Restructuring Charges (Tables)

12 Months Ended

Dec. 31, 2013

Restructuring Plan 2013

Restructuring Charges.

Summary of the pre-tax charges incurred in the European Operations reporting segment classified as restructuring charges

The following table summarizes the pre-tax charges incurred in the European Operations reporting segment (dollars in thousands). Employee severance costs relate to the termination of approximately 40 employees. These charges are classified as restructuring charges in the Consolidated Statements of Operations.

	Total
Employee separation and related costs	$	1,452
Consolidation of leased facilities		100
Total	$	1,552

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

Activity and liability balances recorded as part of the 2013 restructuring plan through December 31, 2013 are as follows (dollars in thousands):

	Employee separation costs			Consolidation of leased facilities		Total
Restructuring charges recognized in 2013	$	1,452		$	100	$	1,552
Cash payments		(915	)		—		(915	)
Acceleration of share-based compensation in additional paid-in capital		(357	)		—		(357	)
Other		55			—		55
Balance at December 31, 2013	$	235		$	100	$	335

Restructuring Plan 2012

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

Activity and liability balances recorded as part of the 2012 restructuring plan through December 31, 2013 are as follows (dollars in thousands):

	Employee separation costs
Balance at December 31, 2012	$	6,908
Cash payments		(5,087	)
Other		(1,746	)
Balance at December 31, 2013	$	75

Restructuring Plan 2011

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

The following table summarizes the changes during 2012 in the Company's liability balance related to the 2011 restructuring plans, which is included in accounts payable and accrued expenses in the Consolidated Statements of Financial Condition (dollars in thousands):

	Employee separation costs			Consolidation of leased facilities			Total
Balance at December 31, 2012	$	117		$	3,098		$	3,215
Adjustment for sub-lease		—			(700	)		(700	)
Utilized—cash		(12	)		(831	)		(843	)
Other		(98	)		—			(98	)
Balance at December 31, 2013	$	7		$	1,567		$	1,574

Restructuring Plan 2010

Restructuring Charges.

Summary of changes in the liability related to the restructuring plan included in accounts payable and accrued expenses

The following table summarizes the changes during 2013 in the Company's liability balance related to the 2010 U.S. restructuring plan, which is included in accounts payable and accrued expenses in the Consolidated Statements of Financial Condition (dollars in thousands):

	Consolidation of leased facilities
Balance at December 31, 2012	$	2,172
Utilized—cash		(388	)
Balance at December 31, 2013	$	1,784