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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net profit (Loss) for the period $ (508) $ 6,199
Non-cash items included in net profit:    
Depreciation and amortization 5,553 6,437
Deferred income tax (6,769) 2,177
Amortization of notes receivable 9,760 10,140
Amortization of debt issuance costs 319 571
Amortization of intangibles 3,233 2,163
Provision for credit losses 111 (286)
Share-based compensation 2,224 2,720
Decrease (increase) in operating assets:    
Cash and securities segregated for regulatory and other purposes (2,401) (4,496)
Deposits with clearing organizations (28,990) (1,830)
Receivable from brokers and clearing organizations (6,331) (54,894)
Receivable from customers (2,058) 1,437
Income taxes receivable 932 1,824
Securities purchased under agreement to resell 842,463 (215,412)
Securities owned (176,103) (680,609)
Notes receivable (8,515) (10,404)
Other 23,103 41,151
Increase (decrease) in operating liabilities:    
Drafts payable (5,256) (22,765)
Payable to brokers and clearing organizations 43,090 23,905
Payable to customers 58,458 153,570
Securities sold under agreement to repurchase (773,610) 777,999
Securities sold, but not yet purchased 24,738 21,422
Accrued compensation (36,148) (58,966)
Accounts payable and other liabilities 8,838 (23,194)
Cash used in operating activities (23,867) (21,141)
Cash flows from investing activities:    
Purchase of office facilities (7,821) (3,013)
Cash used in investing activities (7,821) (3,013)
Cash flows from financing activities:    
Cash dividends paid on Class A non-voting and Class B voting common stock (2,990) (3,003)
Issuance of Class A non-voting common stock   337
Repurchase of Class A non-voting common stock for cancellation (1,551) 200,000
Tax benefit (shortfall) from share-based compensation 41 (1,624)
Debt issuance costs   (4,346)
Senior secured note issuance   200,000
Senior secured credit note repayments   (22,503)
Subordinated note repayment   (100,000)
Increase (decrease) in bank call loans, net 59,400 12,000
Cash provided by financing activities 54,900 80,861
Net increase (decrease) in cash and cash equivalents 23,212 56,707
Cash and cash equivalents, beginning of period 70,329 52,854
Cash and cash equivalents, end of period 93,541 109,561
Schedule of non-cash investing and financing activities:    
Employee share plan issuance 224 10,392
Supplemental disclosure of cash flow information:    
Cash paid during the periods for interest 20,456 13,345
Cash paid during the periods for income taxes $ 6,309 $ 4,087