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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash Flows from Operating Activities:    
Net income $ 14,619 $ 34,773
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 7,876 7,189
Amortization of loans and advances to financial advisors and other employees 15,553 13,931
Amortization of premium on available-for-sale securities (2,989) 2,886
Provision for loan losses and allowance for loans and advances to financial advisors and other employees 1,294 955
Amortization of intangible assets 1,138 1,329
Deferred income taxes 14,846 31,514
Excess tax benefits from stock-based compensation (8,237) (12,438)
Stock-based compensation 70,184 6,963
Gains on investments 3,530 (7,952)
Other net 403 (308)
Decrease/(increase) in operating assets:    
Cash segregated for regulatory purposes and restricted cash 127,998 299
Receivables:    
Brokerage clients (55,519) (9,270)
Brokers, dealers and clearing organizations (177,699) 15,378
Securities purchased under agreements to resell 2,354 (28,503)
Loans originated as held for sale (437,539) (100,773)
Proceeds from mortgages held for sale 476,999 (356,192)
Trading securities owned, including those pledged (39,304) 346,809
Loans and advances to financial advisors and other employees (12,049) (25,203)
Other assets (66,088) (35,119)
Increase/(decrease) in operating liabilities    
Brokerage clients 30,182 45,431
Brokers, dealers and clearing organizations 30,056 13,590
Drafts (32,118) (19,274)
Trading securities sold, but not yet purchased 217,385 3,574
Other liabilities and accrued expenses (126,444) (119,349)
Net cash used in operating activities 56,431 (189,760)
Cash Flows from Investing Activities:    
Maturities, calls, sales, and principal paydowns on available-for-sale securities 68,678 63,783
Calls on held-to-maturity securities 16,289  
Sale or maturity of investments 22,380 15,534
Sale of other real estate owned   75
Increase in bank loans, net (67,585) (25,534)
Payments for:    
Purchase of available-for-sale securities (185,892) (192,536)
Purchase of held-to-maturity securities (16,438) (136,854)
Purchase of investments (57,558) (12,480)
Purchase of fixed assets (4,931) (3,902)
Acquisitions (154,283)  
Net cash used in investing activities (379,340) (291,914)
Cash Flows from Financing Activities:    
(Repayments of)/ proceeds from short-term borrowings from banks 265,100 (12,000)
Proceeds from Senior Note offering    170,291
Increase/(decrease) in securities sold under agreements to repurchase (31,817) 61,943
Increase in bank deposits, net 210,435 286,174
Increase in securities loaned 46,680 15,936
Excess tax benefits from stock-based compensation 8,237 12,438
Issuance of common stock 15  
Repurchase of common stock 297  
Reissuance of treasury stock (3,058) 6,783
Extinguishment of subordinated debt (2,187) (1,639)
Net cash provided by financing activities 493,702 539,926
Effect of exchange rate changes on cash (1,070) 535
Decrease in cash and cash equivalents 169,723 58,787
Cash and cash equivalents at beginning of period 403,941 403,941
Cash and cash equivalents at end of period 573,664 226,458
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 15,264 (885)
Cash paid for interest 10,407 6,712
Noncash investing and financing activities:    
Units, net of forfeitures 137,694 68,159
Issuance of common stock for acquisitions $ 265,918