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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities    
Net income for the period $ 12,467 $ 2,516
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of office facilities and leasehold improvements 7,434 8,019
Deferred income taxes 13,862 (8,317)
Amortization of notes receivable 14,086 14,679
Amortization of debt issuance costs 479 479
Amortization of intangible assets   3,244
Provision for (reversal of) credit losses 178 (308)
Share-based compensation 3,966 3,030
Decrease (increase) in operating assets:    
Cash and securities segregated for regulatory and other purposes (3,569) 944
Deposits with clearing organizations 900 (33,103)
Receivable from brokers, dealers and clearing organizations 84,192 (73,476)
Receivable from customers (55,670) 52,954
Income tax receivable (5,701) 646
Securities purchased under agreements to resell   837,513
Securities owned (322,727) (117,049)
Notes receivable (9,875) (9,967)
Other assets (58,428) 51,965
Increase (decrease) in operating liabilities:    
Drafts payable (20,421) (14,667)
Payable to brokers, dealers and clearing organizations 61,725 (83,915)
Payable to customers (1,467) 70,690
Securities sold under agreements to repurchase 238,462 (730,066)
Securities sold, but not yet purchased 69,615 33,120
Accrued compensation (17,340) (19,675)
Accounts payable and other liabilities 10,780 (14,719)
Cash provided by (used in) operating activities 22,948 (25,463)
Cash flows from investing activities    
Purchase of office facilities (12,642) (12,390)
Cash used in investing activities (12,642) (12,390)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (4,494) (4,489)
Issuance of Class A non-voting common stock 85  
Repurchase of Class A non-voting common stock for cancellation (2,314) (1,766)
Tax deficiency from share-based awards (92) (137)
(Decrease) increase in bank call loans, net (33,500) 67,100
Cash (used in) provided by financing activities (40,315) 60,708
Net (decrease) increase in cash and cash equivalents (30,009) 22,855
Cash and cash equivalents, beginning of period 135,366 70,329
Cash and cash equivalents, end of period 105,357 93,184
Schedule of non-cash financing activities    
Employee share plan issuance 1,492 1,322
Acquisition of shares of Oppenheimer Multifamily Housing & Healthcare Finance, Inc.   (3,000)
Supplemental disclosure of cash flow information    
Cash paid during the periods for interest 14,993 24,237
Cash paid during the periods for income taxes, net of refunds $ 4,446 $ 10,492