Business Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Business Information

Note 18 — Business Information

The Company's activities as an investment banking firm constitute a single business segment, with substantially all revenues generated from advisory services, which includes engagements relating to mergers and acquisitions, financing advisory and restructuring, and capital advisory services. The Company generally generates less than 1% of its revenues from investment revenues, consisting of interest income and gains and losses on its remaining principal investments in merchant banking funds.

The Company principally earns its revenues from advisory fees upon the successful completion of the client’s transaction or restructuring, or fund closing. Advisory revenues represented approximately 100%, 100% and 102% of the Company’s total revenues for the years ended December 31, 2016, 2015 and 2014, respectively. In 2016 and 2015, there were no advisory clients that accounted for more than 10% of total revenues.

Since the financial markets are global in nature, the Company generally manages its business based on the operating results of the enterprise taken as whole, not by geographic region. For reporting purposes, the geographic regions are the North America, Europe, and the rest of the world, which are the locations where the Company retains substantially all of its employees.

The following table presents information about the Company by geographic region, after elimination of all significant inter-company accounts and transactions:

	As of or for the Years Ended December 31,
	2016			2015			2014
	(in thousands)
Total revenues
North America	$	206,673		$	172,582		$	160,631
Europe	110,229			63,875			83,369
Rest of World	18,617			25,103			31,234
Total	$	335,519		$	261,560		$	275,234
Income (loss) before taxes
North America	$	48,927		$	40,895		$	36,745
Europe	52,650			9,577			24,891
Rest of World	(13,696		)	(7,177		)	5,834
Total	$	87,881		$	43,295		$	67,470
Total assets
North America	$	266,975		$	261,077		$	165,204
Europe	64,467			38,409			33,460
Rest of World	125,240			123,658			138,292
Total	$	456,682		$	423,144		$	336,956

The Company's revenues are based on the country where the services were derived. For the years ended December 31, 2016, 2015 and 2014, the Company generated 59%, 66%, and 58%, respectively, of its total revenues from the United States and 27%, 20% and 25% respectively, of its total revenues from the United Kingdom. No other country had revenues which individually represented more than 10% of the Company's total revenues during the years ended December 31, 2016, 2015 and 2014, respectfully.

Included in the Company's total assets it had long-lived assets, excluding deferred tax assets and intangible assets, located in the United States of $34.8 million and $43.0 million at December 31, 2016 and 2015, respectively. No other country had long- lived assets, which individually represented more than 10% of the Company's total long-lived assets at December 31, 2016 and 2015.