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Supplemental Guarantor Consolidated Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Income Statement |
Condensed Consolidating Balance Sheet | OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF SEPTEMBER 30, 2019
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4,785 |  |  | $ | 534 |  |  | $ | 20,874 |  |  | $ | — |  |  | $ | 26,193 |
Deposits with clearing organizations | — |  |  | — |  |  | 73,730 |  |  | — |  |  | 73,730 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 157,734 |  |  | — |  |  | 157,734 |
Receivable from customers, net of allowance for credit losses of $941 | — |  |  | — |  |  | 754,927 |  |  | — |  |  | 754,927 |
Income tax receivable | 49,333 |  |  | 15,488 |  |  | — |  |  | (62,488 | ) |  | 2,333 |
Securities owned, including amounts pledged of $359,151 at fair value | — |  |  | 1,327 |  |  | 651,867 |  |  | — |  |  | 653,194 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $35,373 and $3,886, respectively | — |  |  | — |  |  | 43,920 |  |  | — |  |  | 43,920 |
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $92,690 | — |  |  | 23,097 |  |  | 8,988 |  |  | — |  |  | 32,085 |
Right-of-use lease assets, net of accumulated amortization of $19,141 | — |  |  | 158,793 |  |  | 6,106 |  |  | — |  |  | 164,899 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | 400 |  |  | 31,700 |  |  | — |  |  | 32,100 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 154 |  |  | 12,612 |  |  | 122,649 |  |  | (10,931 | ) |  | 124,484 |
Deferred tax assets | 103 |  |  | 7,020 |  |  | 11,963 |  |  | (19,086 | ) |  | — |
Investment in subsidiaries | 692,030 |  |  | 761,924 |  |  | 24,628 |  |  | (1,478,582 | ) |  | — |
Intercompany receivables | — |  |  | 46,325 |  |  | 14,092 |  |  | (60,417 | ) |  | — |
Total assets | $ | 746,405 |  |  | $ | 1,140,078 |  |  | $ | 2,061,067 |  |  | $ | (1,744,062 | ) |  | $ | 2,203,488 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 17,794 |  |  | $ | — |  |  | $ | 17,794 |
Bank call loans | — |  |  | — |  |  | — |  |  | — |  |  | — |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 364,595 |  |  | — |  |  | 364,595 |
Payable to customers | — |  |  | — |  |  | 313,056 |  |  | — |  |  | 313,056 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 253,720 |  |  | — |  |  | 253,720 |
Securities sold but not yet purchased, at fair value | — |  |  | — |  |  | 121,880 |  |  | — |  |  | 121,880 |
Accrued compensation | — |  |  | — |  |  | 149,862 |  |  | — |  |  | 149,862 |
Income tax payable | — |  |  | 40 |  |  | 62,489 |  |  | (62,529 | ) |  | — |
Accounts payable and other liabilities | 2,584 |  |  | 90 |  |  | 51,500 |  |  | (10,940 | ) |  | 43,234 |
Lease liabilities | — |  |  | 202,121 |  |  | 6,625 |  |  | 2 |  |  | 208,748 |
Senior secured notes, net of debt issuance cost of $533 | 149,467 |  |  | — |  |  | — |  |  | — |  |  | 149,467 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | — |  |  | 33,546 |  |  | (19,041 | ) |  | 14,505 |
Intercompany payables | 27,727 |  |  | — |  |  | — |  |  | (27,727 | ) |  | — |
Total liabilities | 179,778 |  |  | 202,251 |  |  | 1,487,625 |  |  | (232,793 | ) |  | 1,636,861 |
Stockholders' equity |  |  |  |  |  |  |  |  |
Total stockholders' equity | 566,627 |  |  | 937,827 |  |  | 573,442 |  |  | (1,511,269 | ) |  | 566,627 |
Total liabilities and stockholders' equity | $ | 746,405 |  |  | $ | 1,140,078 |  |  | $ | 2,061,067 |  |  | $ | (1,744,062 | ) |  | $ | 2,203,488 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING BALANCE SHEET AS OF DECEMBER 31, 2018
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor subsidiaries |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 53,525 |  |  | $ | 3,826 |  |  | $ | 33,324 |  |  | $ | — |  |  | $ | 90,675 |
Deposits with clearing organizations | — |  |  | — |  |  | 67,678 |  |  | — |  |  | 67,678 |
Receivable from brokers, dealers and clearing organizations | — |  |  | — |  |  | 166,493 |  |  | — |  |  | 166,493 |
Receivable from customers, net of allowance for credit losses of $886 | — |  |  | — |  |  | 720,777 |  |  | — |  |  | 720,777 |
Income tax receivable | 45,733 |  |  | 23,491 |  |  | (702 | ) |  | (67,508 | ) |  | 1,014 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 290 |  |  | — |  |  | 290 |
Securities owned, including amounts pledged of $517,951 at fair value | — |  |  | 1,358 |  |  | 836,226 |  |  | — |  |  | 837,584 |
Notes receivable, net of accumulated amortization and allowance for uncollectibles of $25,109 and $6,800, respectively | — |  |  | — |  |  | 44,058 |  |  | — |  |  | 44,058 |
Furniture, equipment and leasehold improvements, net of accumulated depreciation of $89,182 | — |  |  | 20,722 |  |  | 8,266 |  |  | — |  |  | 28,988 |
Subordinated loan receivable | — |  |  | 112,558 |  |  | — |  |  | (112,558 | ) |  | — |
Intangible assets | — |  |  | 400 |  |  | 31,700 |  |  | — |  |  | 32,100 |
Goodwill | — |  |  | — |  |  | 137,889 |  |  | — |  |  | 137,889 |
Other assets | 135 |  |  | 2,581 |  |  | 110,052 |  |  | — |  |  | 112,768 |
Deferred tax assets | 1 |  |  | 455 |  |  | 18,494 |  |  | (18,950 | ) |  | — |
Investment in subsidiaries | 661,837 |  |  | 546,704 |  |  | — |  |  | (1,208,541 | ) |  | — |
Intercompany receivables | (14,211 | ) |  | 46,840 |  |  | (6,299 | ) |  | (26,330 | ) |  | — |
Total assets | $ | 747,020 |  |  | $ | 758,935 |  |  | $ | 2,168,246 |  |  | $ | (1,433,887 | ) |  | $ | 2,240,314 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |
Drafts payable | $ | — |  |  | $ | — |  |  | $ | 16,348 |  |  | $ | — |  |  | $ | 16,348 |
Bank call loans | — |  |  | — |  |  | 15,000 |  |  | — |  |  | 15,000 |
Payable to brokers, dealers and clearing organizations | — |  |  | — |  |  | 289,207 |  |  | — |  |  | 289,207 |
Payable to customers | — |  |  | — |  |  | 336,616 |  |  | — |  |  | 336,616 |
Securities sold under agreements to repurchase | — |  |  | — |  |  | 484,218 |  |  | — |  |  | 484,218 |
Securities sold but not yet purchased, at fair value | — |  |  | — |  |  | 85,446 |  |  | — |  |  | 85,446 |
Accrued compensation | — |  |  | — |  |  | 167,348 |  |  | — |  |  | 167,348 |
Accounts payable and other liabilities | 163 |  |  | 31,653 |  |  | 55,823 |  |  | (9 | ) |  | 87,630 |
Income tax payable | 2,440 |  |  | 22,189 |  |  | 42,878 |  |  | (67,507 | ) |  | — |
Senior secured notes, net of debt issuance cost of $904 | 199,096 |  |  | — |  |  | — |  |  | — |  |  | 199,096 |
Subordinated indebtedness | — |  |  | — |  |  | 112,558 |  |  | (112,558 | ) |  | — |
Deferred tax liabilities | — |  |  | — |  |  | 33,029 |  |  | (18,946 | ) |  | 14,083 |
Intercompany payables | — |  |  | 26,334 |  |  | — |  |  | (26,334 | ) |  | — |
Total liabilities | 201,699 |  |  | 80,176 |  |  | 1,638,471 |  |  | (225,354 | ) |  | 1,694,992 |
Stockholders' equity |  |  |  |  |  |  |  |  |
Total stockholders' equity | 545,322 |  |  | 678,759 |  |  | 529,774 |  |  | (1,208,533 | ) |  | 545,322 |
Total liabilities and stockholders' equity | $ | 747,021 |  |  | $ | 758,935 |  |  | $ | 2,168,245 |  |  | $ | (1,433,887 | ) |  | $ | 2,240,314 |
Condensed Consolidating Statement of Cash Flows | OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2019
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | 16,687 |  |  | $ | (3,292 | ) |  | $ | 9,502 |  |  | $ | — |  |  | $ | 22,897 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of furniture, equipment and leasehold improvements | — |  |  | — |  |  | (8,672 | ) |  | — |  |  | (8,672 | )
Proceeds from the settlement of Company-owned life insurance | — |  |  | — |  |  | 1,720 |  |  | — |  |  | 1,720 |
Cash used in investing activities | — |  |  | — |  |  | (6,952 | ) |  | — |  |  | (6,952 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (4,408 | ) |  | — |  |  | — |  |  | — |  |  | (4,408 | )
Issuance of Class A non-voting common stock | 83 |  |  | — |  |  | — |  |  | — |  |  | 83 |
Repurchase of Class A non-voting common stock | (8,400 | ) |  | — |  |  | — |  |  | — |  |  | (8,400 | )
Redemption of senior secured notes | (50,000 | ) |  | — |  |  | — |  |  | — |  |  | (50,000 | )
Debt redemption costs | (1,688 | ) |  | — |  |  | — |  |  | — |  |  | (1,688 | )
Payments for employee taxes withheld related to vested share-based awards | (1,014 | ) |  | — |  |  | — |  |  | — |  |  | (1,014 | )
Decrease in bank call loans, net | — |  |  | — |  |  | (15,000 | ) |  | — |  |  | (15,000 | )
Cash used in financing activities | (65,427 | ) |  | — |  |  | (15,000 | ) |  | — |  |  | (80,427 | )
Net increase (decrease) in cash and cash equivalents | (48,740 | ) |  | (3,292 | ) |  | (12,450 | ) |  | — |  |  | (64,482 | )
Cash and cash equivalents, beginning of the period | 53,525 |  |  | 3,826 |  |  | 33,324 |  |  | — |  |  | 90,675 |
Cash and cash equivalents, end of the period | $ | 4,785 |  |  | $ | 534 |  |  | $ | 20,874 |  |  | $ | — |  |  | $ | 26,193 |
OPPENHEIMER HOLDINGS INC. CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2018
(Expressed in thousands) | Parent |  | Guarantor subsidiaries |  | Non-guarantor subsidiaries |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Cash provided by (used in) operating activities | $ | (131 | ) |  | $ | 1,337 |  |  | $ | 117,073 |  |  | $ | — |  |  | $ | 118,279 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Purchase of furniture, equipment and leasehold improvements | — |  |  | — |  |  | (6,654 | ) |  | — |  |  | (6,654 | )
Purchase of intangible assets | — |  |  | (400 | ) |  | — |  |  | — |  |  | (400 | )
Proceeds from the settlement of Company-owned life insurance | — |  |  | — |  |  | 284 |  |  | — |  |  | 284 |
Cash used in investing activities | — |  |  | (400 | ) |  | (6,370 | ) |  | — |  |  | (6,770 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Cash dividends paid on Class A non-voting and Class B voting common stock | (4,373 | ) |  | — |  |  | — |  |  | — |  |  | (4,373 | )
Issuance of Class A non-voting common stock | 70 |  |  | — |  |  | — |  |  | — |  |  | 70 |
Payments for employee taxes withheld related to vested share-based awards | (2,529 | ) |  | — |  |  | — |  |  | — |  |  | (2,529 | )
Decrease in bank call loans, net | — |  |  | — |  |  | (115,300 | ) |  | — |  |  | (115,300 | )
Cash used in financing activities | (6,832 | ) |  | — |  |  | (115,300 | ) |  | — |  |  | (122,132 | )
Net increase (decrease) in cash and cash equivalents | (6,963 | ) |  | 937 |  |  | (4,597 | ) |  | — |  |  | (10,623 | )
Cash and cash equivalents, beginning of the period | 7,442 |  |  | 3,716 |  |  | 36,996 |  |  | — |  |  | 48,154 |
Cash and cash equivalents, end of the period | $ | 479 |  |  | $ | 4,653 |  |  | $ | 32,399 |  |  | $ | — |  |  | $ | 37,531 |

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