Segment Information and Revenues (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting Information [Line Items]

Information on Reportable Segments for Reconciliation to Consolidated Net Income

Information on reportable segments currently presented to our chief operating decision maker and a reconciliation to consolidated net income are presented below (in thousands):

	Years Ended December 31,
	2019			2018			2017
Revenue:
Wealth Management	$	507,979		$	373,174		$	348,620
Tax Preparation	209,966			187,282			160,937
Total revenue	717,945			560,456			509,557
Operating income:
Wealth Management	68,292			53,053			50,916
Tax Preparation	96,249			87,249			72,921
Corporate-level activity	(164,532		)	(72,625		)	(75,800		)
Total operating income	9			67,677			48,037
Other loss, net	(16,915		)	(15,797		)	(44,551		)
Income tax benefit (expense)	65,054			(311		)	25,890
Net income	$	48,148		$	51,569		$	29,376

Schedule of Segment Reporting Information, by Segment

Revenues by major category within each segment are presented below (in thousands):

	Years Ended December 31,
	2019		2018		2017
Wealth Management:
Commission	$	191,050	$	164,201	$	160,241
Advisory	252,367		164,353		145,694
Asset-based	48,182		31,456		26,297
Transaction and fee	16,380		13,164		16,388
Total Wealth Management revenue	$	507,979	$	373,174	$	348,620
Tax Preparation:
Consumer	$	195,004	$	172,207	$	147,084
Professional	14,962		15,075		13,853
Total Tax Preparation revenue	$	209,966	$	187,282	$	160,937