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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



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