XML 71 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Instruments - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents $ 40,702 $ 30,924
Cash and securities segregated for regulatory and other purposes 11,498 11,500
Deposits with clearing organizations 68,919 35,816
Securities owned:    
Securities owned, at fair value 1,041,590 924,541
Investments 11,847 [1] 46,958 [1]
Derivative contracts   20
TBAs 4,203 5,791
Securities purchased under agreements to resell    847,610
Total 1,157,000 1,876,439
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 102,535 69,415
Investments 125 26
Derivative contracts 2,758 2,421
TBAs 1,219 [2] 2,254 [2]
Securities sold under agreements to repurchase    [3]  
Total 106,637 74,116
Other [Member]
    
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 127 122
U.S. Treasury Securities [Member]
    
Securities owned:    
Securities owned, at fair value 699,535 627,870
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 59,445 27,462
U.S. Agency Securities [Member]
    
Securities owned:    
Securities owned, at fair value 54,720 54,358
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 1,114 47
Sovereign obligations [Member]
    
Securities owned:    
Securities owned, at fair value 33 577
Corporate debt and other obligations [Member]
    
Securities owned:    
Securities owned, at fair value 24,345 27,188
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 3,370 3,696
Mortgage Backed Securities, Other [Member]
    
Securities owned:    
Securities owned, at fair value 2,793 4,609
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 34 14
Municipal obligations [Member]
    
Securities owned:    
Securities owned, at fair value 103,656 54,963
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 933 485
Convertible bonds [Member]
    
Securities owned:    
Securities owned, at fair value 44,654 50,157
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 9,847 8,533
Corporate Note Securities [Member]
    
Securities owned:    
Securities owned, at fair value 42,592 38,634
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 27,665 29,056
Other [Member]
    
Securities owned:    
Securities owned, at fair value 69,262 66,185
Level 1 [Member]
    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 40,702 30,924
Cash and securities segregated for regulatory and other purposes 11,498 11,500
Deposits with clearing organizations 9,091 9,095
Securities owned:    
Securities owned, at fair value 786,798 703,405
Investments 433 [1] 1,512 [1]
Securities purchased under agreements to resell     
Total 848,522 756,436
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 79,260 44,001
Investments 125 26
Derivative contracts 290 66
Securities sold under agreements to repurchase    [3]  
Total 79,675 44,093
Level 1 [Member] | Other [Member]
    
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 127 72
Level 1 [Member] | U.S. Treasury Securities [Member]
    
Securities owned:    
Securities owned, at fair value 699,535 627,870
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 59,445 27,462
Level 1 [Member] | U.S. Agency Securities [Member]
    
Securities owned:    
Securities owned, at fair value 38,155 32,663
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 1,073  
Level 1 [Member] | Corporate debt and other obligations [Member]
    
Securities owned:    
Securities owned, at fair value 12,060 12,538
Level 1 [Member] | Corporate Note Securities [Member]
    
Securities owned:    
Securities owned, at fair value 34,165 29,150
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 18,615 16,467
Level 1 [Member] | Other [Member]
    
Securities owned:    
Securities owned, at fair value 2,883 1,184
Level 2 [Member]
    
Securities owned:    
Securities owned, at fair value 177,715 152,557
Investments 36,678 [1] 32,964 [1]
Derivative contracts   20
TBAs 4,203 5,791
Securities purchased under agreements to resell    847,610
Total 218,596 1,038,942
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 23,275 25,364
Derivative contracts 215 8
TBAs 1,219 2,254
Securities sold under agreements to repurchase    [3]  
Total 24,709 27,626
Level 2 [Member] | U.S. Agency Securities [Member]
    
Securities owned:    
Securities owned, at fair value 16,565 21,695
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 41 47
Level 2 [Member] | Sovereign obligations [Member]
    
Securities owned:    
Securities owned, at fair value 33 577
Level 2 [Member] | Corporate debt and other obligations [Member]
    
Securities owned:    
Securities owned, at fair value 12,285 14,650
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 3,370 3,696
Level 2 [Member] | Mortgage Backed Securities, Other [Member]
    
Securities owned:    
Securities owned, at fair value 2,767 4,593
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 34 14
Level 2 [Member] | Municipal obligations [Member]
    
Securities owned:    
Securities owned, at fair value 92,984 51,401
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 933 485
Level 2 [Member] | Convertible bonds [Member]
    
Securities owned:    
Securities owned, at fair value 44,654 50,157
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 9,847 8,533
Level 2 [Member] | Corporate Note Securities [Member]
    
Securities owned:    
Securities owned, at fair value 8,427 9,484
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value 9,050 12,589
Level 3 [Member]
    
Securities owned:    
Securities owned, at fair value 77,077 68,579
Investments 12,805 [1] 12,482 [1]
Securities purchased under agreements to resell     
Total 89,882 81,061
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value   50
Derivative contracts 2,253 2,347
Securities sold under agreements to repurchase    [3]  
Total 2,253 2,397
Level 3 [Member] | Other [Member]
    
Securities sold, not yet purchased:    
Securities sold, not yet purchased at fair value   50
Level 3 [Member] | Mortgage Backed Securities, Other [Member]
    
Securities owned:    
Securities owned, at fair value 26 16
Level 3 [Member] | Municipal obligations [Member]
    
Securities owned:    
Securities owned, at fair value 10,672 3,562
Level 3 [Member] | Other [Member]
    
Securities owned:    
Securities owned, at fair value $ 66,379 $ 65,001
[1] Included in other assets on the condensed consolidated balance sheet.
[2] TBAs are used to offset exposures related to commitments to provide funding for FHA loans at OMHHF. At September 30, 2012, the loan commitments balance was $297.5 million ($326.7 million at December 31, 2011). In addition, at September 30, 2012, OMHHF had a loan receivable balance (included in other assets) of $56.3 million ($109.3 million at December 31, 2011) which relates to prior loan commitments that have been funded but have not yet been securitized. The "when issued" securitizations of these loans have been sold to market counter-parties.
[3] Includes securities sold under agreements to repurchase agreements where the Company has elected fair value option treatment.