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SEGMENT REPORTING (Reconciliation of Income Before Taxes) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Economic net income        
Income before taxes $ 88,424 $ 125,425 $ 12,916 $ 199,457
Adjustments:        
Equity compensation expenses 18,091 8,476 52,097 27,185
Income tax expense (benefit) (4,552) (7,641) 28,459 (7,868)
Operating segment        
Economic net income        
Income before taxes 88,424 125,425 12,916 199,457
Adjustments:        
Amortization of intangibles 3,651 6,378 14,200 20,762
Depreciation expense 3,468 2,148 9,458 5,940
Equity compensation expenses 18,091 8,476 52,097 27,185
Acquisition and merger-related expenses 2,878 (17,611) 258,722 (17,054)
Placement fees and underwriting costs 4,495 2,202 14,317 4,886
Offering costs 33 0 688 0
Other non-cash expense 0 (1,728) 0 (1,728)
Economic net income 143,428 160,753 473,766 382,859
Total performance fees income - realized (178,989) (132,837) (261,924) (220,790)
Total performance fees income - unrealized 89,423 (32,368) (223,467) (118,334)
Total performance fee compensation - realized (140,979) (93,778) (199,253) (146,792)
Total performance fee compensation - unrealized (82,342) 29,395 161,791 106,947
Total investment income (8,563) (34,040) (49,720) (51,685)
Fee related earnings 103,936 84,681 299,699 245,789
Investment and other income realized, net 21,160 14,777 27,067 33,605
Dividend equivalent (3,540) (1,649) (7,741) (3,039)
One-time acquisition costs (12) (12) (35) (294)
Income tax expense (benefit) (343) (292) (950) (773)
Non-cash items 397 36 533 883
Placement fees and underwriting costs (4,495) (2,209) (14,317) (4,894)
Depreciation and amortization (1,448) (960) (4,233) (2,889)
Distributable earnings 153,665 133,431 362,694 342,386
Economic net income 143,428 160,753 473,766 382,859
Performance related earnings 39,492 76,072 174,067 137,070
Operating segment | Subsidiaries        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations (216) 0 407 0
Reconciling items        
Adjustments:        
Amortization of intangibles 3,651 6,378 14,200 20,762
Depreciation expense 3,468 2,148 9,458 5,940
Equity compensation expenses 18,091 8,476 52,097 27,185
Acquisition and merger-related expenses 2,818 79 278,878 432
Placement fees and underwriting costs 4,495 2,202 14,317 4,886
Offering costs 33 0 688 0
Other non-cash expense 0 (1,728) 0 (1,728)
Total consolidation adjustments and reconciling items 55,004 35,328 460,850 183,402
OMG        
Adjustments:        
OMG expenses, net 41,997 44,021 138,426 139,628
Economic net income (41,997) (44,021) (138,426) (139,628)
Total performance fees income - realized 0 0 0 0
Total performance fees income - unrealized 0 0 0 0
Total performance fee compensation - realized 0 0 0 0
Total performance fee compensation - unrealized 0 0 0 0
Total investment income (3,960) 4,675 (3,184) 17,787
Fee related earnings (45,957) (39,346) (141,610) (121,841)
Distributable earnings (53,214) (66,696) (151,642) (157,550)
Economic net income (41,997) (44,021) (138,426) (139,628)
Performance related earnings 3,960 (4,675) 3,184 (17,787)
Consolidated Funds        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations 18,195 7,861 25,403 (3,064)
Total investment income (20,054) (8,737) (41,675) (25,759)
Consolidated Funds | Operating segment        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations $ (19,393) $ (8,558) $ (27,465) $ 3,783