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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income (loss) from continuing operations $ (6,061) $ 2,802 [1]
Adjustments to reconcile net income (loss) to net cash used in operating activities    
Depreciation and amortization of furniture, equipment and leasehold improvements 2,783 2,981
Deferred income taxes 1,325 (5,725)
Amortization of notes receivable 5,756 6,752
Amortization of debt issuance costs 223 242
Write-off of debt issuance costs 430 0
Amortization of mortgage servicing rights 0 1,224
Reversal of credit losses (4) (2)
Share-based compensation 1,715 2,595
Excess Tax Benefit from Share-based Compensation, Operating Activities 0 (747)
Gain on sale of assets 0 (14,916)
Decrease (increase) in operating assets:    
Deposits with clearing organizations (2,500) 6,580
Receivable from brokers, dealers and clearing organizations (9,772) 57,593
Receivable from customers (26,425) 59,687
Income tax receivable (4,289) 10,213
Securities purchased under agreements to resell 19,154 206,499
Securities owned (279,324) (217,075)
Notes receivable (11,897) (6,915)
Loans held for sale 0 58,491
Mortgage servicing rights 0 (1,036)
Other assets (9,317) (19,022)
Increase (decrease) in operating liabilities:    
Drafts payable (9,461) (21,252)
Payable to brokers, dealers and clearing organizations 18,189 7,816
Payable to customers 48,616 1,608
Securities sold under agreements to repurchase 79,725 (218,533)
Securities sold but not yet purchased 149,728 132,539
Accrued compensation (30,925) (42,521)
Accounts payable and other liabilities (8,054) (49,999)
Cash used in operating activities (70,385) (40,121)
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (2,075) (2,572)
Proceeds from sale of assets 0 43,252
Proceeds from the settlement of company-owned life insurance 1,194 0
Cash (used in) provided by investing activities (881) 40,680
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (2,940) (2,947)
Cash dividends paid to noncontrolling interest (816) 0
Repurchase of Class A non-voting common stock for cancellation (5,159) (3,798)
Payments for employee taxes withheld related to vested share-based awards (2,203) (1,341)
Issuance of senior secured note 200,000 0
Repayments of Long-term Debt 150,000 0
Debt issuance costs (547) 0
Increase in bank call loans, net 84,600 51,700
Cash provided by financing activities 122,935 43,614
Net increase in cash and cash equivalents 51,669 44,173
Cash and cash equivalents, beginning of period 64,913 63,364
Cash and cash equivalents, end of period 116,582 107,537
Schedule of non-cash financing activities    
Employee share plan issuance 3,857 5,584
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 14,607 10,270
Cash paid (received) during the period for income taxes, net $ 551 $ (4,420)
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