Revenue Recognition

12 Months Ended

Dec. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

Revenues for the years ended December 31, 2020, 2019 and 2018 consisted of the following:

		Year Ended December 31,
		2020		2019		2018
	(in thousands)
Subject to contracts with customers:
Investment advisory and services fees
Base fees		$	2,462,810	$	2,372,429	$	2,244,068
Performance-based fees		132,626		99,615		118,143
Bernstein research services		459,744		407,911		439,432
Distribution revenues
All-in-management fees		331,268		291,999		254,477
12b-1 fees		75,973		80,268		87,166
Other		122,540		82,776		76,919
Other revenues
Shareholder servicing fees		82,317		77,394		75,974
Other		21,240		17,924		19,211
		3,688,518		3,430,316		3,315,390
Not subject to contracts with customers:
Dividend and interest income, net of interest expense		35,273		47,216		45,827
Investment (losses) gains		(16,401)		38,659		2,653
Other revenues		1,146		2,241		3,491
		20,018		88,116		51,971
Total net revenues		$	3,708,536	$	3,518,432	$	3,367,361