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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from Operating Activities:    
Net income $ 8,622 $ 5,458
Adjustments to reconcile net income to net cash used in operating activities    
Depreciation and amortization 13,344 14,314
Deferred income tax expense 1,205 6,774
Provision for doubtful accounts (157) 533
Share-based compensation 5,525 1,810
Changes in operating assets and liabilities:    
Cash restricted or segregated under regulations and other 843 5,140
Deposits with clearing organizations 4,801 (4,599)
Securities owned, at fair value (1,453) (1,108)
Receivables from brokers, dealers and clearing organizations (1,013,541) (696,406)
Receivables from customers (828,512) (969,906)
Accounts payable and accrued expenses (18,280) (42,482)
Payables to brokers, dealers and clearing organizations 1,087,076 797,421
Payables to customers 716,571 770,302
Securities sold, not yet purchased, at fair value 1,399 1,044
Income taxes receivable/payable 9,178 (5,919)
Excess tax benefit from share-based payment arrangements (156)  
Other, net (3,182) (5,628)
Net cash used in operating activities (16,717) (123,252)
Cash flows from Investing Activities:    
Capital purchases (15,784) (4,150)
Capitalization of software development costs (5,782) (6,929)
Net cash used in investing activities (21,566) (11,079)
Cash flows from Financing Activities:    
Repayments of long term debt (1,856) (1,738)
Proceeds from term loans 18,157  
Proceeds from borrowing under short-term bank loans 25,339 84,930
Excess tax benefit from share-based payment arrangements 156  
Common stock issued 482 2,670
Common stock repurchased (8,953) (9,062)
Shares withheld for net settlements of share-based awards (3,562) (2,250)
Net cash provided by financing activities 29,763 74,550
Effect of exchange rate changes on cash and cash equivalents (3,457) (1,375)
Net decrease in cash and cash equivalents (11,977) (61,156)
Cash and cash equivalents - beginning of year 245,875 284,188
Cash and cash equivalents - end of period 233,898 223,032
Supplemental cash flow information    
Interest paid 688 691
Income taxes (refunded) paid $ (8,018) $ 2,146