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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 28,876 $ 23,000 $ 491
Non-cash items included in net income:      
Depreciation and amortization of furniture, equipment and leasehold improvements 6,871 5,657 6,788
Deferred Income Taxes and Tax Credits 2,773 (2,045) (2,941)
Amortization of notes receivable 12,540 11,791 12,960
Amortization of debt issuance costs 259 353 484
Write-off of debt issuance costs 0 430 0
Amortization of mortgage servicing rights 0 0 1,286
Provision for (reversal of) credit losses 117 (25) (1,751)
Share-based compensation 6,710 12,573 6,203
Excess Tax Benefit from Share-based Compensation, Operating Activities 0 0 (740)
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 0 0 (16,475)
Decrease (increase) in operating assets:      
Deposits with clearing organizations (25,456) (4,037) 11,305
Receivable from brokers, dealers and clearing organizations 20,622 27,819 145,882
Increase (Decrease) in Accounts and Other Receivables (127,332) 815 5,280
Income tax receivable 1,925 2,877 5,104
Securities purchased under agreements to resell 368 23,348 182,493
Securities owned 89,013 (219,489) 24,725
Notes receivable (16,078) (22,212) (10,210)
Loans held for sale 0 0 60,234
Mortgage servicing rights 0 0 (1,300)
Other assets 30,272 (37,130) 2,368
Increase (decrease) in operating liabilities:      
Drafts payable (26,064) 3,184 (8,783)
Payable to brokers, dealers and clearing organizations 77,724 (9,906) 56,843
Payable to customers (49,291) (64,039) (144,887)
Securities sold under agreements to repurchase (102,260) 208,394 (273,361)
Securities sold but not yet purchased (9,040) 9,436 (41,443)
Accrued compensation (6,418) 21,184 (6,864)
Accounts payable and other liabilities (2,225) (6,484) (69,996)
Cash provided by (used in) operating activities 168,570 (16,136) (66,865)
Cash flows from investing activities      
Purchase of furniture, equipment and leasehold improvements (8,672) (5,611) (5,731)
Payments to Acquire Intangible Assets (400) 0 0
Proceeds from Divestiture of Businesses 0 0 45,448
Proceeds from Life Insurance Policy 881 1,744 0
Cash (used in) provided by investing activities (8,191) (3,867) 39,717
Cash flows from financing activities      
Cash dividends paid on Class A non-voting and Class B voting common stock (5,833) (5,836) (5,887)
Payments of Ordinary Dividends, Noncontrolling Interest (372) (2,448) (5,740)
Issuance of Class A non-voting common stock 70 26 0
Repurchase of Class A non-voting common stock for cancellation (5,894) (7,464) (3,935)
Payments Related to Tax Withholding for Share-based Compensation (2,529) (2,237) (1,341)
Proceeds from Issuance of Senior Long-term Debt 0 200,000 0
Redemption of senior secured notes 0 (150,000) 0
Payments of Debt Issuance Costs 0 (1,297) 0
Redemption of senior secured notes (103,300) (27,500) 45,600
Cash (used in) provided by financing activities (117,858) 3,244 28,697
Net increase (decrease) in cash and cash equivalents 42,521 (16,759) 1,549
Cash and cash equivalents, beginning of year 48,154 64,913 63,364
Cash and cash equivalents, end of year 90,675 48,154 64,913
Schedule of non-cash financing activities      
Employee share plan issuance 724 6,569 5,776
Supplemental disclosure of cash flow information      
Cash paid during the year for interest 53,559 23,899 19,705
Proceeds from Income Tax Refunds   $ (2,378) $ (5,009)
Cash paid (received) during the year for income taxes, net $ 11,520