Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND STATEMENTS OF OTHER COMPREHENSIVE INCOME/(LOSS) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
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/(LOSS) BEFORE INCOME TAX (7,033)  
Income tax benefit 150  
NET INCOME/(LOSS) (6,883)  
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect 0  
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect 22  
Foreign currency translation adjustments, net of tax (6,698)  
COMPREHENSIVE INCOME/(LOSS) $ (13,559)  
BASIC NET INCOME/(LOSS) PER COMMON SHARE $ (0.12)  
DILUTED NET INCOME/(LOSS) PER COMMON SHARE $ (0.12)  
Weighted average number of shares (basic) 58,033,212  
Weighted average number of shares (diluted) 58,191,542  
(Recast)    
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/(LOSS) BEFORE INCOME TAX [1]   7,957
Income tax benefit [1]   33
NET INCOME/(LOSS) [1]   7,990
OTHER COMPREHENSIVE INCOME/(LOSS)    
Change in unrealized gain on investments available-for-sale, net of tax effect [1]   (59)
Reclassification adjustment relating to available-for-sale investments disposed of in the period, net of tax effect [1]   0
Foreign currency translation adjustments, net of tax [1]   (2,169)
COMPREHENSIVE INCOME/(LOSS) [1]   $ 5,762
BASIC NET INCOME/(LOSS) PER COMMON SHARE [1]   $ 0.71
DILUTED NET INCOME/(LOSS) PER COMMON SHARE [1]   $ 0.71
Weighted average number of shares (basic) [1]   11,306,084
Weighted average number of shares (diluted) [1]   11,306,084
[1] See Notes 2 and 3 for information regarding recast amounts and basis of financial statement presentation.