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Condensed Consolidating Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Balance Sheet |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF MARCH 31, 2016
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 196 |  |  | $ | 119 |  |  | $ | 62,164 |  |  | $ | — |  |  | $ | 62,479 |
Deposits with clearing organizations | — |  |  | — |  |  | 56,567 |  |  | — |  |  | 56,567 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 263,363 |  |  | — |  |  | 263,363 |
Receivable from customers, net of allowance for credit losses of $2,573 | — |  |  | — |  |  | 791,631 |  |  | — |  |  | 791,631 |
Income tax receivable | 34,696 |  |  | 27,742 |  |  | — |  |  | (45,177 | ) |  | 17,261 |
Securities owned, including amounts pledged of $705,835, at fair value | — |  |  | 1,213 |  |  | 1,035,569 |  |  | — |  |  | 1,036,782 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $58,350 and $8,722, respectively | — |  |  | — |  |  | 32,869 |  |  | — |  |  | 32,869 |
Office facilities, net of accumulated depreciation of $106,206 | — |  |  | 21,477 |  |  | 7,041 |  |  | — |  |  | 28,518 |
Loans held for sale, at fair value | — |  |  | — |  |  | 13,532 |  |  | — |  |  | 13,532 |
Mortgage servicing rights | — |  |  | — |  |  | 28,024 |  |  | — |  |  | 28,024 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 138 |  |  | 2,739 |  |  | 117,372 |  |  | — |  |  | 120,249 |
Deferred tax assets | 1,135 |  |  | 317 |  |  | 27,550 |  |  | (29,002 | ) |  | — |
Investment in subsidiaries | 577,002 |  |  | 528,357 |  |  | — |  |  | (1,105,359 | ) |  | — |
Intercompany receivables | 53,871 |  |  | 18,409 |  |  | — |  |  | (72,280 | ) |  | — |
Total assets | $ | 667,038 |  |  | $ | 712,931 |  |  | $ | 2,605,271 |  |  | $ | (1,364,376 | ) |  | $ | 2,620,864 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 37,663 |  |  | $ | — |  |  | $ | 37,663 |
Bank call loans | — |  |  | — |  |  | 148,300 |  |  | — |  |  | 148,300 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 207,879 |  |  | — |  |  | 207,879 |
Payable to customers | — |  |  | — |  |  | 521,557 |  |  | — |  |  | 521,557 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 529,752 |  |  | — |  |  | 529,752 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 270,952 |  |  | — |  |  | 270,952 |
Accrued compensation | — |  |  | — |  |  | 93,835 |  |  | — |  |  | 93,835 |
Accounts payable and other liabilities | 6,225 |  |  | 35,488 |  |  | 84,470 |  |  | — |  |  | 126,183 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 20,548 |  |  | (45,177 | ) |  | — |
Senior secured notes, net of debt issuance costs of $1,011 | 148,989 |  |  | — |  |  | — |  |  | — |  |  | 148,989 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | — |  |  | 48,410 |  |  | (29,002 | ) |  | 19,408 |
Intercompany payables | — |  |  | 62,204 |  |  | 10,076 |  |  | (72,280 | ) |  | — |
Total liabilities | 157,654 |  |  | 119,881 |  |  | 2,086,000 |  |  | (259,017 | ) |  | 2,104,518 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Stockholders’ equity attributable to Oppenheimer Holdings Inc. | 509,384 |  |  | 593,050 |  |  | 512,309 |  |  | (1,105,359 | ) |  | 509,384 |
Noncontrolling interest | — |  |  | — |  |  | 6,962 |  |  | — |  |  | 6,962 |
Total stockholders’ equity | 509,384 |  |  | 593,050 |  |  | 519,271 |  |  | (1,105,359 | ) |  | 516,346 |
Total liabilities and stockholders’ equity | $ | 667,038 |  |  | $ | 712,931 |  |  | $ | 2,605,271 |  |  | $ | (1,364,376 | ) |  | $ | 2,620,864 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 907 |  |  | $ | 2,586 |  |  | $ | 59,871 |  |  | $ | — |  |  | $ | 63,364 |
Deposits with clearing organizations | — |  |  | — |  |  | 49,490 |  |  | — |  |  | 49,490 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 360,913 |  |  | — |  |  | 360,913 |
Receivable from customers, net of allowance for credit losses of $2,545 | — |  |  | — |  |  | 840,355 |  |  | — |  |  | 840,355 |
Income tax receivable | 33,801 |  |  | 27,536 |  |  | — |  |  | (50,400 | ) |  | 10,937 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 206,499 |  |  | — |  |  | 206,499 |
Securities owned, including amounts pledged of $546,334, at fair value | — |  |  | 1,183 |  |  | 734,210 |  |  | — |  |  | 735,393 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $54,919 and $8,444, respectively | — |  |  | — |  |  | 32,849 |  |  | — |  |  | 32,849 |
Office facilities, net of accumulated depreciation of $104,961 | — |  |  | 20,793 |  |  | 7,497 |  |  | — |  |  | 28,290 |
Loans held for sale, at fair value | — |  |  | — |  |  | 60,234 |  |  | — |  |  | 60,234 |
Mortgage servicing rights | — |  |  | — |  |  | 28,168 |  |  | — |  |  | 28,168 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | — |  |  | 31,700 |  |  | — |  |  | 31,700 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 69 |  |  | 3,224 |  |  | 102,458 |  |  | — |  |  | 105,751 |
Deferred tax assets | 317 |  |  | 330 |  |  | 29,900 |  |  | (30,547 | ) |  | — |
Investment in subsidiaries | 577,320 |  |  | 532,651 |  |  | — |  |  | (1,109,971 | ) |  | — |
Intercompany receivables | 60,187 |  |  | 13,185 |  |  | — |  |  | (73,372 | ) |  | — |
Total assets | $ | 672,601 |  |  | $ | 714,046 |  |  | $ | 2,682,033 |  |  | $ | (1,376,848 | ) |  | $ | 2,691,832 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 48,011 |  |  | $ | — |  |  | $ | 48,011 |
Bank call loans | — |  |  | — |  |  | 100,200 |  |  | — |  |  | 100,200 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 164,546 |  |  | — |  |  | 164,546 |
Payable to customers | — |  |  | — |  |  | 594,833 |  |  | — |  |  | 594,833 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 651,445 |  |  | — |  |  | 651,445 |
Securities sold, but not yet purchased, at fair value | — |  |  | — |  |  | 126,493 |  |  | — |  |  | 126,493 |
Accrued compensation | — |  |  | — |  |  | 150,898 |  |  | — |  |  | 150,898 |
Accounts payable and other liabilities | 3,235 |  |  | 35,812 |  |  | 125,736 |  |  | — |  |  | 164,783 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 25,771 |  |  | (50,400 | ) |  | — |
Senior secured notes, net of debt issuance costs of $1,132 | 148,868 |  |  | — |  |  | — |  |  | — |  |  | 148,868 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | — |  |  | 47,220 |  |  | (30,547 | ) |  | 16,673 |
Intercompany payables | — |  |  | 62,204 |  |  | 11,168 |  |  | (73,372 | ) |  | — |
Total liabilities | 154,543 |  |  | 120,205 |  |  | 2,158,879 |  |  | (266,877 | ) |  | 2,166,750 |
Stockholders’ equity |  |  |  |  |  |  |  |  |
Stockholders’ equity attributable to Oppenheimer Holdings Inc. | 518,058 |  |  | 593,841 |  |  | 516,130 |  |  | (1,109,971 | ) |  | 518,058 |
Noncontrolling interest | — |  |  | — |  |  | 7,024 |  |  | — |  |  | 7,024 |
Total stockholders’ equity | 518,058 |  |  | 593,841 |  |  | 523,154 |  |  | (1,109,971 | ) |  | 525,082 |
Total liabilities and stockholders’ equity | $ | 672,601 |  |  | $ | 714,046 |  |  | $ | 2,682,033 |  |  | $ | (1,376,848 | ) |  | $ | 2,691,832 |
Condensed Consolidating Statement of Operations |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2016
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 103,833 |  |  | $ | — |  |  | $ | 103,833 |
Advisory fees | — |  |  | — |  |  | 66,379 |  |  | (353 | ) |  | 66,026 |
Investment banking | — |  |  | — |  |  | 12,383 |  |  | — |  |  | 12,383 |
Interest | — |  |  | 2,557 |  |  | 13,389 |  |  | (2,567 | ) |  | 13,379 |
Principal transactions, net | — |  |  | 30 |  |  | 1,501 |  |  | — |  |  | 1,531 |
Other | — |  |  | 78 |  |  | 21,542 |  |  | (78 | ) |  | 21,542 |
Total revenue | — |  |  | 2,665 |  |  | 219,027 |  |  | (2,998 | ) |  | 218,694 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 387 |  |  | — |  |  | 151,026 |  |  | — |  |  | 151,413 |
Communications and technology | 28 |  |  | — |  |  | 17,753 |  |  | — |  |  | 17,781 |
Occupancy and equipment costs | — |  |  | — |  |  | 15,056 |  |  | (78 | ) |  | 14,978 |
Clearing and exchange fees | — |  |  | — |  |  | 6,921 |  |  | — |  |  | 6,921 |
Interest | 3,281 |  |  | — |  |  | 4,374 |  |  | (2,567 | ) |  | 5,088 |
Other | 673 |  |  | 3 |  |  | 30,187 |  |  | (353 | ) |  | 30,510 |
Total expenses | 4,369 |  |  | 3 |  |  | 225,317 |  |  | (2,998 | ) |  | 226,691 |
Income (loss) before income tax provision (benefit) | (4,369 | ) |  | 2,662 |  |  | (6,290 | ) |  | — |  |  | (7,997 | )
Income tax provision (benefit) | (1,714 | ) |  | 1,004 |  |  | (3,378 | ) |  | — |  |  | (4,088 | )
Equity in earnings of subsidiaries | (1,192 | ) |  | (2,850 | ) |  | — |  |  | 4,042 |  |  | — |
Net loss | (3,847 | ) |  | (1,192 | ) |  | (2,912 | ) |  | 4,042 |  |  | (3,909 | )
Less net loss attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | (62 | ) |  | — |  |  | (62 | )
Net loss attributable to Oppenheimer Holdings Inc. | (3,847 | ) |  | (1,192 | ) |  | (2,850 | ) |  | 4,042 |  |  | (3,847 | )
Other comprehensive income | — |  |  | — |  |  | 873 |  |  | — |  |  | 873 |
Total comprehensive loss | $ | (3,847 | ) |  | $ | (1,192 | ) |  | $ | (1,977 | ) |  | $ | 4,042 |  |  | $ | (2,974 | )
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor Subsidiaries |  | Eliminations |  | Consolidated
REVENUES |  |  |  |  |  |  |  |  |
Commissions | $ | — |  |  | $ | — |  |  | $ | 109,695 |  |  | $ | — |  |  | $ | 109,695 |
Advisory fees | — |  |  | — |  |  | 71,420 |  |  | (454 | ) |  | 70,966 |
Investment banking | — |  |  | — |  |  | 27,305 |  |  | — |  |  | 27,305 |
Interest | — |  |  | 2,566 |  |  | 11,033 |  |  | (2,564 | ) |  | 11,035 |
Principal transactions, net | — |  |  | — |  |  | 18,609 |  |  | (54 | ) |  | 18,555 |
Other | — |  |  | 95 |  |  | 7,985 |  |  | (75 | ) |  | 8,005 |
Total revenue | — |  |  | 2,661 |  |  | 246,047 |  |  | (3,147 | ) |  | 245,561 |
EXPENSES |  |  |  |  |  |  |  |  |
Compensation and related expenses | 312 |  |  | — |  |  | 162,779 |  |  | — |  |  | 163,091 |
Communications and technology | 25 |  |  | — |  |  | 17,143 |  |  | — |  |  | 17,168 |
Occupancy and equipment costs | — |  |  | — |  |  | 15,853 |  |  | (75 | ) |  | 15,778 |
Clearing and exchange fees | — |  |  | — |  |  | 6,402 |  |  | — |  |  | 6,402 |
Interest | 3,281 |  |  | — |  |  | 3,193 |  |  | (2,564 | ) |  | 3,910 |
Other | 288 |  |  | 68 |  |  | 29,513 |  |  | (508 | ) |  | 29,361 |
Total expenses | 3,906 |  |  | 68 |  |  | 234,883 |  |  | (3,147 | ) |  | 235,710 |
Income (loss) before income tax provision (benefit) | (3,906 | ) |  | 2,593 |  |  | 11,164 |  |  | — |  |  | 9,851 |
Income tax provision (benefit) | (1,480 | ) |  | 847 |  |  | 4,363 |  |  | — |  |  | 3,730 |
Equity in earnings of subsidiaries | 8,145 |  |  | 6,399 |  |  | — |  |  | (14,544 | ) |  | — |
Net income | 5,719 |  |  | 8,145 |  |  | 6,801 |  |  | (14,544 | ) |  | 6,121 |
Less net income attributable to noncontrolling interest, net of tax | — |  |  | — |  |  | 402 |  |  | — |  |  | 402 |
Net income attributable to Oppenheimer Holdings Inc. | 5,719 |  |  | 8,145 |  |  | 6,399 |  |  | (14,544 | ) |  | 5,719 |
Other comprehensive loss | — |  |  | — |  |  | (567 | ) |  | — |  |  | (567 | )
Total comprehensive income | $ | 5,719 |  |  | $ | 8,145 |  |  | $ | 5,832 |  |  | $ | (14,544 | ) |  | $ | 5,152 |
Condensed Consolidating Statement of Cash Flows |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2016
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 5,140 |  |  | $ | (2,467 | ) |  | $ | (44,045 | ) |  | $ | — |  |  | $ | (41,372 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (1,762 | ) |  | — |  |  | (1,762 | )
Cash used in investing activities | — |  |  | — |  |  | (1,762 | ) |  | — |  |  | (1,762 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (1,476 | ) |  | — |  |  | — |  |  | — |  |  | (1,476 | )
Repurchase of Class A non-voting common stock for cancellation | (3,634 | ) |  | — |  |  | — |  |  | — |  |  | (3,634 | )
Tax deficiency from share-based awards | (741 | ) |  | — |  |  | — |  |  | — |  |  | (741 | )
Increase in bank call loans, net | — |  |  | — |  |  | 48,100 |  |  | — |  |  | 48,100 |
Cash flow provided by (used in) financing activities | (5,851 | ) |  | — |  |  | 48,100 |  |  | — |  |  | 42,249 |
Net increase (decrease) in cash and cash equivalents | (711 | ) |  | (2,467 | ) |  | 2,293 |  |  | — |  |  | (885 | )
Cash and cash equivalents, beginning of the period | 907 |  |  | 2,586 |  |  | 59,871 |  |  | — |  |  | 63,364 |
Cash and cash equivalents, end of the period | $ | 196 |  |  | $ | 119 |  |  | $ | 62,164 |  |  | $ | — |  |  | $ | 62,479 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE THREE MONTHS ENDED MARCH 31, 2015
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 1,394 |  |  | $ | 436 |  |  | $ | (38,413 | ) |  | $ | — |  |  | $ | (36,583 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of office facilities | — |  |  | — |  |  | (474 | ) |  | — |  |  | (474 | )
Cash used in investing activities | — |  |  | — |  |  | (474 | ) |  | — |  |  | (474 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (1,511 | ) |  | — |  |  | — |  |  | — |  |  | (1,511 | )
Tax deficiency from share-based awards | (321 | ) |  | — |  |  | — |  |  | — |  |  | (321 | )
Increase in bank call loans, net | — |  |  | — |  |  | 42,000 |  |  | — |  |  | 42,000 |
Cash flow provided by (used in) financing activities | (1,832 | ) |  | — |  |  | 42,000 |  |  | — |  |  | 40,168 |
Net increase (decrease) in cash and cash equivalents | (438 | ) |  | 436 |  |  | 3,113 |  |  | — |  |  | 3,111 |
Cash and cash equivalents, beginning of the period | 439 |  |  | 1,557 |  |  | 61,811 |  |  | — |  |  | 63,807 |
Cash and cash equivalents, end of the period | $ | 1 |  |  | $ | 1,993 |  |  | $ | 64,924 |  |  | $ | — |  |  | $ | 66,918 |

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