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 | ) |
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