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Consolidated Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Statement of Cash Flows [Abstract]    
Net Income (Loss) Attributable to Parent $ 96,067,000 $ 41,106,000
Non-cash items included in net income:    
Depreciation and amortization of furniture, equipment and leasehold improvements 5,975,000 6,169,000
Deferred income taxes (2,575,000) 7,254,000
Amortization of notes receivable 9,786,000 8,736,000
Amortization of debt issuance costs 188,000 149,000
Write-off of debt issuance costs 0 341,000
Provision for credit losses 3,030,000 33,000
Share-based compensation 25,097,000 4,877,000
Amortization of right-of-use lease assets 19,514,000 18,747,000
Gain on repurchase of senior secured notes 0 (86,000)
Decrease (increase) in operating assets:    
Deposits with clearing organizations 1,752,000 28,787,000
Receivable from brokers, dealers and clearing organizations (39,020,000) (43,963,000)
Receivable from customers (165,640,000) (298,134,000)
Securities owned 48,834,000 153,039,000
Notes receivable (18,723,000) (9,789,000)
Other assets 92,294,000 19,627,000
Increase (decrease) in operating liabilities:    
Drafts payable 0 18,251,000
Payable to brokers, dealers and clearing organizations 64,141,000 (154,026,000)
Payable to customers 48,612,000 46,011,000
Securities sold under agreements to repurchase 1,487,000 (34,438,000)
Securities sold but not yet purchased (42,026,000) 121,878,000
Accrued compensation 1,487,000 (4,856,000)
Accounts payable and other liabilities (11,588,000) (20,522,000)
Cash provided by/(used in) operating activities 135,188,000 (148,383,000)
Cash flows from investing activities    
Purchase of furniture, equipment and leasehold improvements (7,513,000) (3,708,000)
Proceeds from the settlement of Company-owned life insurance 2,001,000 0
Cash used in investing activities (5,512,000) (3,708,000)
Cash flows from financing activities    
Cash dividends paid on Class A non-voting and Class B voting common stock (4,936,000) (4,597,000)
Issuance of Class A non-voting common stock 58,000 34,000
Repurchase of Class A non-voting common stock for cancellation (4,715,000) (14,228,000)
Payments for employee taxes withheld related to vested share-based awards (4,966,000) (5,771,000)
Proceeds from Issuance of Secured Debt 0 125,000,000
Repayments of Secured Debt 0 (148,574,000)
Repurchase of Secured Debt 0 1,426,000
Payments of Debt Issuance Costs 22,000 210,000
Payment for Debt Extinguishment or Debt Prepayment Cost 0 (2,507,000)
(Decrease)/increase in bank call loans, net (9,700,000) 156,900,000
Cash (used in)/provided by financing activities (24,281,000) 104,621,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 105,395,000 (47,470,000)
Cash and cash equivalents, beginning of period 35,424,000 79,550,000
Cash and cash equivalents, end of period 140,819,000 32,080,000
Schedule of non-cash financing activities    
Employee share plan issuance 7,361,000 11,940,000
Supplemental disclosure of cash flow information    
Interest Paid, Excluding Capitalized Interest, Operating Activities 9,502,000 17,929,000
Cash paid during the period for income taxes, net $ 52,950,000 $ 5,918,000