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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income (loss) $ 691 $ (39,440) $ (25,918)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Gain on sale of investment research operations     (21)
Depreciation and amortization 43,860 45,153 43,523
Deferred income tax expense (benefit) 570 33,826 (15,755)
Provision for doubtful accounts 593 375 67
Non-cash share-based compensation 29,762 20,238 25,620
Leasehold asset write-off 1,444 7,492  
Other intangible asset impairment   325  
Gain on investment in joint venture (608)    
Changes in operating assets and liabilities:      
Deposits with clearing organizations (20,047) 8,661 1,420
Securities owned, at fair value 1,248 1,004 3,048
Receivables from brokers, dealers and clearing organizations (97,543) (26,701) 871,317
Receivables from customers (162,725) (11,832) (11,738)
Accounts payable and accrued expenses 49,565 (11,292) 13,034
Payables to brokers, dealers and clearing organizations 224,821 7,658 (853,923)
Payables to customers 14,865 7,907 2,681
Securities sold, not yet purchased, at fair value 5 (247) (2,397)
Income taxes receivable/payable 1,706 2,892 (11,889)
Excess tax benefit from share-based payment arrangements     (880)
Other, net (19,890) (339) (59)
Net cash provided by operating activities 68,317 45,680 38,130
Cash Flows from Investing Activities:      
Proceeds from sale of investment research operations, net of deal costs     6,125
Investment in joint ventures (612)    
Capital purchases (13,801) (19,402) (21,315)
Capitalization of software development costs (27,587) (27,782) (24,617)
Net cash used in investing activities (42,000) (47,184) (39,807)
Cash Flows from Financing Activities:      
Repayments of long term debt (1,137) (3,963) (6,200)
Proceeds from (repayments of) borrowing under short-term bank loans (18,628) 29,272 (9,784)
Debt issuance costs (751) (762) (810)
Excess tax benefit from share-based payment arrangements     880
Common stock issued 2,397 1,376 3,743
Common stock repurchased (5,814) (16,933) (22,112)
Dividends paid (9,165) (9,156) (9,124)
Shares withheld for net settlements of share-based awards (11,011) (10,779) (6,795)
Net cash used in financing activities (44,109) (10,945) (50,202)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,813) 170 1,704
Net decrease in cash, cash equivalents and restricted cash (24,605) (12,279) (50,175)
Cash, cash equivalents and restricted cash—beginning of period 306,051 318,330 368,505
Cash, cash equivalents and restricted cash—end of period 281,446 306,051 318,330
Supplemental cash flow information:      
Interest paid 4,734 4,960 6,116
Income taxes paid, net 6,991 10,515 $ 9,880
Supplemental disclosure of non-cash investing and financing activities:      
Investment in joint venture $ 1,393    
Capital expenditures funded by financing from seller   $ 400