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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net Income (Loss) Attributable to Parent $ 41,106,000 $ 27,518,000
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 6,169,000 5,575,000
Deferred income taxes 7,254,000 422,000
Amortization of notes receivable 8,736,000 9,679,000
Amortization of debt issuance costs 149,000 187,000
Write-off of debt issuance costs 341,000 184,000
Provision for credit losses 33,000 55,000
Share-based compensation 4,877,000 11,858,000
Amortization of right-of-use lease assets 18,747,000 19,141,000
Gain on repurchase of senior secured notes (86,000) 0
Decrease (increase) in operating assets:    
Deposits with clearing organizations 28,787,000 6,052,000
Receivable from brokers, dealers and clearing organizations (43,963,000) 8,759,000
Receivable from customers (298,134,000) (34,205,000)
Income tax receivable 2,178,000 (1,319,000)
Securities purchased under agreements to resell 0 290,000
Securities owned 153,039,000 184,390,000
Notes receivable (9,789,000) (9,541,000)
Other assets 17,449,000 (11,980,000)
Increase (decrease) in operating liabilities:    
Drafts payable 18,251,000 1,446,000
Payable to brokers, dealers and clearing organizations (154,026,000) 75,388,000
Payable to customers 46,011,000 (23,560,000)
Securities sold under agreements to repurchase (34,438,000) (230,498,000)
Securities sold but not yet purchased 121,878,000 36,434,000
Accrued compensation (4,856,000) (23,273,000)
Accounts payable and other liabilities (20,522,000) (18,001,000)
Cash (used in)/provided by operating activities (148,383,000) 22,897,000
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (3,708,000) (8,672,000)
Proceeds from Insurance Settlement, Investing Activities 0 1,720,000
Cash used in investing activities (3,708,000) (6,952,000)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (4,597,000) (4,408,000)
Proceeds from Issuance or Sale of Equity 34,000 83,000
Repurchase of Class A non-voting common stock for cancellation (14,228,000) (8,400,000)
Payments for employee taxes withheld related to vested share-based awards (5,771,000) (1,014,000)
Proceeds from Issuance of Secured Debt 125,000,000 0
Repayments of Secured Debt 148,574,000 50,000,000
Repurchase of Secured Debt 1,426,000 0
Payments of Debt Issuance Costs 210,000 0
Payment for Debt Extinguishment or Debt Prepayment Cost 2,507,000 1,688,000
Increase in bank call loans, net 156,900,000 (15,000,000)
Cash provided by/(used in) financing activities 104,621,000 (80,427,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (47,470,000) (64,482,000)
Cash and cash equivalents, beginning of period 79,550,000 90,675,000
Cash and cash equivalents, end of period 32,080,000 26,193,000
Schedule of non-cash financing activities    
Employee share plan issuance 11,940,000 1,484,000
Supplemental disclosure of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 17,929,000 37,710,000
Cash paid during the period for income taxes, net $ 5,918,000 $ 13,506,000