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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2022
Business Combinations [Abstract]  
Estimated fair values of assets acquired and liabilities assumed
The following table summarizes the estimated fair values of assets acquired and liabilities assumed at the date of the acquisition, including measurement period adjustments:
(Amounts in thousands)
Assets
Cash and cash equivalents$6,885 
Receivables from brokers, dealers and clearing organizations2,941 
Fixed assets286 
Goodwill9,574 
Intangible assets19,000 
Right-of-use lease asset7,026 
Other assets4,451 
Total assets acquired50,163 
Liabilities
Accrued compensation4,672 
Accrued lease liability7,026 
Other liabilities and accrued expenses4,401 
Total liabilities assumed16,099 
Net assets acquired$34,064 
Unaudited pro forma information
Three MonthsNine Months
EndedEnded
September 30,September 30,
(Amounts in thousands)202120222021
Net revenues$457,670 $1,037,475 $1,423,574 
Net income applicable to Piper Sandler Companies45,181 71,893 164,886