Quarterly report pursuant to Section 13 or 15(d)

Revision of Financial Statement (Details)

v3.10.0.1
Revision of Financial Statement (Details) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Mar. 31, 2018
ASSETS      
Cash and cash equivalents $ 45,057    
Restricted cash 24,802    
Trading securities 184,350    
Available-for-sale securities, at fair value 2    
Brokerage and other receivables, net 42,245    
Loans issued 16,757    
Deferred tax assets 812    
Fixed assets, net 2,471    
Intangible assets, net 4,807    
Goodwill 3,103    
Other assets, net 4,823    
TOTAL ASSETS 329,229    
LIABILITIES AND STOCKHOLDERS' EQUITY      
Securities sold, not yet purchased - at fair value 1,756    
Loans received 13,977    
Debt securities issued 19,969    
Customer liabilities 40,402    
Trade payables 15,742    
Deferred distribution payments 8,534    
Securities repurchase agreement obligation 114,572    
Other liabilities 2,012    
TOTAL LIABILITIES 216,964    
STOCKHOLDERS' EQUITY      
Preferred stock 0    
Common stock 58    
Additional paid in capital 99,003    
Retained earnings 27,437    
Accumulated other comprehensive loss (14,233)    
TOTAL STOCKHOLDERS' EQUITY 112,265    
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 329,229    
Revenue:      
Fee and commission income 5,428    
Net gain/(loss) on trading securities (3,288)    
Interest income 7,372    
Net gain on derivatives 0    
Net gain/(loss) on foreign exchange operations (2,110)    
TOTAL REVENUE, NET 7,402    
Expense:      
Interest expense 4,614    
Fee and commission expense 764    
Operating expense 9,111    
Other expense/(income), net (54)    
TOTAL EXPENSE 14,435    
NET INCOME BEFORE INCOME TAX (7,033)    
Income tax benefit 150    
NET INCOME (6,883)    
OTHER COMPREHENSIVE INCOME      
Change in unrealized gain on investments available-for-sale, net of tax effect 0    
Foreign currency translation adjustments, net of tax (6,698)    
COMPREHENSIVE INCOME $ (13,559)    
As Previously Reported      
ASSETS      
Cash and cash equivalents     $ 64,531
Restricted cash     13,671
Trading securities     212,319
Available-for-sale securities, at fair value     2
Brokerage and other receivables, net     21,109
Loans issued     8,754
Deferred tax assets     1,046
Fixed assets, net     2,362
Intangible assets, net     0
Goodwill     1,798
Other assets, net     4,494
TOTAL ASSETS     330,086
LIABILITIES AND STOCKHOLDERS' EQUITY      
Securities sold, not yet purchased - at fair value     1,135
Loans received     7,143
Debt securities issued     10,840
Customer liabilities     21,855
Trade payables     8,998
Deferred distribution payments     8,534
Securities repurchase agreement obligation     154,775
Deferred income tax liabilities     387
Other liabilities     1,319
TOTAL LIABILITIES     214,986
STOCKHOLDERS' EQUITY      
Preferred stock     0
Common stock     58
Additional paid in capital     87,049
Retained earnings     35,387
Accumulated other comprehensive loss     (7,394)
TOTAL STOCKHOLDERS' EQUITY     115,100
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     330,086
Revenue:      
Fee and commission income   $ 2,855  
Net gain/(loss) on trading securities   7,009  
Interest income   2,584  
Net gain on derivatives   490  
Net gain/(loss) on foreign exchange operations   617  
TOTAL REVENUE, NET   13,555  
Expense:      
Interest expense   1,987  
Fee and commission expense   238  
Operating expense   2,911  
Other expense/(income), net   78  
TOTAL EXPENSE   5,214  
NET INCOME BEFORE INCOME TAX   8,341  
Income tax benefit   31  
NET INCOME   8,372  
OTHER COMPREHENSIVE INCOME      
Change in unrealized gain on investments available-for-sale, net of tax effect   0  
Foreign currency translation adjustments, net of tax   (1,758)  
COMPREHENSIVE INCOME   6,614  
Revision      
ASSETS      
Cash and cash equivalents     1,200
Restricted cash     8,291
Trading securities     276
Available-for-sale securities, at fair value     238
Brokerage and other receivables, net     3,745
Loans issued     0
Deferred tax assets     (274)
Fixed assets, net     209
Intangible assets, net     5,531
Goodwill     1,490
Other assets, net     79
TOTAL ASSETS     20,785
LIABILITIES AND STOCKHOLDERS' EQUITY      
Securities sold, not yet purchased - at fair value     0
Loans received     0
Debt securities issued     382
Customer liabilities     8,817
Trade payables     15
Deferred distribution payments     0
Securities repurchase agreement obligation     0
Deferred income tax liabilities     (387)
Other liabilities     57
TOTAL LIABILITIES     8,884
STOCKHOLDERS' EQUITY      
Preferred stock     0
Common stock     0
Additional paid in capital     13,131
Retained earnings     (1,067)
Accumulated other comprehensive loss     (163)
TOTAL STOCKHOLDERS' EQUITY     11,901
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     20,785
Revenue:      
Fee and commission income   202  
Net gain/(loss) on trading securities   122  
Interest income   63  
Net gain on derivatives   0  
Net gain/(loss) on foreign exchange operations   42  
TOTAL REVENUE, NET   429  
Expense:      
Interest expense   43  
Fee and commission expense   51  
Operating expense   752  
Other expense/(income), net   (33)  
TOTAL EXPENSE   813  
NET INCOME BEFORE INCOME TAX   (384)  
Income tax benefit   2  
NET INCOME   (382)  
OTHER COMPREHENSIVE INCOME      
Change in unrealized gain on investments available-for-sale, net of tax effect   (59)  
Foreign currency translation adjustments, net of tax   (411)  
COMPREHENSIVE INCOME   (852)  
(Recast)      
ASSETS      
Cash and cash equivalents [1]     65,731
Restricted cash [1]     21,962
Trading securities [1]     212,595
Available-for-sale securities, at fair value [1]     240
Brokerage and other receivables, net [1]     24,854
Loans issued [1]     8,754
Deferred tax assets [1]     772
Fixed assets, net [1]     2,571
Intangible assets, net [1]     5,531
Goodwill [1]     3,288
Other assets, net [1]     4,573
TOTAL ASSETS [1]     350,871
LIABILITIES AND STOCKHOLDERS' EQUITY      
Securities sold, not yet purchased - at fair value [1]     1,135
Loans received [1]     7,143
Debt securities issued [1]     11,222
Customer liabilities [1]     30,672
Trade payables [1]     9,013
Deferred distribution payments [1]     8,534
Securities repurchase agreement obligation [1]     154,775
Deferred income tax liabilities [1]     0
Other liabilities [1]     1,376
TOTAL LIABILITIES [1]     223,870
STOCKHOLDERS' EQUITY      
Preferred stock [1]     0
Common stock [1]     58
Additional paid in capital [1]     100,180
Retained earnings [1]     34,320
Accumulated other comprehensive loss [1]     (7,557)
TOTAL STOCKHOLDERS' EQUITY [1]     127,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY [1]     $ 350,871
Revenue:      
Fee and commission income [1]   3,057  
Net gain/(loss) on trading securities [1]   7,131  
Interest income [1]   2,647  
Net gain on derivatives [1]   490  
Net gain/(loss) on foreign exchange operations [1]   659  
TOTAL REVENUE, NET [1]   13,984  
Expense:      
Interest expense [1]   2,030  
Fee and commission expense [1]   289  
Operating expense [1]   3,663  
Other expense/(income), net [1]   45  
TOTAL EXPENSE [1]   6,027  
NET INCOME BEFORE INCOME TAX [1]   7,957  
Income tax benefit [1]   33  
NET INCOME [1]   7,990  
OTHER COMPREHENSIVE INCOME      
Change in unrealized gain on investments available-for-sale, net of tax effect [1]   (59)  
Foreign currency translation adjustments, net of tax [1]   (2,169)  
COMPREHENSIVE INCOME [1]   $ 5,762  
[1] See Notes 2 and 3 for information regarding recast amounts and basis of financial statement presentation.