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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities    
Net income (loss) for the period $ 6,959 $ (508)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization of office facilities and leasehold improvements 5,045 5,553
Deferred income taxes 14,399 (6,769)
Amortization of notes receivable 9,388 9,760
Amortization of debt issuance costs 319 319
Amortization of intangible assets   3,233
Provision for (reversal of) credit losses (147) 111
Share-based compensation 3,280 2,224
Decrease (increase) in operating assets:    
Cash and securities segregated for regulatory and other purposes (7,055) (2,401)
Deposits with clearing organizations (417) (28,990)
Receivable from brokers and clearing organizations 193,866 (6,331)
Receivable from customers (146,509) (2,058)
Income tax receivable (11,165) 932
Securities purchased under agreements to resell   842,463
Securities owned (109,148) (176,103)
Notes receivable (4,555) (8,515)
Other assets (36,954) 23,103
Increase (decrease) in operating liabilities:    
Drafts payable (8,908) (5,256)
Payable to brokers and clearing organizations 50,501 43,090
Payable to customers (59,725) 58,458
Securities sold under agreements to repurchase 103,631 (773,610)
Securities sold, but not yet purchased (62,374) 24,738
Accrued compensation (34,910) (36,148)
Accounts payable and other liabilities (11,400) 8,838
Cash used in operating activities (105,879) (23,867)
Cash flows from investing activities    
Purchase of office facilities (11,687) (7,821)
Cash used in investing activities (11,687) (7,821)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (2,994) (2,990)
Repurchase of Class A non-voting common stock for cancellation (208) (1,551)
Tax benefit from share-based awards   41
Increase in bank call loans, net 91,500 59,400
Cash provided by financing activities 88,298 54,900
Net (decrease) increase in cash and cash equivalents (29,268) 23,212
Cash and cash equivalents, beginning of period 135,366 70,329
Cash and cash equivalents, end of period 106,098 93,541
Schedule of non-cash financing activities    
Employee share plan issuance   224
Supplemental disclosure of cash flow information    
Cash paid during the periods for interest 13,349 20,456
Cash paid during the periods for income taxes $ 1,939 $ 6,309