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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from Operating Activities:      
Net income $ 91,570 $ 50,892 $ 31,085
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of energy research business (107,699)    
Depreciation and amortization 44,151 49,384 53,606
Deferred income tax expense (benefit) 12,912 (4,979) 3,051
Provision for doubtful accounts 496 (801) (405)
Share-based compensation 16,667 15,359 13,539
Fixed asset disposal     649
Non-cash restructuring charges, net     357
Goodwill and other asset impairment     101
Changes in operating assets and liabilities:      
Cash restricted or segregated under regulations and other 55 (616) (9,491)
Deposits with clearing organizations (1,113) 38,347 (45,622)
Securities owned, at fair value 5,973 (5,489) 2,445
Receivables from brokers, dealers and clearing organizations (404,818) 211,491 43,612
Receivables from customers 53,909 (37,238) (63,376)
Accounts payable and accrued expenses (18,978) 27,389 9,936
Payables to brokers, dealers and clearing organizations 366,462 (203,805) (48,338)
Payables to customers (775) (5,075) 42,828
Securities sold, not yet purchased, at fair value (5,102) 6,162 (2,086)
Income taxes receivable/payable 1,710 6,194 12,148
Excess tax benefit (2,982) (1,278) (510)
Other, net (3,692) (3,397) 1,663
Net cash provided by operating activities 48,746 142,540 45,192
Cash flows from Investing Activities:      
Proceeds from sale of energy research business, net of deal costs 111,240    
Investment in unconsolidated affiliates   (2,669) (474)
Acquisition of subsidiaries and minority interests, net of cash acquired   (18,293)  
Capital purchases (11,905) (13,798) (33,549)
Capitalization of software development costs (26,003) (26,331) (22,579)
Net cash provided by (used in) investing activities 73,332 (61,091) (56,602)
Cash flows from Financing Activities:      
Repayments of term loans (8,820) (12,551) (9,505)
Proceeds of short-term bank loans, net 3,573 4,821 51,385
Proceeds from sales-lease back transactions     20,565
Excess tax benefit 2,982 1,278 510
Debt issuance costs   (1,200)  
Common stock issued 1,742 96 177
Common stock repurchased (42,046) (48,165) (28,169)
Dividends paid (7,030)    
Shares withheld for net settlements of share-based awards (8,978) (6,231) (4,532)
Net cash (used in) provided by financing activities (58,577) (61,952) 30,431
Effect of exchange rate changes on cash and cash equivalents (8,058) (6,184) (2,999)
Net increase in cash and cash equivalents 55,443 13,313 16,022
Cash and cash equivalents - beginning of year 275,210 261,897 245,875
Cash and cash equivalents - end of year 330,653 275,210 261,897
Supplemental cash flow information:      
Interest paid 3,607 3,979 3,343
Income taxes paid (refunded) 15,098 $ 11,909 $ (4,079)
Supplemental disclosure of non-cash investing and financing activities:      
Capital expenditures funded by financing from seller $ 3,606