$COHN
Cohen & Co Inc. Stock $cohn

$cohn Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000127043620000007 Filed on May 08, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$17.77M	$11.14M
YoY Change	59.52%	19.3%
Cost Of Revenue	$1.782M	$1.679M
YoY Change	6.13%	-1.24%
Gross Profit	$15.99M	$9.461M
YoY Change	68.99%	24.49%
Gross Profit Margin	89.97%	84.93%
Selling, General & Admin	$17.47M	$9.448M
YoY Change	84.91%	19.59%
% of Gross Profit	109.27%	99.86%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$80.00K	$81.00K
YoY Change	-1.23%	-19.0%
% of Gross Profit	0.5%	0.86%
Operating Expenses	$17.55M	$9.529M
YoY Change	84.17%	19.11%
Operating Profit	-$9.445M	-$68.00K
YoY Change	13789.71%	-81.11%
Interest Expense	$35.40M	-$1.854M
YoY Change	-2009.6%	-201.92%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$12.16M	-$1.930M
YoY Change	529.9%	-11.43%
Income Tax	-$372.0K	-$106.0K
% Of Pretax Income
Net Earnings	-$3.102M	-$1.202M
YoY Change	158.07%	-18.45%
Net Earnings / Revenue	-17.46%	-10.79%
Basic Earnings Per Share	-$2.70	-$1.06
Diluted Earnings Per Share	-$2.70	-$1.06
COMMON SHARES
Basic Shares Outstanding	1.147M	1.133M
Diluted Shares Outstanding	3.941M	1.666M

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$85.45M	$9.283M
YoY Change	820.54%	-22.64%
Cash & Equivalents	$85.45M	$9.283M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$78.02M	$105.1M
Other Receivables	$17.01M	$8.196M
Total Short-Term Assets	$180.5M	$122.5M
YoY Change	47.27%	-10.55%
LONG-TERM ASSETS
Property, Plant & Equipment	$6.867M	$8.081M
YoY Change	-15.02%
Goodwill	$109.0K	$7.992M
YoY Change	-98.64%	0.0%
Intangibles	$166.0K	$166.0K
YoY Change	0.0%	0.0%
Long-Term Investments	$5.789M	$3.767M
YoY Change	53.68%	-98.13%
Other Assets
YoY Change
Total Long-Term Assets	$6.416B	$4.829B
YoY Change	32.87%	112.16%
TOTAL ASSETS
Total Short-Term Assets	$180.5M	$122.5M
Total Long-Term Assets	$6.416B	$4.829B
Total Assets	$6.597B	$4.951B
YoY Change	33.23%	105.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$283.0M	$174.8M
YoY Change	61.92%	85.95%
Accrued Expenses	$15.75M	$10.60M
YoY Change	48.57%	960.2%
Deferred Revenue
YoY Change
Short-Term Debt	$6.066B	$4.561B
YoY Change	33.01%	115.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.365B	$4.746B
YoY Change	34.11%	114.85%
LONG-TERM LIABILITIES
Long-Term Debt	$78.77M	$62.34M
YoY Change	26.36%	2.19%
Other Long-Term Liabilities	$114.8M	$98.25M
YoY Change	16.82%	3.42%
Total Long-Term Liabilities	$193.5M	$160.6M
YoY Change	20.52%	2.94%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.365B	$4.746B
Total Long-Term Liabilities	$193.5M	$160.6M
Total Liabilities	$6.560B	$4.909B
YoY Change	33.64%	106.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$37.68M	-$33.44M
YoY Change	12.7%
Common Stock	$12.00K	$12.00K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$30.04M	$34.35M
YoY Change
Total Liabilities & Shareholders Equity	$6.597B	$4.951B
YoY Change	33.23%	105.19%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	-$3.102M	-$1.202M
YoY Change	158.07%	-18.45%
Depreciation, Depletion And Amortization	$80.00K	$81.00K
YoY Change	-1.23%	-19.0%
Cash From Operating Activities	$64.47M	-$9.270M
YoY Change	-795.47%	-299.14%
INVESTING ACTIVITIES
Capital Expenditures	$63.00K	$20.00K
YoY Change	215.0%	-48.72%
Acquisitions
YoY Change
Other Investing Activities	$93.00K	$908.0K
YoY Change	-89.76%	-105.78%
Cash From Investing Activities	$30.00K	$888.0K
YoY Change	-96.62%	-105.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$65.00K
YoY Change	-100.0%	-8.45%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	12.72M	3.564M
YoY Change	256.93%	-2016.13%
NET CHANGE
Cash From Operating Activities	64.47M	-9.270M
Cash From Investing Activities	30.00K	888.0K
Cash From Financing Activities	12.72M	3.564M
Net Change In Cash	77.15M	-4.823M
YoY Change	-1699.63%	-57.14%
FREE CASH FLOW
Cash From Operating Activities	$64.47M	-$9.270M
Capital Expenditures	$63.00K	$20.00K
Free Cash Flow	$64.41M	-$9.290M
YoY Change	-793.29%	-301.26%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q1	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	106000
CY2020Q1	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	78000
CY2019Q1	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	133000
CY2020Q1	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	-123000
CY2019Q1	cohn	Business Development Occupancy Equipment BusinessDevelopmentOccupancyEquipment	811000
CY2020Q1	cohn	Business Development Occupancy Equipment BusinessDevelopmentOccupancyEquipment	756000
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-11885000
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-1815000
CY2019Q1	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-1069000
CY2020Q1	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-3225000
CY2019Q4	cohn	Common Stock Unvested Restricted Share Awards CommonStockUnvestedRestrictedShareAwards	73715
CY2020Q1	cohn	Common Stock Unvested Restricted Share Awards CommonStockUnvestedRestrictedShareAwards	86566
CY2019Q1	cohn	Dividends And Distributions DividendsAndDistributions	396000
CY2020Q1	cohn	Dividends And Distributions DividendsAndDistributions	62000
CY2019Q1	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	53000
CY2020Q1	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	966000
CY2019Q1	cohn	Equity Based Compensation And Vesting Of Shares EquityBasedCompensationAndVestingOfShares	172000
CY2020Q1	cohn	Equity Based Compensation And Vesting Of Shares EquityBasedCompensationAndVestingOfShares	158000
CY2019Q1	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Accretion FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretion	106000
CY2020Q1	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Accretion FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretion	78000
CY2019Q1	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Trading FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetTrading
CY2020Q1	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Trading FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetTrading	-78000
CY2019Q1	cohn	Increase Decrease Due To Recorded Interest Income In Redeemable Financial Instruments IncreaseDecreaseDueToRecordedInterestIncomeInRedeemableFinancialInstruments	37000
CY2020Q1	cohn	Increase Decrease Due To Recorded Interest Income In Redeemable Financial Instruments IncreaseDecreaseDueToRecordedInterestIncomeInRedeemableFinancialInstruments	76000
CY2020Q1	cohn	Increase Decrease Other Investments IncreaseDecreaseOtherInvestments	7779000
CY2019Q1	cohn	Interest On Margin Payable InterestOnMarginPayable	857000
CY2020Q1	cohn	Interest On Margin Payable InterestOnMarginPayable	599000
CY2019Q4	cohn	Interest Payable Securities Sold Not Yet Purchased InterestPayableSecuritiesSoldNotYetPurchased	914000
CY2020Q1	cohn	Interest Payable Securities Sold Not Yet Purchased InterestPayableSecuritiesSoldNotYetPurchased	882000
CY2019	cohn	Intraday Lending Facility Accrued Interest IntradayLendingFacilityAccruedInterest	2000
CY2020Q1	cohn	Intraday Lending Facility Annual Interest Rate IntradayLendingFacilityAnnualInterestRate	0.0012
CY2019Q4	cohn	Intraday Lending Facility Commitment Amount IntradayLendingFacilityCommitmentAmount	32820000
CY2019Q4	cohn	Other Investments Fair Value Disclosure OtherInvestmentsFairValueDisclosure	14864000
CY2019Q4	cohn	Management Fee Receivable ManagementFeeReceivable	1159000
CY2020Q1	cohn	Management Fee Receivable ManagementFeeReceivable	886000
CY2020Q1	cohn	Membership Units Received Net Of Surrenders MembershipUnitsReceivedNetOfSurrenders	402350
CY2019Q1	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2020Q1	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2019Q1	cohn	Noncontrolling Interest Decrease Increase Net NoncontrollingInterestDecreaseIncreaseNet	-2550000
CY2019	cohn	Number Of Counterparties Related To Reverse Repurchase Agreements NumberOfCounterpartiesRelatedToReverseRepurchaseAgreements	41
CY2020Q1	cohn	Number Of Counterparties Related To Reverse Repurchase Agreements NumberOfCounterpartiesRelatedToReverseRepurchaseAgreements	30
	cohn	Number Of Investment Agreements NumberOfInvestmentAgreements	2
CY2020Q1	cohn	Number Of Major Groups Of Repo Business NumberOfMajorGroupsOfRepoBusiness	2
CY2019Q4	cohn	Other Investment Cost OtherInvestmentCost	14315000
CY2020Q1	cohn	Other Investment Cost OtherInvestmentCost	12243000
CY2020Q1	cohn	Intraday Lending Facility Commitment Amount IntradayLendingFacilityCommitmentAmount	75000000
CY2019Q4	cohn	Intraday Lending Facility Line Of Credit IntradayLendingFacilityLineOfCredit	32818000
CY2020Q1	cohn	Intraday Lending Facility Line Of Credit IntradayLendingFacilityLineOfCredit	0
CY2020Q1	cohn	Intraday Lending Facility Renewal Period IntradayLendingFacilityRenewalPeriod	P364D
CY2020Q1	cohn	Intraday Lending Facility Termination Date IntradayLendingFacilityTerminationDate	2020-10-16
CY2020Q1	cohn	Investment Agreement Alternative Period Of Required Prior Written Notice Contingency InvestmentAgreementAlternativePeriodOfRequiredPriorWrittenNoticeContingency	P60D
CY2020Q1	cohn	Investment Agreement Writtent Notice Period For Termination InvestmentAgreementWrittentNoticePeriodForTermination	P90D
CY2020Q1	cohn	Investments In And Advance To Affiliates Amount Of Equity InvestmentsInAndAdvanceToAffiliatesAmountOfEquity	2097000
CY2020Q1	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	40000
CY2019Q4	cohn	Receivables From Unsettled Regular Way Trades Net ReceivablesFromUnsettledRegularWayTradesNet	12170000
CY2020Q1	cohn	Receivables From Unsettled Regular Way Trades Net ReceivablesFromUnsettledRegularWayTradesNet	11260000
CY2020Q1	cohn	Other Investments Fair Value Disclosure OtherInvestmentsFairValueDisclosure	10057000
CY2019Q4	cohn	Other Investments Measured Using Fair Value Hierarchy Fair Value Disclosure OtherInvestmentsMeasuredUsingFairValueHierarchyFairValueDisclosure	11973000
CY2020Q1	cohn	Other Investments Measured Using Fair Value Hierarchy Fair Value Disclosure OtherInvestmentsMeasuredUsingFairValueHierarchyFairValueDisclosure	7431000
CY2019Q4	cohn	Other Investments Unrealized Gain Loss OtherInvestmentsUnrealizedGainLoss	549000
CY2020Q1	cohn	Other Investments Unrealized Gain Loss OtherInvestmentsUnrealizedGainLoss	-2186000
CY2019Q4	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	595000
CY2020Q1	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	647000
CY2019Q1	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	414000
CY2020Q1	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	-2406000
CY2019Q1	cohn	Proceeds From Payments For Redeemable Financial Instruments ProceedsFromPaymentsForRedeemableFinancialInstruments	1268000
CY2020Q1	cohn	Ratio Of Common Stock To Membership Units RatioOfCommonStockToMembershipUnits	0.1
CY2019Q1	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	419000
CY2019Q1	cohn	Reclassification Of Residential Transition Loans ReclassificationOfResidentialTransitionLoans
CY2020Q1	cohn	Reclassification Of Residential Transition Loans ReclassificationOfResidentialTransitionLoans	5278000
CY2019Q4	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	16983000
CY2020Q1	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	16907000
CY2019Q1	cohn	Redeemable Noncontrolling Interest Membership Units Not Held Share Ratio RedeemableNoncontrollingInterestMembershipUnitsNotHeldShareRatio	10
CY2020Q1	cohn	Redeemable Noncontrolling Interest Membership Units Not Held Share Ratio RedeemableNoncontrollingInterestMembershipUnitsNotHeldShareRatio	10
CY2019Q1	cohn	Subscriptions Clearing And Execution SubscriptionsClearingAndExecution	2273000
CY2020Q1	cohn	Subscriptions Clearing And Execution SubscriptionsClearingAndExecution	2580000
CY2019Q4	cohn	Trading Receivable Net TradingReceivableNet	41172000
CY2020Q1	cohn	Trading Receivable Net TradingReceivableNet	4838000
CY2019Q1	cohn	Trading Securities Interest Expense Credit Facility TradingSecuritiesInterestExpenseCreditFacility	5000
CY2020Q1	cohn	Trading Securities Interest Expense Credit Facility TradingSecuritiesInterestExpenseCreditFacility	39000
CY2019Q1	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	36381000
CY2020Q1	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	34766000
CY2019Q1	cohn	Trading Securities Interest Income TradingSecuritiesInterestIncome	1615000
CY2020Q1	cohn	Trading Securities Interest Income TradingSecuritiesInterestIncome	2477000
CY2019Q1	cohn	Trading Securities Interest Income Loans Held For Sale TradingSecuritiesInterestIncomeLoansHeldForSale	15000
CY2019Q1	cohn	Trading Securities Interest Income Receivables Under Resale Agreements TradingSecuritiesInterestIncomeReceivablesUnderResaleAgreements	37483000
CY2020Q1	cohn	Trading Securities Interest Income Receivables Under Resale Agreements TradingSecuritiesInterestIncomeReceivablesUnderResaleAgreements	41485000
CY2019Q1	cohn	Trading Securities Realized And Unrealized Gains Losses TradingSecuritiesRealizedAndUnrealizedGainsLosses	6854000
CY2020Q1	cohn	Trading Securities Realized And Unrealized Gains Losses TradingSecuritiesRealizedAndUnrealizedGainsLosses	10003000
CY2019Q1	cohn	Unrestricted Units Exchangeable Into Shares UnrestrictedUnitsExchangeableIntoShares	532409
CY2020Q1	cohn	Unrestricted Units Exchangeable Into Shares UnrestrictedUnitsExchangeableIntoShares	2793798
CY2020Q1	cohn	Vesting Of Shares VestingOfShares	55278
CY2020Q1	dei	Amendment Flag AmendmentFlag	false
CY2020Q1	dei	City Area Code CityAreaCode	215
CY2020Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2020Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2020Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2020
CY2020Q1	dei	Document Period End Date DocumentPeriodEndDate	2020-03-31
CY2020Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2020Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q1	dei	Document Type DocumentType	10-Q
CY2020Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	2929 Arch Street
CY2020Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1703
CY2020Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Philadelphia
CY2020Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	19104
CY2020Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2020Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001270436
CY2020Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1246710
CY2020Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2020Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2020Q1	dei	Entity File Number EntityFileNumber	001-32026
CY2020Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2020Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2020Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q1	dei	Entity Registrant Name EntityRegistrantName	Cohen & Co Inc.
CY2020Q1	dei	Entity Shell Company EntityShellCompany	false
CY2020Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2020Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	16-1685692
CY2020Q1	dei	Local Phone Number LocalPhoneNumber	701-9555
CY2020Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
CY2020Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2020Q1	dei	Trading Symbol TradingSymbol	COHN
CY2019Q4	srt	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	241261000
CY2020Q1	srt	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	201242000
CY2019Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	20295000
CY2020Q1	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	81781000
CY2019Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	20295000
CY2020Q1	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	81781000
CY2019Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	362000
CY2020Q1	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	141000
CY2019Q4	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	150000
CY2020Q1	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	115000
CY2019Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3549000
CY2020Q1	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	10521000
CY2019Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	729000
CY2020Q1	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	677000
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-915000
CY2020Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-936000
CY2019Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	68714000
CY2020Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	68622000
CY2019Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	128000
CY2020Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	54000
CY2019Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	122000
CY2020Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	166000
CY2019Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1659134
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1080373
CY2019Q4	us-gaap	Assets Assets	8001624000
CY2020Q1	us-gaap	Assets Assets	6596540000
CY2020Q1	us-gaap	Assets Under Management Carrying Amount AssetsUnderManagementCarryingAmount	2650000000
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14106000
CY2019Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9283000
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8304000
CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	85454000
CY2019Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4823000
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	77150000
CY2019Q4	us-gaap	Collateralized Financings CollateralizedFinancings	9524000
CY2020Q1	us-gaap	Collateralized Financings CollateralizedFinancings	74692000
CY2019Q4	us-gaap	Commissions Payable To Broker Dealers And Clearing Organizations CommissionsPayableToBrokerDealersAndClearingOrganizations	32820000
CY2019Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2020Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2019Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.20
CY2019Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2020Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2020Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1193624
CY2020Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1246710
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1193624
CY2020Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1246710
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	12000
CY2020Q1	us-gaap	Common Stock Value CommonStockValue	12000
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1196000
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3131000
CY2019Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-619000
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-8754000
CY2019Q1	us-gaap	Costs And Expenses CostsAndExpenses	11208000
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	27215000
CY2019Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	58635000
CY2020Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	61501000
CY2019Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	301000
CY2020Q1	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	241000
CY2019Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-114000
CY2020Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-396000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1339000
CY2020Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	943000
CY2019Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	91000
CY2020Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	98000
CY2020Q1	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent DefinedContributionPlanEmployerMatchingContributionPercent	0.03
CY2020Q1	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	0.50
CY2019Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	81000
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	80000
CY2019Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	669000
CY2020Q1	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	1181000
CY2019Q1	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-622000
CY2020Q1	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-8523000
CY2020Q1	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	335000
CY2019Q4	us-gaap	Due From Related Parties DueFromRelatedParties	466000
CY2020Q1	us-gaap	Due From Related Parties DueFromRelatedParties	411000
CY2019Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	403000
CY2020Q1	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	814000
CY2020Q1	us-gaap	Due To And From Broker Dealers And Clearing Organizations Disclosure DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">6. RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;"> </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES</font></p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(Dollars in Thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">March 31, 2020</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">December 31, 2019</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Deposits with clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">250  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">250  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Unsettled regular way trades, net</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">11,260  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">12,170  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Receivables from clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">66,094  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">83,712  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">     Receivables from brokers, dealers, and clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">77,604  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">96,132  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0.05pt 0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> </table></div> <p style="margin:0pt;text-indent:24.5pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Amounts payable to brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES</font></p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(Dollars in Thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">March 31, 2020</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">December 31, 2019</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Margin payable</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">201,242  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">208,441  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Due to clearing agent</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3.25pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">  -</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">32,820  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">     Payables to brokers, dealers, and clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">201,242  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">241,261  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Deposits with clearing agencies represent contractual amounts the Company is required to deposit with its clearing agents. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Securities transactions that settle in the regular way are recorded on the trade date, as if they had settled. The related amounts receivable and payable for unsettled securities transactions are recorded net in receivables from or payables to brokers, dealers, and clearing agencies on the Company’s consolidated balance sheets. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Receivables from clearing agencies are primarily comprised of (i) cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent and (ii) cash deposited with the FICC to support the Company’s General Collateral Funding (“GCF”) matched book repo business. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Margin payable represents amounts borrowed from Pershing, LLC to finance the Company’s trading portfolio.  Substantially all of the Company’s investments-trading and deposits with clearing agencies serve as collateral for the margin payable.  See note 5 for interest expense incurred on margin payable.</font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Due to clearing agent represents amounts due to Bank of New York under the Company’s intra-day and overnight lending facility supporting the GCF matched repo business. See note 10.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"> </font> </p> <p><font size="1"> </font></p> </div> </div>
CY2019Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.06
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.70
CY2019Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.06
CY2020Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.70
CY2019Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-5000
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-71000
CY2019Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	4046000
CY2020Q1	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	8360000
CY2019Q4	us-gaap	Equity Method Investments EquityMethodInvestments	3799000
CY2020Q1	us-gaap	Equity Method Investments EquityMethodInvestments	5789000
CY2019Q4	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets	3799000
CY2020Q1	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets	5789000
CY2019Q1	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-33000
CY2020Q1	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-385000
CY2019Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	33000
CY2020Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	603000
CY2019Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
CY2020Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	609000
CY2019Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	50000
CY2020Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	2973000
CY2018Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2756000
CY2019Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2779000
CY2019Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2522000
CY2020Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	4833000
CY2019Q4	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	7769693000
CY2020Q1	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	6167233000
CY2019Q4	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	7561978000
CY2020Q1	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	6035939000
CY2019Q1	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	249000
CY2020Q1	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	-2695000
CY2020Q1	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0
CY2019Q4	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	77947000
CY2020Q1	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	114767000
CY2019Q4	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	83712000
CY2020Q1	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	66094000
CY2019Q4	us-gaap	Goodwill Goodwill	7992000
CY2020Q1	us-gaap	Goodwill Goodwill	109000
CY2020Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	7883000
CY2019Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1930000
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-12157000
CY2019Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-8000
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-107000
CY2019Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	4000
CY2020Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	4000
CY2019Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-106000
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-372000
CY2019Q1	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	13279000
CY2020Q1	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	21491000
CY2019Q1	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	168000
CY2020Q1	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	55000
CY2019Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-3310000
CY2020Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	4314000
CY2019Q1	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	-21877000
CY2020Q1	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	36820000
CY2019Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	233000
CY2020Q1	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	61079000
CY2019Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-258000
CY2020Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-5645000
CY2019Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-3894000
CY2020Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-29618000
CY2019Q1	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	-3111051000
CY2020Q1	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	-1468071000
CY2019Q1	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	-3121841000
CY2020Q1	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	-1485564000
CY2019Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-15762000
CY2020Q1	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	67893000
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
CY2020Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
CY2019Q1	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	39113000
CY2020Q1	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	43962000
CY2019Q1	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	37243000
CY2020Q1	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	35404000
CY2019Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-1854000
CY2020Q1	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-2605000
CY2019Q1	us-gaap	Interest Paid Net InterestPaidNet	2070000
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	2033000
CY2019Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	711000
CY2020Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	738000
CY2019Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	6364000
CY2020Q1	us-gaap	Labor And Related Expense LaborAndRelatedExpense	14134000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	9229000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	4094000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	983000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	950000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	933000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1108000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	1161000
CY2020Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1838000
CY2019Q4	us-gaap	Liabilities Liabilities	7952868000
CY2020Q1	us-gaap	Liabilities Liabilities	6559627000
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8001624000
CY2020Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6596540000
CY2019Q4	us-gaap	Loans Receivable Held For Sale Amount LoansReceivableHeldForSaleAmount	5323000
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	48861000
CY2020Q1	us-gaap	Long Term Debt LongTermDebt	61864000
CY2019Q4	us-gaap	Minority Interest MinorityInterest	15437000
CY2020Q1	us-gaap	Minority Interest MinorityInterest	6871000
CY2020Q1	us-gaap	Nature Of Operations NatureOfOperations	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:12pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">1. ORGANIZATION AND NATURE OF OPERATIONS </font> </p> <p style="margin:6pt 0pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">Organizational History</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Cohen Brothers, LLC (“Cohen Brothers”) was formed on October 7, 2004 by Cohen Bros. Financial, LLC (“CBF”). Cohen Brothers was established to acquire the net assets of CBF’s subsidiaries (the “Formation Transaction</font><font style="display: inline;">”): Cohen Bros. & Company, Inc.; Cohen Frères SAS; Dekania Investors, LLC; Emporia Capital Management, LLC; and the majority interest in Cohen Bros. & Toroian Investment Management, Inc. The Formation Transaction was accomplished through a series of transactions</font><font style="display: inline;"> occurring between March 4, 2005 and May 31, 2005. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">From its formation until December 16, 2009, Cohen Brothers operated as a privately-owned limited liability company. On December 16, 2009, Cohen Brothers completed its merger (the “Merger”) with a subsidiary of Alesco Financial Inc. (“AFN”), a publicly traded real estate investment trust. </font> </p> <p style="margin:7pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">As a result of the Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued units of membership interests directly from Cohen Brothers. In addition, AFN received additional Cohen Brothers membership interests directly from its members in exchange for AFN common stock. In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the Merger was accounted for as a reverse acquisition, and Cohen Brothers was deemed to be the accounting acquirer. As a result, all of AFN’s assets and liabilities were required to be revalued at fair value as of the acquisition date. The remaining units of membership interests of Cohen Brothers that were not held by AFN were included as a component of non-controlling interest in the consolidated balance sheets. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Subsequent to the Merger, AFN was renamed Cohen & Company Inc. In January 2011, it was renamed again as Institutional Financial Markets, Inc. (“IFMI”) and on September 1, 2017 it was renamed again as Cohen & Company Inc.  Effective January 1, 2010, the Company ceased to qualify as a REIT.  </font> </p> <p style="margin:10pt 0pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">The Company</font> </p> <p style="margin:7pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company is a financial services company specializing in fixed income markets. As of </font><font style="display: inline;">March 31, 2020</font><font style="display: inline;">, the Company had </font><font style="display: inline;">$2.65</font><font style="display: inline;"> billion in assets under management (“AUM”) of which </font><font style="display: inline;">79.0%</font><font style="display: inline;">, or </font><font style="display: inline;">$2.10</font><font style="display: inline;"> billion, was in collateralized debt obligations (“CDOs”). The remaining portion of AUM is from a diversified mix of Investment Vehicles (as defined herein). </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In these financial statements, the </font><font style="display: inline;">“Company”</font><font style="display: inline;"> refers to Cohen & Company Inc. and its subsidiaries on a consolidated basis. Cohen & Company, LLC or the </font><font style="display: inline;">“Operating LLC”</font><font style="display: inline;"> refers to the main operating subsidiary of the Company.  </font><font style="display: inline;">“Cohen Brothers”</font><font style="display: inline;"> refers to the pre-Merger Cohen Brothers, LLC and its subsidiaries. “AFN” refers to the pre-merger Alesco Financial Inc. and its subsidiaries. When the term “Cohen & Company Inc.” is used, it is referring to the parent company itself. </font><font style="display: inline;">“JVB Holdings”</font><font style="display: inline;"> refers to J.V.B. Financial Holdings, LLC; </font><font style="display: inline;">“JVB”</font><font style="display: inline;"> refers to J.V.B. Financial Group LLC, a broker-dealer subsidiary; </font><font style="display: inline;">“CCFL”</font><font style="display: inline;"> refers to Cohen & Company Financial Limited (formerly known as EuroDekania Management LTD), a subsidiary regulated by the Financial Conduct Authority (formerly known as Financial Services Authority) in the United Kingdom; “CCFEL” refers to Cohen & Company Financial (Europe) Limited, a subsidiary regulated by the Central Bank of Ireland in Ireland; and “EuroDekania” refers to EuroDekania (Cayman) Ltd., a Cayman Islands exempted company that is externally managed by CCFL.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company’s business is organized into the following </font><font style="display: inline;">three</font><font style="display: inline;"> business segments. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.45pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Capital Markets</font><font style="display: inline;">: The Company’s Capital Markets business segment consists primarily of fixed income sales, trading, matched book repurchase agreement (“repo”) financing, new issue placements in corporate and securitized products, and advisory services. The Company’s fixed income sales and trading group provides trade execution to corporate investors, institutional investors, mortgage originators, and other smaller broker-dealers. The Company specializes in a variety of products, including but not limited to: corporate bonds, asset backed securities (“ABS”), mortgage backed securities (“MBS”), residential mortgage backed securities (“RMBS”), CDOs, collateralized loan obligations (“CLOs”), collateralized bond obligations (“CBOs”), collateralized mortgage obligations (“CMOs”), municipal securities, to-be-announced securities (“TBAs”) and other forward agency MBS contracts, Small Business Administration (“SBA”) loans, U.S. government bonds, U.S. government agency securities, brokered deposits and certificates of deposit (“CDs”) for small banks, and hybrid capital of financial institutions including trust preferred securities (“TruPS”), whole loans, residential transition loans, (“RTLs”), and other structured financial instruments. The Company also offers execution and brokerage services for equity products. The Company operates its capital markets activities primarily through its subsidiaries: JVB in the United States, and CCFL and CCFEL in Europe.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:22.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Asset Management</font><font style="display: inline;">: The Company’s Asset Management business segment manages assets within CDOs, managed accounts, joint ventures, and investment funds (collectively referred to as “Investment Vehicles”). A CDO is a form of secured borrowing. The borrowing is secured by different types of fixed income assets such as corporate or mortgage loans or bonds. The borrowing is in the form of a securitization, which means that the lenders are actually investing in notes backed by the assets. In the event of default, the lenders will have recourse only to the assets securing the loan. The Company’s Asset Management business segment includes its fee-based asset management operations, which include ongoing base and incentive management fees. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:22.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Principal Investing</font><font style="display: inline;">: The Company’s Principal Investing business segment is comprised of investments that the Company has made for the purpose of earning an investment return rather than investments made to support the Company’s trading, matched book repo, or other Capital Markets business segment activities.  These investments are included in the Company’s other investments, at fair value and investments in equity method affiliates in the Company’s consolidated balance sheets. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company generates its revenue by business segment primarily through the following activities.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Capital Markets </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <a name="_c526668a5391476bb38c9a818f1295b2"></a><a name="_2f1baf32d25342a99fc808e322c626b9"></a><a name="_e2947f150db54ab7b5363537e53c402c"></a><a name="_29ff5a578ef64ee98769ab9d683bebe3"></a><a name="_cfa947210b1643ebb8b0dbcf4dc39a8f"></a><a name="_d3e5049644094eda89a9e3563c35318a"></a><a name="_c57bf1f7ca5a4ed6869ca75242318b3e"></a><a name="_5ee78ce666214e65beca645d09f29679"></a><a name="_a2770a8b3b984f16b43d57da9e9cb10c"></a><a name="_aac23c2b58624f80aa3b5d44c2917bda"></a><a name="_592230618e6f4faa9ef3a87d43a2af63"></a><a name="_dd66bf4d5afc4d20a98e77787b1fb508"></a><a name="_857524bdf35d40dda832e3f0bb5cbe5e"></a><a name="_3da9efff7e9748499adb07cf1ae6370f"></a><a name="_e270485ebb91410098f92a442e18be4f"></a><a name="_d0e534fa647f4cb88685f6305a73af22"></a><a name="_d5778631fe6f49ebbc126f613e57474e"></a><a name="_db23443f36e74e56a72848badf5b75b5"></a><a name="_e4ae5dd19cd446949f767c084bd698b6"></a><a name="_21be88c5f92f4ff6834f422f1dff291e"></a><a name="_fe7478ba3a5d48d6b52ae2cb08a3a424"></a><a name="_08578e50329445f2bdef5e46937f77b4"></a><a name="_d58f8479b4084deaab5ae27422eae8f0"></a><a name="_14bcc0933f634562bf6a16605e99e3e2"></a><a name="_be39affba5f142baac2a215ae65f7937"></a><a name="_834e4ed4959247b58e0c6e7b117f7051"></a><a name="_b128b3271d154496ae5bd3b19f0df3cb"></a><a name="_550cd65159e7401e96175fa2912da384"></a><a name="_80aa39b7d6854581af486f07742596e4"></a><a name="_a2f022a337034fe6855a15961075b8c9"></a><a name="_6cdce6fd57604b8a9dee6e5f3142dd36"></a><a name="_617883d69b074e1487169923de0b1415"></a><a name="_9c6bc1a0b3a34e0da61e5bf41ead3762"></a><a name="_87c67b21d6ce4c808ae6a97792975f72"></a><a name="_237c709d421f4d14ac28dc9ca764c9b5"></a><a name="_c59423d840a24510993d3626e6551cb4"></a><a name="_7e137071d24a4a73a9ac95e8e17d69ed"></a><a name="_324c5cd6e5d842ca8f74465e4e8ccbb0"></a><a name="_f3e7bc142fe64508b0fd84de045b5055"></a><a name="_3b64738393b749d7b7858701bccb89bd"></a><font style="display: inline;color:#000000;">Trading activities of the Company, which include execution and brokerage services, riskless trading activities as well as gains and losses (unrealized and realized) and income and expense earned on securities and derivatives classified as trading; </font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Net interest income on the Company’s matched book repo financing activities; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;border-top:1pt none #D9D9D9;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">New issue and advisory revenue comprised primarily of (i) new issue revenue associated with originating, arranging, or placing newly created financial instruments and (ii) revenue from advisory services.</font></p></td></tr></table></div> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;color:#000000;">Asset Management </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Asset management fees for the Company’s on-going asset management services provided to certain Investment Vehicles, which may include fees both senior and subordinate to the securities in the Investment Vehicle, and incentive management fees earned based on the performance of the various Investment Vehicles.</font></p></td></tr></table></div> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;color:#000000;">Principal Investing </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments, at fair value.</font></p></td></tr></table></div> <p><font size="1"> </font></p> </div> </div>
CY2019Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3564000
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	12721000
CY2019Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	888000
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	30000
CY2019Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9270000
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	64470000
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-1202000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-3102000
CY2019Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-622000
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-8683000
CY2019Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-1771000
CY2020Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-10659000
CY2020Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3
CY2019Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-68000
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-9445000
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	7693000
CY2020Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	7391000
CY2020Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	403000
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7155000
CY2020Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	6867000
CY2019Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	390000
CY2020Q1	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	378000
CY2020Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0536
CY2020Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y2M12D
CY2019Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	7652000
CY2020Q1	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3837000
CY2019Q4	us-gaap	Other Assets OtherAssets	8433000
CY2020Q1	us-gaap	Other Assets OtherAssets	3059000
CY2019Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	275000
CY2020Q1	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	275000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	9000
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-100000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2020Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	9000
CY2020Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-100000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2020Q1	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2019Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	4844000
CY2020Q1	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	5198000
CY2019Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2020Q1	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2019Q4	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	208441000
CY2020Q1	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	201242000
CY2019Q4	us-gaap	Other Receivables OtherReceivables	46625000
CY2020Q1	us-gaap	Other Receivables OtherReceivables	17007000
CY2019Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	65000
CY2019Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	61000
CY2020Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	62000
CY2019Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	128000
CY2020Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	54000
CY2019Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	3775000
CY2020Q1	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	2097000
CY2019Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	408000
CY2020Q1	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	119000
CY2019Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	20000
CY2020Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	63000
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	27000
CY2020Q1	us-gaap	Preferred Stock Value PreferredStockValue	27000
CY2019Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	796000
CY2020Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1075000
CY2020Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	4500000
CY2020Q1	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
CY2019Q1	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	48000
CY2020Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	17500000
CY2019Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	2550000
CY2019Q1	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	5091000
CY2020Q1	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	2309000
CY2019Q1	us-gaap	Professional Fees ProfessionalFees	1679000
CY2020Q1	us-gaap	Professional Fees ProfessionalFees	1782000
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-1824000
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-11785000
CY2019Q4	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	916000
CY2020Q1	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	899000
CY2019Q4	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	96132000
CY2020Q1	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	77604000
CY2019Q4	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2020Q1	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2020Q1	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	-107000
CY2020Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	9163000
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-34519000
CY2020Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-37683000
CY2019Q1	us-gaap	Revenues Revenues	11140000
CY2020Q1	us-gaap	Revenues Revenues	17770000
CY2019Q4	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	7500002000
CY2020Q1	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	6014438000
CY2019Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	7534443000
CY2020Q1	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	6066372000
CY2019Q4	us-gaap	Security Deposit SecurityDeposit	656000
CY2020Q1	us-gaap	Security Deposit SecurityDeposit	403000
CY2019Q1	us-gaap	Share Based Compensation ShareBasedCompensation	172000
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	158000
CY2019Q4	us-gaap	Shares Outstanding SharesOutstanding	1119909
CY2020Q1	us-gaap	Shares Outstanding SharesOutstanding	1160144
CY2020Q1	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	15043
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	33319000
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	30042000
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	42438000
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	42736000
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	48756000
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	36913000
CY2019Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	65000
CY2019Q1	us-gaap	Sublease Income SubleaseIncome	65000
CY2020Q1	us-gaap	Sublease Income SubleaseIncome	79000
CY2019Q1	us-gaap	Trading Gains Losses TradingGainsLosses	8724000
CY2020Q1	us-gaap	Trading Gains Losses TradingGainsLosses	18561000
CY2019Q4	us-gaap	Trading Securities TradingSecurities	307852000
CY2020Q1	us-gaap	Trading Securities TradingSecurities	375745000
CY2019Q1	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	6295000
CY2020Q1	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	10443000
CY2019Q1	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	559000
CY2020Q1	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-440000
CY2019Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-171000
CY2020Q1	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-2735000
CY2019Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	5413000
CY2020Q1	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	4503000
CY2019	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	2
CY2020Q1	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	2
CY2019Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1665575
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	3940677
CY2019Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1133166
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1146879

Files In Submission

Name	View Source	Status
0001270436-20-000007-index-headers.html	Edgar Link	pending
0001270436-20-000007-index.html	Edgar Link	pending
0001270436-20-000007.txt	Edgar Link	pending
0001270436-20-000007-xbrl.zip	Edgar Link	pending
cohn-20200331.xml	Edgar Link	completed
cohn-20200331.xsd	Edgar Link	pending
cohn-20200331x10q.htm	Edgar Link	pending
cohn-20200331xex31_1.htm	Edgar Link	pending
cohn-20200331xex31_2.htm	Edgar Link	pending
cohn-20200331xex32_1.htm	Edgar Link	pending
cohn-20200331xex32_2.htm	Edgar Link	pending
cohn-20200331_cal.xml	Edgar Link	unprocessable
cohn-20200331_def.xml	Edgar Link	unprocessable
cohn-20200331_lab.xml	Edgar Link	unprocessable
cohn-20200331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R100.htm	Edgar Link	pending
R101.htm	Edgar Link	pending
R102.htm	Edgar Link	pending
R103.htm	Edgar Link	pending
R104.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R82.htm	Edgar Link	pending
R83.htm	Edgar Link	pending
R84.htm	Edgar Link	pending
R85.htm	Edgar Link	pending
R86.htm	Edgar Link	pending
R87.htm	Edgar Link	pending
R88.htm	Edgar Link	pending
R89.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R90.htm	Edgar Link	pending
R91.htm	Edgar Link	pending
R92.htm	Edgar Link	pending
R93.htm	Edgar Link	pending
R94.htm	Edgar Link	pending
R95.htm	Edgar Link	pending
R96.htm	Edgar Link	pending
R97.htm	Edgar Link	pending
R98.htm	Edgar Link	pending
R99.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$COHN
Cohen & Co Inc. Stock $cohn

2020 Q1 Form 10-Q Financial Statement

#000127043620000007 Filed on May 08, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$COHN Cohen & Co Inc. Stock $cohn

2020 Q1 Form 10-Q Financial Statement

#000127043620000007 Filed on May 08, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$COHN
Cohen & Co Inc. Stock $cohn