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Equity-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Equity-Based Compensation Included In Compensation And Benefits |
EQUITY-BASED COMPENSATION INCLUDED IN COMPENSATION AND BENEFITS
(Dollars in Thousands)
|  | For the year ended December 31,
|  | 2015 |  | 2014 |  | 2013
Equity based compensation expense |  | $ | 1,189 |  | $ | 1,319 |  | $ | 1,947
Non-equity based compensation expense |  |  | 26,839 |  |  | 28,445 |  |  | 45,220
Total compensation and benefits |  | $ | 28,028 |  | $ | 29,764 |  | $ | 47,167
Period Costs by Plan Name or Instrument |
DETAIL OF EQUITY BASED COMPENSATION BY PLAN
|  | For the year ended December 31,
|  | 2015 |  | 2014 |  | 2013
Operating LLC Units - JVB Acquisition |  | $ | - |  | $ | 32 |  | $ | 911
Restricted Stock or Units - 2006/2010 Plans |  |  | 440 |  |  | 538 |  |  | 905
Options - 2010 Plan |  |  | 749 |  |  | 749 |  |  | 114
Restricted PrinceRidge units (1) |  |  | - |  |  | - |  |  | 17
Total equity based compensation expense |  | $ | 1,189 |  | $ | 1,319 |  | $ | 1,947
| (1) |  | Relates to the issuance of restricted PrinceRidge units to certain investment banking professionals and executives of Prin ceRidge. Also, in 2013, amounts include $44 of expense related to PrinceRidge restricted units grants accounted for as a liability instead of equity. As of December 31, 2015 and 2014, there were no restricted PrinceRidge units outstanding.
Stock Options, Activity |
STOCK OPTIONS - SERVICE BASED VESTING
|  | Number of Options |  | Weighted Average Exercise Price |  | Weighted average grant date fair value |  | Weighted Average Remaining Contractual Term (in years)
Balance at January 1, 2014 |  |  | 3,000,000 |  | $ | 4.00 |  |  | $ 0.70 |  |  |
Granted |  |  | 278,571 |  |  | 4.00 |  |  | $ 0.70 |  |  |
Exercised |  |  | - |  |  | - |  |  |  |  |  |
Forfeited |  |  | (85,714) |  |  | 4.00 |  |  | $ 0.70 |  |  |
Balance at December 31, 2014 |  |  | 3,192,857 |  |  | 4.00 |  |  | $ 0.70 |  |  |
Granted |  |  | - |  |  | - |  |  |  |  |  |
Exercised |  |  | - |  |  | - |  |  |  |  |  |
Forfeited |  |  | - |  |  | - |  |  | $ 0.70 |  |  |
Balance at December 31, 2015 |  |  | 3,192,857 |  | $ | 4.00 |  |  | $ 0.70 |  |  | 2.9
Exercisable at December 31, 2015 |  |  | 1,526,189 |  | $ | 4.44 |  |  |  |  |  |
Service Based Vesting [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Restricted Stock and Restricted Stock Units Activity |
RESTRICTED STOCK AND RESTRICTED UNITS - SERVICE BASED VESTING
|  | Number of Shares of Restricted Stock |  | Weighted average grant date fair value |  | Number of Restricted Units |  | Weighted average grant date fair value
Unvested at January 1, 2013 |  |  | 427,057 |  | $ | 1.87 |  |  | 172,585 |  | $ | 1.92
Granted |  |  | 408,079 |  |  | 1.98 |  |  | - |  |  | -
Vested |  |  | (522,008) |  |  | 1.62 |  |  | (40,135) |  |  | 3.26
Forfeited |  |  | (1,828) |  |  | 4.89 |  |  | - |  |  | -
Unvested at December 31, 2013 |  |  | 311,300 |  |  | 2.42 |  |  | 132,450 |  |  | 1.51
Granted |  |  | 158,438 |  |  | 2.43 |  |  | - |  |  | -
Vested |  |  | (311,300) |  |  | 2.42 |  |  | (132,450) |  |  | 1.51
Unvested at December 31, 2014 |  |  | 158,438 |  |  | 2.43 |  |  | - |  |  | -
Granted |  |  | 333,334 |  |  | 1.65 |  |  | - |  |  | -
Vested |  |  | (176,338) |  |  | 1.65 |  |  | - |  |  | -
Unvested at December 31, 2015 |  |  | 315,434 |  | $ | 1.65 |  |  | - |  | $ | -
Performance and Service Based Vesting [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Restricted Stock and Restricted Stock Units Activity |
RESTRICTED STOCK AND RESTRICTED UNITS - PERFORMANCE AND SERVICE BASED VESTING
|  | Number of Shares of Restricted Stock |  | Weighted average grant date fair value |  | Number of Restricted Units (1) |  | Weighted average grant date fair value
Unvested at January 1, 2013 |  |  | 330,769 |  | $ | 4.34 |  |  | 500,000 |  | $ | -
Granted |  |  | - |  |  | - |  |  | 50,000 |  |  | 2.42
Vested |  |  | (127,788) |  |  | 4.34 |  |  | (50,000) |  |  | 2.42
Forfeited |  |  | (103,155) |  |  | 4.89 |  |  | - |  |  | -
Unvested at December 31, 2013 |  |  | 99,826 |  |  | 3.78 |  |  | 500,000 |  | $ | -
Granted |  |  | - |  |  | - |  |  | - |  |  | -
Vested |  |  | (67,568) |  |  | 4.89 |  |  | - |  |  | -
Forfeited |  |  | (32,258) |  |  | 1.47 |  |  | - |  |  | -
Unvested at December 31, 2014 |  |  | - |  |  | - |  |  | 500,000 |  | $ | -
Granted |  |  | 32,258 |  |  | 1.75 |  |  | - |  |  | -
Vested |  |  | - |  |  | - |  |  | - |  |  | -
Forfeited |  |  | (32,258) |  |  | 1.75 |  |  | - |  |  | -
Unvested at December 31, 2015 |  |  | - |  | $ |  |  |  | 500,000 |  | $ | -
(1)During the first quarter of 2012, the Company issued 500,000 restricted units of Common Stock to a non-employee. FASB ASC 505-50 requires that an equity instrument issued to a non-employee should be measured by using the stock price and other measurement assumptions as of the earlier of the date at which either (i) a commitment for performance by the counterparty has been reached or (2) the counterparty’s performance is complete. In accordance with FASB ASC 505-50, the Company will not accrue any expense until the actual vesting date occurs.

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