XML 18 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Statement of Cash Flows [Abstract]    
Net Income (Loss) Attributable to Parent $ 11,194 $ 6,705
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 1,708 1,542
Deferred income taxes 1,894 3,043
Amortization of notes receivable 3,388 3,205
Amortization of debt issuance costs 64 65
Provision for credit losses 12 40
Share-based compensation 3,042 1,484
Decrease (increase) in operating assets:    
Deposits with clearing organizations (12,609) 28,716
Receivable from brokers, dealers and clearing organizations (13,728) 15,985
Receivable from customers (32,860) (33,755)
Income tax receivable 1,014 (193)
Securities purchased under agreements to resell (299) 658
Securities owned (73,884) (73,030)
Notes receivable (3,251) (5,071)
Other assets (14,326) 21,395
Increase (decrease) in operating liabilities:    
Drafts payable (2,815) (21,419)
Payable to brokers, dealers and clearing organizations 345,126 43,643
Payable to customers (2,240) 59,178
Increase (Decrease) in Income Taxes Payable 1,162 0
Securities sold under agreements to repurchase (215,597) (10,461)
Securities sold but not yet purchased 51,840 53,400
Accrued compensation (61,633) (69,340)
Accounts payable and other liabilities 2,907 4,099
Cash provided by (used in) operating activities 15,327 (27,543)
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (3,448) (2,696)
Purchase of tangible assets 0 (400)
Cash used in investing activities (3,448) (3,096)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (1,432) (1,456)
Repurchase of Class A non-voting common stock for cancellation (2,035) 0
Payments for employee taxes withheld related to vested share-based awards (1,014) (2,444)
(Decrease) increase in bank call loans, net (15,000) 29,100
Cash (used in) provided by financing activities (19,481) 25,200
Net decrease in cash and cash equivalents (7,602) (5,439)
Cash and cash equivalents, beginning of period 90,675 48,154
Cash and cash equivalents, end of period 83,073 42,715
Schedule of non-cash financing activities    
Employee share plan issuance 1,706 37
Supplemental disclosure of cash flow information    
Cash paid during the period for interest 9,385 12,578
Cash paid during the period for income taxes, net $ 792 $ 100