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Note 29 - Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2020
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Capital |  |  | Asset |  |  | Principal |  |  | Segment |  |  |  |  |  |  |  |
|  | Markets |  |  | Management |  |  | Investing |  |  | Total |  |  | Unallocated (1) |  |  | Total |
Net trading |  | $ | 73,611 |  |  | $ | - |  |  | $ | - |  |  | $ | 73,611 |  |  | $ | - |  |  | $ | 73,611 |
Asset management |  |  | - |  |  |  | 8,759 |  |  |  | - |  |  |  | 8,759 |  |  |  | - |  |  |  | 8,759 |
New issue and advisory |  |  | 2,234 |  |  |  | - |  |  |  | - |  |  |  | 2,234 |  |  |  | - |  |  |  | 2,234 |
Principal transactions and other income |  |  | 3 |  |  |  | 639 |  |  |  | 44,864 |  |  |  | 45,506 |  |  |  | - |  |  |  | 45,506 |
Total revenues |  |  | 75,848 |  |  |  | 9,398 |  |  |  | 44,864 |  |  |  | 130,110 |  |  |  | - |  |  |  | 130,110 |
Compensation and benefits |  |  | 36,092 |  |  |  | 5,309 |  |  |  | 11,700 |  |  |  | 53,101 |  |  |  | 6,801 |  |  |  | 59,902 |
Other operating expense |  |  | 12,546 |  |  |  | 2,042 |  |  |  | 168 |  |  |  | 14,756 |  |  |  | 5,241 |  |  |  | 19,997 |
Impairment of goodwill |  |  | 7,883 |  |  |  | - |  |  |  | - |  |  |  | 7,883 |  |  |  | - |  |  |  | 7,883 |
Total operating expenses |  |  | 56,521 |  |  |  | 7,351 |  |  |  | 11,868 |  |  |  | 75,740 |  |  |  | 12,042 |  |  |  | 87,782 |
Operating income / (loss) |  |  | 19,327 |  |  |  | 2,047 |  |  |  | 32,996 |  |  |  | 54,370 |  |  |  | (12,042 | ) |  |  | 42,328 |
Interest income (expense) |  |  | (997 | ) |  |  | - |  |  |  | - |  |  |  | (997 | ) |  |  | (8,592 | ) |  |  | (9,589 | )
Income / (loss) from equity method affiliates |  |  | - |  |  |  | 639 |  |  |  | (3,594 | ) |  |  | (2,955 | ) |  |  | - |  |  |  | (2,955 | )
Income / (loss) before income taxes |  |  | 18,330 |  |  |  | 2,686 |  |  |  | 29,402 |  |  |  | 50,418 |  |  |  | (20,634 | ) |  |  | 29,784 |
Income tax expense / (benefit) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (8,669 | ) |  |  | (8,669 | )
Net income / (loss) |  |  | 18,330 |  |  |  | 2,686 |  |  |  | 29,402 |  |  |  | 50,418 |  |  |  | (11,965 | ) |  |  | 38,453 |
Less: Net income / (loss) attributable to the non-controlling interest |  |  | - |  |  |  | 1,408 |  |  |  | 8,640 |  |  |  | 10,048 |  |  |  | 14,200 |  |  |  | 24,248 |
Net income / (loss) attributable to Cohen & Company Inc. |  | $ | 18,330 |  |  | $ | 1,278 |  |  | $ | 20,762 |  |  | $ | 40,370 |  |  | $ | (26,165 | ) |  | $ | 14,205 |
Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization (included in total operating expense) |  | $ | 18 |  |  | $ | 3 |  |  | $ | - |  |  | $ | 21 |  |  | $ | 313 |  |  | $ | 334 |
|  | Capital |  |  | Asset |  |  | Principal |  |  | Segment |  |  |  |  |  |  |  |
|  | Markets |  |  | Management |  |  | Investing |  |  | Total |  |  | Unallocated (1) |  |  | Total |
Net trading |  | $ | 38,172 |  |  | $ | - |  |  | $ | - |  |  | $ | 38,172 |  |  | $ | - |  |  | $ | 38,172 |
Asset management |  |  | - |  |  |  | 7,560 |  |  |  | - |  |  |  | 7,560 |  |  |  | - |  |  |  | 7,560 |
New issue and advisory |  |  | 1,831 |  |  |  | - |  |  |  | - |  |  |  | 1,831 |  |  |  | - |  |  |  | 1,831 |
Principal transactions and other income |  |  | 1 |  |  |  | 530 |  |  |  | 1,572 |  |  |  | 2,103 |  |  |  | - |  |  |  | 2,103 |
Total revenues |  |  | 40,004 |  |  |  | 8,090 |  |  |  | 1,572 |  |  |  | 49,666 |  |  |  | - |  |  |  | 49,666 |
Compensation and benefits |  |  | 18,575 |  |  |  | 4,805 |  |  |  | - |  |  |  | 23,380 |  |  |  | 2,592 |  |  |  | 25,972 |
Other operating expense |  |  | 12,257 |  |  |  | 2,456 |  |  |  | 399 |  |  |  | 15,112 |  |  |  | 4,541 |  |  |  | 19,653 |
Impairment of goodwill |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total operating expenses |  |  | 30,832 |  |  |  | 7,261 |  |  |  | 399 |  |  |  | 38,492 |  |  |  | 7,133 |  |  |  | 45,625 |
Operating income / (loss) |  |  | 9,172 |  |  |  | 829 |  |  |  | 1,173 |  |  |  | 11,174 |  |  |  | (7,133 | ) |  |  | 4,041 |
Interest income (expense) |  |  | (175 | ) |  |  | - |  |  |  | - |  |  |  | (175 | ) |  |  | (7,409 | ) |  |  | (7,584 | )
Income / (loss) from equity method affiliates |  |  | - |  |  |  | - |  |  |  | (553 | ) |  |  | (553 | ) |  |  | - |  |  |  | (553 | )
Income / (loss) before income taxes |  |  | 8,997 |  |  |  | 829 |  |  |  | 620 |  |  |  | 10,446 |  |  |  | (14,542 | ) |  |  | (4,096 | )
Income tax expense / (benefit) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (523 | ) |  |  | (523 | )
Net income / (loss) |  |  | 8,997 |  |  |  | 829 |  |  |  | 620 |  |  |  | 10,446 |  |  |  | (14,019 | ) |  |  | (3,573 | )
Less: Net income / (loss) attributable to the non-controlling interest |  |  | - |  |  |  | - |  |  |  | (288 | ) |  |  | (288 | ) |  |  | (1,231 | ) |  |  | (1,519 | )
Net income / (loss) attributable to Cohen & Company Inc. |  | $ | 8,997 |  |  | $ | 829 |  |  | $ | 908 |  |  | $ | 10,734 |  |  | $ | (12,788 | ) |  | $ | (2,054 | )
Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization (included in total operating expense) |  | $ | 18 |  |  | $ | 3 |  |  | $ | - |  |  | $ | 21 |  |  | $ | 297 |  |  | $ | 318 |
|  | Capital |  |  | Asset |  |  | Principal |  |  | Segment |  |  |  |  |  |  |  |
|  | Markets |  |  | Management |  |  | Investing |  |  | Total |  |  | Unallocated (1) |  |  | Total |
Net trading |  | $ | 29,298 |  |  | $ | - |  |  | $ | - |  |  | $ | 29,298 |  |  | $ | - |  |  | $ | 29,298 |
Asset management |  |  | - |  |  |  | 12,536 |  |  |  | - |  |  |  | 12,536 |  |  |  | - |  |  |  | 12,536 |
New issue and advisory |  |  | 2,979 |  |  |  | - |  |  |  | - |  |  |  | 2,979 |  |  |  | - |  |  |  | 2,979 |
Principal transactions and other income |  |  | 39 |  |  |  | 678 |  |  |  | 3,856 |  |  |  | 4,573 |  |  |  | - |  |  |  | 4,573 |
Total revenues |  |  | 32,316 |  |  |  | 13,214 |  |  |  | 3,856 |  |  |  | 49,386 |  |  |  | - |  |  |  | 49,386 |
Salaries/Wages |  |  | 17,539 |  |  |  | 4,571 |  |  |  | 321 |  |  |  | 22,431 |  |  |  | 2,954 |  |  |  | 25,385 |
Other Operating Expense |  |  | 12,410 |  |  |  | 3,800 |  |  |  | 391 |  |  |  | 16,601 |  |  |  | 3,741 |  |  |  | 20,342 |
Impairment of goodwill |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total operating expenses |  |  | 29,949 |  |  |  | 8,371 |  |  |  | 712 |  |  |  | 39,032 |  |  |  | 6,695 |  |  |  | 45,727 |
Operating income / (loss) |  |  | 2,367 |  |  |  | 4,843 |  |  |  | 3,144 |  |  |  | 10,354 |  |  |  | (6,695 | ) |  |  | 3,659 |
Interest income (expense) |  |  | (236 | ) |  |  | - |  |  |  | - |  |  |  | (236 | ) |  |  | (8,251 | ) |  |  | (8,487 | )
Income / (loss) from equity method affiliates |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Income / (loss) before income taxes |  |  | 2,131 |  |  |  | 4,843 |  |  |  | 3,144 |  |  |  | 10,118 |  |  |  | (14,946 | ) |  |  | (4,828 | )
Income tax expense / (benefit) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (841 | ) |  |  | (841 | )
Net income / (loss) |  |  | 2,131 |  |  |  | 4,843 |  |  |  | 3,144 |  |  |  | 10,118 |  |  |  | (14,105 | ) |  |  | (3,987 | )
Less: Net income / (loss) attributable to the non-controlling interest |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,524 | ) |  |  | (1,524 | )
Net income / (loss) attributable to Cohen & Company Inc. |  | $ | 2,131 |  |  | $ | 4,843 |  |  | $ | 3,144 |  |  | $ | 10,118 |  |  | $ | (12,581 | ) |  | $ | (2,463 | )
Other statement of operations data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization (included in total operating expense) |  | $ | 48 |  |  | $ | 4 |  |  | $ | - |  |  | $ | 52 |  |  | $ | 209 |  |  | $ | 261 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | Capital |  |  | Asset |  |  | Principal |  |  | Segment |  |  |  |  |  |  |  |
|  | Markets |  |  | Management |  |  | Investing |  |  | Total |  |  | Unallocated (1) |  |  | Total |
Total Assets |  | $ | 6,049,599 |  |  | $ | 1,540 |  |  | $ | 72,292 |  |  | $ | 6,123,431 |  |  | $ | 25,948 |  |  | $ | 6,149,379 |
Included within total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity method affiliates |  | $ | - |  |  | $ | - |  |  | $ | 13,482 |  |  | $ | 13,482 |  |  | $ | - |  |  | $ | 13,482 |
Goodwill (2) |  | $ | 54 |  |  | $ | 55 |  |  | $ | - |  |  | $ | 109 |  |  | $ | - |  |  | $ | 109 |
Intangible assets (2) |  | $ | 166 |  |  | $ | - |  |  | $ | - |  |  | $ | 166 |  |  | $ | - |  |  | $ | 166 |
|  | Capital |  |  | Asset |  |  | Principal |  |  | Segment |  |  |  |  |  |  |  |
|  | Markets |  |  | Management |  |  | Investing |  |  | Total |  |  | Unallocated (1) |  |  | Total |
Total Assets |  | $ | 7,968,491 |  |  | $ | 1,616 |  |  | $ | 18,689 |  |  | $ | 7,988,796 |  |  | $ | 12,828 |  |  | $ | 8,001,624 |
Included within total assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity method affiliates |  | $ | - |  |  | $ | - |  |  | $ | 3,799 |  |  | $ | 3,799 |  |  | $ | - |  |  | $ | 3,799 |
Goodwill (2) |  | $ | 7,937 |  |  | $ | 55 |  |  | $ | - |  |  | $ | 7,992 |  |  | $ | - |  |  | $ | 7,992 |
Intangible assets (2) |  | $ | 166 |  |  | $ | - |  |  | $ | - |  |  | $ | 166 |  |  | $ | - |  |  | $ | 166 |
Revenue from External Customers by Geographic Areas [Table Text Block] |
|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Total Revenues: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 125,067 |  |  | $ | 43,772 |  |  | $ | 43,309 |
United Kingdom & Other |  |  | 5,043 |  |  |  | 5,894 |  |  |  | 6,077 |
Total |  | $ | 130,110 |  |  | $ | 49,666 |  |  | $ | 49,386 |

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