Office Facilities

12 Months Ended

Dec. 31, 2013

Property Plant And Equipment [Abstract]

9.	Office facilities


(Expressed in thousands)
	Year Ended December 31,
	2013			2012
Furniture, fixtures and equipment	$	76,857		$	70,432
Leasehold improvements		53,200			46,927

Total		130,057			117,359
Less accumulated depreciation		(97,118	)		(89,027	)

Total	$	32,939		$	28,332

Depreciation and amortization expense, included in occupancy and equipment costs, was $9.4 million, $10.5 million and $11.9 million in the years ended December 31, 2013, 2012 and 2011, respectively.

During the years ended December 31, 2013 and 2012, the Company was reimbursed $3.8 million and $15.0 million, respectively, from its landlord at its New York City corporate headquarters for purchases of fixed assets and leasehold improvements.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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