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Condensed Consolidating Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,162 |  |  | $ | 5,123 |  |  | $ | 71,657 |  |  | $ | — |  |  | $ | 77,942 |
Cash and securities segregated for regulatory and other purposes | — |  |  | — |  |  | 19,106 |  |  | — |  |  | 19,106 |
Deposits with clearing organizations | — |  |  | — |  |  | 31,611 |  |  | — |  |  | 31,611 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 380,943 |  |  | — |  |  | 380,943 |
Receivable from customers, net of allowance for credit losses of $2,451 | — |  |  | — |  |  | 883,133 |  |  | — |  |  | 883,133 |
Income tax receivable | 26,600 |  |  | 27,371 |  |  | (693 | ) |  | (45,477 | ) |  | 7,801 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 250,000 |  |  | — |  |  | 250,000 |
Securities owned, including amounts pledged of $498,928, at fair value | — |  |  | 5,694 |  |  | 801,078 |  |  | — |  |  | 806,772 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Notes receivable, net | — |  |  | — |  |  | 37,673 |  |  | — |  |  | 37,673 |
Office facilities, net | — |  |  | 20,310 |  |  | 10,208 |  |  | — |  |  | 30,518 |
Deferred tax assets, net | 21 |  |  | 309 |  |  | 26,102 |  |  | (26,432 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Loans held for sale | — |  |  | — |  |  | 20,095 |  |  | — |  |  | 20,095 |
Mortgage servicing rights | — |  |  | — |  |  | 29,496 |  |  | — |  |  | 29,496 |
Other assets | 1,839 |  |  | 27,077 |  |  | 102,148 |  |  | — |  |  | 131,064 |
Investment in subsidiaries | 561,539 |  |  | 881,012 |  |  | (179,607 | ) |  | (1,262,944 | ) |  | — |
Intercompany receivables | 93,926 |  |  | (19,048 | ) |  | (12,175 | ) |  | (62,703 | ) |  | — |
Total assets | $ | 685,087 |  |  | $ | 1,060,406 |  |  | $ | 2,640,364 |  |  | $ | (1,510,114 | ) |  | $ | 2,875,743 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 24,316 |  |  | $ | — |  |  | $ | 24,316 |
Bank call loans | — |  |  | — |  |  | 135,500 |  |  | — |  |  | 135,500 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 204,950 |  |  | — |  |  | 204,950 |
Payable to customers | — |  |  | — |  |  | 689,363 |  |  | — |  |  | 689,363 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 688,310 |  |  | — |  |  | 688,310 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 128,262 |  |  | — |  |  | 128,262 |
Accrued compensation | — |  |  | — |  |  | 138,782 |  |  | — |  |  | 138,782 |
Accounts payable and other liabilities | 6,086 |  |  | 58,392 |  |  | 105,697 |  |  | — |  |  | 170,175 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 20,848 |  |  | (45,477 | ) |  | — |
Senior secured notes | 150,000 |  |  | — |  |  | — |  |  | — |  |  | 150,000 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities, net | — |  |  | 12 |  |  | 39,939 |  |  | (26,432 | ) |  | 13,519 |
Intercompany payables | — |  |  | 62,703 |  |  | — |  |  | (62,703 | ) |  | — |
Total liabilities | 158,526 |  |  | 143,296 |  |  | 2,288,525 |  |  | (247,170 | ) |  | 2,343,177 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Stockholders’ equity attributable to Oppenheimer Holdings Inc. | 526,561 |  |  | 917,110 |  |  | 345,834 |  |  | (1,262,944 | ) |  | 526,561 |
Non-controlling interest | — |  |  | — |  |  | 6,005 |  |  | — |  |  | 6,005 |
Total stockholders’ equity | 526,561 |  |  | 917,110 |  |  | 351,839 |  |  | (1,262,944 | ) |  | 532,566 |
Total liabilities and stockholders’ equity | $ | 685,087 |  |  | $ | 1,060,406 |  |  | $ | 2,640,364 |  |  | $ | (1,510,114 | ) |  | $ | 2,875,743 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 448 |  |  | $ | 30,901 |  |  | $ | 66,945 |  |  | $ | — |  |  | $ | 98,294 |
Cash and securities segregated for regulatory and other purposes | — |  |  | — |  |  | 36,323 |  |  | — |  |  | 36,323 |
Deposits with clearing organizations | — |  |  | — |  |  | 23,679 |  |  | — |  |  | 23,679 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 364,873 |  |  | — |  |  | 364,873 |
Receivable from customers, net of allowance for credit losses of $2,423 | — |  |  | — |  |  | 868,869 |  |  | — |  |  | 868,869 |
Income tax receivable | 19,494 |  |  | 27,589 |  |  | (817 | ) |  | (39,704 | ) |  | 6,562 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 184,825 |  |  | — |  |  | 184,825 |
Securities owned, including amounts pledged of $586,625, at fair value | — |  |  | 2,225 |  |  | 853,863 |  |  | — |  |  | 856,088 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Notes receivable, net | — |  |  | — |  |  | 40,751 |  |  | — |  |  | 40,751 |
Office facilities, net | — |  |  | 21,250 |  |  | 11,689 |  |  | — |  |  | 32,939 |
Deferred tax assets, net | 678 |  |  | 309 |  |  | 29,496 |  |  | (30,483 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Loans held for sale | — |  |  | — |  |  | 75,989 |  |  | — |  |  | 75,989 |
Mortgage servicing rights | — |  |  | — |  |  | 28,879 |  |  | — |  |  | 28,879 |
Other assets | 2,797 |  |  | 27,113 |  |  | 135,150 |  |  | — |  |  | 165,060 |
Investment in subsidiaries | 546,755 |  |  | 910,230 |  |  | (182,625 | ) |  | (1,274,360 | ) |  | — |
Intercompany receivables | 153,528 |  |  | (68,920 | ) |  | (20,107 | ) |  | (64,501 | ) |  | — |
Total assets | $ | 723,700 |  |  | $ | 1,063,255 |  |  | $ | 2,687,371 |  |  | $ | (1,521,606 | ) |  | $ | 2,952,720 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 48,198 |  |  | $ | — |  |  | $ | 48,198 |
Bank call loans | — |  |  | — |  |  | 118,200 |  |  | — |  |  | 118,200 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 223,315 |  |  | — |  |  | 223,315 |
Payable to customers | — |  |  | — |  |  | 626,564 |  |  | — |  |  | 626,564 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 757,491 |  |  | — |  |  | 757,491 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 76,314 |  |  | — |  |  | 76,314 |
Accrued compensation | — |  |  | — |  |  | 180,119 |  |  | — |  |  | 180,119 |
Accounts payable and other liabilities | 3,742 |  |  | 59,289 |  |  | 129,609 |  |  | (88 | ) |  | 192,552 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 15,075 |  |  | (39,704 | ) |  | — |
Senior secured notes | 195,000 |  |  | — |  |  | — |  |  | — |  |  | 195,000 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities, net | — |  |  | — |  |  | 37,579 |  |  | (30,483 | ) |  | 7,096 |
Intercompany payables | — |  |  | 64,501 |  |  | — |  |  | (64,501 | ) |  | — |
Total liabilities | 201,182 |  |  | 145,979 |  |  | 2,325,022 |  |  | (247,334 | ) |  | 2,424,849 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Stockholders’ equity attributable to Oppenheimer Holdings Inc. | 522,518 |  |  | 917,276 |  |  | 356,996 |  |  | (1,274,272 | ) |  | 522,518 |
Non-controlling interest | — |  |  | — |  |  | 5,353 |  |  | — |  |  | 5,353 |
Total stockholders’ equity | 522,518 |  |  | 917,276 |  |  | 362,349 |  |  | (1,274,272 | ) |  | 527,871 |
Total liabilities and stockholders’ equity | $ | 723,700 |  |  | $ | 1,063,255 |  |  | $ | 2,687,371 |  |  | $ | (1,521,606 | ) |  | $ | 2,952,720 |
Condensed Consolidating Statement of Operations |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 110,862 |  |  | $ | — |  |  | $ | 110,862 |
Advisory fees | — |  |  | — |  |  | 71,278 |  |  | (321 | ) |  | 70,957 |
Investment banking | — |  |  | — |  |  | 33,841 |  |  | — |  |  | 33,841 |
Interest | — |  |  | 2,580 |  |  | 12,434 |  |  | (2,565 | ) |  | 12,449 |
Principal transactions, net | — |  |  | (161 | ) |  | 4,433 |  |  | — |  |  | 4,272 |
Other | — |  |  | 85 |  |  | 12,279 |  |  | (66 | ) |  | 12,298 |
Total revenue | — |  |  | 2,504 |  |  | 245,127 |  |  | (2,952 | ) |  | 244,679 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 207 |  |  | — |  |  | 161,127 |  |  | — |  |  | 161,334 |
Communications and technology | 37 |  |  | — |  |  | 15,954 |  |  | — |  |  | 15,991 |
Occupancy and equipment costs | — |  |  | — |  |  | 15,867 |  |  | (66 | ) |  | 15,801 |
Clearing and exchange fees | — |  |  | — |  |  | 5,969 |  |  | — |  |  | 5,969 |
Interest | 3,281 |  |  | 8 |  |  | 3,403 |  |  | (2,565 | ) |  | 4,127 |
Other | 235 |  |  | 17 |  |  | 30,630 |  |  | (321 | ) |  | 30,561 |
Total expenses | 3,760 |  |  | 25 |  |  | 232,950 |  |  | (2,952 | ) |  | 233,783 |
Income (loss) before income taxes | (3,760 | ) |  | 2,479 |  |  | 12,177 |  |  | — |  |  | 10,896 |
Income tax provision (benefit) | (1,816 | ) |  | 1,326 |  |  | 6,761 |  |  | — |  |  | 6,271 |
Net income (loss) for the period | (1,944 | ) |  | 1,153 |  |  | 5,416 |  |  | — |  |  | 4,625 |
Less net income attributable to non-controlling interest, net of tax | — |  |  | — |  |  | 155 |  |  | — |  |  | 155 |
Equity in subsidiaries | 6,415 |  |  | — |  |  | — |  |  | (6,415 | ) |  | — |
Net income attributable to Oppenheimer Holdings Inc. | 4,471 |  |  | 1,153 |  |  | 5,261 |  |  | (6,415 | ) |  | 4,470 |
Other comprehensive income | — |  |  | — |  |  | (1,608 | ) |  | — |  |  | (1,608 | )
Total comprehensive income | $ | 4,471 |  |  | $ | 1,153 |  |  | $ | 3,653 |  |  | $ | (6,415 | ) |  | $ | 2,862 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 349,062 |  |  | $ | — |  |  | $ | 349,062 |
Advisory fees | — |  |  | — |  |  | 210,594 |  |  | (1,002 | ) |  | 209,592 |
Investment banking | — |  |  | — |  |  | 94,164 |  |  | — |  |  | 94,164 |
Interest | — |  |  | 7,901 |  |  | 37,347 |  |  | (7,861 | ) |  | 37,387 |
Principal transactions, net | — |  |  | 10 |  |  | 24,873 |  |  | — |  |  | 24,883 |
Other | — |  |  | 375 |  |  | 34,419 |  |  | (346 | ) |  | 34,448 |
Total revenue | — |  |  | 8,286 |  |  | 750,459 |  |  | (9,209 | ) |  | 749,536 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 822 |  |  | — |  |  | 492,313 |  |  | — |  |  | 493,135 |
Communications and technology | 111 |  |  | — |  |  | 50,150 |  |  | — |  |  | 50,261 |
Occupancy and equipment costs | — |  |  | — |  |  | 47,451 |  |  | (346 | ) |  | 47,105 |
Clearing and exchange fees | — |  |  | — |  |  | 17,885 |  |  | — |  |  | 17,885 |
Interest | 11,120 |  |  | 8 |  |  | 10,436 |  |  | (7,861 | ) |  | 13,703 |
Other | 4,396 |  |  | 30 |  |  | 107,882 |  |  | (1,002 | ) |  | 111,306 |
Total expenses | 16,449 |  |  | 38 |  |  | 726,117 |  |  | (9,209 | ) |  | 733,395 |
Income (loss) before income taxes | (16,449 | ) |  | 8,248 |  |  | 24,342 |  |  | — |  |  | 16,141 |
Income tax provision (benefit) | (6,450 | ) |  | 2,457 |  |  | 13,342 |  |  | — |  |  | 9,349 |
Net income (loss) for the period | (9,999 | ) |  | 5,791 |  |  | 11,000 |  |  | — |  |  | 6,792 |
Less net income attributable to non-controlling interest, net of tax | — |  |  | — |  |  | 652 |  |  | — |  |  | 652 |
Equity in subsidiaries | 16,139 |  |  | — |  |  | — |  |  | (16,139 | ) |  | — |
Net income attributable to Oppenheimer Holdings Inc. | 6,140 |  |  | 5,791 |  |  | 10,348 |  |  | (16,139 | ) |  | 6,140 |
Other comprehensive income | — |  |  | — |  |  | (1,356 | ) |  | — |  |  | (1,356 | )
Total comprehensive income | $ | 6,140 |  |  | $ | 5,791 |  |  | $ | 8,992 |  |  | $ | (16,139 | ) |  | $ | 4,784 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 120,252 |  |  | $ | — |  |  | $ | 120,252 |
Advisory fees | — |  |  | — |  |  | 60,650 |  |  | (533 | ) |  | 60,117 |
Investment banking | — |  |  | — |  |  | 21,362 |  |  | — |  |  | 21,362 |
Principal transactions, net | — |  |  | 26 |  |  | 10,321 |  |  | — |  |  | 10,347 |
Interest | — |  |  | 2,777 |  |  | 14,805 |  |  | (3,143 | ) |  | 14,439 |
Other | — |  |  | 42 |  |  | 16,859 |  |  | (42 | ) |  | 16,859 |
Total revenue | — |  |  | 2,845 |  |  | 244,249 |  |  | (3,718 | ) |  | 243,376 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 207 |  |  | — |  |  | 160,874 |  |  | — |  |  | 161,081 |
Occupancy and equipment costs | — |  |  | — |  |  | 16,447 |  |  | (42 | ) |  | 16,405 |
Communications and technology | 23 |  |  | — |  |  | 16,976 |  |  | — |  |  | 16,999 |
Interest | 4,375 |  |  | — |  |  | 4,932 |  |  | (3,143 | ) |  | 6,164 |
Clearing and exchange fees | — |  |  | — |  |  | 6,099 |  |  | — |  |  | 6,099 |
Other | 285 |  |  | 4 |  |  | 28,709 |  |  | (533 | ) |  | 28,465 |
Total expenses | 4,890 |  |  | 4 |  |  | 234,037 |  |  | (3,718 | ) |  | 235,213 |
Income (loss) before income taxes | (4,890 | ) |  | 2,841 |  |  | 10,212 |  |  | — |  |  | 8,163 |
Income tax provision (benefit) | (1,792 | ) |  | 1,808 |  |  | 2,639 |  |  | — |  |  | 2,655 |
Net income (loss) for the period | (3,098 | ) |  | 1,033 |  |  | 7,573 |  |  | — |  |  | 5,508 |
Less net income attributable to non-controlling interest, net of tax | — |  |  | — |  |  | 271 |  |  | — |  |  | 271 |
Equity in subsidiaries | 8,335 |  |  | — |  |  | — |  |  | (8,335 | ) |  | — |
Net income attributable to Oppenheimer Holdings Inc. | 5,237 |  |  | 1,033 |  |  | 7,302 |  |  | (8,335 | ) |  | 5,237 |
Other comprehensive income | — |  |  | — |  |  | 656 |  |  | — |  |  | 656 |
Total comprehensive income | $ | 5,237 |  |  | $ | 1,033 |  |  | $ | 7,958 |  |  | $ | (8,335 | ) |  | $ | 5,893 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 364,272 |  |  | $ | — |  |  | $ | 364,272 |
Advisory fees | — |  |  | — |  |  | 179,137 |  |  | (1,720 | ) |  | 177,417 |
Investment banking | — |  |  | — |  |  | 62,377 |  |  | — |  |  | 62,377 |
Principal transactions, net | — |  |  | 38 |  |  | 33,558 |  |  | — |  |  | 33,596 |
Interest | 5 |  |  | 8,370 |  |  | 40,119 |  |  | (8,578 | ) |  | 39,916 |
Other | — |  |  | 126 |  |  | 48,774 |  |  | (126 | ) |  | 48,774 |
Total revenue | 5 |  |  | 8,534 |  |  | 728,237 |  |  | (10,424 | ) |  | 726,352 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 902 |  |  | — |  |  | 479,394 |  |  | — |  |  | 480,296 |
Occupancy and equipment costs | — |  |  | — |  |  | 51,237 |  |  | (126 | ) |  | 51,111 |
Communications and technology | 81 |  |  | — |  |  | 48,800 |  |  | — |  |  | 48,881 |
Interest | 13,125 |  |  | — |  |  | 15,622 |  |  | (8,578 | ) |  | 20,169 |
Clearing and exchange fees | — |  |  | — |  |  | 18,434 |  |  | — |  |  | 18,434 |
Other | 1,045 |  |  | 23 |  |  | 87,563 |  |  | (1,720 | ) |  | 86,911 |
Total expenses | 15,153 |  |  | 23 |  |  | 701,050 |  |  | (10,424 | ) |  | 705,802 |
Income (loss) before income taxes | (15,148 | ) |  | 8,511 |  |  | 27,187 |  |  | — |  |  | 20,550 |
Income tax provision (benefit) | (5,723 | ) |  | 3,702 |  |  | 10,104 |  |  | — |  |  | 8,083 |
Net income (loss) for the period | (9,425 | ) |  | 4,809 |  |  | 17,083 |  |  | — |  |  | 12,467 |
Less net income attributable to non-controlling interest, net of tax | — |  |  | — |  |  | 719 |  |  | — |  |  | 719 |
Equity in subsidiaries | 21,173 |  |  | — |  |  | — |  |  | (21,173 | ) |  | — |
Net income attributable to Oppenheimer Holdings Inc. | 11,748 |  |  | 4,809 |  |  | 16,364 |  |  | (21,173 | ) |  | 11,748 |
Other comprehensive income (loss) | (3 | ) |  | — |  |  | 1,159 |  |  | — |  |  | 1,156 |
Total comprehensive income | $ | 11,745 |  |  | $ | 4,809 |  |  | $ | 17,523 |  |  | $ | (21,173 | ) |  | $ | 12,904 |
Condensed Consolidating Statement of Cash Flows |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2014
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operations: |  |  |  |  |  |  |  |  |
Net income (loss) for the period | $ | (9,999 | ) |  | $ | 5,791 |  |  | $ | 11,000 |  |  | $ | — |  |  | $ | 6,792 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |  |
Depreciation and amortization of office facilities and leasehold improvements | — |  |  | — |  |  | 5,787 |  |  | — |  |  | 5,787 |
Deferred income taxes | — |  |  | — |  |  | 6,423 |  |  | — |  |  | 6,423 |
Amortization of notes receivable | — |  |  | — |  |  | 12,393 |  |  | — |  |  | 12,393 |
Amortization of debt issuance costs | 408 |  |  | — |  |  | — |  |  | — |  |  | 408 |
Write-off of debt issuance costs | 588 |  |  | — |  |  | — |  |  | — |  |  | 588 |
Amortization of mortgage servicing rights | — |  |  | — |  |  | 2,025 |  |  | — |  |  | 2,025 |
Provision for credit losses | — |  |  | — |  |  | 28 |  |  | — |  |  | 28 |
Share-based compensation expense | 291 |  |  | — |  |  | 3,391 |  |  | — |  |  | 3,682 |
Payment of taxes due for share-based awards | (2,074 | ) |  | — |  |  | — |  |  | — |  |  | (2,074 | )
Changes in operating assets and liabilities | 59,523 |  |  | (31,569 | ) |  | (50,269 | ) |  | — |  |  | (22,315 | )
Cash provided by (used in) continuing operations | 48,737 |  |  | (25,778 | ) |  | (9,222 | ) |  | — |  |  | 13,737 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (3,366 | ) |  | — |  |  | (3,366 | )
Cash used in investing activities | — |  |  | — |  |  | (3,366 | ) |  | — |  |  | (3,366 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (4,483 | ) |  | — |  |  | — |  |  | — |  |  | (4,483 | )
Issuance of Class A non-voting common stock | 185 |  |  | — |  |  | — |  |  | — |  |  | 185 |
Tax benefit from share-based awards | 1,275 |  |  | — |  |  | — |  |  | — |  |  | 1,275 |
Redemption of senior secured notes | (45,000 | ) |  | — |  |  | — |  |  | — |  |  | (45,000 | )
Other financing activities | — |  |  | — |  |  | 17,300 |  |  | — |  |  | 17,300 |
Cash flow provided by (used in) financing activities | (48,023 | ) |  | — |  |  | 17,300 |  |  | — |  |  | (30,723 | )
Net increase (decrease) in cash and cash equivalents | 714 |  |  | (25,778 | ) |  | 4,712 |  |  | — |  |  | (20,352 | )
Cash and cash equivalents, beginning of the period | 448 |  |  | 30,901 |  |  | 66,945 |  |  | — |  |  | 98,294 |
Cash and cash equivalents, end of the period | $ | 1,162 |  |  | $ | 5,123 |  |  | $ | 71,657 |  |  | $ | — |  |  | $ | 77,942 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2013
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operations: |  |  |  |  |  |  |  |  |
Net income (loss) for the period | $ | (9,425 | ) |  | $ | 4,809 |  |  | $ | 17,083 |  |  | $ | — |  |  | $ | 12,467 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |  |  |  |  |  |  |  |
Depreciation and amortization of office facilities and leasehold improvements | — |  |  | — |  |  | 7,434 |  |  | — |  |  | 7,434 |
Deferred income taxes | — |  |  | — |  |  | 13,862 |  |  | — |  |  | 13,862 |
Amortization of notes receivable | — |  |  | — |  |  | 14,086 |  |  | — |  |  | 14,086 |
Amortization of debt issuance costs | 479 |  |  | — |  |  | — |  |  | — |  |  | 479 |
Amortization of mortgage servicing rights | — |  |  | — |  |  | 1,120 |  |  | — |  |  | 1,120 |
Provision for (reversal of) credit losses | — |  |  | — |  |  | 178 |  |  | — |  |  | 178 |
Share-based compensation expense | — |  |  | — |  |  | 3,966 |  |  | — |  |  | 3,966 |
Changes in operating assets and liabilities | 15,958 |  |  | (13,026 | ) |  | (33,576 | ) |  | — |  |  | (30,644 | )
Cash provided by (used in) continuing operations | 7,012 |  |  | (8,217 | ) |  | 24,153 |  |  | — |  |  | 22,948 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (12,642 | ) |  | — |  |  | (12,642 | )
Cash used in investing activities | — |  |  | — |  |  | (12,642 | ) |  | — |  |  | (12,642 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (4,494 | ) |  | — |  |  | — |  |  | — |  |  | (4,494 | )
Issuance of Class A non-voting common stock | 85 |  |  | — |  |  | — |  |  | — |  |  | 85 |
Repurchase of Class A non-voting common stock | (2,314 | ) |  | — |  |  | — |  |  | — |  |  | (2,314 | )
Tax deficiency from share-based awards | (92 | ) |  | — |  |  | — |  |  | — |  |  | (92 | )
Other financing activities | — |  |  | — |  |  | (33,500 | ) |  | — |  |  | (33,500 | )
Cash flow provided by (used in) financing activities | (6,815 | ) |  | — |  |  | (33,500 | ) |  | — |  |  | (40,315 | )
Net increase (decrease) in cash and cash equivalents | 197 |  |  | (8,217 | ) |  | (21,989 | ) |  | — |  |  | (30,009 | )
Cash and cash equivalents, beginning of the period | 35 |  |  | 40,658 |  |  | 94,673 |  |  | — |  |  | 135,366 |
Cash and cash equivalents, end of the period | $ | 232 |  |  | $ | 32,441 |  |  | $ | 72,684 |  |  | $ | — |  |  | $ | 105,357 |

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