Segment Reporting (Table)

12 Months Ended

Dec. 31, 2014

Segment Reporting

Summary of the segment financial information

        A summary of the segment financial information is as follows (dollars in thousands):

	U.S. Operations			Canadian Operations		European Operations			Asia Pacific Operations			Consolidated
2014
Total revenues	$	306,933		$	78,093	$	127,563		$	47,225		$	559,814
Income (loss) before income tax expense		15,779			16,729		34,004			(1,525	)		64,987
Identifiable assets		929,062			105,898		249,702			66,187			1,350,849
Capital purchases		10,645			1,656		1,114			383			13,798
Depreciation and amortization		38,659			3,153		6,422			1,150			49,384
Share-based compensation		11,209			3,795		2,891			979			18,874
2013
Total revenues	$	318,036		$	74,994	$	91,792		$	45,979		$	530,801
(Loss) income before income tax expense (1) (2) (3)		15,687			11,441		18,106			(2,179	)		43,055
Identifiable assets		1,183,986			88,503		202,015			64,968			1,539,472
Capital purchases		28,367			1,188		3,323			671			33,549
Depreciation and amortization		43,017			3,437		6,012			1,140			53,606
Share-based compensation		10,932			6,852		2,223			854			20,861
2012
Total revenues	$	321,379		$	76,913	$	67,266		$	38,878		$	504,436
(Loss) income before income tax expense (1) (2) (4)		(248,101	)		10,397		(24,350	)		(8,401	)		(270,455	)
Identifiable assets		1,238,822			99,625		108,675			45,854			1,492,976
Capital purchases		29,159			2,575		923			767			33,424
Depreciation and amortization		44,585			3,711		6,918			1,279			56,493
Share-based compensation		10,449			2,543		2,091			545			15,628

(1)	In the second quarter of 2013, the Company incurred $1.6 million to implement a restructuring plan to close its technology research and development facility in Israel and migrate that function to an outsourced service provider model effective January 1, 2014. This plan primarily focused on reducing costs by limiting ITG's geographic footprint while maintaining the necessary technological expertise via a consulting arrangement. The Company also reduced previously-recorded 2012 and 2011 restructuring accruals of $1.6 million to reflect the sub-lease of previously-vacated office space and certain legal and other employee-related charges deemed unnecessary.
(2)	During the fourth quarter of 2012, ITG began its build-out of its new lower Manhattan headquarters while continuing to occupy its then-existing headquarters in midtown Manhattan. As a result, ITG incurred duplicate rent charges of $2.6 million during the first half of 2013 and $1.4 million in 2012.
(3)	In the second quarter of 2013, ITG moved into its new headquarters and incurred a one-time charge of $3.9 million, which includes a reserve for the remaining lease obligation at the previous midtown Manhattan headquarters.
(4)	Loss before tax expense in 2012 includes the impact of a $274.3 million goodwill impairment charge. The segment breakdown of this charge is as follows: U.S. Operations—$245.1 million, European Operations—$28.5 million and Asia Pacific Operations—$0.7 million.

Schedule of total revenues for the products and services provided by our geographic segments

        The table below details the total revenues for the categories of products and services provided by the Company (dollars in thousands):

	2014		2013		2012
Revenues:
Electronic Brokerage	$	294,529	$	279,830	$	250,882
Research, Sales and Trading		122,042		107,383		106,427
Platforms		95,926		96,127		99,334
Analytics		46,012		46,004		46,508
Corporate (non-product)		1,305		1,457		1,285
Total Revenues	$	559,814	$	530,801	$	504,436

Schedule of long-lived assets, classified by the geographic region

        Long-lived assets, classified by the geographic region in which the Company operates, are as follows (dollars in thousands):

	2014		2013		2012
Long-lived Assets at December 31,
United States	$	107,746	$	116,812	$	115,726
Canada		7,070		5,676		7,174
Europe		29,531		11,413		10,260
Asia Pacific		2,377		2,046		2,305
Total	$	146,724	$	135,947	$	135,465