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Pipar Jaffray Companies (Parent Company only) (Tables) (Parent Company [Member])
12 Months Ended
Dec. 31, 2014
Parent Company [Member]
 
Condensed Financial Statements, Captions [Line Items]  
Condensed Statement of Financial Condition
Condensed Statements of Financial Condition 
 
December 31,
 
December 31,
(Amounts in thousands)
2014
 
2013
Assets
 
 
 
Cash and cash equivalents
$
200

 
$
336

Investment in and advances to subsidiaries
956,609

 
870,104

Other assets
13,819

 
9,119

Total assets
$
970,628

 
$
879,559

 
 
 
 
Liabilities and Shareholders’ Equity
 
 
 
Variable rate senior notes
$
125,000

 
$
125,000

Accrued compensation
24,618

 
18,454

Other liabilities and accrued expenses
1,098

 
1,429

Total liabilities
150,716

 
144,883

 
 
 
 
Shareholders’ equity
819,912

 
734,676

Total liabilities and shareholders’ equity
$
970,628

 
$
879,559

Condensed Statement of Operations
Condensed Statements of Operations
 
Year Ended December 31,
(Amounts in thousands)
2014
 
2013
 
2012
Revenues:
 
 
 
 
 
Dividends from subsidiaries
$
50,333

 
$
46,000

 
$
119,000

Interest
662

 
254

 
82

Other revenues
275

 
198

 

Total revenues
51,270

 
46,452

 
119,082

 
 
 
 
 
 
Interest expense
5,463

 
5,850

 
5,823

 
 
 
 
 
 
Net revenues
45,807

 
40,602

 
113,259

 
 
 
 
 
 
Non-interest expenses:
 
 
 
 
 
Total non-interest expenses
5,318

 
3,096

 
4,222

 
 
 
 
 
 
Income from continuing operations before income tax expense and equity in undistributed/(distributed in excess of) income of subsidiaries
40,489

 
37,506

 
109,037

 
 
 
 
 
 
Income tax expense
14,795

 
13,263

 
39,175

 
 
 
 
 
 
Income from continuing operations of parent company
25,694

 
24,243

 
69,862

 
 
 
 
 
 
Equity in undistributed/(distributed in excess of) income of subsidiaries
37,478

 
25,200

 
(49,617
)
 
 
 
 
 
 
Net income from continuing operations
63,172

 
49,443

 
20,245

 
 
 
 
 
 
Discontinued operations:
 
 
 
 
 
Income/(loss) from discontinued operations, net of tax

 
(4,353
)
 
21,023

 
 
 
 
 
 
Net income
$
63,172

 
$
45,090

 
$
41,268

Condensed Statement of Cash Flows
Condensed Statements of Cash Flows
 
Year Ended December 31,
(Amounts in thousands)
2014
 
2013
 
2012
Operating Activities:
 
 
 
 
 
Net income
$
63,172

 
$
45,090

 
$
41,268

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
 
 
Share-based and deferred compensation
180

 
60

 
240

Equity distributed in excess of/(in undistributed) income of subsidiaries
(37,478
)
 
(25,200
)
 
49,617

 
 
 
 
 
 
Net cash provided by operating activities
25,874

 
19,950

 
91,125

 
 
 
 
 
 
Investing Activities:
 
 
 
 
 
Repayment of FAMCO note
2,000

 
250

 

 
 
 
 
 
 
Net cash provided by investing activities
2,000

 
250

 

 
 
 
 
 
 
Financing Activities:
 
 
 
 
 
Issuance of variable rate senior notes
50,000

 

 
125,000

Repayment of variable rate senior notes
(50,000
)
 

 

Decrease in bank syndicated financing

 

 
(115,000
)
Advances from/(to) subsidiaries
(28,010
)
 
34,996

 
(76,481
)
Repurchase of common stock

 
(55,929
)
 
(38,068
)
 
 
 
 
 
 
Net cash used in financing activities
(28,010
)
 
(20,933
)
 
(104,549
)
 
 
 
 
 
 
Net decrease in cash and cash equivalents
(136
)
 
(733
)
 
(13,424
)
 
 
 
 
 
 
Cash and cash equivalents at beginning of year
336

 
1,069

 
14,493

 
 
 
 
 
 
Cash and cash equivalents at end of year
$
200

 
$
336

 
$
1,069

 
 
 
 
 
 
Supplemental disclosures of cash flow information
 
 
 
 
 
Cash paid during the year for:
 
 
 
 
 
Interest
$
(4,801
)
 
$
(5,596
)
 
$
(5,741
)
Income taxes
$
(14,795
)
 
$
(13,263
)
 
$
(39,175
)