XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Segment And Geographic Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
Segment And Geographic Information [Abstract] |
Schedule Of Segment Reporting Information |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿SEGMENT INFORMATION
﻿Statement of Operations Information
﻿Nine Months Ended September 30, 2018
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Net trading |  | $ | 20,193 |  | $ | - |  | $ | - |  | $ | 20,193 |  | $ | - |  | $ | 20,193
﻿Asset management |  |  | - |  |  | 7,827 |  |  | - |  |  | 7,827 |  |  | - |  |  | 7,827
﻿New issue and advisory |  |  | 873 |  |  | - |  |  | - |  |  | 873 |  |  | - |  |  | 873
﻿Principal transactions and other income |  |  | 33 |  |  | 538 |  |  | 4,301 |  |  | 4,872 |  |  | - |  |  | 4,872
﻿ Total revenues |  |  | 21,099 |  |  | 8,365 |  |  | 4,301 |  |  | 33,765 |  |  | - |  |  | 33,765
﻿ Total operating expenses |  |  | 21,171 |  |  | 5,437 |  |  | 612 |  |  | 27,220 |  |  | 5,174 |  |  | 32,394
﻿ Operating income (loss) |  |  | (72) |  |  | 2,928 |  |  | 3,689 |  |  | 6,545 |  |  | (5,174) |  |  | 1,371
﻿Interest expense |  |  | (170) |  |  | (33) |  |  | - |  |  | (203) |  |  | (6,002) |  |  | (6,205)
﻿ Income (loss) before income taxes |  |  | (242) |  |  | 2,895 |  |  | 3,689 |  |  | 6,342 |  |  | (11,176) |  |  | (4,834)
﻿Income tax expense (benefit) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,259) |  |  | (1,259)
﻿Net income (loss) |  |  | (242) |  |  | 2,895 |  |  | 3,689 |  |  | 6,342 |  |  | (9,917) |  |  | (3,575)
﻿Less: Net income (loss) attributable to the non-controlling interest |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,530) |  |  | (1,530)
﻿Net income (loss) attributable to Cohen & Company Inc. |  | $ | (242) |  | $ | 2,895 |  | $ | 3,689 |  | $ | 6,342 |  | $ | (8,387) |  | $ | (2,045)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization (included in total operating expense) |  | $ | 39 |  | $ | 3 |  | $ | - |  | $ | 42 |  | $ | 134 |  | $ | 176
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ ﻿
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿SEGMENT INFORMATION
﻿Statement of Operations Information
﻿Nine Months Ended September 30, 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Net trading |  | $ | 20,158 |  | $ | - |  | $ | - |  | $ | 20,158 |  | $ | - |  | $ | 20,158
﻿Asset management |  |  | - |  |  | 6,202 |  |  | - |  |  | 6,202 |  |  | - |  |  | 6,202
﻿New issue and advisory |  |  | 3,992 |  |  | - |  |  | - |  |  | 3,992 |  |  | - |  |  | 3,992
﻿Principal transactions and other income |  |  | 4 |  |  | 4,995 |  |  | 516 |  |  | 5,515 |  |  | - |  |  | 5,515
﻿ Total revenues |  |  | 24,154 |  |  | 11,197 |  |  | 516 |  |  | 35,867 |  |  | - |  |  | 35,867
﻿ Total operating expenses |  |  | 20,576 |  |  | 3,521 |  |  | 286 |  |  | 24,383 |  |  | 6,181 |  |  | 30,564
﻿ Operating income (loss) |  |  | 3,578 |  |  | 7,676 |  |  | 230 |  |  | 11,484 |  |  | (6,181) |  |  | 5,303
﻿Interest expense |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (4,330) |  |  | (4,330)
﻿ Income (loss) before income taxes |  |  | 3,578 |  |  | 7,676 |  |  | 230 |  |  | 11,484 |  |  | (10,511) |  |  | 973
﻿Income tax expense (benefit) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 148 |  |  | 148
﻿Net income (loss) |  |  | 3,578 |  |  | 7,676 |  |  | 230 |  |  | 11,484 |  |  | (10,659) |  |  | 825
﻿Less: Net income (loss) attributable to the non-controlling interest |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 274 |  |  | 274
﻿Net income (loss) attributable to Cohen & Company Inc. |  | $ | 3,578 |  | $ | 7,676 |  | $ | 230 |  | $ | 11,484 |  | $ | (10,933) |  | $ | 551
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Depreciation and amortization (included in total operating expense) |  | $ | 51 |  | $ | 3 |  | $ | - |  | $ | 54 |  | $ | 133 |  | $ | 187
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿SEGMENT INFORMATION
﻿Statement of Operations Information
﻿Three Months Ended September 30, 2018
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Net trading |  | $ | 6,816 |  | $ | - |  | $ | - |  | $ | 6,816 |  | $ | - |  | $ | 6,816
﻿Asset management |  |  | - |  |  | 2,818 |  |  | - |  |  | 2,818 |  |  | - |  |  | 2,818
﻿New issue and advisory |  |  | - |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
﻿Principal transactions and other income |  |  | 17 |  |  | 152 |  |  | 2,434 |  |  | 2,603 |  |  | - |  |  | 2,603
﻿ Total revenues |  |  | 6,833 |  |  | 2,970 |  |  | 2,434 |  |  | 12,237 |  |  | - |  |  | 12,237
﻿ Total operating expenses |  |  | 7,543 |  |  | 2,017 |  |  | 420 |  |  | 9,980 |  |  | 1,901 |  |  | 11,881
﻿ Operating income (loss) |  |  | (710) |  |  | 953 |  |  | 2,014 |  |  | 2,257 |  |  | (1,901) |  |  | 356
﻿Interest expense |  |  | (99) |  |  | (33) |  |  | - |  |  | (132) |  |  | (2,053) |  |  | (2,185)
﻿ Income (loss) before income taxes |  |  | (809) |  |  | 920 |  |  | 2,014 |  |  | 2,125 |  |  | (3,954) |  |  | (1,829)
﻿Income tax expense (benefit) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (595) |  |  | (595)
﻿Net income (loss) |  |  | (809) |  |  | 920 |  |  | 2,014 |  |  | 2,125 |  |  | (3,359) |  |  | (1,234)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Less: Net income (loss) attributable to the non-controlling interest |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (583) |  |  | (583)
﻿Net income (loss) attributable to Cohen & Company Inc. |  | $ | (809) |  | $ | 920 |  | $ | 2,014 |  | $ | 2,125 |  | $ | (2,776) |  | $ | (651)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Depreciation and amortization (included in total operating expense) |  | $ | 9 |  | $ | 1 |  | $ | - |  | $ | 10 |  | $ | 53 |  | $ | 63
﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿SEGMENT INFORMATION
﻿Statement of Operations Information
﻿Three Months Ended September 30, 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Net trading |  | $ | 5,988 |  | $ | - |  | $ | - |  | $ | 5,988 |  | $ | - |  | $ | 5,988
﻿Asset management |  |  | - |  |  | 1,779 |  |  | - |  |  | 1,779 |  |  | - |  |  | 1,779
﻿New issue and advisory |  |  | 2,012 |  |  | - |  |  | - |  |  | 2,012 |  |  | - |  |  | 2,012
﻿Principal transactions and other income |  |  | (2) |  |  | 230 |  |  | (6) |  |  | 222 |  |  | - |  |  | 222
﻿ Total revenues |  |  | 7,998 |  |  | 2,009 |  |  | (6) |  |  | 10,001 |  |  | - |  |  | 10,001
﻿ Total operating expenses |  |  | 6,053 |  |  | 1,042 |  |  | 95 |  |  | 7,190 |  |  | 1,822 |  |  | 9,012
﻿ Operating income (loss) |  |  | 1,945 |  |  | 967 |  |  | (101) |  |  | 2,811 |  |  | (1,822) |  |  | 989
﻿Interest expense |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,606) |  |  | (1,606)
﻿ Income (loss) before income taxes |  |  | 1,945 |  |  | 967 |  |  | (101) |  |  | 2,811 |  |  | (3,428) |  |  | (617)
﻿Income tax expense (benefit) |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 141 |  |  | 141
﻿Net income (loss) |  |  | 1,945 |  |  | 967 |  |  | (101) |  |  | 2,811 |  |  | (3,569) |  |  | (758)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Less: Net income (loss) attributable to the non-controlling interest |  |  | - |  |  | - |  |  | - |  |  | - |  |  | (211) |  |  | (211)
﻿Net income (loss) attributable to Cohen & Company Inc. |  | $ | 1,945 |  | $ | 967 |  | $ | (101) |  | $ | 2,811 |  | $ | (3,358) |  | $ | (547)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Depreciation and amortization (included in total operating expense) |  | $ | 16 |  | $ | 1 |  | $ | - |  | $ | 17 |  | $ | 43 |  | $ | 60
﻿ ﻿
| (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 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.
﻿
Reconciliation Of Assets From Segment To Consolidated | ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿BALANCE SHEET DATA
﻿As of September 30, 2018
﻿(Dollars in Thousands)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Total Assets |  | $ | 4,782,543 |  | $ | 3,153 |  | $ | 30,063 |  | $ | 4,815,759 |  | $ | 4,533 |  | $ | 4,820,292
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Included within total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Goodwill (2) |  | $ | 7,937 |  | $ | 55 |  | $ | - |  | $ | 7,992 |  | $ | - |  | $ | 7,992
﻿ Intangible assets (2) |  | $ | 166 |  | $ | - |  | $ | - |  | $ | 166 |  | $ | - |  | $ | 166
﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿BALANCE SHEET DATA
﻿December 31, 2017
﻿(Dollars in Thousands)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Capital |  | Asset |  | Principal |  | Segment |  | Unallocated |  |  |
﻿ |  | Markets |  | Management |  | Investing |  | Total |  | (1) |  | Total
﻿Total Assets |  | $ | 2,014,061 |  | $ | 3,155 |  | $ | 12,867 |  | $ | 2,030,083 |  | $ | 6,175 |  | $ | 2,036,258
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Included within total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿ Goodwill (2) |  | $ | 7,937 |  | $ | 55 |  | $ | - |  | $ | 7,992 |  | $ | - |  | $ | 7,992
﻿ Intangible assets (2) |  | $ | 166 |  | $ | - |  | $ | - |  | $ | 166 |  | $ | - |  | $ | 166
﻿ (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. Such amounts are excluded in business segment reporting to the chief operating decision maker. (2)Goodwill and intangible assets are allocated to the Capital Markets and Asset Management business segments as indicated in the table above.
Revenue By Geographic Area |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿GEOGRAPHIC DATA
﻿(Dollars in Thousands)
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Three Months Ended September 30, |  | Nine Months Ended September 30,
﻿ | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Total Revenues: |  |  |  |  |  |  |  |  |  |  |
﻿United States | $ | 10,406 |  | $ | 7,604 |  | $ | 28,461 |  | $ | 29,499
﻿United Kingdom & Other |  | 1,831 |  |  | 2,397 |  |  | 5,304 |  |  | 6,368
﻿ Total | $ | 12,237 |  | $ | 10,001 |  | $ | 33,765 |  | $ | 35,867
﻿

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration