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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2012
Reported Revenue and Profit Before Income Taxes | The table below presents information about the reported revenue and profit before income taxes of the Company for the years ended December 31, 2012, 2011 and 2010. Asset information by reportable segment is not reported, since the Company does not produce such information for internal use. Expressed in thousands of dollars.
|  | Year ended December 31, |
|  | 2012 |  |  | 2011 |  |  | 2010 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Private Client (1) (2) |  | $ | 547,583 |  |  | $ | 538,441 |  |  | $ | 572,590 |
Capital Markets |  |  | 312,088 |  |  |  | 346,588 |  |  |  | 390,903 |
Asset Management (1) |  |  | 92,941 |  |  |  | 73,963 |  |  |  | 72,780 |
Total |  | $ | 952,612 |  |  | $ | 958,992 |  |  | $ | 1,036,273 |
Profit (loss) before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
Private Client (2) |  | $ | 25,014 |  |  | $ | 18,196 |  |  | $ | 27,953 |
Capital Markets (3) |  |  | (51,334 | ) |  |  | (15,740 | ) |  |  | 19,867 |
Asset Management |  |  | 25,793 |  |  |  | 15,392 |  |  |  | 20,171 |
Total |  | $ | (527 | ) |  | $ | 17,848 |  |  | $ | 67,991 |
(1) | For the year ended December 31, 2012, the Asset Management and the Private Client segments earned performance fees of approximately $3.5 million and $7.6 million, respectively ($2.0 million and $1.0 million, respectively, in 2011 and $6.8 million and $6.1 million, respectively, in 2010). These fees are based on participation as general partner in various alternative investments.
(2) | For the years ended December 31, 2012, the Private Client segment continued to be negatively impacted by the low interest rate environment. Revenue from margin interest, money fund products and sponsored FDIC-covered deposits totaled $35.1 million ($33.9 million in 2011 and $37.7 million in 2010).
(3) | Includes $30 million award against the Company in U.S. Airways matter. See note 18.
Revenues Classified by Major Geographic Areas | Revenues, classified by the major geographic areas in which they were earned for the years ended December 31, 2012, 2011 and 2010, were as follows: Expressed in thousands of dollars.
|  | 2012 |  |  | 2011 |  |  | 2010 |
United States |  | $ | 908,869 |  |  | $ | 909,662 |  |  | $ | 976,402 |
Europe / Middle East |  |  | 28,431 |  |  |  | 28,858 |  |  |  | 28,077 |
Asia |  |  | 7,613 |  |  |  | 11,301 |  |  |  | 16,511 |
South America |  |  | 7,699 |  |  |  | 9,171 |  |  |  | 15,283 |
Total |  | $ | 952,612 |  |  | $ | 958,992 |  |  | $ | 1,036,273 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph b(1) -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
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