XML 74 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidating Financial Information - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Commissions $ 77,635 $ 90,023 $ 248,204 $ 286,447
Advisory fees 74,329 67,452 216,521 199,582
Investment banking 23,940 20,280 57,347 51,544
Interest 12,952 11,291 36,346 36,340
Principal transactions, net 5,135 4,922 15,810 19,117
Other 32,229 17,836 81,137 45,804
Total revenue 226,220 211,804 655,365 638,834
EXPENSES        
Compensation and related expenses 142,090 142,308 428,625 432,524
Communications and technology 17,781 17,201 53,886 52,519
Occupancy and equipment costs 15,288 14,909 45,721 44,796
Clearing and exchange fees 5,622 5,886 17,392 19,006
Interest 6,500 4,687 18,710 14,526
Other 27,111 28,623 87,865 89,859
Total expenses 214,392 213,614 652,199 653,230
Income (Loss) before income taxes 11,828 (1,810) 3,166 (14,396)
Income taxes 4,425 (751) 2,464 (7,190)
Net income (loss) from continuing operations 7,403 (1,059) 702 (7,206)
Income attributable to noncontrolling interest before income taxes 769 888 1,834 15,597
Tax effect of discontinued operation 308 475 733 6,235
Net income from discontinued operations 461 413 1,101 9,362
Equity in earnings of subsidiaries 0 0 0 0
Net income 7,864 (646) 1,803 2,156
Net income attributable to noncontrolling interest, net of tax 75 66 180 1,527
Net income (loss) attributable to Oppenheimer Holdings Inc. 7,789 (712) 1,623 629
Other comprehensive income (loss) (251) 681 1,953 900
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. 7,538 (31) 3,576 1,529
Eliminations [Member]        
REVENUES        
Commissions 0 0 0 0
Advisory fees (326) (437) (989) (1,197)
Investment banking 0 0 (3,000) 0
Interest (2,411) (2,692) (7,562) (7,824)
Principal transactions, net 0 0 0 0
Other (89) (81) (266) (239)
Total revenue (2,826) (3,210) (11,817) (9,260)
EXPENSES        
Compensation and related expenses 0 0 0 0
Communications and technology 0 0 0 0
Occupancy and equipment costs (89) (81) (266) (239)
Clearing and exchange fees 0 0 0 0
Interest (2,411) (2,692) (7,562) (7,824)
Other (326) (437) (3,989) (1,197)
Total expenses (2,826) (3,210) (11,817) (9,260)
Income (Loss) before income taxes 0 0 0 0
Income taxes 0 0 0 0
Net income (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 (19,164) (51) (18,438) (6,573)
Net income (19,164) (51) (18,438) (6,573)
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. (19,164) (51) (18,438) (6,573)
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. (19,164) (51) (18,438) (6,573)
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 22 0 22 0
Total revenue 22 0 22 0
EXPENSES        
Compensation and related expenses 271 251 976 994
Communications and technology 33 30 112 92
Occupancy and equipment costs 0 0 0 0
Clearing and exchange fees 0 0 0 0
Interest 3,375 3,281 10,365 9,844
Other 412 310 4,661 1,506
Total expenses 4,091 3,872 16,114 12,436
Income (Loss) before income taxes (4,069) (3,872) (16,092) (12,436)
Income taxes (1,558) (2,018) (6,184) (7,004)
Net income (loss) from continuing operations (2,511) (1,854) (9,908) (5,432)
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 10,300 1,142 11,531 6,061
Net income 7,789 (712) 1,623 629
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. 7,789 (712) 1,623 629
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. 7,789 (712) 1,623 629
Guarantor Subsidiaries [Member]        
REVENUES        
Commissions 0 0 0 0
Advisory fees 0 0 0 0
Investment banking 0 0 0 0
Interest 2,391 2,556 7,529 7,669
Principal transactions, net 2 1 17 53
Other 89 81 267 240
Total revenue 2,482 2,638 7,813 7,962
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 62 3 329 8
Total expenses 62 3 329 8
Income (Loss) before income taxes 2,420 2,635 7,484 7,954
Income taxes 984 402 2,860 2,405
Net income (loss) from continuing operations 1,436 2,233 4,624 5,549
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 8,864 (1,091) 6,907 512
Net income 10,300 1,142 11,531 6,061
Net income attributable to noncontrolling interest, net of tax 0 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc. 10,300 1,142 11,531 6,061
Other comprehensive income (loss) 0 0 0 0
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. 10,300 1,142 11,531 6,061
Non-Guarantor Subsidiaries [Member]        
REVENUES        
Commissions 77,635 90,023 248,204 286,447
Advisory fees 74,655 67,889 217,510 200,779
Investment banking 23,940 20,280 60,347 51,544
Interest 12,972 11,427 36,379 36,495
Principal transactions, net 5,133 4,921 15,793 19,064
Other 32,207 17,836 81,114 45,803
Total revenue 226,542 212,376 659,347 640,132
EXPENSES        
Compensation and related expenses 141,819 142,057 427,649 431,530
Communications and technology 17,748 17,171 53,774 52,427
Occupancy and equipment costs 15,377 14,990 45,987 45,035
Clearing and exchange fees 5,622 5,886 17,392 19,006
Interest 5,536 4,098 15,907 12,506
Other 26,963 28,747 86,864 89,542
Total expenses 213,065 212,949 647,573 650,046
Income (Loss) before income taxes 13,477 (573) 11,774 (9,914)
Income taxes 4,999 865 5,788 (2,591)
Net income (loss) from continuing operations 8,478 (1,438) 5,986 (7,323)
Income attributable to noncontrolling interest before income taxes 769 888 1,834 15,597
Tax effect of discontinued operation 308 475 733 6,235
Net income from discontinued operations 461 413 1,101 9,362
Equity in earnings of subsidiaries 0 0 0 0
Net income 8,939 (1,025) 7,087 2,039
Net income attributable to noncontrolling interest, net of tax 75 66 180 1,527
Net income (loss) attributable to Oppenheimer Holdings Inc. 8,864 (1,091) 6,907 512
Other comprehensive income (loss) (251) 681 1,953 900
Comprehensive income (loss) attributable to Oppenheimer Holdings Inc. $ 8,613 $ (410) $ 8,860 $ 1,412