Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following is a summary of revenue and expenses of OMHHF for the three and nine months ended September 30, 2017 and 2016:

(Expressed in thousands)
	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2017		2016			2017		2016
REVENUE
Interest	$	2	$	112		$	7	$	921
Principal transactions, net	—		(2,380		)	—		(9,008		)
Gain on sale of assets	—		—			—		14,916
Other (1)	783		4,073			1,887		16,631
Total revenue	785		1,805			1,894		23,460
EXPENSES
Compensation and related expenses	1		573			18		4,225
Communications and technology	8		40			20		201
Occupancy and equipment costs	—		37			—		399
Interest	7		28			7		408
Other	—		239			15		2,630
Total expenses	16		917			60		7,863
Income before income taxes	$	769	$	888		$	1,834	$	15,597
Income attributable to noncontrolling interest before income taxes	$	126	$	145		$	299	$	2,545

(1) Other revenue for the three and nine months ended September 30, 2017 was primarily due to an earn-out from the sale of OMHHF's pipeline business in 2016.

The following is a summary of cash flows of OMHHF for the nine months ended September 30, 2017 and 2016:

(Expressed in thousands)
	For the Nine Months Ended September 30,
	2017			2016
Cash provided by (used in) operating activities	$	4,789		$	(4,143	)
Cash provided by investing activities	—			47,562
Cash used in financing activities (1)(2)	(20,035		)	(35,358		)
Net (decrease) increase in cash and cash equivalents	$	(15,246	)	$	8,061

(1) Includes cash dividends paid to its parent (E.A. Viner International Co.) and noncontrolling interest of $12.6 million and $2.4 million, respectively, for the nine months ended September 30, 2017.

(2) Includes $5.0 million paid to its parent due to redemption of its outstanding preferred stock for the nine months ended September 30, 2017.