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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Information [Abstract] 
Segment information
11. Segment information
The table below presents information about the reported revenue and profit before income taxes of the Company for the periods noted. The Company’s segments are described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2010. The Company has allocated all revenue and expenses to its segments and has eliminated the “Other” category. Previously reported segment information has been revised to reflect this change. The Company’s business is conducted primarily in the United States with additional operations in Europe, the Middle East, Asia, and South America.
The table below presents information about the reported revenue and profit before income taxes of the Company for the three and nine months ended September 30, 2011 and 2010. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use. Substantially all assets are located in the United States.
Expressed in thousands of dollars.
                                 
    Three months ended     Nine months ended  
    September 30,     September 30,  
    2011     2010     2011     2010  
Revenue:
                               
Private Client (1)
  $ 127,527     $ 134,182     $ 410,684     $ 411,858  
Capital Markets
    88,044       84,396       265,061       277,866  
Asset Management (1)
    16,048       16,565       53,809       49,789  
 
                       
Total
  $ 231,619     $ 235,143     $ 729,554     $ 739,513  
 
                       
 
                               
Profit (loss) before taxes:
                               
Private Client (1)
  $ 5,989     $ 3,117     $ 10,128     $ 13,647  
Capital Markets
    (4,005 )     86       (6,717 )     10,916  
Asset Management (1)
    2,280       4,256       12,386       12,182  
 
                       
Total
  $ 4,264     $ 7,459     $ 15,797     $ 36,745  
 
                       
     
(1)  
Asset management revenue is allocated 77.5% to the Private Client segment and 22.5% to the Asset Management segment.
Revenues, classified by the major geographic areas in which they were earned for the three and nine months ended September 30, 2011 and 2010, were as follows:
Expressed in thousands of dollars.
                                 
    Three months ended     Nine months ended  
    September 30,     September 30,  
    2011     2010     2011     2010  
United States
  $ 219,545     $ 220,188     $ 691,107     $ 698,300  
Europe / Middle East
    7,093       6,710       21,881       21,001  
Asia
    2,787       2,756       9,172       10,921  
South America
    2,194       5,489       7,394       9,291  
 
                       
Total
  $ 231,619     $ 235,143     $ 729,554     $ 739,513