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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME / (LOSS) (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues      
Net trading $ 69,486 $ 73,167 $ 70,809
Asset management 23,172 21,698 25,281
New issue and advisory 5,021 3,585 3,778
Principal transactions and other income (2,439) 1,881 25,684
Total revenues 95,240 100,331 125,552
Operating expenses      
Compensation and benefits 62,951 78,227 77,446
Business development, occupancy, equipment 5,795 6,565 5,470
Subscriptions, clearing, and execution 11,446 12,025 8,734
Professional fees and other operating 13,448 19,441 17,197
Depreciation and amortization 1,305 2,238 2,356
Impairment of goodwill 0 0 5,607
Total operating expenses 94,945 118,496 116,810
Operating income / (loss) 295 (18,165) 8,742
Non operating income / (expense)      
Interest expense, net (3,732) (5,976) (7,686)
Gain on repurchase of debt 86 33 2,555
Other income / (expense) (4,357)   971
Income / (loss) from equity method affiliates 5,052 6,232 5,884
Income / (loss) before income tax expense / (benefit) (2,656) (17,876) 10,466
Income tax expense / (benefit) (615) (1,149) (749)
Net income / (loss) (2,041) (16,727) 11,215
Less: Net income/(loss) attributable to the non-controlling interest (1,073) (7,339) 3,620
Net income / (loss) (968) (9,388) 7,595
Income / (loss) per common share - basic:      
Income / (loss) per common share $ (0.09) $ (0.88) $ 0.73
Weighted average shares outstanding - basic 10,732,723 10,631,935 10,404,017
Income / (loss) per common share - diluted:      
Income / (loss) per common share $ (0.09) $ (0.88) $ 0.73
Weighted average shares outstanding - diluted 15,984,921 15,901,258 15,687,573
Dividends declared per common share $ 0.08 $ 0.20 $ 0.10
Comprehensive income / (loss):      
Net income / (loss) (2,041) (16,727) 11,215
Other comprehensive income / (loss) item:      
Foreign currency translation adjustments, net of tax of $0 216 62 (126)
Other comprehensive income / (loss), net of tax of $0 216 62 (126)
Comprehensive income (1,825) (16,665) 11,089
Less: comprehensive income (loss) attributable to the non-controlling interest (1,011) (7,320) 3,577
Comprehensive income / (loss) attributable to IFMI $ (814) $ (9,345) $ 7,512