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Acquisitions And Private Investment In IFMI (Schedule Of Business Acquisitions) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2013
Star Asia Manager [Member]
Dec. 31, 2011
JVB Holdings [Member]
Dec. 31, 2010
JVB Holdings [Member]
Dec. 31, 2012
PrinceRidge [Member]
Dec. 31, 2011
PrinceRidge [Member]
Business Acquisition [Line Items]              
Cash and cash equivalents     $ 1,104   $ 91   $ 2,149
Receivables     253   100   9,382
Other receivables             1,815
Securites         31,935   42,407
Receivables under resale agreements             158,688
Other assets     150   1,077 [1],[2]   4,730
Accrued compensation             (1,725)
Payables to brokers, dealers and clearing agencies         (17,655)    
Accounts payable and other liabilities     (55)   (1,221)   (2,877)
Trading securities sold, not yet purchased         (4,497)   (38,605)
Securities sold under agreement to repurchase             (158,620)
Fair value of net assets acquired     1,452   9,830   17,344
Purchase price     1,855 [3] 16,813 16,813   18,409
Excess of purchase price over net fair value             1,065
Intangible Asset     (403) [4]       (166)
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life     1 year 3 months 18 days        
Goodwill 11,113 [5] 11,113 [5]     6,983 [2],[6] 899 899
Goodwill, Allocation Adjustment       $ 30   $ (93)  
[1] Other assets are comprised of a purchase accounting adjustment of $166, which represents the estimated value of the broker-dealer license. The intangible asset of $166 related to the broker-dealer license was allocated to the Capital Markets business segment
[2] During the measurement period, which ended on January 13, 2012, an adjustment of $30 reducing the fair value of the assets acquired was made with a corresponding adjustment to increase goodwill by $30.
[3] The purchase price represents the cash paid to Mercury of $425; the note payable to Mercury of $725; and the Company’s equity method investment immediately prior to the Star Asia Manager Repurchase Transaction. For purposes of the provisional amounts, the Company has assumed the carrying value of the Company’s equity method investment immediately prior to the Star Asia Manager Repurchase Transaction approximated fair value. As with all provisional purchase accounting amounts, this is subject to adjustment during the measurement period.
[4] For purposes of the provisional purchase accounting, the Company determined that the excess of the purchase price over the net fair value of tangible assets acquired should entirely be allocated to an intangible asset representing the value of Star Asia Manager’s investment management contract with Star Asia. The Company treated the estimated value as an intangible asset with a finite life. The Company will amortize the intangible asset using the straight-line method over the estimated economic life of the asset of 1.3 years. The intangible asset was allocated to the Asset Management business segment. See note 27. As with all provisional purchase accounting amounts, this is subject to adjustment during the measurement period.
[5] Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table from above.
[6] Goodwill recognized as of the acquisition date was allocated to the Capital Markets business segment.