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Consolidated Statements of Operations and Comprehensive Income / (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Net trading $ 69,385 $ 73,611 $ 38,172
Principal transactions and other income 37,324 45,506 2,103
Total revenue 146,368 130,110 49,666
Operating expenses      
Compensation and benefits 85,048 59,902 25,972
Business development, occupancy, equipment 3,365 2,708 3,402
Subscriptions, clearing, and execution 10,307 9,887 9,682
Professional fee and other operating 7,684 7,068 6,251
Depreciation and amortization 371 334 318
Impairment of goodwill 0 7,883 0
Total operating expenses 106,775 87,782 45,625
Operating income 39,593 42,328 4,041
Non-operating income / (expense)      
Interest expense, net (7,233) (9,589) (7,584)
Income/(loss) from equity method affiliates 36,010 (2,955) (553)
Other non-operating income 2,127 0 0
Income / (loss) before income tax expense / (benefit) 70,497 29,784 (4,096)
Income tax (benefit) (1,614) (8,669) (523)
Net income / (loss) 72,111 38,453 (3,573)
Less: Net income / (loss) attributable to the non-controlling interest 60,829 24,248 (1,519)
Net income / (loss) attributable to Cohen & Company Inc. $ 11,282 $ 14,205 $ (2,054)
Income / (loss) per common share-basic:      
Basic income / (loss) per common share (in dollars per share) $ 9.50 $ 12.56 $ (1.81)
Weighted average shares outstanding-basic (in shares) 1,187,029 1,131,085 1,136,574
Income / (loss) per common share-diluted:      
Diluted Income / (loss) per common share (in dollars per share) [1] $ 7.48 $ 7.66 $ (1.81)
Weighted average shares outstanding-diluted (in shares) 5,284,925 5,091,087 1,681,173
Dividends declared per common share (in dollars per share) $ 0.50 $ 0 $ 0.40
Comprehensive income / (loss):      
Net income / (loss) $ 72,111 $ 38,453 $ (3,573)
Other comprehensive income / (loss) item:      
Foreign currency translation adjustments, net of tax of $0 (377) 138 (2)
Other comprehensive income / (loss), net of tax of $0 (377) 138 (2)
Comprehensive income / (loss) 71,734 38,591 (3,575)
Less: comprehensive income / (loss) attributable to the non-controlling interest 60,526 24,351 (1,518)
Comprehensive income / (loss) attributable to Cohen & Company Inc. 11,208 14,240 (2,057)
Asset Management [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax, Total 10,923 8,759 7,560
New Issue and Advisory [Member]      
Revenues      
Revenue from Contract with Customer, Excluding Assessed Tax, Total $ 28,736 $ 2,234 $ 1,831
[1] Potentially diluted securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows: