Condensed Statements of Operations (Detail) (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | 12 Months Ended | ||||||||||||
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Dec. 31, 2011
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Sep. 30, 2011
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Jun. 30, 2011
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Mar. 31, 2011
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Dec. 31, 2010
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Sep. 30, 2010
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Jun. 30, 2010
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Mar. 31, 2010
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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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
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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 | |||||||||||
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