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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income (loss) $ (2,852) $ (2,341)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity-based compensation 363 291
Accretion of income on other investments, at fair value (198) (841)
Realized loss (gain) on other investments, at fair value (567) 222
(Income) / loss from equity method affiliates 256  
Change in unrealized (gain) loss on other investments, at fair value (172) (1,382)
Depreciation and amortization 159 113
Amortization of discount on debt 256 445
Deferred tax provision (benefit) (747) (689)
Change in operating assets and liabilities, net:    
(Increase) decrease in other receivables 4,819 (1,058)
(Increase) decrease in investments-trading 63,285 22,021
(Increase) decrease in other assets (783) (394)
(Increase) decrease in receivables under resale agreement 1,577,409 (1,872,528)
Change in receivables from / payables to related parties, net 298 81
Increase (decrease) in accrued compensation (2,499) (1,629)
Increase (decrease) in accounts payable and other liabilities 1,061 3,947
Increase (decrease) in trading securities sold, not yet purchased (12,486) (3,341)
Change in receivables from/ payables to brokers, dealers, and clearing agencies (69,218) (32,367)
Increase (decrease) in securities sold under agreements to repurchase (1,566,997) 1,901,758
Net cash provided by (used in) operating activities (8,613) 12,308
Investing activities    
Purchase of investments-other investments, at fair value (705) (18,885)
Sales and returns of principal-other investments, at fair value 8,008 2,329
Investment in equity method affiliate (3,775)  
Purchase of furniture, equipment, and leasehold improvements (28) (307)
Net cash provided by (used in) investing activities 3,500 (16,863)
Financing activities    
Proceeds from draws on revolving credit facility 1,210  
Proceeds from redeemable financial instruments 1,268  
Payments for debt issuance costs   (525)
Cash used to net share settle equity awards (128) (75)
Purchase and retirement of Common Stock (65) (320)
Proceeds from non-controlling interest investment 2,550  
Non-controlling interest distributions (213) (212)
Cohen & Company Inc. dividends (519) (512)
Net cash provided by (used in) financing activities 4,103 (1,644)
Effect of exchange rate on cash (19) (113)
Net increase (decrease) in cash and cash equivalents (1,029) (6,312)
Cash and cash equivalents, beginning of period 14,106 22,933
Cash and cash equivalents, end of period $ 13,077 $ 16,621