Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment reporting information

Certain financial information for the Company’s segments is presented below. See Note 14—“Goodwill and Other Intangible Assets, Net,” for goodwill by reportable segment.

Three months ended June 30, 2013 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	138,299	$	—	$	—		$	138,299
Credit		67,343		—		—			67,343
Foreign Exchange		60,692		—		—			60,692
Equities and Other Asset Classes		40,692		—		—			40,692
Real Estate		—		103,155		—			103,155
Real estate management services		—		39,823		—			39,823
Fees from related parties		2,858		—		9,384			12,242
Market data		3,643		—		—			3,643
Software solutions		2,530		—		—			2,530
Other revenues		—		3		1,171			1,174
Gain on divestiture		—		—		723,147			723,147
Losses on equity investments		—		—		(1,224	)		(1,224	)
Total non-interest revenues		316,057		142,981		732,478			1,191,516
Interest income		281		90		1,280			1,651
Total revenues		316,338		143,071		733,758			1,193,167
Interest expense		1,144		—		8,845			9,989
Non-interest expenses		258,833		133,820		582,274			974,927
Income (loss) from operations before income taxes	$	56,361	$	9,251	$	142,639		$	208,251

Three months ended June 30, 2012 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	134,402	$	—	$	—		$	134,402
Credit		70,084		—		—			70,084
Foreign Exchange		53,240		—		—			53,240
Equities and Other Asset Classes		41,716		—		—			41,716
Real Estate		—		92,682		—			92,682
Real estate management services		—		37,930		—			37,930
Fees from related parties		3,076		—		10,418			13,494
Market data		3,990		—		—			3,990
Software solutions		2,487		—		—			2,487
Other revenues		25		465		132			622
Losses on equity investments		—		—		(2,652	)		(2,652	)
Total non-interest revenues		309,020		131,077		7,898			447,995
Interest income		223		117		1,203			1,543
Total revenues		309,243		131,194		9,101			449,538
Interest expense		1,426		77		6,075			7,578
Non-interest expenses		249,341		125,971		62,198			437,510
Income (loss) from operations before income taxes	$	58,476	$	5,146	$	(59,172	)	$	4,450

Six months ended June 30, 2013 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	283,291	$	—	$	—		$	283,291
Credit		136,485		—		—			136,485
Foreign Exchange		120,040		—		—			120,040
Equities and Other Asset Classes		80,662		—		—			80,662
Real Estate		—		176,404		—			176,404
Real estate management services		—		79,161		—			79,161
Fees from related parties		5,680		—		19,710			25,390
Market data		7,768		—		—			7,768
Software solutions		5,096		—		—			5,096
Other revenues		623		32		1,350			2,005
Gain on divestiture		—		—		723,147			723,147
Losses on equity investments		—		—		(4,512	)		(4,512	)
Total non-interest revenues		639,645		255,597		739,695			1,634,937
Interest income		538		153		2,508			3,199
Total revenues		640,183		255,750		742,203			1,638,136
Interest expense		2,484		1		17,204			19,689
Non-interest expenses		517,282		249,606		629,611			1,396,499
Income (loss) from operations before income taxes	$	120,417	$	6,143	$	95,388		$	221,948

Six months ended June 30, 2012 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	281,286	$	—	$	—		$	281,286
Credit		154,455		—		—			154,455
Foreign Exchange		111,971		—		—			111,971
Equities and Other Asset Classes		85,537		—		—			85,537
Real Estate		—		129,967		—			129,967
Real estate management services		—		41,891		—			41,891
Fees from related parties		5,980		—		20,061			26,041
Market data		8,954		—		—			8,954
Software solutions		4,936		—		—			4,936
Other revenues		46		465		320			831
Losses on equity investments		—		—		(5,108	)		(5,108	)
Total non-interest revenues		653,165		172,323		15,273			840,761
Interest income		714		291		2,733			3,738
Total revenues		653,879		172,614		18,006			844,499
Interest expense		3,080		258		11,798			15,136
Non-interest expenses		515,872		168,459		121,670			806,001
Income (loss) from operations before income taxes	$	134,927	$	3,897	$	(115,462	)	$	23,362

Total assets by reportable segment

Total assets by reportable segment (in thousands):

Total Assets (1)	Financial Services		Real Estate Services		Total
At June 30, 2013	$	3,163,541	$	284,727	$	3,448,268
At December 31, 2012	$	1,357,838	$	281,101	$	1,638,939

(1) Corporate assets have been fully allocated to the Company’s business segments.

Geographic information regarding revenues

Information regarding revenues for the three and six months ended June 30, 2013 and 2012, respectively, in the geographic areas as of June 30, 2013 and December 31, 2012, respectively, were as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Revenues:
U.S.	$	956,897	$	218,906	$	1,160,241	$	364,103
U.K.		140,817		134,355		282,294		277,370
Asia		49,650		52,029		98,882		108,807
France		21,988		22,731		49,582		51,254
Other Americas		10,430		10,818		20,980		22,706
Other Europe/MEA		13,385		10,699		26,157		20,259
Total revenues	$	1,193,167	$	449,538	$	1,638,136	$	844,499

Information regarding long-lived assets in the geographic areas

Information regarding long-lived assets in the geographic areas as of June 30, 2013 and December 31, 2012, respectively, were as follows (in thousands):

	June 30,		December 31,
	2013		2012
Long-lived assets:
U.S.	$	324,114	$	319,185
U.K.		141,718		148,922
Asia		48,231		52,675
France		10,670		12,310
Other Americas		14,930		16,066
Other Europe/MEA		10,241		10,210
Total long-lived assets	$	549,904	$	559,368