Schedule of Recognized Identified Assets Acquired and Liabilities Assumed |
A statement of the fair value of assets acquired and liabilities assumed on the acquisition dates are presented below (in thousands): | | | | | | | | | | | | | | | | | | | | | Stratos | | OpNet | | Total | Cash and cash equivalents | $ | 83,006 | | | $ | 7,875 | | | $ | 90,881 | | Cash and securities segregated and on deposit for regulatory purposes or deposited with clearing and depository organizations | 124,306 | | | — | | | 124,306 | | Financial instruments owned, at fair value | 53,028 | | | — | | | 53,028 | | Investments in and loans to related parties | — | | | 6,644 | | | 6,644 | | Receivables: | | | | | | Brokers, dealers and clearing organizations | 113,750 | | | — | | | 113,750 | | Fees, interest and other | 4,745 | | | 14,728 | | | 19,473 | | Property and equipment, net | 31,830 | | | 111,458 | | | 143,288 | | | | | | | | Goodwill (1) | 5,463 | | | 127,051 | | | 132,514 | | Assets held for sale (2) | — | | | 578,820 | | | 578,820 | | Other assets (3) | 31,135 | | | 98,278 | | | 129,413 | | Total assets acquired | $ | 447,263 | | | $ | 944,854 | | | $ | 1,392,117 | | | | | | | | Financial instruments sold, net yet purchased, at fair value | $ | 31,293 | | | $ | — | | | $ | 31,293 | | Payables: | | | | | | Brokers, dealers and clearing organizations | 236 | | | — | | | 236 | | Customers payables | 297,494 | | | — | | | 297,494 | | Short-term borrowings | — | | | 7,137 | | | 7,137 | | Lease liabilities | 9,308 | | | 23,040 | | | 32,348 | | Liabilities held for sale (2) | — | | | 303,447 | | | 303,447 | | Accrued expenses and other liabilities | 18,011 | | | 176,308 | | | 194,319 | | Long-term debt | — | | | 75,437 | | | 75,437 | | Total liabilities assumed | $ | 356,342 | | | $ | 585,369 | | | $ | 941,711 | | | | | | | | Net assets acquired | $ | 90,921 | | | $ | 359,485 | | | $ | 450,406 | | | | | | | | Noncontrolling interests | $ | — | | | $ | 42,168 | | | $ | 42,168 | |
(1)All goodwill is attributed to the Asset Management reportable segment. (2)Relates to the net operating assets of the wholesale operations of OpNet. (3)Includes intangible assets acquired as part of the OpNet acquisition in the form of purchased technology, trademarks and trade names, and customer relationships. These intangible assets are being amortized over a finite life of up to 20 years.
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