Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013	Total		Level 1		Level 2		Level 3
Assets
Cash and cash equivalents:
Tax free money market mutual funds	$	33	$	33	$	—	$	—
Money market mutual funds		2,695		2,695		—		—
Securities owned, at fair value:
Corporate stocks—trading securities		2,894		2,894		—		—
Mutual funds		4,542		4,542		—		—
Total	$	10,164	$	10,164	$	—	$	—
Liabilities
Securities sold, not yet purchased, at fair value:
Corporate stocks—trading securities	$	2,953	$	2,953	$	—	$	—
Total	$	2,953	$	2,953	$	—	$	—

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	$	—	$	—

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

The table below details the portion of those items that were re-measured at fair value during 2012 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