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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Revenues:      
Commissions and fees $ 380,976 $ 445,801 $ 469,005
Recurring 109,767 110,919 93,186
Other 13,693 15,317 8,563
Total revenues 504,436 572,037 570,754
Expenses:      
Compensation and employee benefits 196,362 219,307 215,886
Transaction processing 81,173 91,602 85,387
Occupancy and equipment 62,637 60,191 59,905
Telecommunications and data processing services 59,850 58,460 53,473
Other general and administrative 88,543 90,808 94,253
Goodwill and other asset impairment 274,285 229,317 5,375
Restructuring charges 9,499 24,432 4,062
Acquisition-related costs   2,523 2,409
Interest expense 2,542 2,025 671
Total expenses 774,891 778,665 521,421
(Loss) income before income tax (benefit) expense (270,455) (206,628) 49,333
Income tax (benefit) expense (22,596) (26,839) 25,353
Net (loss) income $ (247,859) $ (179,789) $ 23,980
(Loss) earnings per share:      
Basic (in dollars per share) $ (6.45) $ (4.42) $ 0.56
Diluted (in dollars per share) $ (6.45) $ (4.42) $ 0.55
Basic weighted average number of common shares outstanding (in shares) 38,418 40,691 42,767
Diluted weighted average number of common shares outstanding (in shares) 38,418 40,691 43,496