XML 58 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Marketable Securities | 6 Months Ended
--- | ---
Jun. 30, 2014
Marketable Securities [Abstract] |
Marketable Securities | Marketable Securities Investments Available for Sale Investments available for sale classified as non-current assets consist of:
| At June 30, 2014
| Cost Amount |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
SEI-sponsored mutual funds | $ | 7,686 |  |  | $ | 1,559 |  |  | $ | — |  |  | $ | 9,245 |
Equities and other mutual funds | 2,764 |  |  | 97 |  |  | — |  |  | 2,861 |
Debt securities | 71,598 |  |  | 1,800 |  |  | — |  |  | 73,398 |
| $ | 82,048 |  |  | $ | 3,456 |  |  | $ | — |  |  | $ | 85,504 |
| At December 31, 2013
| Cost Amount |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
SEI-sponsored mutual funds | $ | 7,612 |  |  | $ | 1,242 |  |  | $ | — |  |  | $ | 8,854 |
Equities and other mutual funds | 2,615 |  |  | 164 |  |  | — |  |  | 2,779 |
Debt securities | 71,280 |  |  | 410 |  |  | — |  |  | 71,690 |
| $ | 81,507 |  |  | $ | 1,816 |  |  | $ | — |  |  | $ | 83,323 |
Net unrealized gains at June 30, 2014 and December 31, 2013 were $2,308 (net of income tax expense of $1,148) and $1,386 (net of income tax expense of $430), respectively. These net unrealized gains are reported as a separate component of Accumulated other comprehensive income on the accompanying Consolidated Balance Sheets. There were gross realized gains of $230 and gross realized losses of $123 from available-for-sale securities during the six months ended June 30, 2014. There were gross realized gains of $703 and gross realized losses of $175 from available-for-sale securities during the six months ended June 30, 2013. Gains and losses from available-for-sale securities, including amounts reclassified from accumulated comprehensive income, are reflected in Net gain (loss) from investments on the accompanying Consolidated Statements of Operations. The Company’s investments in debt securities are issued by GNMA and are backed by the full faith and credit of the U.S. government. These securities were purchased to satisfy applicable regulatory requirements of SPTC and have maturity dates which range from 2020 to 2043. Trading Securities The Company records all of its trading securities on the accompanying Consolidated Balance Sheets at fair value. Unrealized gains and losses from the change in fair value of these securities are recognized in Net gain (loss) from investments on the accompanying Consolidated Statements of Operations. Trading securities of the Company primarily consist of an investment related to the startup of mutual funds sponsored by LSV. These mutual funds are U.S. dollar denominated funds that invest primarily in securities of Canadian, Australian and Japanese companies as well as various other global securities. The underlying securities held by the funds are translated into U.S. dollars within the funds. The funds had a fair value of $5,270 and $4,849 at June 30, 2014 and December 31, 2013, respectively. The Company recognized gains of $421 and losses of $475 from the change in fair value of the funds during the six months ended June 30, 2014 and 2013, respectively. During the three months ended June 30, 2014 and 2013, the Company recognized gains of $356 and losses of $460, respectively, from the change in fair value of the funds. Securities Owned The Company’s broker-dealer subsidiary, SIDCO, has investments in U.S. government agency and commercial paper securities with maturity dates less than one year. These investments are reflected as Securities owned on the accompanying Consolidated Balance Sheets. Due to specialized accounting practices applicable to investments by broker-dealers, the securities are reported at fair value and changes in fair value are recorded in current period earnings. The securities had a fair value of $21,158 and $21,133 at June 30, 2014 and December 31, 2013, respectively. There were no material net gains or losses from the change in fair value of the securities during the three and six months ended June 30, 2014 and 2013.

X
- Details
Name: | us-gaap_MarketableSecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26626-111562 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.2,12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration