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Defined Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Net Periodic Benefit Cost
The amounts contained in the following table relate to the Company's defined benefit plan(s) for the years ended December 31, 2013, 2012, and 2011:
 
As of December 31,
 
2013
 
2012
 
(dollars in thousands)
Projected benefit obligation
 
 
 
Benefit obligation at beginning of year
$
4,436

 
$
5,591

Service cost
—

 
53

Interest cost
207

 
216

Actuarial loss (gain)
(93
)
 
(50
)
Benefits paid
(48
)
 
—

Curtailments
—

 
(98
)
Lump sum settlement
(910
)
 
(1,269
)
Effect of change in currency conversion
—

 
(7
)
Benefit obligation at end of year
$
3,592

 
$
4,436

Change in plan assets
 
 
 
Fair value of plan assets at beginning of year
$
5,230

 
$
5,639

Actual return on plan assets
153

 
676

Employer contributions
1

 
—

Benefits paid
(956
)
 
(1,085
)
Expenses paid from the plan
(39
)
 
—

Fair value of plan assets at the end of year
$
4,389

 
$
5,230

Funded balance at end of year
$
797

 
$
794

Amounts recognized in the consolidated statement of financial condition
 
 
 
Asset
$
797

 
$
794

Accumulated benefit obligation
$
3,592

 
$
4,436


 
Year Ended December 31,
 
2013
 
2012
 
2011
 
(dollars in thousands)
Components of net periodic benefit cost included in employee compensation and benefits
 
 
 
 
 
Service cost
$
—

 
$
53

 
$
50

Interest cost
207

 
216

 
264

Expected return on plan assets
(251
)
 
(235
)
 
(276
)
Amortization of (loss) / gain
—

 
—

 
—

Amortization of prior service cost
21

 
20

 
21

Effect of curtailment
360

 
(59
)
 
—

Effect of special termination benefits
—

 
6

 
—

Effect of settlement
(95
)
 
(95
)
 
(29
)
Net periodic benefit cost
$
242

 
$
(94
)
 
$
30

Other changes in plan assets and benefit obligations recognized in other comprehensive loss
 
 
 
 
 
Net loss (gain)
$
137

 
$
(557
)
 
$
(33
)
Effect of curtailment
(360
)
 
59

 
—

Effect of settlement
—

 
98

 
31

Amortization of loss / (gain)
—

 
—

 
—

Amortization of prior service cost
(23
)
 
(23
)
 
(23
)
Total recognized in other comprehensive income (loss)
$
(246
)
 
$
(423
)
 
$
(25
)
Total recognized in net periodic benefit cost and other comprehensive loss
$
(4
)
 
$
(517
)
 
$
5

Amounts recognized in accumulated other comprehensive loss
 
 
 
 
 
Net gain (loss)
$
344

 
$
479

 
$
116

Prior service cost
—

 
(381
)
 
(441
)
Effect of change in currency conversion
—

 
—

 
—

Total recognized in accumulated other comprehensive income (loss)
$
344

 
$
98

 
$
(325
)
Estimated amounts to be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year
 
 
 
 
 
Prior service cost
$
—

 
$
19

 
$
19

Net gain (loss)
$
—

 
$
—

 
$
—
Schedule of Allocation of Plan Assets [Table Text Block]
The composition of plan assets by asset category for the Cash Balance Plan are set forth below:
 
As of December 31,
 
2013
 
2012
 
(dollars in thousands)
Ramius Multi-Strategy Fund Ltd(a)
$
390

 
$
513

Ramius Merger Fund Ltd
2,279

 
—

Orchard Square Partners Credit Fund Ltd(b)
1,640

 
1,304

External Mutual Funds—Total return(c)
7

 
1,358

External Mutual Funds—Real Return(d)
34

 
1,019

External Mutual Funds—Conservative(e)
39

 
1,036

 
$
4,389

 
$
5,230