Revenue Recognition

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

See Note 2, Significant Accounting Policies, Revenue Recognition, for descriptions of revenues presented in the table below. The adoption of ASC 606 had no significant impact on revenue recognition during the first nine months of 2018, except for the recognition of $49.3 million of performance fees from two funds in liquidation that is not probable of significant reversal, that under the previous revenue accounting standard would not be recognized until final liquidation. Revenues for the three and nine months ended September 30, 2018 and 2017 consisted of the following:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees	$	568,918	$	538,552	$	1,699,584	$	1,547,213
Performance-based fees	41,145		4,555		82,703		25,347
Bernstein research services	103,581		108,385		324,192		330,596
Distribution revenues
All-in-management fees	62,807		64,495		193,884		177,637
12b-1 fees	22,136		23,199		66,746		71,677
Other	19,545		18,348		56,980		53,431
Other revenues
Shareholder servicing fees	19,017		19,106		57,533		55,618
Other	4,293		4,879		15,827		12,948
	841,442		781,519		2,497,449		2,274,467
Not subject to contracts with customers:
Dividend and interest income, net of interest expense	7,467		10,906		35,204		33,825
Investment gains (losses)	565		18,808		26,860		68,122
Other revenues	702		917		3,188		2,966
	8,734		30,631		65,252		104,913

Total net revenues	$	850,176	$	812,150	$	2,562,701	$	2,379,380