XML 87 R76.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment and Geographic Information (Schedule Of Segment Reporting Information) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Segment Reporting Information [Line Items]        
Net trading $ 5,988 $ 10,486 $ 20,158 $ 31,973
Asset management 1,779 1,781 6,202 5,662
New issue and advisory 2,012 811 3,992 2,176
Principal transactions and other income 222 1,012 5,515 2,379
Total revenues 10,001 14,090 35,867 42,190
Total operating expenses 9,012 11,439 30,564 36,065
Operating income 989 2,651 5,303 6,125
Interest expense, net (1,606) (991) (4,330) (2,973)
Income (loss) before income tax expense (617) 1,660 973 3,152
Income tax expense (benefit) 141 130 148 157
Net income (loss) (758) 1,530 825 2,995
Less: Net income (loss) attributable to the non-controlling interest (211) 489 274 925
Net income (loss) attributable to Cohen & Company Inc. (547) 1,041 551 2,070
Depreciation and amortization (included in total operating expense) 60 66 187 220
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Net trading 5,988 10,486 20,158 31,973
Asset management 1,779 1,781 6,202 5,662
New issue and advisory 2,012 811 3,992 2,176
Principal transactions and other income 222 1,012 5,515 2,379
Total revenues 10,001 14,090 35,867 42,190
Total operating expenses 7,190 9,452 24,383 29,425
Operating income 2,811 4,638 11,484 12,765
Income (loss) before income tax expense 2,811 4,638 11,484 12,765
Net income (loss) 2,811 4,638 11,484 12,765
Net income (loss) attributable to Cohen & Company Inc. 2,811 4,638 11,484 12,765
Depreciation and amortization (included in total operating expense) 17 21 54 92
Unallocated [Member]        
Segment Reporting Information [Line Items]        
Total operating expenses [1] 1,822 1,987 6,181 6,640
Operating income [1] (1,822) (1,987) (6,181) (6,640)
Interest expense, net [1] (1,606) (991) (4,330) (2,973)
Income (loss) before income tax expense [1] (3,428) (2,978) (10,511) (9,613)
Income tax expense (benefit) [1] 141 130 148 157
Net income (loss) [1] (3,569) (3,108) (10,659) (9,770)
Less: Net income (loss) attributable to the non-controlling interest [1] (211) 489 274 925
Net income (loss) attributable to Cohen & Company Inc. [1] (3,358) (3,597) (10,933) (10,695)
Depreciation and amortization (included in total operating expense) [1] 43 45 133 128
Capital Markets [Member]        
Segment Reporting Information [Line Items]        
Net trading 5,988 10,486 20,158 31,973
New issue and advisory 2,012 811 3,992 2,176
Principal transactions and other income (2) 30 4 140
Total revenues 7,998 11,327 24,154 34,289
Total operating expenses 6,053 8,556 20,576 26,662
Operating income 1,945 2,771 3,578 7,627
Income (loss) before income tax expense 1,945 2,771 3,578 7,627
Net income (loss) 1,945 2,771 3,578 7,627
Net income (loss) attributable to Cohen & Company Inc. 1,945 2,771 3,578 7,627
Depreciation and amortization (included in total operating expense) 16 20 51 90
Asset Management [Member]        
Segment Reporting Information [Line Items]        
Asset management 1,779 1,781 6,202 5,662
Principal transactions and other income 230 441 4,995 1,541
Total revenues 2,009 2,222 11,197 7,203
Total operating expenses 1,042 779 3,521 2,394
Operating income 967 1,443 7,676 4,809
Income (loss) before income tax expense 967 1,443 7,676 4,809
Net income (loss) 967 1,443 7,676 4,809
Net income (loss) attributable to Cohen & Company Inc. 967 1,443 7,676 4,809
Depreciation and amortization (included in total operating expense) 1 1 3 2
Principal Investing [Member]        
Segment Reporting Information [Line Items]        
Principal transactions and other income (6) 541 516 698
Total revenues (6) 541 516 698
Total operating expenses 95 117 286 369
Operating income (101) 424 230 329
Income (loss) before income tax expense (101) 424 230 329
Net income (loss) (101) 424 230 329
Net income (loss) attributable to Cohen & Company Inc. $ (101) $ 424 $ 230 $ 329
[1] Unallocated includes certain expenses incurred by indirect overhead and support departments (such as the executive, finance, legal, information technology, human resources, risk, compliance, and other similar overhead and support departments). Some of the items not allocated include: (1) operating expenses (such as cash compensation and benefits, equity-based compensation expense, professional fees, travel and entertainment, consulting fees, and rent) related to support departments excluding certain departments that directly support the Capital Markets business segment; (2) interest expense on debt; and (3) income taxes. Management does not consider these items necessary for an understanding of the operating results of these business segments and such amounts are excluded in business segment reporting to the chief operating decision maker.