Piper Jaffray Companies (Parent Company only)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

Piper Jaffray Companies (Parent Company only)

Condensed Statements of Financial Condition

	December 31,		December 31,
(Amounts in thousands)	2015		2014
Assets
Cash and cash equivalents	$	48	$	200
Investment in and advances to subsidiaries	982,426		956,609
Other assets	15,843		13,819
Total assets	$	998,317	$	970,628
Liabilities and Shareholders’ Equity
Senior notes	$	175,000	$	125,000
Accrued compensation	36,347		24,618
Other liabilities and accrued expenses	3,311		1,098
Total liabilities	214,658		150,716
Shareholders’ equity	783,659		819,912
Total liabilities and shareholders’ equity	$	998,317	$	970,628

Condensed Statements of Operations

	Year Ended December 31,
(Amounts in thousands)	2015			2014		2013
Revenues:
Dividends from subsidiaries	$	37,649		$	50,333	$	46,000
Interest	650			662		254
Investment income/(loss)	(2,033		)	275		198
Total revenues	36,266			51,270		46,452
Interest expense	6,406			5,463		5,850
Net revenues	29,860			45,807		40,602
Non-interest expenses:
Total non-interest expenses	3,487			5,318		3,096
Income from continuing operations before income tax expense and equity in undistributed income of subsidiaries	26,373			40,489		37,506
Income tax expense	9,191			14,795		13,263
Income from continuing operations of parent company	17,182			25,694		24,243
Equity in undistributed income of subsidiaries	34,893			37,478		25,200
Net income from continuing operations	52,075			63,172		49,443
Discontinued operations:
Loss from discontinued operations, net of tax	—			—		(4,353		)
Net income	$	52,075		$	63,172	$	45,090

Condensed Statements of Cash Flows

	Year Ended December 31,
(Amounts in thousands)	2015			2014			2013
Operating Activities:
Net income	$	52,075		$	63,172		$	45,090
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based and deferred compensation	70			180			60
Equity in undistributed income of subsidiaries	(34,893		)	(37,478		)	(25,200		)
Net cash provided by operating activities	17,252			25,874			19,950
Investing Activities:
Repayment of FAMCO note	1,500			2,000			250
Net cash provided by investing activities	1,500			2,000			250
Financing Activities:
Issuance of senior notes	125,000			50,000			—
Repayment of senior notes	(75,000		)	(50,000		)	—
Advances from/(to) subsidiaries	49,560			(28,010		)	34,996
Repurchase of common stock	(118,464		)	—			(55,929		)
Net cash used in financing activities	(18,904		)	(28,010		)	(20,933		)
Net decrease in cash and cash equivalents	(152		)	(136		)	(733		)
Cash and cash equivalents at beginning of year	200			336			1,069
Cash and cash equivalents at end of year	$	48		$	200		$	336
Supplemental disclosures of cash flow information
Cash paid during the year for:
Interest	$	(5,756	)	$	(4,801	)	$	(5,596	)
Income taxes	$	(9,191	)	$	(14,795	)	$	(13,263	)