35,318 [1]
Occupancy and equipment costs 15,161 14,984 [1] 30,433 29,887 [1]
Clearing and exchange fees 5,916 6,199 [1] 11,770 13,120 [1]
Interest 6,854 4,972 [1] 12,210 9,839 [1]
Other 28,534 31,806 [1] 60,754 61,236 [1]
Total expenses 217,521 217,320 [1] 437,807 439,616 [1]
Income (loss) before income taxes (1,637) (5,246) [1] (8,662) (12,586) [1]
Income taxes (274) (2,391) (1,961) (6,439)
Net loss from continuing operations (1,363) (2,855) [1] (6,701) (6,147) [1]
Income attributable to noncontrolling interest before income taxes 89 15,366 [1] 1,065 14,709 [1]
Tax effect of discontinued operation 36 5,800 [1] 425 5,760 [1]
Net income from discontinued operations 53 9,566 [1] 640 8,949 [1]
Equity in earnings of subsidiaries 0 0 0 0
Net income (loss) (1,310) 6,711 [1] (6,061) 2,802 [1]
Net income attributable to noncontrolling interest, net of tax 9 1,523 [1] 105 1,461 [1]
Net income (loss) attributable to Oppenheimer Holdings Inc. (1,319) 5,188 [1] (6,166) 1,341 [1]
Other comprehensive income (loss) 780 (654) 2,204 219
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. (539) 4,534 (3,962) 1,560
Eliminations [Member]        
REVENUES        
Commissions 0 0 0 0
Advisory fees (343) (407) (663) (760)
Investment banking (3,000) 0 (3,000) 0
Interest (2,575) (2,565) (5,151) (5,132)
Principal transactions, net 0 0 0 0
Other (89) (80) (177) (158)
Total revenue (6,007) (3,052) (8,991) (6,050)
EXPENSES        
Compensation and related expenses 0 0 0 0
Communications and technology 0 0 0 0
Occupancy and equipment costs (89) (80) (177) (158)
Clearing and exchange fees 0 0 0 0
Interest (2,575) (2,565) (5,151) (5,132)
Other (3,343) (407) (3,663) (760)
Total expenses (6,007) (3,052) (8,991) (6,050)
Income (loss) before income taxes 0 0 0 0
Income taxes 0 0 0 0
Net loss from continuing operations 0 0 0 0
Income attributable to noncontrolling interest before income taxes 0 0 0 0
Tax effect of discontinued operation 0 0 0 0
Net income from discontinued operations 0 0 0 0
Equity in earnings of subsidiaries (5,753) (10,564) 726 (6,522)
Net income (loss) (5,753) (10,564) 726 (6,522)
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. (5,753) (10,564) 726 (6,522)
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. (5,753) (10,564) 726 (6,522)
Parent Company [Member]        
REVENUES        
Commissions 0 0 0 0
Advisory fees 0 0 0 0
Investment banking 0 0 0 0
Interest 0 0 0 0
Principal transactions, net 0 0 0 0
Other 0 0 0 0
Total revenue 0 0 0 0
EXPENSES        
Compensation and related expenses 367 356 705 743
Communications and technology 49 34 79 62
Occupancy and equipment costs 0 0 0 0
Clearing and exchange fees 0 0 0 0
Interest 3,709 3,282 6,990 6,563
Other 3,922 523 4,249 1,196
Total expenses 8,047 4,195 12,023 8,564
Income (loss) before income taxes (8,047) (4,195) (12,023) (8,564)
Income taxes (3,098) (3,272) (4,626) (4,986)
Net loss from continuing operations (4,949) (923) (7,397) (3,578)
Income attributable to noncontrolling interest before income taxes 0 0 0 0
Tax effect of discontinued operation 0 0 0 0
Net income from discontinued operations 0 0 0 0
Equity in earnings of subsidiaries 3,630 6,111 1,231 4,919
Net income (loss) (1,319) 5,188 (6,166) 1,341
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. (1,319) 5,188 (6,166) 1,341
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. (1,319) 5,188 (6,166) 1,341
Guarantor Subsidiaries [Member]        
REVENUES        
Commissions 0 0 0 0
Advisory fees 0 0 0 0
Investment banking 0 0 0 0
Interest 2,559 2,556 5,138 5,113
Principal transactions, net 9 22 15 52
Other 90 81 178 159
Total revenue 2,658 2,659 5,331 5,324
EXPENSES        
Compensation and related expenses 0 0 0 0
Communications and technology 0 0 0 0
Occupancy and equipment costs 0 0 0 0
Clearing and exchange fees 0 0 0 0
Interest 0 0 0 0
Other 195 2 267 5
Total expenses 195 2 267 5
Income (loss) before income taxes 2,463 2,657 5,064 5,319
Income taxes 956 999 1,876 2,003
Net loss from continuing operations 1,507 1,658 3,188 3,316
Income attributable to noncontrolling interest before income taxes 0 0 0 0
Tax effect of discontinued operation 0 0 0 0
Net income from discontinued operations 0 0 0 0
Equity in earnings of subsidiaries 2,123 4,453 (1,957) 1,603
Net income (loss) 3,630 6,111 1,231 4,919
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. 3,630 6,111 1,231 4,919
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. 3,630 6,111 1,231 4,919
Non-Guarantor Subsidiaries [Member]        
REVENUES        
Commissions 83,852 92,591 170,569 196,424
Advisory fees 73,126 66,511 142,855 132,890
Investment banking 18,386 18,881 36,407 31,264
Interest 12,845 12,016 23,407 25,068
Principal transactions, net 5,293 7,555 10,660 14,143
Other 25,731 14,913 48,907 27,967
Total revenue 219,233 212,467 432,805 427,756
EXPENSES        
Compensation and related expenses 142,290 141,365 285,830 289,473
Communications and technology 18,350 17,604 36,026 35,256
Occupancy and equipment costs 15,250 15,064 30,610 30,045
Clearing and exchange fees 5,916 6,199 11,770 13,120
Interest 5,720 4,255 10,371 8,408
Other 27,760 31,688 59,901 60,795
Total expenses 215,286 216,175 434,508 437,097
Income (loss) before income taxes 3,947 (3,708) (1,703) (9,341)
Income taxes 1,868 (118) 789 (3,456)
Net loss from continuing operations 2,079 (3,590) (2,492) (5,885)
Income attributable to noncontrolling interest before income taxes 89 15,366 1,065 14,709
Tax effect of discontinued operation 36 5,800 425 5,760
Net income from discontinued operations 53 9,566 640 8,949
Equity in earnings of subsidiaries 0 0 0 0
Net income (loss) 2,132 5,976 (1,852) 3,064
Net income attributable to noncontrolling interest, net of tax 9 1,523 105 1,461
Net income (loss) attributable to Oppenheimer Holdings Inc. 2,123 4,453 (1,957) 1,603
Other comprehensive income (loss) 780 (654) 2,204 219
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. $ 2,903 $ 3,799 $ 247 $ 1,822
[1] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOmQwNTUxZjZiZmE3YzQzNmRhNDgyNjI4Njg2MGZlNTFkfFRleHRTZWxlY3Rpb246QkY3N0ZFNTY0NDI0QTJENUI1NEJFOTUxMzA2RkE2RDAM}