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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net income $ 4,377 $ 5,302
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 11,230 11,227
Deferred income tax expense (benefit) 841 (4,208)
Provision for doubtful accounts 133 (12)
Non-cash share-based compensation 8,295 5,687
Changes in operating assets and liabilities:    
Deposits with clearing organizations (12,757) 5,664
Securities owned, at fair value 303 408
Receivables from brokers, dealers and clearing organizations 5,467 (124,963)
Receivables from customers (40,873) (39,774)
Accounts payable and accrued expenses 4,878 (39,510)
Payables to brokers, dealers and clearing organizations 10,192 83,338
Payables to customers 16,871 10,314
Securities sold, not yet purchased, at fair value (1) (248)
Income taxes receivable/payable 2,412 (94)
Other, net (20,873) (2,169)
Net cash used in operating activities (9,505) (89,038)
Cash Flows from Investing Activities:    
Investment in venture (612)  
Capital purchases (3,517) (3,129)
Capitalization of software development costs (6,070) (7,100)
Net cash used in investing activities (10,199) (10,229)
Cash Flows from Financing Activities:    
Repayments of long term debt (595) (1,565)
Proceeds from (repayments of) borrowing under short-term bank loans (20,997) 57,587
Debt issuance costs (751) (756)
Common stock issued 166 185
Common stock repurchased (3,571) (3,210)
Dividends paid (2,293) (2,300)
Shares withheld for net settlements of share-based awards (8,321) (9,851)
Net cash (used in) provided by financing activities (36,362) 40,090
Effect of exchange rate changes on cash, cash equivalents and restricted cash (429) (217)
Net decrease in cash, cash equivalents and restricted cash (56,495) (59,394)
Cash, cash equivalents and restricted cash—beginning of period 306,051 318,330
Cash, cash equivalents and restricted cash—end of period 249,556 258,936
Supplemental cash flow information:    
Interest paid 1,582 1,133
Income taxes paid   $ 2,829
Proceeds from income tax refunds 1,587  
Supplemental disclosure of non-cash investing and financing activities:    
Investment in venture $ 1,393