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Organization and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2017
Organization Consolidation And Presentation Of Financial Statements [Abstract]  
Schedule of Adjustments to Consolidated Statement of Financial Condition and Consolidated Statements of Operations

The following tables summarize the impact of the Berkeley Point Acquisition to the Company’s unaudited condensed consolidated statement of financial condition as of December 31, 2016, and to the Company’s unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2016 (in thousands, except per share amounts):

 

 

 

December 31, 2016

 

 

 

 

As

Previously

Reported

 

 

Retrospective

Adjustments

 

 

As

Adjusted

 

 

Total assets

 

$

3,508,400

 

 

$

1,539,186

 

 

$

5,047,586

 

 

Total liabilities

 

 

2,302,085

 

 

 

1,059,384

 

 

 

3,361,469

 

 

Total equity

 

 

1,153,738

 

 

 

479,802

 

 

 

1,633,540

 

 

Total liabilities, redeemable partnership interest, and equity

 

 

3,508,400

 

 

 

1,539,186

 

 

 

5,047,586

 

 

 

 

 

 

Three Months Ended September 30, 2016

 

 

Nine Months Ended September 30, 2016

 

 

 

As

Previously

Reported

 

 

Retrospective

Adjustments

 

 

As

Adjusted

 

 

As

Previously

Reported

 

 

Retrospective

Adjustments

 

 

As

Adjusted

 

Income (loss) from operations before income taxes

 

$

102,314

 

 

$

42,262

 

 

$

144,576

 

 

$

150,908

 

 

$

82,285

 

 

$

233,193

 

Consolidated net income (loss)

 

 

72,051

 

 

 

42,252

 

 

 

114,303

 

 

 

105,257

 

 

 

82,218

 

 

 

187,475

 

Net income (loss) attributable to noncontrolling

   interest in subsidiaries

 

 

12,626

 

 

 

14,466

 

 

 

27,092

 

 

 

18,860

 

 

 

28,032

 

 

 

46,892

 

Net income (loss) available to common stockholders

 

 

59,425

 

 

 

27,786

 

 

 

87,211

 

 

 

86,397

 

 

 

54,186

 

 

 

140,583

 

Basic earnings (loss) per share

 

 

0.21

 

 

 

0.10

 

 

 

0.31

 

 

 

0.31

 

 

 

0.20

 

 

 

0.51

 

Diluted earnings (loss) per share

 

 

0.21

 

 

 

0.10

 

 

 

0.31

 

 

 

0.31

 

 

 

0.19

 

 

 

0.50