Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Measurements

Fair value measurements for assets and liabilities measured on a recurring basis

 Fair value measurements for those items measured on a recurring basis are as follows (dollars in thousands):

December 31, 2012	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	4,555	$	4,555	$	—	$	—
U.S. government money market mutual funds		97,203		97,203		—		—
Money market mutual funds		6,231		6,231		—		—
Securities owned, at fair value:
Corporate stocks—trading securities		5,438		5,438		—		—
Mutual funds		4,648		4,648		—		—
Total	$	118,075	$	118,075	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks—trading securities	$	5,249	$	5,249	$	—	$	—
Total	$	5,249	$	5,249	$	—	$	—

December 31, 2011	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	2,041	$	2,041	$	—	$	—
U.S. government money market mutual funds		110,901		110,901		—		—
Money market mutual funds		6,372		6,372		—		—
Securities owned, at fair value:
Corporate stocks—trading securities		689		689		—		—
Mutual funds		4,588		4,588		—		—
Total	$	124,591	$	124,591	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks—trading securities	$	438	$	438	$	—	$	—
Total	$	438	$	438	$	—	$	—

Fair value measurements for assets and liabilities measured on a non-recurring basis

The table below details the portion of those items that were measured at fair value during 2012 and 2011 and the resultant loss recorded (dollars in thousands):

			Fair Value Measurements Using
December 31, 2012	Total		Level 1		Level 2		Level 3		Total Losses
Goodwill—U.S. Operations	$	—	$	—	$	—	$	—	$	245,103
Goodwill—European Operations		—		—		—		—		28,481
Goodwill—Asia Pacific Operations		—		—		—		—		701
Total	$	—	$	—	$	—	$	—	$	274,285

			Fair Value Measurements Using
December 31, 2011	Total		Level 1		Level 2		Level 3		Total Losses
Goodwill—U.S. Operations	$	245,118	$	—	$	245,118	$	—	$	225,035
Equity Investment		—		—		—		—		4,282
Total	$	245,118	$	—	$	245,118	$	—	$	229,317