Segment and Geographic Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Reporting Information

Certain financial information for the Company’s segments is presented below. Certain reclassifications have been made to previously reported amounts to conform to the current presentation. See Note 16—“Goodwill and Other Intangible Assets, Net,” for goodwill by reportable segment.

Three months ended March 31, 2016 (in thousands):

	Financial Services		Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	118,517	$	—	$	—		$	118,517
Credit		84,527		—		—			84,527
Foreign exchange		78,020		—		—			78,020
Energy and commodities		67,497		—		—			67,497
Equities and other asset classes		51,205		—		—			51,205
Leasing and other services		—		105,627		—			105,627
Real estate capital markets		—		62,133		—			62,133
Real estate management services		—		46,058		—			46,058
Fees from related parties		—		—		7,070			7,070
Data, software and post-trade		12,317		—		—			12,317
Other revenues		3,396		—		286			3,682
Total non-interest revenues		415,479		213,818		7,356			636,653
Interest income		510		662		1,211			2,383
Total revenues		415,989		214,480		8,567			639,036
Interest expense		—		—		13,458			13,458
Non-interest expenses		333,831		197,654		70,603			602,088
Total expenses		333,831		197,654		84,061			615,546
Other income (losses), net:
Gain on divestiture and sale of investments		—		—		—			—
Gain on equity investments		—		—		558			558
Other income (losses)		10,972		—		(13,889	)		(2,917	)
Total other income, (losses) net		10,972		—		(13,331	)		(2,359	)
Income (loss) from operations before income taxes	$	93,130	$	16,826	$	(88,825	)	$	21,131

Three months ended March 31, 2015 (in thousands):

	Financial Services			Real Estate Services		Corporate Items			Total
Brokerage revenues:
Rates	$	122,011		$	—	$	—		$	122,011
Credit		67,175			—		—			67,175
Foreign exchange		72,941			—		—			72,941
Energy and commodities		29,404			—		—			29,404
Equities and other asset classes		36,215			—		—			36,215
Leasing and other services		—			103,563		—			103,563
Real estate capital markets		—			53,742		—			53,742
Real estate management services		—			40,602		—			40,602
Fees from related parties		25			—		6,581			6,606
Data, software and post-trade		11,527			—		—			11,527
Other revenues		1,659			194		223			2,076
Total non-interest revenues		340,957			198,101		6,804			545,862
Interest income		396			288		1,021			1,705
Total revenues		341,353			198,389		7,825			547,567
Interest expense		472			—		15,430			15,902
Non-interest expenses		276,982			182,153		68,048			527,183
Total expenses		277,454			182,153		83,478			543,085
Other income (losses), net:
Gain on divestiture and sale of investments		(215	)		—		—			(215	)
Gain on equity investments		—			—		803			803
Other income (losses)		2,933			—		28,267			31,200
Total other income, (losses) net		2,718			—		29,070			31,788
Income (loss) from operations before income taxes	$	66,617		$	16,236	$	(46,583	)	$	36,270

Total Assets by Reportable Segment

Total assets by reportable segment (in thousands):

Total Assets1	Financial Services		Real Estate Services		Total
At March 31, 2016	$	3,858,339	$	691,388	$	4,549,727
At December 31, 2015	$	3,296,815	$	694,639	$	3,991,454

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

Geographic Information Regarding Revenues

Information regarding revenues for the three months ended March 31, 2016 and 2015, respectively, is as follows (in thousands):

	Three Months Ended March 31,
	2016		2015
Revenues:
United States	$	355,074	$	306,940
United Kingdom		163,827		141,704
Asia		56,751		48,618
France		25,567		20,827
Other Americas		14,607		12,434
Other Europe/MEA		23,210		17,044
Total revenues	$	639,036	$	547,567

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 March 31, 2016 and December 31, 2015, respectively, is as follows (in thousands):

	March 31,		December 31,
	2016		2015
Long-lived assets:
United States	$	1,213,950	$	1,145,876
United Kingdom		164,851		164,970
Asia		29,739		28,368
France		6,877		6,964
Other Americas		17,194		16,135
Other Europe/MEA		6,778		6,277
Total long-lived assets	$	1,439,389	$	1,368,590