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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Commissions and fees $ 89,795 $ 117,648 $ 289,942 $ 348,174
Recurring 26,707 28,548 82,173 82,283
Other 3,115 3,223 10,787 11,657
Total revenues 119,617 149,419 382,902 442,114
Expenses:        
Compensation and employee benefits 47,135 54,109 149,262 167,266
Transaction processing 19,336 24,840 61,208 70,970
Occupancy and equipment 16,033 14,904 45,745 44,909
Telecommunications and data processing services 15,034 14,559 44,813 44,500
Other general and administrative 21,220 23,181 67,494 68,103
Goodwill impairment     274,285 225,035
Restructuring charges       17,678
Acquisition related costs       2,523
Interest expense 678 636 1,980 1,400
Total expenses 119,436 132,229 644,787 642,384
Income (loss) before income tax (benefit) expense 181 17,190 (261,885) (200,270)
Income tax (benefit) expense (51) 6,713 (20,479) (24,153)
Net income (loss) $ 232 $ 10,477 $ (241,406) $ (176,117)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.01 $ 0.26 $ (6.24) $ (4.29)
Diluted (in dollars per share) $ 0.01 $ 0.25 $ (6.24) $ (4.29)
Basic weighted average number of common shares outstanding (in shares) 38,301 40,615 38,672 41,051
Diluted weighted average number of common shares outstanding (in shares) 39,252 41,271 38,672 41,051