Restructuring Charges (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring Plan 2012

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 in the Company’s liability balance related to the 2012 restructuring plan, which is included in accounts payable and accrued expenses in the Condensed Consolidated Statements of Financial Condition (dollars in thousands):

	Employee separation costs
Balance at December 31, 2012	$	6,908
Utilized—cash	(3,428		)
Other	(23		)
Balance at March 31, 2013	$	3,457

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 in the Company’s liability balance related to the 2011 restructuring plans, which is included in accounts payable and accrued expenses in the Condensed 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
Utilized - cash	(12		)	(248		)	(260		)
Balance at March 31, 2013	$	105		$	2,850		$	2,955

Fourth Quarter 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 in the Company’s liability balance related to the 2010 restructuring plan, which is included in accounts payable and accrued expenses in the Condensed Consolidated Statements of Financial Condition (dollars in thousands):

	Consolidation of leased facilities
Balance at December 31, 2011	$	2,172
Utilized—cash	(98		)
Balance at September 30, 2012	$	2,074