XML 63 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Divestitures Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
The following table provides details of the assets and liabilities of the discontinued operations on the Consolidated Balance Sheet at:
 
December 31, 2013
Assets:
 
Other receivables
$
791

Assets of discontinued operations
$
791

 
 
Liabilities:
 
Accrued expenses, accounts payable and other liabilities
$
2,708

Income taxes payable
5,895

Liabilities of discontinued operations
$
8,603

The following table provides the amounts related to discontinued operations in the Consolidated Statements of Income for the following periods:
 
For the Years Ended December 31,
 
2013
 
2012
 
2011
Income from discontinued operations:
 
 
 
 
 
Revenues:
 
 
 
 
 
Brokerage commissions and fees
$
36,823

 
$
35,306

 
$
34,396

Net investment income
22

 
1

 

Other income
40

 

 

Total revenues
36,885

 
35,307

 
34,396

 
 
 
 
 
 
Expenses:
 
 
 
 
 
Personnel costs
20,251

 
20,173

 
18,526

Other operating expenses
5,778

 
6,121

 
7,401

Depreciation and amortization
615

 
658

 
415

Amortization of intangibles
1,929

 
2,211

 
2,133

Interest expense
2,318

 
2,290

 
2,951

Total expenses
30,891

 
31,453

 
31,426

Income from discontinued operations before income taxes
5,994

 
3,854

 
2,970

Income taxes - discontinued operations
2,448

 
1,579

 
1,193

Income from discontinued operations - net of tax
3,546

 
2,275

 
1,777

 
 
 
 
 
 
Gain on sale of discontinued operations:
 
 
 
 
 
Gain on sale of discontinued operations before income taxes
14,739

 

 

Income taxes - gain on sale of discontinued operations
5,895

 

 

Gain on sale of discontinued operations - net of tax
8,844

 

 

 
 
 
 
 
 
Discontinued operations - net of tax
$
12,390

 
$
2,275

 
$
1,777