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Permanent Equity and Restrictions (Tables) | 12 Months Ended
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Dec. 31, 2012
Summary of Share Transactions Occurred in Stockholders' Equity During the Year | The following table summarizes the share transactions that occurred in stockholders’ equity during the years ended December 31, 2010, 2011, and 2012, respectively. ROLLFORWARD OF SHARES OUTSTANDING OF INSTITUTIONAL FINANCIAL MARKETS, INC. For the Year Ended December 31, 2010
|  | December 31, 2009 |  |  | Issuance of shares |  |  | Issuance as Equity-Based Compensation |  |  | Vesting of Shares |  |  | Shares withheld for Employee Taxes |  |  | Forfeiture of Restricted Stock |  |  | December 31, 2010 |
Common Stock |  |  | 10,307,238 |  |  |  | — |  |  |  | — |  |  |  | 89,572 |  |  |  | (25,952 | ) |  |  | — |  |  |  | 10,370,858 |
Restricted Stock |  |  | 36,109 |  |  |  | — |  |  |  | 216,383 |  |  |  | (89,572 | ) |  |  | — |  |  |  | (694 | ) |  |  | 162,226 |
Treasury Stock |  |  | (50,400 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (50,400 | )
|  |  | 10,292,947 |  |  |  | — |  |  |  | 216,383 |  |  |  | — |  |  |  | (25,952 | ) |  |  | (694 | ) |  |  | 10,482,684 |
For the Year Ended December 31, 2011
|  | December 31, 2010 |  |  | Issuance of shares |  |  | Issuance as Equity-Based Compensation |  |  | Vesting of Shares |  |  | Shares withheld for Employee Taxes |  |  | Forfeiture/ Cancellation of Restricted Stock (1) |  |  | Purchase of Common Stock for Treasury |  |  | Retirement of Treasury Stock |  |  | December 31, 2011 (2) |
Common Stock |  |  | 10,370,858 |  |  |  | 313,051 |  |  |  | — |  |  |  | 140,857 |  |  |  | (24,668 | ) |  |  | — |  |  |  | — |  |  |  | (667,601 | ) |  |  | 10,132,497 |
Restricted Stock |  |  | 162,226 |  |  |  | — |  |  |  | 3,924,612 |  |  |  | (140,857 | ) |  |  | — |  |  |  | (1,348,361 | ) |  |  | — |  |  |  | — |  |  |  | 2,597,620 |
Treasury Stock |  |  | (50,400 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (667,601 | ) |  |  | 667,601 |  |  |  | (50,400 | )
|  |  | 10,482,684 |  |  |  | 313,051 |  |  |  | 3,924,612 |  |  |  | — |  |  |  | (24,668 | ) |  |  | (1,348,361 | ) |  |  | (667,601 | ) |  |  | — |  |  |  | 12,679,717 |
(1) | Included in the 1,348,361 shares of restricted stock forfeited/cancelled are 90,135 shares of restricted stock of IFMI that the Company cancelled and replaced with 90,135 restricted units of IFMI Common Stock in October 2011. The 90,135 restricted units are not included in the above table since the restricted units are not considered legally outstanding.
(2) | Excludes the 90,135 restricted units of IFMI Common Stock granted in October 2011. See note 20.
For the Year Ended December 31, 2012
|  | December 31, 2011 |  |  | Issuance of shares |  |  | Issuance as Equity-Based Compensation |  |  | Vesting of Shares |  |  | Shares withheld for Employee Taxes |  |  | Forfeiture of Restricted Stock (1) |  |  | Surrender of Restricted Stock (2) |  |  | Retirement of Treasury Stock |  |  | December 31, 2012 (3) |
Common Stock |  |  | 10,132,497 |  |  |  | 230,846 |  |  |  | — |  |  |  | 643,830 |  |  |  | (162,048 | ) |  |  | — |  |  |  | — |  |  |  | (50,400 | ) |  |  | 10,794,725 |
Restricted Stock |  |  | 2,597,620 |  |  |  | — |  |  |  | 428,984 |  |  |  | (643,830 | ) |  |  | — |  |  |  | (1,508,353 | ) |  |  | (116,595 | ) |  |  | — |  |  |  | 757,826 |
Treasury Stock |  |  | (50,400 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 50,400 |  |  |  | — |
|  |  | 12,679,717 |  |  |  | 230,846 |  |  |  | 428,984 |  |  |  | — |  |  |  | (162,048 | ) |  |  | (1,508,353 | ) |  |  | (116,595 | ) |  |  | — |  |  |  | 11,552,551 |
(1) | Includes the 848,742 shares of restricted stock that the former chief executive officer of PrinceRidge and member of the Board of Managers of PrinceRidge GP and the former chairman of the Board of Managers of PrinceRidge GP forfeited in connection with the separation, release, and repurchase agreements that the Company entered into with them in July 2012. See note 20.
(2) | In December 2012, Mr. Cohen transferred 116,595 restricted shares of IFMI Common Stock to the Company in order to satisfy his obligation under the Equity Funding Agreement. See note 20 for the discussion about the 2009 Restricted Units Pursuant to the 2009 Equity Award Plan.
(3) | Excludes the restricted units of IFMI common stock. See note 20.
Schedule of Effects of Changes in Ownership Interest in the Operating LLC on Equity | The following schedule presents the effects of changes in IFMI’s ownership interest in the Operating LLC on the equity attributable to IFMI for the years ended December 31, 2012, 2011, and 2010, respectively:
|  | December 31, 2012 |  |  | December 31, 2011 |  |  | December 31, 2010 |
Net income / (loss) attributable to IFMI |  | $ | (968 | ) |  | $ | (9,388 | ) |  | $ | 7,595 |
Transfers (to) from the non-controlling interest: |  |  |  |  |  |  |  |  |  |  |  |
Increase / (decrease) in IFMI’s paid in capital for the acquisition / (surrender) of additional units of consolidated subsidiary, net |  |  | 928 |  |  |  | (8 | ) |  |  | — |
Changes from net income/(loss) attributable to IFMI and transfers (to) from non-controlling interest |  | $ | (40 | ) |  | $ | (9,396 | ) |  | $ | 7,595 |

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- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591554-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of the change in common stock outstanding. + References No definition available. + Details
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