Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 45,267	$ 43,948
Trading securities, at fair value	12,526	8,357
Available-for-sale securities, at fair value	2,469	1,916
Accounts receivable	27,089	21,136
Deferred taxes, net	1,593
Prepaid expenses and other assets	3,651	3,009
Total current assets	92,595	78,366
Furniture, equipment, and leasehold improvements, net	5,453	6,557
Intangible assets, net	52,096	52,977
Goodwill	4,795	4,795
Deferred taxes, net	122,099
Long-term investments and other assets ($2,826 and $2,340 at fair value, respectively)	9,341	6,216
Total assets	286,379	148,911
Liabilities and Stockholders' Equity
Accrued compensation and benefits	31,171	19,245
Accounts payable	5,031	4,229
Other accrued liabilities	5,661	5,999
Broker-dealer payable	4,794	4,687
Total current liabilities	46,657	34,160
Deferred taxes, net		8,785
Long-term debt	15,000	15,000
Lease obligations and other long-term liabilities	6,350	6,775
Total liabilities	68,007	64,720
Commitments and Contingencies (Note 9)
Series B redeemable convertible preferred stock (stated at liquidation value), $.01 par value, 45,000 shares authorized, 35,217 and 35,217 shares issued and outstanding, at December 31, 2011 and 2010, respectively	35,217	35,921
Stockholders' Equity
Common stock, $.01 par value, 1,000,000,000 shares authorized; 6,343,295 shares issued and 6,188,295 shares outstanding at December 31, 2011 and 6,271,821 shares issued and 6,251,821 shares outstanding at December 31, 2010	63	63
Additional paid-in capital	909,983	912,942
Accumulated deficit	(718,083)	(863,503)
Accumulated other comprehensive loss	(14)	(308)
Less: Treasury stock, at cost, 155,000 and 20,000 shares at December 31, 2011 and December 31, 2010, respectively	(8,794)	(924)
Total stockholders' equity	183,155	48,270
Total liabilities and stockholders' equity	$ 286,379	$ 148,911