XML 23 R112.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:                      
Interest                 $ 55,595 $ 51,851 $ 40,651
Total revenues 106,049 107,070 143,642 132,941 184,562 124,616 137,510 118,373 489,702 565,061 486,881
Interest expense 6,829 8,894 7,693 8,161 8,190 8,153 9,857 8,787 31,577 34,987 18,091
Net revenues 99,220 98,176 135,949 124,780 176,372 116,463 127,653 109,586 458,125 530,074 468,790
Expenses:                      
Total expenses 217,869 [1] 97,876 118,815 113,246 153,210 103,173 115,892 100,515 547,806 472,790 412,178
Income/(loss) before income tax expense/(benefit) and equity in undistributed income of subsidiaries (118,649) 300 17,134 11,534 23,162 13,290 11,761 9,071 (89,681) 57,284 56,612
Income tax expense/(benefit) (2,902) 3,676 5,987 4,115 13,727 6,524 4,458 8,645 10,876 33,354 26,183
Net income/(loss) (115,747) (3,376) 11,147 7,419 9,435 6,766 7,303 426 (100,557) 23,930 30,429
Net income/(loss) applicable to Piper Jaffray Companies (116,364) (3,583) 10,694 7,233 9,420 7,054 7,378 510 (102,020) 24,362 30,369
Parent Company
                     
Revenues:                      
Dividends from subsidiaries                 80,483 201,000  
Interest                 31 194 4
Unrealized loss on investments                     (57)
Total revenues                 80,514 201,194 (53)
Interest expense                 5,392 5,451  
Net revenues                 75,122 195,743 (53)
Expenses:                      
Total expenses                 13,044 4,710 5,336
Income/(loss) before income tax expense/(benefit) and equity in undistributed income of subsidiaries                 62,078 191,033 (5,389)
Income tax expense/(benefit)                 (3,128) 112,404 (2,101)
Net income/(loss)                 65,206 78,629 (3,288)
Equity in undistributed/(distributed in excess of) income of subsidiaries                 (167,226) (54,267) 33,657
Net income/(loss) applicable to Piper Jaffray Companies                 $ (102,020) $ 24,362 $ 30,369
[1] Includes a $120.3 million goodwill impairment charge.