Piper Jaffray Companies (Parent Company only) - Condensed Statements of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Operating Activities: | |||
Net income/(loss) | $ 63,172us-gaap_NetIncomeLoss | $ 45,090us-gaap_NetIncomeLoss | $ 41,268us-gaap_NetIncomeLoss |
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: | |||
Share-based and deferred compensation | 28,764us-gaap_ShareBasedCompensation | 21,598us-gaap_ShareBasedCompensation | 20,641us-gaap_ShareBasedCompensation |
Net cash provided by/(used in) operating activities | (50,069)us-gaap_NetCashProvidedByUsedInOperatingActivities | 42,163us-gaap_NetCashProvidedByUsedInOperatingActivities | (211,782)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing Activities: | |||
Repayment of FAMCO note | 2,000us-gaap_ProceedsFromDivestitureOfBusinesses | 250us-gaap_ProceedsFromDivestitureOfBusinesses | 0us-gaap_ProceedsFromDivestitureOfBusinesses |
Net cash provided by/(used in) investing activities | (5,387)us-gaap_NetCashProvidedByUsedInInvestingActivities | (29,952)us-gaap_NetCashProvidedByUsedInInvestingActivities | (2,131)us-gaap_NetCashProvidedByUsedInInvestingActivities |
Financing Activities: | |||
Issuance of variable rate senior notes | 50,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt | 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt | 125,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt |
Decrease in bank syndicated financing | 0us-gaap_RepaymentsOfOtherLongTermDebt | 0us-gaap_RepaymentsOfOtherLongTermDebt | (115,000)us-gaap_RepaymentsOfOtherLongTermDebt |
Repurchase of common stock | (10,854)us-gaap_PaymentsForRepurchaseOfCommonStock | (71,462)us-gaap_PaymentsForRepurchaseOfCommonStock | (47,164)us-gaap_PaymentsForRepurchaseOfCommonStock |
Net cash provided by/(used in) financing activities | (52,017)us-gaap_NetCashProvidedByUsedInFinancingActivities | 5,798us-gaap_NetCashProvidedByUsedInFinancingActivities | 234,277us-gaap_NetCashProvidedByUsedInFinancingActivities |
Net increase/(decrease) in cash and cash equivalents | (107,816)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 18,312us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 20,347us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
Cash and cash equivalents at beginning of year | 123,683us-gaap_CashAndCashEquivalentsAtCarryingValue | 105,371us-gaap_CashAndCashEquivalentsAtCarryingValue | 85,024us-gaap_CashAndCashEquivalentsAtCarryingValue |
Cash and cash equivalents at end of year | 15,867us-gaap_CashAndCashEquivalentsAtCarryingValue | 123,683us-gaap_CashAndCashEquivalentsAtCarryingValue | 105,371us-gaap_CashAndCashEquivalentsAtCarryingValue |
Supplemental disclosures of cash flow information Cash received/(paid) during the year for: | |||
Interest | (25,345)us-gaap_InterestPaid | (23,487)us-gaap_InterestPaid | (19,357)us-gaap_InterestPaid |
Income taxes | (58,599)us-gaap_IncomeTaxesPaidNet | (745)us-gaap_IncomeTaxesPaidNet | 4,961us-gaap_IncomeTaxesPaidNet |
Parent Company | |||
Operating Activities: | |||
Net income/(loss) | 63,172us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
45,090us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
41,268us-gaap_NetIncomeLoss / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: | |||
Share-based and deferred compensation | 180us-gaap_ShareBasedCompensation / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
60us-gaap_ShareBasedCompensation / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
240us-gaap_ShareBasedCompensation / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Equity distributed in excess of/(in undistributed) income of subsidiaries | (37,478)pjc_EquityInUndistributedDistributedInExcessOfIncomeOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(25,200)pjc_EquityInUndistributedDistributedInExcessOfIncomeOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
49,617pjc_EquityInUndistributedDistributedInExcessOfIncomeOfSubsidiaries / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net cash provided by/(used in) operating activities | 25,874us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
19,950us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
91,125us-gaap_NetCashProvidedByUsedInOperatingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Investing Activities: | |||
Repayment of FAMCO note | 2,000us-gaap_ProceedsFromDivestitureOfBusinesses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
250us-gaap_ProceedsFromDivestitureOfBusinesses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_ProceedsFromDivestitureOfBusinesses / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net cash provided by/(used in) investing activities | 2,000us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
250us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_NetCashProvidedByUsedInInvestingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Financing Activities: | |||
Issuance of variable rate senior notes | 50,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
125,000us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Repayment of variable rate senior notes | (50,000)us-gaap_RepaymentsOfLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_RepaymentsOfLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_RepaymentsOfLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Decrease in bank syndicated financing | 0us-gaap_RepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
0us-gaap_RepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(115,000)us-gaap_RepaymentsOfOtherLongTermDebt / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Advances from/(to) subsidiaries | (28,010)pjc_PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
34,996pjc_PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(76,481)pjc_PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Repurchase of common stock | 0us-gaap_PaymentsForRepurchaseOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(55,929)us-gaap_PaymentsForRepurchaseOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(38,068)us-gaap_PaymentsForRepurchaseOfCommonStock / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net cash provided by/(used in) financing activities | (28,010)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(20,933)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(104,549)us-gaap_NetCashProvidedByUsedInFinancingActivities / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Net increase/(decrease) in cash and cash equivalents | (136)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(733)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(13,424)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Cash and cash equivalents at beginning of year | 336us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
1,069us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
14,493us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Cash and cash equivalents at end of year | 200us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
336us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
1,069us-gaap_CashAndCashEquivalentsAtCarryingValue / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Supplemental disclosures of cash flow information Cash received/(paid) during the year for: | |||
Interest | (4,801)us-gaap_InterestPaid / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(5,596)us-gaap_InterestPaid / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
(5,741)us-gaap_InterestPaid / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
Income taxes | $ (14,795)us-gaap_IncomeTaxesPaidNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
$ (13,263)us-gaap_IncomeTaxesPaidNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
$ (39,175)us-gaap_IncomeTaxesPaidNet / dei_LegalEntityAxis = us-gaap_ParentCompanyMember |
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Equity in undistributed/(distributed in excess of) income of subsidiaries. No definition available.
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The net cash outflow (inflow) from intercompany advances from financing activities. No definition available.
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from a borrowing with the highest claim on the assets of the entity in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow attributable to repayments of borrowings not otherwise defined in the taxonomy (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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