Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Information

Certain financial information for the Company’s segments is presented below. See Note 16—“Goodwill and Other Intangible Assets, Net,” for goodwill by reportable segment.

Year ended December 31, 2013 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	491,740	$	—	$	—		$	491,740
Credit		244,546		—		—			244,546
Foreign Exchange		212,120		—		—			212,120
Equities and Other Asset Classes		150,728		—		—			150,728
Real Estate		—		413,018		—			413,018
Real estate management services		—		163,353		—			163,353
Fees from related parties		5,711		—		35,417			41,128
Market data		10,137		—		—			10,137
Software solutions		6,201		—		—			6,201
Other revenues		41,983		434		2,226			44,643
Gain on divestiture and sale of investments		—		—		723,147			723,147
Losses on equity investments		—		—		(9,508	)		(9,508	)
Total non-interest revenues		1,163,166		576,805		751,282			2,491,253
Interest income		1,052		386		5,395			6,833
Total revenues		1,164,218		577,191		756,677			2,498,086
Interest expense		3,498		4		34,830			38,332
Non-interest expenses		957,138		531,616		705,079			2,193,833
Income (loss) from operations before income taxes	$	203,582	$	45,571	$	16,768		$	265,921

Year ended December 31, 2012 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	532,436	$	—	$	—		$	532,436
Credit		284,606		—		—			284,606
Foreign exchange		208,011		—		—			208,011
Equities and other asset classes		156,106		—		—			156,106
Real estate		—		331,010		—			331,010
Real estate management services		—		122,704		—			122,704
Market data		17,302		—		—			17,302
Software solutions		9,962		—		—			9,962
Fees from related parties		11,324		—		41,835			53,159
Losses on equity investments		—		—		(11,775	)		(11,775	)
Other revenues		367		520		3,608			4,495
Gain on divestiture and sale of investments		—		—		52,471			52,471
Total non-interest revenues		1,220,114		454,234		86,139			1,760,487
Interest income		1,295		382		4,829			6,506
Total revenues		1,221,409		454,616		90,968			1,766,993
Interest expense		6,246		257		28,382			34,885
Non-interest expenses		1,000,865		431,469		244,037			1,676,371
Income (loss) from operations before income taxes	$	214,298	$	22,890	$	(181,451	)	$	55,737

Year ended December 31, 2011 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	578,453	$	—	$	—		$	578,453
Credit		314,982		—		—			314,982
Foreign exchange		218,352		—		—			218,352
Equities and other asset classes		214,497		—		—			214,497
Real estate		—		44,980		—			44,980
Real estate management services		—		1,222		—			1,222
Market data		17,772		—		—			17,772
Software solutions		9,190		—		—			9,190
Fees from related parties		13,250		—		48,977			62,227
Losses on equity investments		—		—		(6,605	)		(6,605	)
Other revenues		1,920		1,390		864			4,174
Total non-interest revenues		1,368,416		47,592		43,236			1,459,244
Interest income		1,490		90		3,861			5,441
Total revenues		1,369,906		47,682		47,097			1,464,685
Interest expense		1,470		184		22,952			24,606
Non-interest expenses		1,079,959		41,753		264,008			1,385,720
Income (loss) from operations before income taxes	$	288,477	$	5,745	$	(239,863	)	$	54,359

Total Assets by Reportable Segment

Total assets by reportable segment (in thousands):

Total Assets (1)	Financial Services		Real Estate Services		Total
At December 31, 2013	$	1,802,255	$	277,108	$	2,079,363
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 years ended December 31, 2013, 2012 and 2011, respectively, and for the each of the fiscal quarters in the year ended December 31, 2013 is as follows (in thousands):

	Year Ended December 31,
	2013		2012		2011
Revenues:
United States	$	1,740,099	$	930,269	$	540,376
United Kingdom		412,227		470,513		496,251
Asia		173,227		196,842		221,319
France		89,223		94,682		124,293
Other Americas		36,770		40,124		44,230
Other Europe/MEA		46,540		34,563		38,216
Total revenues	$	2,498,086	$	1,766,993	$	1,464,685

	Three Months Ended
	December 31, 2013		September 30, 2013		June 30, 2013		March 31, 2013
Revenues:
United States	$	263,608	$	258,330	$	987,311	$	230,850
United Kingdom		88,737		95,964		111,995		115,531
Asia		36,077		41,419		48,058		47,673
France		20,015		19,627		21,988		27,593
Other Americas		7,756		8,034		10,430		10,550
Other Europe/MEA		10,412		9,971		13,385		12,772
Total revenues	$	426,605	$	433,345	$	1,193,167	$	444,969

Information Regarding Long-Lived Assets in Geographic Areas

Information regarding long-lived assets (defined as loans, forgivable loans and other receivables from employees and partners, net; fixed assets, net; certain other investments; goodwill; other intangible assets, net of accumulated amortization; and rent and other deposits) in the geographic areas as of December 31, 2013 and 2012, respectively, is as follows (in thousands):

	December  31, 2013		December  31, 2012
Long-lived assets:
United States	$	278,593	$	350,449
United Kingdom		125,309		115,821
Asia		37,872		57,490
France		9,295		15,529
Other Americas		13,434		16,066
Other Europe/MEA		4,208		4,013
Total long-lived assets	$	468,711	$	559,368