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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 1,342 $ 9,945
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 22,220 22,437
Deferred income tax expense (benefit) 729 (7,407)
Provision for doubtful accounts 192 155
Non-cash share-based compensation 14,154 10,818
Changes in operating assets and liabilities:    
Deposits with clearing organizations (24,118) (9,673)
Securities owned, at fair value 620 634
Receivables from brokers, dealers and clearing organizations (74,048) (83,582)
Receivables from customers (93,681) (117,877)
Accounts payable and accrued expenses 33,964 (29,254)
Payables to brokers, dealers and clearing organizations 63,422 90,673
Payables to customers 92,600 91,320
Securities sold, not yet purchased, at fair value (1) (249)
Income taxes receivable/payable 2,074 1,314
Other, net (20,011) 290
Net cash provided by (used in) operating activities 19,458 (20,456)
Cash Flows from Investing Activities:    
Investment in venture (612)  
Capital purchases (7,534) (5,657)
Capitalization of software development costs (13,380) (14,357)
Net cash used in investing activities (21,526) (20,014)
Cash Flows from Financing Activities:    
Repayments of long term debt (775) (3,317)
Proceeds from (repayments of) borrowing under short-term bank loans (26,623) 13,359
Debt issuance costs (751) (762)
Common stock issued 733 745
Common stock repurchased (5,736) (4,983)
Dividends paid (4,581) (4,595)
Shares withheld for net settlements of share-based awards (8,366) (9,882)
Net cash used in financing activities (46,099) (9,435)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,175) 520
Net decrease in cash, cash equivalents and restricted cash (51,342) (49,385)
Cash, cash equivalents and restricted cash—beginning of period 306,051 318,330
Cash, cash equivalents and restricted cash—end of period 254,709 268,945
Supplemental cash flow information:    
Interest paid 2,775 2,326
Income taxes paid, net 1,496 $ 4,859
Supplemental disclosure of non-cash investing and financing activities:    
Investment in venture $ 1,393