XML 109 R94.htm IDEA: XBRL DOCUMENT v3.8.0.1
Supplemental Guarantor Condensed Consolidated Financial Statements - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
REVENUES                      
Commissions                 $ 336,620 $ 377,317 $ 417,559
Advisory fees                 320,746 269,119 280,247
Investment banking                 78,215 81,011 102,540
Interest                 48,498 47,649 49,032
Principal transactions, net                 23,273 20,481 15,180
Other                 112,986 62,202 33,243
Total revenue $ 264,973 $ 226,220 $ 215,884 $ 213,261 $ 218,945 $ 211,804 $ 212,074 $ 214,956 920,338 857,779 897,801
EXPENSES                      
Compensation and related expenses                 602,138 584,710 610,820
Communications and technology                 71,978 70,390 66,549
Occupancy and equipment costs                 61,164 60,791 62,842
Clearing and exchange fees                 23,545 25,126 26,022
Interest                 28,354 19,437 16,329
Other                 113,423 119,217 117,667
Total expenses 248,403 214,392 217,521 220,286 226,441 213,614 217,320 222,296 900,602 879,671 900,229
Income (loss) before income taxes from continuing operations 16,570 11,828 (1,637) (7,025) (7,496) (1,810) (5,246) (7,340) 19,736 (21,892) (2,428)
Other Income Tax Expense (Benefit), Continuing Operations (4,598) 4,425 (274) (1,687) (5,072) (751) (2,391) (4,048) (2,134) (12,262) 406
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 21,168 7,403 (1,363) (5,338) (2,424) (1,059) (2,855) (3,292) 21,870 (9,630) (2,834)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax                 2,071 17,339 9,139
Equity in earnings of subsidiaries                 0 0 [1] 0
Net income 21,197 7,864 (1,310) (4,751) (1,665) (646) 6,711 (3,909) 23,000 491 2,898
Discontinued Operation, Tax Effect of Discontinued Operation                 941 7,218 3,407
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 29 461 53 587 759 413 9,566 (617) 1,130 10,121 5,732
Less net income attributable to noncontrolling interest, net of tax 4 75 9 96 125 66 1,523 (62) 184 1,652 936
Net income (loss) attributable to Oppenheimer Holdings Inc. $ 21,193 $ 7,789 $ (1,319) $ (4,847) $ (1,790) $ (712) $ 5,188 $ (3,847) 22,816 (1,161) 1,962
Other comprehensive income                 2,263 220 17
Total comprehensive income                 25,079 (941) 1,979
Eliminations                      
REVENUES                      
Commissions                 0 0 0
Advisory fees                 (4,120) (4,215) (3,682)
Investment banking                 (3,000) 0 0
Interest                 (9,639) (10,397) (10,261)
Principal transactions, net                 0 0 (64)
Other                 (359) (325) (300)
Total revenue                 (17,118) (14,937) (14,307)
EXPENSES                      
Compensation and related expenses                 0 0 0
Communications and technology                 0 0 0
Occupancy and equipment costs                 (359) (325) (300)
Clearing and exchange fees                 0 0 0
Interest                 (9,639) (10,397) (10,261)
Other                 (7,120) (4,215) (3,746)
Total expenses                 (17,118) (14,937) (14,307)
Income (loss) before income taxes from continuing operations                 0 0 0
Other Income Tax Expense (Benefit), Continuing Operations                 0 0 0
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 0 0 0
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax                 0 0 0
Equity in earnings of subsidiaries                 (48,588) (6,294) (18,636)
Net income                 (48,588) (6,294) (18,636)
Discontinued Operation, Tax Effect of Discontinued Operation                 0 0 0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 0 0 0
Less net income attributable to noncontrolling interest, net of tax                 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc.                 (48,588) (6,294) (18,636)
Other comprehensive income                 0 0 0
Total comprehensive income                 (48,588) (6,294) (18,636)
Guarantor Subsidiaries                      
REVENUES                      
Commissions                 0 0 0
Advisory fees                 1,752 1,571 1,296
Investment banking                 0 0 0
Interest                 9,589 10,242 10,237
Principal transactions, net                 17 16 0
Other                 361 326 370
Total revenue                 11,719 12,155 11,903
EXPENSES                      
Compensation and related expenses                 0 0 0
Communications and technology                 0 0 0
Occupancy and equipment costs                 0 0 0
Clearing and exchange fees                 0 0 0
Interest                 0 0 0
Other                 1,382 1,284 892
Total expenses                 1,382 1,284 892
Income (loss) before income taxes from continuing operations                 10,337 10,871 11,011
Other Income Tax Expense (Benefit), Continuing Operations                 (12,655) 3,325 5,553
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 22,992 7,546 5,458
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax                 0 0 0
Equity in earnings of subsidiaries                 12,798 (626) 6,589
Net income                 35,790 6,920 12,047
Discontinued Operation, Tax Effect of Discontinued Operation                 0 0 0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 0 0 0
Less net income attributable to noncontrolling interest, net of tax                 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc.                 35,790 6,920 12,047
Other comprehensive income                 0 0 0
Total comprehensive income                 35,790 6,920 12,047
Non-Guarantor Subsidiaries                      
REVENUES                      
Commissions                 336,620 377,317 417,559
Advisory fees                 323,114 271,763 282,633
Investment banking                 81,215 81,011 102,540
Interest                 48,548 47,804 49,056
Principal transactions, net                 23,256 20,465 15,244
Other                 112,962 62,201 33,173
Total revenue                 925,715 860,561 900,205
EXPENSES                      
Compensation and related expenses                 600,901 583,469 609,635
Communications and technology                 71,818 70,266 66,407
Occupancy and equipment costs                 61,523 61,116 63,142
Clearing and exchange fees                 23,545 25,126 26,022
Interest                 24,253 16,709 13,465
Other                 114,192 120,261 118,858
Total expenses                 896,232 876,947 897,529
Income (loss) before income taxes from continuing operations                 29,483 (16,386) 2,676
Other Income Tax Expense (Benefit), Continuing Operations                 17,631 (7,291) 883
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 11,852 (9,095) 1,793
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax                 2,071 17,339 9,139
Equity in earnings of subsidiaries                 0 0 0
Net income                 12,982 1,026 7,525
Discontinued Operation, Tax Effect of Discontinued Operation                 941 7,218 3,407
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 1,130 10,121 5,732
Less net income attributable to noncontrolling interest, net of tax                 184 1,652 936
Net income (loss) attributable to Oppenheimer Holdings Inc.                 12,798 (626) 6,589
Other comprehensive income                 2,263 220 17
Total comprehensive income                 15,061 (406) 6,606
Parent                      
REVENUES                      
Commissions                 0 0 0
Advisory fees                 0 0 0
Investment banking                 0 0 0
Interest                 0 0 0
Principal transactions, net                 0 0 0
Other                 22 0 0
Total revenue                 22 0 0
EXPENSES                      
Compensation and related expenses                 1,237 1,241 1,185
Communications and technology                 160 124 142
Occupancy and equipment costs                 0 0 0
Clearing and exchange fees                 0 0 0
Interest                 13,740 13,125 13,125
Other                 4,969 1,887 1,663
Total expenses                 20,106 16,377 16,115
Income (loss) before income taxes from continuing operations                 (20,084) (16,377) (16,115)
Other Income Tax Expense (Benefit), Continuing Operations                 (7,110) (8,296) (6,030)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 (12,974) (8,081) (10,085)
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax                 0 0 0
Equity in earnings of subsidiaries                 35,790 6,920 12,047
Net income                 22,816 (1,161) 1,962
Discontinued Operation, Tax Effect of Discontinued Operation                 0 0 0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest                 0 0 0
Less net income attributable to noncontrolling interest, net of tax                 0 0 0
Net income (loss) attributable to Oppenheimer Holdings Inc.                 22,816 (1,161) 1,962
Other comprehensive income                 0 0 0
Total comprehensive income                 $ 22,816 $ (1,161) $ 1,962
[1] (Expressed in thousands)Parent Guarantorsubsidiaries Non-guarantorSubsidiaries Eliminations ConsolidatedREVENUES Commissions$— $— $377,317 $— $377,317Advisory fees— 1,571 271,763 (4,215) 269,119Investment banking— — 81,011 — 81,011Interest— 10,242 47,804 (10,397) 47,649Principal transactions, net— 16 20,465 — 20,481Other— 326 62,201 (325) 62,202Total revenue— 12,155 860,561 (14,937) 857,779EXPENSES Compensation and related expenses1,241 — 583,469 — 584,710Communications and technology124 — 70,266 — 70,390Occupancy and equipment costs— — 61,116 (325) 60,791Clearing and exchange fees— — 25,126 — 25,126Interest13,125 — 16,709 (10,397) 19,437Other1,887 1,284 120,261 (4,215) 119,217Total expenses16,377 1,284 876,947 (14,937) 879,671Income (loss) before income taxes(16,377) 10,871 (16,386) — (21,892)Income taxes(8,296) 3,325 (7,291) — (12,262)Net income (loss) from continuing operations(8,081) 7,546 (9,095) — (9,630) Discontinued operations Income from discontinued operations— — 17,339 — 17,339Income taxes— — 7,218 — 7,218Net income from discontinued operations— — 10,121 — 10,121 Equity in earnings of subsidiaries6,920 (626) — (6,294) —Net income (loss)(1,161) 6,920 1,026 (6,294) 491Less net income attributable to noncontrolling interest, net of tax— — 1,652 — 1,652Net income (loss) attributable to Oppenheimer Holdings Inc.(1,161) 6,920 (626) (6,294) (1,161)Other comprehensive income— — 220 — 220Total comprehensive income (loss)$(1,161) $6,920 $(406) $(6,294) $(941)