Revenue Recognition

12 Months Ended

Dec. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the years ended December 31, 2019, 2018 and 2017 consisted of the following:

		Year Ended December 31,
		2019		2018		2017
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees		$	2,372,429	$	2,244,068	$	2,106,525
Performance-based fees		99,615		118,143		94,780
Bernstein research services		407,911		439,432		449,919
Distribution revenues
All-in-management fees		291,999		254,477		245,367
12b-1 fees		80,268		87,166		94,972
Other		82,776		76,919		71,724
Other revenues
Shareholder servicing fees		77,394		75,974		75,024
Other		17,924		19,211		17,838
		3,430,316		3,315,390		3,156,149
Not subject to contracts with customers:
Dividend and interest income, net of interest expense		47,216		45,827		45,997
Investment gains (losses)		38,659		2,653		92,102
Other revenues		2,241		3,491		4,273
		88,116		51,971		142,372
Total net revenues		$	3,518,432	$	3,367,361	$	3,298,521