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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 239,395 $ 187,475
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:    
Fixed asset depreciation and intangible asset amortization 61,201 58,121
Amortization of mortgage servicing rights, net 53,001 48,334
Employee loan amortization and reserves on employee loans 43,227 46,003
Equity-based compensation and allocations of net income to limited partnership units and FPUs 185,135 150,023
Deferred compensation expense 7,265 14,318
Gain on originated mortgage servicing rights (98,814) (92,555)
Unrealized losses (gains) on loans held for sale (507) (2,277)
Losses (gains) on equity method investments (3,986) (2,547)
Amortization of discount (premium) on notes payable (1,912) (1,465)
Unrealized (gain) loss on marketable securities (23,038) (973)
Impairment of fixed assets, intangible assets and equity method investments 8,499 3,738
Deferred tax provision (benefit) 2,263 (57,915)
Sublease provision adjustment   (807)
Recognition of earn-out (76,969) (67,016)
Realized losses (gains) on marketable securities (1,222) (11,792)
Change in estimated acquisition earn-out payables 5,946 (15,822)
Loss (gains) on sale of cost method investment   (7,051)
Forfeitures of Class A common stock (672) (374)
Other (557) (453)
Consolidated net income (loss), adjusted for non-cash and non-operating items 398,255 246,965
Decrease (increase) in operating assets:    
Cash segregated under regulatory requirements 3,106 (7,017)
Reverse repurchase agreements 54,659  
Securities owned 3,236 (179,695)
Loans held for sale, net 412,011 (235,811)
Receivables from broker-dealers, clearing organizations, customers and related broker-dealers (1,789,576) (950,964)
Mortgage servicing rights, net (506) (5,844)
Accrued commissions and other receivables, net (99,138) (19,632)
Loans, forgivable loans and other receivables from employees and partners, net (82,549) (142,409)
Receivables from related parties (3,566) 7,136
Other assets (17,586) 8,200
Increase (decrease) in operating liabilities:    
Securities loaned 135,070 (117,967)
Repurchase agreements 1,803  
Accrued compensation (37,275) (32,716)
Payables to broker-dealers, clearing organizations, customers and related broker-dealers 1,731,395 900,528
Payables to related parties (6,493) (991)
Accounts payable, accrued and other liabilities 81,660 81,260
Net cash provided by (used in) operating activities 784,506 (448,957)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of fixed assets (28,998) (37,646)
Capitalization of software development costs (27,841) (17,595)
Purchase of equity method investments (101,623) (1,112)
Proceeds from equity method investments 243  
Payments for acquisitions, net of cash acquired (99,999) (119,212)
Advances to related party (375,000) (175,000)
Repayments from related party 375,000 175,000
Proceeds from divestitures, net   150
Purchase of marketable securities 0 (68,396)
Proceeds from sale of marketable securities 7,849 618,090
Proceeds from sale of cost method investments   7,106
Capitalization of trademarks, patent defense and registration costs (295) (420)
Net cash provided by (used in) investing activities (250,664) 380,965
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of collateralized borrowings (7,060) (5,121)
Repayments of convertible notes   (159,932)
Issuance of senior notes, net of deferred issuance costs   295,768
Issuance of long-term debt and collateralized borrowings, net of deferred issuance costs 998,817 (1,066)
Proceeds from warehouse notes payable 7,314,793 5,503,899
Repayments on warehouse notes payable (6,913,030) (5,673,614)
Earnings distributions (89,537) (60,629)
Redemption and repurchase of limited partnership interests (34,113) (27,664)
Dividends to stockholders (148,094) (126,318)
Repurchase of Class A common stock (14,557) (72,700)
Cancellation of restricted stock units in satisfaction of withholding tax requirements (52) (1,542)
Proceeds from issuance of Class A common stock, net of costs   15,280
Deemed contribution due to acquisition of Lucera   10,145
Acquisition of Berkeley Point (871,814)  
Pre-acquisition distribution from Berkeley Point to CCRE (66,782)  
Proceeds from exercise of stock options   86
Proceeds from short-term borrowings 6,313  
Payments on acquisitions earn-outs (12,211) (6,151)
Net cash provided by (used in) financing activities (527,327) 11,441
Advances from related party 291,000 770,000
Repayments to related party (981,000) (449,000)
Effect of exchange rate changes on cash and cash equivalents 3,853 2,954
Net (decrease) increase in cash and cash equivalents 10,368 (53,597)
Cash and cash equivalents at beginning of period 535,613 563,028
Cash and cash equivalents at end of period 545,981 509,431
Supplemental cash information:    
Cash paid during the period for taxes 32,136 55,263
Cash paid during the period for interest 68,331 54,146
Supplemental non-cash information:    
Issuance of Class A common stock upon exchange of limited partnership interests 74,013 53,754
Issuance of Class A and contingent Class A common stock and limited partnership interests for acquisitions 14,232 5,857
Issuance of Class A common stock upon conversion of convertible notes   68
Distribution from Berkeley Point to CCRE 2,993  
Nasdaq [Member]    
Supplemental non-cash information:    
Shares received $ 76,969 $ 67,016