Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Revenues from Contracts with Customers and Other Sources of Revenues

The following table presents the Company’s total revenues separated between revenues from contracts with customers and other sources of revenues (in thousands):

	Three Months Ended June 30, 2018		Six Months Ended June 30, 2018
Revenue from contracts with customers:
Commissions	$	658,320	$	1,326,919
Real estate management services		107,121		203,999
Data, software, and post-trade		15,370		30,469
Fees from related parties		6,271		12,861
Total revenue from contracts with customers		787,082		1,574,248
Other sources of revenue:
Principal transactions		84,988		176,906
Gains from mortgage banking activities/originations, net		41,878		80,792
Servicing fees		32,333		61,259
Interest income		12,366		21,114
Other revenues		1,429		2,403
Total revenues	$	960,076	$	1,916,722

Revenue [Member]

Schedule of Unaudited Condensed Consolidated Statements of Financial Condition and Unaudited Condensed Consolidated Statement of Operations Impact of ASC Topic 606

The table below presents the impact to the Company’s unaudited condensed consolidated statements of financial condition and unaudited condensed consolidated statement of operations as a result of these changes (in thousands):

	Three Months Ended June 30, 2018		Six Months Ended June 30, 2018
ASC Topic 606 Impact:
Revenues:
Commissions	$	10,763	$	21,380
Real estate management and other services		24,478		42,865
Total revenues	$	35,241	$	64,245
Expenses:
Total Compensation and employee benefits	$	6,270	$	11,912
Other expenses		24,478		42,865
Total expenses	$	30,748	$	54,777

	As of June 30, 2018
ASC Topic 606 Impact:
Assets
Accrued commissions and other receivables, net	$	90,797
Total assets	$	90,797
Liabilities, redeemable partnership interest, and equity
Accrued compensation	$	43,664
Accounts payable, accrued and other liabilities		18,861
Retained deficit		28,272
Total liabilities	$	90,797