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Segment Information (Tables)
9 Months Ended
Sep. 30, 2012
Reported Revenue and Profit Before Income Taxes

The table below presents information about the reported revenue and profit (loss) before income taxes of the Company for the three months and nine months ended September 30, 2012 and 2011. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use.

Expressed in thousands of dollars.

 

    

Three months ended

September 30,

   

Nine months ended

September 30,

 
     2012     2011     2012     2011  

Revenue:

        

Private Client (1)

   $ 132,847      $ 128,154      $ 403,307      $ 413,117   

Capital Markets

     77,082        87,682        234,431        262,660   

Asset Management (1)

     21,909        15,783        65,459        53,777   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 231,838      $ 231,619      $ 703,197      $ 729,554   
  

 

 

   

 

 

   

 

 

   

 

 

 

Profit (loss) before income taxes:

        

Private Client (1)

   $ 5,700      $ 4,528        15,798      $ 18,868   

Capital Markets

     (5,252     (2,097     (23,942     (14,045

Asset Management (1)

     4,810        1,833        14,752        10,974   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total

   $ 5,258      $ 4,264        6,608      $ 15,797   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Asset management revenue is allocated 22.5% to the Asset Management segment and 77.5% to the Private Client segment.
Revenues Classified by the Major Geographic Areas

Revenue, classified by the major geographic areas in which it was earned for the three and nine months ended September 30, 2012 and 2011 was as follows:

Expressed in thousands of dollars.

 

    

Three months ended

September 30,

    

Nine months ended

September 30,

 
     2012      2011      2012      2011  

United States

   $ 222,226       $ 219,545       $ 670,339       $ 691,107   

Europe / Middle East

     5,894         7,093         21,428         21,881   

Asia

     1,913         2,787         5,359         9,172   

South America

     1,805         2,194         6,071         7,394   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 231,838       $ 231,619       $ 703,197       $ 729,554