XML 102 R122.htm IDEA: XBRL DOCUMENT v2.4.1.9
Piper Jaffray Companies (Parent Company only) - Condensed Statements of Cash Flows (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
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