XML 53 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segment and Geographic Information
12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Segment and Geographic Information

15. Segment and Geographic Information

The Company operates an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services. The Company’s operations constitute a single business segment because of the highly integrated nature of these products and services, of the financial markets in which the Company competes and of the Company’s worldwide business activities. The Company believes that results by geographic region or client sector are not necessarily meaningful in understanding its business.

 

For the years ended December 31, 2019, 2018 and 2017, the U.K. was the only individual foreign country in which the Company had a subsidiary that accounted for 10% or more of the total revenues or total long-lived assets. Revenues and long-lived assets are attributed to geographic area based on the location of the particular subsidiary. Long-lived assets are defined as furniture, equipment, leasehold improvements and capitalized software. Information regarding revenue for the three years ended December 31, 2019, 2018 and 2017 and long-lived assets as of December 31, 2019 and 2018 follows:

 

 

Year Ended December 31,

 

 

2019

 

 

2018

 

 

2017

 

 

(In thousands)

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

United States

$

424,731

 

 

$

367,373

 

 

$

332,982

 

United Kingdom

 

84,076

 

 

 

66,241

 

 

 

58,991

 

Other

 

2,545

 

 

 

1,951

 

 

 

1,449

 

Total

$

511,352

 

 

$

435,565

 

 

$

393,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

2019

 

 

2018

 

 

(In thousands)

 

Long-lived assets, as defined

 

 

 

 

 

 

 

United States

$

62,356

 

 

$

55,200

 

United Kingdom

 

9,410

 

 

 

7,787

 

Other

 

29

 

 

 

23

 

Total

$

71,795

 

 

$

63,010