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Segment and Geographic Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment and Geographic Information [Abstract]

Schedule Of Segment Reporting Information

SEGMENT INFORMATION
Statement of Operations Information
Nine Months Ended September 30, 2013
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Net trading		$	32,513		$	-		$	-		$	32,513		$	-		$	32,513
Asset management			-			13,561			-			13,561			-			13,561
New issue and advisory			5,259			-			-			5,259			-			5,259
Principal transactions and other income			176			1,134			(6,797)			(5,487)			-			(5,487)
Total revenues			37,948			14,695			(6,797)			45,846			-			45,846
Total operating expenses			41,784			8,084			239			50,107			9,879			59,986
Operating income / (loss)			(3,836)			6,611			(7,036)			(4,261)			(9,879)			(14,140)
Income / (loss) from equity method affiliates			-			433			1,282			1,715			-			1,715
Other non-operating income / (expense)			(164)			(8)			-			(172)			(2,939)			(3,111)
Income / (loss) before income taxes			(4,000)			7,036			(5,754)			(2,718)			(12,818)			(15,536)
Income tax expense / (benefit)			(78)			-			-			(78)			(1,683)			(1,761)
Net income / (loss)			(3,922)			7,036			(5,754)			(2,640)			(11,135)			(13,775)
Less: Net income / (loss) attributable to the
non-controlling interest			(8)			-			-			(8)			(4,461)			(4,469)
Net income / (loss) attributable to IFMI		$	(3,914)		$	7,036		$	(5,754)		$	(2,632)		$	(6,674)		$	(9,306)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)		$	592		$	225		$	-		$	817		$	219		$	1,036

SEGMENT INFORMATION
Statement of Operations Information
Nine Months Ended September 30, 2012
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Net trading		$	51,311		$	-		$	-		$	51,311		$	-		$	51,311
Asset management			-			18,010			-			18,010			-			18,010
New issue and advisory			4,024			-			-			4,024			(1,000)			3,024
Principal transactions and other income			68			728			(1,278)			(482)			-			(482)
Total revenues			55,403			18,738			(1,278)			72,863			(1,000)			71,863
Total operating expenses			56,793			6,995			592			64,380			8,700			73,080
Operating income / (loss)			(1,390)			11,743			(1,870)			8,483			(9,700)			(1,217)
Income / (loss) from equity method affiliates			-			1,173			1,516			2,689			-			2,689
Other non-operating income / (expense)			(3,974)			-			-			(3,974)			(3,484)			(7,458)
Income / (loss) before income taxes			(5,364)			12,916			(354)			7,198			(13,184)			(5,986)
Income tax expense / (benefit)			-			-			-			-			108			108
Net income / (loss)			(5,364)			12,916			(354)			7,198			(13,292)			(6,094)
Less: Net income / (loss) attributable to the
non-controlling interest			(249)			-			-			(249)			(1,916)			(2,165)
Net income / (loss) attributable to IFMI		$	(5,115)		$	12,916		$	(354)		$	7,447		$	(11,376)		$	(3,929)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)		$	658		$	10		$	-		$	668		$	355		$	1,023

SEGMENT INFORMATION
Statement of Operations Information
Three Months Ended September 30, 2013
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Net trading		$	7,824		$	-		$	-		$	7,824		$	-		$	7,824
Asset management			-			4,644			-			4,644			-			4,644
New issue and advisory			3,692			-			-			3,692			-			3,692
Principal transactions and other income			32			236			1,658			1,926			-			1,926
Total revenues			11,548			4,880			1,658			18,086			-			18,086
Total operating expenses			13,248			2,471			77			15,796			3,460			19,256
Operating income / (loss)			(1,700)			2,409			1,581			2,290			(3,460)			(1,170)
Income / (loss) from equity method affiliates			-			101			-			101			-			101
Other non-operating income / (expense)			(55)			(1)			-			(56)			(991)			(1,047)
Income / (loss) before income taxes			(1,755)			2,509			1,581			2,335			(4,451)			(2,116)
Income tax expense / (benefit)			(37)			-			-			(37)			(1,770)			(1,807)
Net income / (loss)			(1,718)			2,509			1,581			2,372			(2,681)			(309)
Less: Net income / (loss) attributable to the
non-controlling interest			7			-			-			7			(212)			(205)
Net income / (loss) attributable to IFMI		$	(1,725)		$	2,509		$	1,581		$	2,365		$	(2,469)		$	(104)
Other statement of operations data
Depreciation and amortization (included in
total operating expense)		$	202		$	93		$	-		$	295		$	72		$	367

SEGMENT INFORMATION
Statement of Operations Information
Three Months Ended September 30, 2012
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Net trading		$	13,669		$	-		$	-		$	13,669		$	-		$	13,669
Asset management			-			8,465			-			8,465			-			8,465
New issue and advisory			2,758			-			-			2,758			(1,000)			1,758
Principal transactions and other income			102			335			3,737			4,174			-			4,174
Total revenues			16,529			8,800			3,737			29,066			(1,000)			28,066
Total operating expenses			19,117			4,153			436			23,706			1,204			24,910
Operating income / (loss)			(2,588)			4,647			3,301			5,360			(2,204)			3,156
Income / (loss) from equity method affiliates			-			475			172			647			-			647
Other non-operating income / (expense)			250			-			-			250			(1,035)			(785)
Income / (loss) before income taxes			(2,338)			5,122			3,473			6,257			(3,239)			3,018
Income tax expense / (benefit)			-			-			-			-			54			54
Net income / (loss)			(2,338)			5,122			3,473			6,257			(3,293)			2,964
Less: Net income / (loss) attributable to the
non-controlling interest			(11)			-			-			(11)			967			956
Net income / (loss) attributable to IFMI		$	(2,327)		$	5,122		$	3,473		$	6,268		$	(4,260)		$	2,008
Other statement of operations data
Depreciation and amortization (included in
total operating expense)		$	206		$	3		$	-		$	209		$	80		$	289

(1) Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on corporate debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the Chief Operating Decision Maker. During the third quarter of 2012, PrinceRidge (capital markets segment) entered into an intercompany engagement with CCFL (asset management segment). This intercompany transaction was eliminated in the unallocated segment

Reconciliation Of Assets From Segment To Consolidated

Balance Sheet Data
As of September 30, 2013
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Total Assets		$	226,490		$	7,839		$	29,026		$	263,355		$	10,591		$	273,946
Included within total assets:
Investment in equity method affiliates		$	-		$	25		$	17		$	42		$	-		$	42
Goodwill (2)		$	7,937		$	3,176		$	-		$	11,113		$	-		$	11,113
Intangible assets (2)		$	332		$	227		$	-		$	559		$	-		$	559

Balance Sheet Data
As of September 30, 2012
		Capital			Asset			Principal			Segment			Unallocated
		Markets			Management			Investing			Total			(1)			Total
Total Assets		$	383,283		$	6,597		$	44,966		$	434,846		$	12,756		$	447,602
Included within total assets:
Investment in equity method affiliates		$	-		$	513		$	5,497		$	6,010		$	-		$	6,010
Goodwill (2)		$	7,937		$	3,176		$	-		$	11,113		$	-		$	11,113
Intangible assets (2)		$	372		$	-		$	-		$	372		$	-		$	372

(1) Unallocated assets primarily include (1) amounts due from related parties; (2) furniture and equipment, net; and (3) other assets that are not considered necessary for an understanding of business segment assets and such amounts are excluded in business segment reporting to the Chief Operating Decision Maker.

(2) Goodwill and intangible assets as of September 30, 2013 and 2012 are allocated to the Capital Markets and Asset Management business segments as indicated in the table from above.

Revenue By Geographic Area

GEOGRAPHIC DATA
(Dollars in Thousands)
	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Total Revenues:
United States	$	15,670		$	22,750		$	36,879		$	60,253
United Kingdom & Other		1,659			5,316			7,155			11,610
Asia		757			-			1,812			-
Total	$	18,086		$	28,066		$	45,846		$	71,863

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