0001284812-20-000092.txt : 20200228 0001284812-20-000092.hdr.sgml : 20200228 20200228150553 ACCESSION NUMBER: 0001284812-20-000092 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200228 DATE AS OF CHANGE: 20200228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COHEN & STEERS, INC. CENTRAL INDEX KEY: 0001284812 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] IRS NUMBER: 141904657 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32236 FILM NUMBER: 20669154 BUSINESS ADDRESS: STREET 1: 280 PARK AVENUE 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212 832 3232 MAIL ADDRESS: STREET 1: 280 PARK AVENUE STREET 2: 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: COHEN & STEERS INC DATE OF NAME CHANGE: 20040324 10-K 1 cns-10kx123119.htm 10-K Document
false--12-31FY201900012848120002.123.823.440.010.01500000000500000000518181865258024650502855329820 0001284812 2019-01-01 2019-12-31 0001284812 2019-06-30 0001284812 2020-02-18 0001284812 2019-12-31 0001284812 2018-12-31 0001284812 cns:GLISICAVGRPCIPSICAVGREandSICAVRAPMember 2019-12-31 0001284812 cns:GLISICAVGRPCIPSICAVPreferredandSICAVRAPMember 2018-12-31 0001284812 2018-01-01 2018-12-31 0001284812 us-gaap:InvestmentAdviceMember 2018-01-01 2018-12-31 0001284812 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceMember 2019-01-01 2019-12-31 0001284812 us-gaap:InvestmentAdviceMember 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0001284812 us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0001284812 us-gaap:InvestmentAdviceMember 2019-01-01 2019-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2019-01-01 2019-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2018-01-01 2018-12-31 0001284812 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001284812 us-gaap:ParentMember 2017-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0001284812 us-gaap:ParentMember 2019-01-01 2019-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-12-31 0001284812 us-gaap:ParentMember 2016-12-31 0001284812 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:ParentMember 2017-01-01 2017-12-31 0001284812 us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-12-31 0001284812 us-gaap:TreasuryStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0001284812 us-gaap:TreasuryStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2019-01-01 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0001284812 us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:ParentMember 2018-01-01 2018-12-31 0001284812 us-gaap:RetainedEarningsMember 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2019-12-31 0001284812 us-gaap:TreasuryStockMember 2019-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0001284812 us-gaap:RetainedEarningsMember 2016-12-31 0001284812 us-gaap:TreasuryStockMember 2018-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001284812 us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:ParentMember 2018-12-31 0001284812 us-gaap:RetainedEarningsMember 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2016-12-31 0001284812 us-gaap:ParentMember 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001284812 us-gaap:RetainedEarningsMember 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2016-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001284812 2017-12-31 0001284812 2016-12-31 0001284812 cns:CohenSteersFundsICAVMember 2018-01-01 2018-12-31 0001284812 cns:TheCohenSteersPreferredSecuritiesandIncomeSMASharesMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalPreferredSecuritiesFundMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalRealEstateFundMember 2019-01-01 2019-12-31 0001284812 2019-01-01 0001284812 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2019-12-31 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2017-01-01 2017-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2018-01-01 2018-12-31 0001284812 cns:InstitutionalAccountsMember 2019-01-01 2019-12-31 0001284812 cns:InstitutionalAccountsMember 2017-01-01 2017-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2019-01-01 2019-12-31 0001284812 cns:InstitutionalAccountsMember 2018-01-01 2018-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2019-01-01 2019-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2018-01-01 2018-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2019-01-01 2019-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2017-01-01 2017-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2017-01-01 2017-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2018-01-01 2018-12-31 0001284812 country:JP 2018-01-01 2018-12-31 0001284812 srt:EuropeMember 2017-01-01 2017-12-31 0001284812 cns:AsiaExcludingJapanMember 2018-01-01 2018-12-31 0001284812 cns:AsiaExcludingJapanMember 2017-01-01 2017-12-31 0001284812 srt:NorthAmericaMember 2019-01-01 2019-12-31 0001284812 cns:AsiaExcludingJapanMember 2019-01-01 2019-12-31 0001284812 country:JP 2019-01-01 2019-12-31 0001284812 srt:EuropeMember 2019-01-01 2019-12-31 0001284812 country:JP 2017-01-01 2017-12-31 0001284812 srt:EuropeMember 2018-01-01 2018-12-31 0001284812 srt:NorthAmericaMember 2018-01-01 2018-12-31 0001284812 srt:NorthAmericaMember 2017-01-01 2017-12-31 0001284812 cns:TheCohenSteersSICAVGlobalListedInfrastructureFundMember 2018-12-31 0001284812 cns:CohenSteersSICAVGlobalPreferredSecuritiesFundMember 2018-12-31 0001284812 cns:CohenSteersSICAVDiversifiedRealAssetsFundMember 2018-12-31 0001284812 cns:CohenSteersCoInvestmentPartnershipMember 2018-12-31 0001284812 cns:CohenSteersCoInvestmentPartnershipMember 2019-12-31 0001284812 cns:TheCohenSteersSICAVGlobalListedInfrastructureFundMember 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalRealEstateFundMember 2019-12-31 0001284812 cns:CohenSteersSICAVDiversifiedRealAssetsFundMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember us-gaap:HeldtomaturitySecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:HeldtomaturitySecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2019-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2019-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:HeldtomaturitySecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember us-gaap:HeldtomaturitySecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-01-01 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-01-01 2019-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2017-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 cns:TheCohenSteersGlobalRealtyFocusFundaseriesofCohenSteersSeriesLPGRFMember 2019-12-31 0001284812 cns:TheCohenSteersGlobalRealtyPartnersIIITEL.P.Member 2019-12-31 0001284812 us-gaap:CommodityContractMember 2019-01-01 2019-12-31 0001284812 cns:CommoditySwapContractMember 2018-01-01 2018-12-31 0001284812 cns:CommoditySwapContractMember 2019-01-01 2019-12-31 0001284812 cns:CommoditySwapContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2018-01-01 2018-12-31 0001284812 us-gaap:CommodityContractMember 2018-01-01 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2019-01-01 2019-12-31 0001284812 us-gaap:CommodityContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:InvestmentsMember 2018-12-31 0001284812 us-gaap:InvestmentsMember 2019-12-31 0001284812 cns:DueFromBrokerMember 2018-12-31 0001284812 us-gaap:CommodityContractMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2018-12-31 0001284812 cns:CommoditySwapContractMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2019-12-31 0001284812 cns:CommoditySwapContractMember 2019-12-31 0001284812 us-gaap:CommodityContractMember 2019-12-31 0001284812 srt:MinimumMember 2019-01-01 2019-12-31 0001284812 srt:MaximumMember 2019-01-01 2019-12-31 0001284812 us-gaap:EquipmentMember 2019-12-31 0001284812 us-gaap:ComputerSoftwareIntangibleAssetMember 2018-12-31 0001284812 us-gaap:LeaseholdImprovementsMember 2019-12-31 0001284812 us-gaap:LeaseholdImprovementsMember 2018-12-31 0001284812 us-gaap:FurnitureAndFixturesMember 2018-12-31 0001284812 us-gaap:EquipmentMember 2018-12-31 0001284812 us-gaap:FurnitureAndFixturesMember 2019-12-31 0001284812 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 cns:ProfitSharingPlanMember 2019-12-31 0001284812 cns:ProfitSharingPlanMember 2018-01-01 2018-12-31 0001284812 cns:ProfitSharingPlanMember 2017-01-01 2017-12-31 0001284812 cns:ProfitSharingPlanMember 2019-01-01 2019-12-31 0001284812 srt:AffiliatedEntityMember 2018-01-01 2018-12-31 0001284812 srt:AffiliatedEntityMember 2019-01-01 2019-12-31 0001284812 srt:AffiliatedEntityMember 2017-01-01 2017-12-31 0001284812 srt:AffiliatedEntityMember 2019-12-31 0001284812 srt:AffiliatedEntityMember 2018-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesAsiaMember 2019-12-31 0001284812 cns:SecuritiesRegisteredDomesticallyMember 2019-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesUKMember 2019-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesJapanMemberDomain 2019-12-31 0001284812 cns:CommitmenttoinvestMember 2019-12-31 0001284812 us-gaap:CommitmentsMember 2019-01-01 2019-12-31 0001284812 cns:FundManagementContractsMemberMember 2018-12-31 0001284812 us-gaap:CustomerRelationshipsMember 2018-12-31 0001284812 cns:FundManagementContractsMemberMember 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 2019-01-01 2019-03-31 0001284812 2018-04-01 2018-06-30 0001284812 2018-07-01 2018-09-30 0001284812 2018-10-01 2018-12-31 0001284812 2019-07-01 2019-09-30 0001284812 2018-01-01 2018-03-31 0001284812 2019-10-01 2019-12-31 0001284812 2019-04-01 2019-06-30 0001284812 us-gaap:DividendDeclaredMember us-gaap:SubsequentEventMember 2020-02-20 2020-02-20 xbrli:shares cns:new_funds_seeded iso4217:USD iso4217:USD xbrli:shares xbrli:pure



 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K

(Mark One)
☒    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 31, 2019
OR
☐    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM            TO            
Commission File No. 001-32236
COHEN & STEERS, INC.
(Exact name of registrant as specified in its charter)
Delaware
14-1904657
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
280 Park Avenue
New York, NY 10017
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code: (212) 832-3232
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock, $.01 par value
 
CNS
 
New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    
Yes  x    No  ¨
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes  ¨    No  x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes  x    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer
 
☒
  
Smaller reporting company
 
☐
Accelerated filer
 
o
 
Emerging growth company
 
☐
Non-accelerated filer
 
o
  
 
 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act.)   Yes ☐     No ☒
The aggregate market value of the voting common stock held by non-affiliates of the Registrant as of June 30, 2019 was approximately $1.2 billion. There is no non-voting common stock of the Registrant outstanding.
As of February 18, 2020, there were 47,756,099 shares of the Registrant’s common stock outstanding.
Documents Incorporated by Reference
Portions of the definitive Proxy Statement of Cohen & Steers, Inc. (the Proxy Statement) to be filed pursuant to Regulation 14A of the general rules and regulations of the Securities Exchange Act of 1934, as amended, for the 2020 annual meeting of stockholders scheduled to be held on May 7, 2020 are incorporated by reference into Part III of this Form 10-K.
 


COHEN & STEERS, INC. AND SUBSIDIARIES
TABLE OF CONTENTS

 
 
Page
Part I
 
 
Item 1
Item 1A
Item 1B
Item 2
Item 3
Item 4
Part II
 
 
Item 5
Item 6
Item 7
Item 7A
Item 8
Item 9
Item 9A
Item 9B
Part III
 
 
Item 10
Item 11
Item 12
Item 13
Item 14
Part IV
 
 
Item 15
Item 16




i

PART I
Item 1. Business
Overview
Cohen & Steers, founded in 1986, is a global investment manager specializing in real assets and alternative income. Our specialties include real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo we serve institutional and individual investors around the world.
Cohen & Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers Asia Limited (CSAL), Cohen & Steers UK Limited (CSUK), Cohen & Steers Japan Limited (CSJL) and Cohen & Steers Ireland Ltd. (CSIL). CNS and its subsidiaries are collectively referred to as the Company, we, us or our.
Our revenue is derived from fees received from our clients, including fees for managing or subadvising client accounts as well as investment advisory, administration, distribution and service fees received from Company-sponsored open-end and closed-end funds. Our fees are based on contractually specified rates applied to the value of the assets we manage and, in certain cases, investment performance. Our revenue fluctuates with changes in the total value of our assets under management, which may occur as a result of market appreciation and depreciation, contributions or withdrawals from client accounts, foreign currency fluctuations and distributions. This revenue is recognized over the period that the assets are managed.
Investment Vehicles
We manage three types of investment vehicles: institutional accounts, open-end funds and closed-end funds.
Institutional Accounts
Institutional accounts for which we serve as investment adviser represent portfolios of securities we manage for institutional clients. We manage the assets in each institutional account in accordance with the investment requirements of that client as set forth in such client’s investment management agreement and investment guidelines. The investment management agreements with our institutional account clients are generally terminable at any time.
Advisory assets, which represent accounts for which we have been appointed as the investment manager, are included in our institutional account assets under management. As investment adviser, we are responsible to oversee certain daily operations and manage the assets in the account while adhering to the specified investment objectives.
Subadvisory assets, which generally represent commingled investment vehicles for which we have been appointed as a subadvisor by the investment manager of that investment vehicle, are also included in our institutional account assets under management. As subadvisor, we are responsible for managing all or a portion of the vehicle's investments, while the investment adviser oversees our performance as subadvisor; the vehicle sponsor is responsible for decisions regarding the amount, timing and whether to pay distributions from the investment vehicle to its beneficial owners. Subadvisory assets also include assets of third parties for which we provide model portfolios. These assets generally represent commingled investment vehicles. We regularly provide the investment manager of that investment vehicle with a model portfolio of securities in accordance with the investment requirements of that client as set forth in such client’s investment advisory agreement and investment guidelines. These investment advisory agreements are generally terminable at will with 30 days’ notice.
Open-end Funds
The U.S. and non-U.S. open-end funds that we sponsor and for which we serve as investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The share price for purchases and redemptions of shares of each of the open-end funds is determined by each fund’s net asset value, which is calculated at the end of each business day. The net asset value per share is the current value of a fund’s assets less liabilities, divided by the fund’s total shares outstanding.


1

The investment advisory fees that we receive from the U.S. and non-U.S. open-end funds that we sponsor and for which we serve as investment adviser vary based on each fund’s investment strategy, fees charged by other comparable funds and the market in which the fund is offered. In addition, we receive a separate fee for providing administrative services to certain open-end funds at a rate that is designed to reimburse us for the cost of providing these services. The monthly investment advisory fee and administration fee, if applicable, paid by the open-end funds are based on contractual fee rates applied to each fund’s average assets under management.
Our investment advisory and administration agreements with the U.S. registered open-end funds that we sponsor and for which we serve as investment adviser are generally terminable upon a vote of a majority of the fund’s board of directors on 60 days’ notice, and each investment advisory agreement, including the fees payable thereunder, is subject to annual approval by a majority of the directors of the fund’s board who are not "interested persons," as defined by the Investment Company Act of 1940 (the Investment Company Act), following the initial two-year term.
Our investment advisory and administration agreements with the non-U.S. open-end funds that we sponsor and for which we serve as investment adviser are generally terminable at will with 90 days’ notice.
Open-end funds also include assets of third parties for which we provide model portfolios. These assets generally represent commingled investment vehicles. We regularly provide the investment manager of that investment vehicle with a model portfolio of securities in accordance with the investment requirements of that vehicle as set forth in such vehicle’s investment advisory agreement and investment guidelines. These investment advisory agreements are generally terminable at will with 30 days’ notice.
Closed-end Funds
The closed-end funds for which we serve as investment adviser are registered investment companies that have issued a fixed number of shares through public offerings. These shares are listed on the New York Stock Exchange and cannot be redeemed by the fund’s shareholders. The trading price of the shares is determined by supply and demand in the marketplace, and, as a result, the shares may trade at a premium or discount to the net asset value of the fund.
The investment advisory fees that we receive from the closed-end funds for which we serve as investment adviser vary based on each fund’s investment strategy, fees charged by other comparable funds and prevailing market conditions at the time each closed-end fund initially offered its shares to the public. In addition, we receive a separate fee for providing administration services to seven of the eight closed-end funds at a rate that is designed to reimburse us for the cost of providing these services. The closed-end funds pay us a monthly investment advisory fee and an administration fee, if applicable, based on a contractual fee rate applied to the fund’s average assets under management.
Our investment advisory agreements with each closed-end fund for which we serve as investment adviser are generally terminable upon a vote of a majority of the fund’s board of directors on 60 days’ notice and are subject to annual approval by a majority of the directors of the fund’s board who are not "interested persons," as defined by the Investment Company Act, following the initial two-year term.
Our Investment Strategies
Each of our investment strategies is overseen by a specialist team, each of which is led by a portfolio manager, or a team of portfolio managers, supported by dedicated analysts. These personnel are located in our New York, London and Hong Kong offices. Each team executes fundamentally driven, actively managed investment strategies and has a well-defined process that includes top-down macroeconomic and bottom-up fundamental research and portfolio management elements. These teams are subject to multiple levels of oversight and support from the President, Chief Investment Officer, Chief Administrative Officer-Investments, Investment Risk Committee, Investment Operating Committee and Legal and Compliance Department. Some of our strategies may involve multiple asset classes and are overseen by investment committees led by senior portfolio managers of our specialist teams.
Below is a summary of our core investment strategies:
Real Assets Multi-Strategy invests in a diversified multi-strategy portfolio of listed companies and securities that generally own or are backed by tangible real assets, including real estate securities, global listed infrastructure, commodities and natural resource equities, with the objective of achieving attractive total returns over the long term, while providing diversification and maximizing the potential for real returns in periods of rising inflation and rising interest rates.


2

U.S. Real Estate Securities include a wide range of strategies distinguished by concentration, risk profile and income objective, as well as thematic portfolios designed to provide targeted allocations to specific sectors within the investable real estate universe. Each strategy invests in a portfolio of common stocks and other securities issued by U.S. real estate companies, including real estate investment trusts (REITs) and similar REIT-like entities. These strategies are managed by our dedicated U.S. real estate securities investment team and draw on the broad expertise of our global real estate analysts and portfolio managers. Investment objectives include total return, capital appreciation and income.
Global Real Estate Securities include a wide range of strategies distinguished by geography, concentration, risk profile and income objective, designed to provide allocation exposure to listed real estate globally. Each strategy invests in a portfolio of common stocks and other securities issued by real estate companies, including REITs and similar REIT-like entities. These strategies draw on the expertise of our integrated global real estate securities investment team. Investment objectives include total return, capital appreciation and income.
Global Listed Infrastructure invests in a diversified portfolio of U.S. and non-U.S. securities issued by infrastructure companies such as utilities, pipelines, toll roads, airports, railroads, marine ports and communications companies located in developed markets with opportunistic allocations to emerging markets. The investment objective is total return with a balance of capital appreciation and income.
Midstream Energy and MLPs invests in a diversified portfolio of energy-related master limited partnerships (MLPs) and securities of companies that derive at least 50% of their revenues or operating income from the exploration, production, gathering, transportation, processing, storage, refining, distribution or marketing of natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or and other energy resources. The investment objective is total return with a balance of capital appreciation and income.
Global Natural Resource Equities invests in companies involved in the production, extraction, or processing of commodities and natural resources. Specifically, the strategy invests in energy producers, metals and mining companies and agriculture-based businesses. The investment objective is total return.
Preferred Securities and Low Duration Preferred Securities invest in diversified portfolios of preferred and debt securities issued by U.S. and non-U.S. companies. The preferred securities are issued by banks, insurance companies, REITs and other diversified financial institutions as well as utility, energy, pipeline and telecommunications companies. A consistent investment process underlies both our total return preferred securities strategy and our low duration preferred securities strategy, which seeks income and capital preservation.
In addition, we offer variations on these strategies that may combine multiple strategies in a single portfolio. Individual portfolios may be customized to comply with client-specific guidelines, benchmarks or risk profiles. Strategies offered in closed-end funds typically use leverage.
Our Distribution Network
Our distribution network encompasses two major channels in the asset management industry. Our Wealth channel covers sophisticated financial intermediaries, including national and regional brokerage firms, registered investment advisers, and bank trusts. The U.S. registered open-end funds for which we serve as investment adviser are available for purchase with and without commissions through full service and discount broker-dealers as well as the significant networks serving financial advisers. Our institutional channel includes corporate, public defined benefit plans, public defined contribution pension plans and Taft-Hartley trusts, endowments and foundations, sovereign wealth funds, healthcare, insurance companies as well as other financial institutions that access our investment management services directly, through consultants or through other intermediaries.
Competition
We compete with a large number of global and U.S. investment managers, commercial banks, broker-dealers, insurance companies and other financial institutions. Many competing firms are parts of larger financial services companies and attract business through numerous channels, including retail banking, investment banking and underwriting contacts, insurance agencies and broker-dealers.
Our direct competitors in wealth management are other fund and exchange-traded-fund (ETF) sponsors, including large nationally recognized investment management firms that have more diverse product offerings and smaller boutique firms that specialize in particular asset classes. We also compete against managers that manage separate-account portfolios for high-net-


3

worth clients. In the institutional channel, we compete with several investment managers offering similar products and services, from boutique establishments to major commercial and investment banks.
Performance, price and brand are our principal sources of competition. Prospective clients will typically base their decisions to invest, or continue to invest, with us on our ability to generate returns in excess of a benchmark and the cost of doing so. We are evaluated based on our performance and our fees relative to our competitors. In addition, individual fund shareholders may also base their decision on the ability to access the funds we manage through a particular distribution channel.
As interest in real assets continues to increase, we may face increased competition from other managers that are competing for the same client base that we target and serve. Financial intermediaries that offer our products to their clients may also offer competing products. Many of our competitors have greater brand name recognition and more extensive client bases than we do, which could be to our disadvantage. In addition, our larger competitors have more resources and may have more capacity to expand their product offerings and distribution channels and capture market share through ongoing business relationships and extensive marketing efforts. However, compared to our larger competitors, we may be able to grow our business at a faster rate from a relatively smaller asset base and shift resources in response to changing market conditions more quickly.
Regulation
We are subject to regulation under U.S. federal and state laws, as well as applicable laws in the other jurisdictions in which we do business or offer our products and services. Violation of applicable laws or regulations could result in fines, temporary or permanent prohibition of engagement in certain activities, reputational harm and loss of clients, suspension of personnel or revocation of their regulatory licenses, suspension or termination of investment adviser and/or broker-dealer registrations, or other sanctions and penalties.
CSCM, a New York-based subsidiary, is a registered investment adviser with the U.S. Securities and Exchange Commission (the SEC) and is an approved investment manager with the Luxembourg Commission de Surveillance du Secteur Financier (the CSSF), the Irish Financial Services Regulatory Authority (the IFSRA) and the Korean Financial Services Commission. CSCM has also obtained exemptions from registration that allow it to provide investment management services to institutions in Australia and Canada. CSCM is a registered commodity trading adviser and a registered commodity pool operator with the Commodities Futures Trading Commission (the CFTC) and is a member of the National Futures Association (the NFA), a futures industry self-regulatory organization. The CFTC and NFA regulate futures contracts, swaps, and various other financial instruments in which certain of the Company’s clients may invest.
CSUK, our UK-based subsidiary, is a registered investment adviser with the SEC and the United Kingdom Financial Conduct Authority and is an approved investment manager with the CSSF. CSUK provides investment management services in several European Union member states pursuant to the Directive on Markets in Financial Instruments repealing Directive 2004/39/EC (MiFID II) and the Regulation on Markets in Financial Instruments (MiFIR). CSUK is subject to the Financial Services and Markets Act 2000, which regulates, among other things, certain liquidity and capital resources requirements. Such requirements may limit our ability to withdraw capital from CSUK. CSUK is also subject to certain pan-European regulations, including MiFID II, the Capital Requirements Directive and the Alternative Investment Fund Managers Directive (AIFMD). MiFID II and MiFIR regulate the provision of investment services throughout the European Economic Area and the Capital Requirements Directive regulates capital requirements. AIFMD regulates the management, administration and marketing of alternative investment funds domiciled in or marketed within the European Union and establishes a regime for the cross-border marketing of those funds.
CSAL, our Hong Kong-based subsidiary, is a registered investment adviser with the SEC and the Hong Kong Securities and Futures Commission (the SFC) and is an approved investment manager with the CSSF and the IFSRA. CSAL is subject to the Securities and Futures Ordinance (the SFO), which regulates, among other things, offers of investments to the public and the licensing of intermediaries. CSAL and its employees conducting any of the regulated activities specified in the SFO are required to be licensed with the SFC and are subject to the rules, codes and guidelines issued by the SFC.
In their capacity as U.S. registered investment advisers, CSCM, CSUK and CSAL are subject to the rules and regulations of the Investment Advisers Act of 1940 (the Advisers Act). The Advisers Act imposes numerous obligations on registered investment advisers, including recordkeeping, operational and marketing requirements, disclosure obligations and prohibitions on fraudulent activities. In addition, our subsidiaries that serve as investment adviser or subadvisor to U.S. registered funds are subject to the Investment Company Act, which imposes additional governance, compliance, reporting and fiduciary obligations.


4

CSJL, our Japan-based subsidiary, is a financial instruments operator (discretionary investment management and investment advisory and agency) registered with the Financial Services Agency of Japan and the Kanto Local Finance Bureau and is subject to the Financial Instruments and Exchange Act. CSJL supports the marketing, client service and business development activities of the Company and may serve as an intermediary for investment products managed by other affiliates.
CSIL, our Irish subsidiary, is an Irish registered company. We have applied for a license to conduct regulated business in Ireland.
CSS, a New York-based subsidiary, is a registered broker-dealer regulated by the SEC, the Financial Industry Regulatory Authority and other federal and state agencies. CSS is subject to regulations governing, among other things, sales practices, capital structure and recordkeeping. CSS is also subject to the SEC’s net capital rule, which specifies minimum net capital levels for registered broker-dealers and is designed to enforce minimum standards for the general financial condition and liquidity of broker-dealers. Under certain circumstances, this rule may limit our ability to withdraw capital and receive dividends from CSS.
Because of the global and integrated nature of our business, regulation applicable to an affiliate in one jurisdiction may affect the operation of affiliates in others or require compliance at a group level.
Employees
As of December 31, 2019, we had 328 full-time employees.
Available Information
We file annual, quarterly and current reports, proxy statements and all amendments to these reports and other information with the SEC. We make available free of charge on or through our website at www.cohenandsteers.com our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to those reports as soon as reasonably practicable after such reports are electronically filed with or furnished to the SEC.


5

Item 1A. Risk Factors
Risks Related to our Business
A significant portion of our revenue for 2019 was derived from a single institutional client.
As of December 31, 2019, our largest institutional client, Daiwa Asset Management, which held most of its assets in U.S. REIT strategies in Japan subadvisory, represented approximately 7.8% of our total revenue for 2019. Approximately 31.9% of the institutional account assets we managed, and approximately 14.0% of our total assets under management were derived from this client. Investor demand for the products we subadvise for this client can be affected by, among other things, changes in the distributions paid by those products, the strength of the Japanese yen compared to the currencies in which the assets held in those products are denominated, and the market and regulatory environment in the Japanese mutual fund market. Changes in the distribution rates could decrease investor demand for these products, resulting in outflows of assets which would negatively impact our revenue and adversely affect our financial condition.
A decline in the absolute or relative performance of real estate securities would have an adverse effect on the assets we manage and our revenue.
As of December 31, 2019, approximately 61.7% of the assets we managed were concentrated in real estate securities. Real estate securities and real property investments owned by the issuers of real estate securities are subject to varying degrees of risk that could affect investment performance. Returns on investments in real estate securities depend on the amount of income and capital appreciation or loss realized by the underlying real property. Income and real estate values may be adversely affected by, among other things, unfavorable changes to tax laws and other laws and regulations applicable to real estate securities, the cost of compliance with applicable laws and regulations, interest rates, the availability of financing, the creditworthiness of tenants, and the limited ability of issuers of real estate securities to vary their portfolios promptly in response to changes in market conditions. If the underlying properties do not generate sufficient income to pay for ongoing operating expenses, the income and the ability of an issuer of real estate securities to pay interest and principal on debt securities or any dividends on common or preferred stocks will be adversely affected. A decline in the performance of real estate securities would have an adverse effect on the assets we manage and reduce the fees we earn and our revenue.
Our growth and the execution of our real estate investment strategy may be constrained by the size and number of real estate securities issuers, as well as REIT ownership restrictions.
Investments in real estate securities continue to play an important role in our overall investment strategy. Our ability to fully utilize our investment capacity and continue to increase our ownership of real estate securities depends, in part, on growth in the size and number of issuers in the real estate securities market, particularly in the U.S. Limited growth, or any consolidation activity in the real estate sector, could limit or reduce the number of investment opportunities otherwise available to us. In addition, increased competition for investment opportunities due to large amounts of available capital dedicated to real estate strategies, or a real or perceived trend towards merger and acquisition activity in the sector, could affect real estate valuations and prices. A limited number of investment targets could adversely impact our ability to make new investments based on fundamental valuations or at all, impair the full utilization of our overall investment capacity, and otherwise negatively affect our investment strategy.
Our ability to increase our ownership, or maintain existing levels of ownership, may also be constrained by REIT ownership limits, which limit the percentage ownership of a REIT’s outstanding capital stock, common stock, and/or preferred stock. REIT charters generally grant a REIT the right to unilaterally reduce any ownership amount that it deems to be in violation of its ownership limits. Such charters do not typically provide for the elimination of such right even in the event a REIT has previously provided waivers from such limits or acknowledgements that ownership levels do not violate such limits. To the extent these ownership restrictions prevent us from acquiring new or additional real estate securities, or force us to reduce existing ownership amounts, our revenue and our ability to invest available assets and increase the assets we manage could be negatively affected.
Seed investments made to support the launch of new strategies and products may expose us to potential losses on invested capital.
Our success is partially dependent on our ability to develop, launch, market and manage new investment strategies and products. New investment strategies and products require an initial cash investment, time and sufficient resources as well as ongoing marketing and other support, including potential subsidies of operating expenses.


6

From time to time, we support the launch of new investment strategies and products by making seed investments in those strategies and products. Numerous risks and uncertainties are associated with all stages of the seed investment product life cycle, including investment performance, market risks, shifting client or market preferences, the introduction of competing products and compliance with regulatory requirements. Seed investments in new strategies and products utilize capital that would otherwise be available for other corporate purposes and expose us to potential capital losses, against which we may not hedge. To the extent we realize losses on our seed investments, our earnings and financial condition may be adversely impacted.
Regulations restricting the use of commission credits to pay for research have increased, and may continue to increase, our operating expenses.
On behalf of our clients, we make decisions to buy and sell securities, select broker-dealers to execute trades and negotiate brokerage commission rates. In connection with these transactions and subject to best execution, we receive commission credits to pay for eligible research and services from broker-dealers and other eligible service providers. As a result of regulations in the European Union, we previously determined to eliminate the use of commission credits to pay for research and eligible services for accounts within the scope of MiFID II. Our operating expenses increased due to the decision to pay for research and eligible services for these accounts.
Depending on the evolution of market practices and regulatory developments, we may elect to pay for research and expenses globally, subject to applicable SEC regulations, to conform to market practices, which would further increase our operating expenses.
We face substantial competition in all aspects of our business.
The investment management industry is highly competitive, and investors are increasingly fee sensitive. We compete against a large number of investment products offered by other investment management companies, investment dealers, banks and insurance companies, and many institutions we compete with have greater financial resources than us. We compete with these firms on the basis of investment performance, diversity of products, distribution capability, scope and quality of services, reputation and the ability to develop new investment strategies and products to meet the changing needs of investors.
Our actively managed investment strategies compete not only against other active strategies but also against similarly positioned passive strategies. The continuing shift in market demand toward index funds and other passive strategies reduces opportunities for active managers and may accelerate fee compression. In the event that competitors charge lower fees for substantially similar products, we may be forced to compete on the basis of price in order to attract and retain clients. In order to maintain our current fee structure in a competitive environment, we must be able to provide clients with investment returns and service commensurate with the level of fees we charge. To the extent current or potential clients decide to invest in products sponsored by our competitors, the sales of our products as well as our market share, revenue and net income could decline.
The inability to access clients through third-party intermediaries could have a material adverse effect on our business.
In recent years, a significant portion of the growth in the assets we manage has been from assets attributable to the distribution of our products through third-party intermediaries. Our ability to distribute our products is highly dependent on access to the client bases and product platforms of international, national and regional securities firms, investment advisory firms, banks, insurance companies, defined contribution plan administrators and other intermediaries, which generally offer competing investment products that could limit the distribution of our products. In addition, our separate account business, subadvisory and model delivery services depend in part on recommendations by consultants, financial planners and other professional advisors, as well as our existing clients.
The structure and terms of the distribution arrangements with intermediaries, including fees or rebates paid by us or our funds to intermediaries to assist with distribution efforts, and the ability of our funds to participate in these intermediary platforms are subject to changes driven by market competition and regulatory developments. Our existing relationships with third-party intermediaries and access to new intermediaries could be adversely affected by continued consolidation within the financial services industry. Consolidation may result in increased distribution costs, a reduction in the number of third parties distributing our investment products or increased competition to access third-party distribution channels. There can be no assurance that we will be able to retain access to these channels. Loss of any of these third-party distribution channels, or changes to their structure and terms, or any reduction in our ability to access clients and investors through existing and new distribution channels, could adversely affect our business.


7

Our growth could be adversely affected if we are unable to manage the costs associated with the expansion of our business.
Our growth strategy continues to involve diversifying our investment management business to include products and services outside of investments in real estate securities. As part of the implementation of our strategy, we have emphasized the development of broader real assets strategies, including global listed infrastructure and midstream energy, and have expanded our geographical presence and capabilities as well as product and service offerings outside the U.S. As a result, our fixed costs and other expenses have increased to support the development of new strategies and products, to expand the availability and marketability of our existing strategies and products, to grow our potential client base, and to enhance our infrastructure, including additional office space, technology and personnel. The success of our business strategy and future growth is contingent upon our ability to continue to support the development of new strategies and products, to expand the availability of our existing strategies and products, and our ability to successfully manage multiple offices and navigate legal and regulatory systems both domestically and internationally. The cost of adequately supporting such growth and initiatives will have an effect on our operating margin and other financial results.
Our clients may withdraw or reduce the amount of assets we manage or otherwise change the terms of our relationship, which could have an adverse impact on our revenue.
Our institutional clients, and firms with which we have strategic alliances, may terminate their relationship with us, reduce the amount of assets we manage, shift their assets to other types of accounts with different fee structures, or renegotiate the fees we charge them for any number of reasons, including investment performance, redemptions by beneficial owners of funds we manage or subadvise, actual or perceived competition between the accounts we subadvise and our proprietary investment products, changes in the key members of an investment team, changes in prevailing interest rates and financial market performance. Certain investors in the funds we manage hold their shares indirectly through platforms sponsored by financial institutions that have the authority to make investment and asset allocation decisions on behalf of such investors. Decisions by investors to redeem assets may require selling investments at a disadvantageous time or price, which could negatively affect the amount of our assets under management or our ability to continue to pursue certain investment strategies. In a declining market or in conditions of poor relative or absolute performance, the pace of redemptions and withdrawals and the loss of institutional and individual separate account clients could accelerate. The occurrence of any of these events could have a material adverse effect on our revenue.
Limitations on our ability to utilize leverage in the closed-end funds we sponsor could reduce our assets under management and revenue.
Certain of the closed-end funds sponsored by us utilize leverage in the form of bank financing, which in the aggregate amounted to approximately $2.2 billion as of December 31, 2019. To the extent any closed-end fund sponsored by us elects or is required by regulation or the terms of its bank financing to reduce leverage, such fund may need to liquidate its investments. Reducing leverage or liquidating investments during adverse market conditions would reduce the Company’s assets under management and revenue.
We could incur financial losses, reputational harm and regulatory penalties if we fail to implement effective information security policies and procedures.
Our business is dependent on the effectiveness of our information and cyber security policies and procedures to protect our network and telecommunications systems and the data that reside in or are transmitted through such systems. As part of our normal operations, we maintain and transmit confidential information about our employees and clients’ portfolios as well as proprietary information relating to our business operations. We maintain a system of internal controls designed to provide reasonable assurance that fraudulent activity, including misappropriation of our assets, fraudulent financial reporting, and unauthorized access to sensitive or confidential information is either prevented or timely detected and remediated. However, our technology systems may still be vulnerable to unauthorized access or may be corrupted by cyber attacks, computer viruses or other malicious software code, or authorized persons could inadvertently or intentionally release confidential or proprietary information. The nature of these threats is constantly evolving and becoming increasingly sophisticated. Although we take precautions to password protect and encrypt our employees’ mobile electronic devices, if such devices are stolen, misplaced or left unattended, they may become vulnerable to hacking or other unauthorized use, creating a possible security risk. While, to date, we have not had a significant cyber security breach or attack that has had a material impact on our operations, there can be no assurance that our efforts to maintain the security and integrity of our information technology systems will be effective in the future.


8

Breach or other failure of our technology systems, including those of third parties with whom we do business, could result in the loss of valuable information, liability for stolen assets or information, remediation costs to repair damage caused by the incident, additional security costs to mitigate against future incidents, regulatory penalties and litigation costs resulting from the incident. In addition, our increased use of mobile and cloud technologies could increase these and other operational risks, and any failure by mobile or cloud technology service providers to adequately safeguard their systems could disrupt our operations and result in misappropriation, corruption or loss of confidential or proprietary information. Moreover, loss of confidential client information could harm our reputation, result in the termination of contracts by our existing clients and subject us to litigation or liability under laws that protect confidential personal data, resulting in increased costs or loss of revenues. We maintain a cyber insurance policy to help mitigate against any potential losses relating to information security breaches. However, such insurance may only partially reimburse us for our losses, if at all, and if a claim is successful and exceeds or is not covered by our insurance policy, we may be required to pay a substantial amount to satisfy such successful claim.
Failure to maintain adequate business continuity plans could have a material adverse effect on the Company and its products.
Significant portions of our business operations and those of our critical third-party service providers are concentrated in a few geographic areas, including New York and New Jersey. Critical operations that are geographically concentrated in New York include portfolio management, trading operations, information technology, investment administration, and portfolio accounting services for our products as well as corporate accounting systems. Should we, or any of our critical service providers, experience a significant local or regional disaster or other significant business disruption, our ability to remain operational will depend in part on the safety and availability of our personnel, our office facilities, and the proper functioning of our network, telecommunication and other related systems and operations. We have backup systems and contingency plans, but we cannot ensure that they will be adequate under all circumstances or that material interruptions and disruptions will not occur. In addition, we rely to varying degrees on outside vendors for disaster recovery support, and we cannot guarantee that these vendors will be able to perform in an adequate and timely manner. Failure by us, or any of our critical service providers, to maintain up-to-date business continuity plans, including system backup facilities, would impede our ability to operate in the event of a significant business disruption, which could result in financial losses to the Company and our clients and investors.
We could experience loss of client relationships if our reputation is harmed.
Our reputation is important to the success of our business. We believe that the Cohen & Steers brand has been, and continues to be, well received globally both in our industry and with our clients, reflecting the fact that our brand, like our business, is based in part on trust and confidence. Our reputation may be harmed by a number of factors, including, but not limited to, poor investment performance, operational failures, the dissemination by current or former clients of unfavorable opinions about our services, changes in key members of an investment team or changes in our senior management and the imposition of legal or regulatory sanctions or penalties in connection with our business activities. If our reputation is harmed, existing clients and investors may reduce amounts held in, or withdraw entirely from, funds or accounts that we manage, or funds or accounts may terminate their relationship with us. In addition, reputational harm may cause us to lose current employees and we may be unable to attract new ones with similar qualifications or skills, which could negatively affect our operations. If we fail to address, or appear to fail to address, successfully and promptly, the underlying causes of any reputational harm, we may be unsuccessful in repairing any damage to our reputation and our future business prospects would likely be affected, and the loss of client relationships could reduce our assets under management, revenue and earnings.
The failure of a key vendor to fulfill its obligations to the Company could have a material adverse effect on the Company and its products.
We depend on a number of key vendors for various fund administration, fund and corporate accounting, custody and transfer agent services, information technology services, market data, and other operational needs. The failure or inability of the Company to establish backup for key services or the failure of any key vendor to fulfill its obligations could lead to operational issues for the Company and certain of its products, which could result in financial losses for the Company and its clients.




9

Risks Related to our Common Stock
A significant portion of our common stock is owned or controlled by our Chairman and our Chief Executive Officer and their respective family members, which may limit the ability of other stockholders to influence the affairs of the Company.
Our Chairman and a member of his family beneficially owned or controlled approximately 20.6% of our common stock as of December 31, 2019. In addition, our Chief Executive Officer and a member of his family beneficially owned or controlled approximately 24.8% of our common stock as of December 31, 2019. Such levels of ownership or control create the ability to meaningfully influence, among other things:
•
the election of members of our board of directors, thereby indirectly influencing the management and affairs of the Company;
•
the outcome of matters submitted to a vote of our stockholders; and
•
any unsolicited acquisition of us and, consequently, potentially adversely affect the market price of our common stock or prevent our stockholders from realizing a premium on their shares.
The interests of one or more of such persons may differ from those of other stockholders in instances where, for example, management compensation is being determined or where an unsolicited acquisition of us could result in a change in our management. The concentration of beneficial ownership in such persons may limit the ability of our other stockholders to influence the affairs of the Company.
A sale of a substantial number of shares of our common stock may adversely affect the market price of our common stock, and the issuance of additional shares will dilute your percentage ownership in the Company.
A sale of a substantial number of shares of our common stock in the public market, or the perception that such sale may occur, could adversely affect the market price of our common stock. Our Chairman and our Chief Executive Officer, together with certain of their respective family members, beneficially owned or controlled 9,749,328 shares and 11,734,949 shares, respectively, of our common stock as of December 31, 2019. Any of such persons may sell shares of our common stock in the open market, subject to any restrictions imposed by U.S. federal securities laws on sales by affiliates.
In connection with our initial public offering in 2004, we entered into a Registration Rights Agreement with our Chairman and our Chief Executive Officer and certain trust entities controlled by certain of their respective family members that requires us to register under the Securities Act of 1933, as amended, shares of our common stock (and other securities convertible into or exchangeable or exercisable for shares of common stock) held by them under certain circumstances. In May 2018, we filed a Registration Statement on Form S-3 covering (i) the resale of up to an aggregate of 22,911,757 shares owned or controlled by our Chairman and our Chief Executive Officer and certain other persons and (ii) the offer and sale of an indeterminate number of shares by us to the public. The sale of a substantial number of shares of our common stock may adversely affect the market price of our common stock, and any additional shares that we issue will dilute your percentage ownership in the Company.
Anti-takeover provisions in our charter documents and Delaware law may delay or prevent a change in control of us, which could decrease the trading price of our common stock.
Our certificate of incorporation and bylaws and Delaware law contain certain anti-takeover provisions that could have the effect of making it more difficult for a third party to acquire, or of discouraging a third party from attempting to acquire, control of the Company without negotiating with our board of directors. Such provisions could limit the price that certain investors might be willing to pay in the future for the Company’s common stock. Certain of these provisions allow the Company to issue preferred stock with rights more senior to those of our common stock, impose various procedural and other requirements that could make it more difficult for stockholders to effect certain corporate actions, and set forth rules about how stockholders may present proposals or nominate directors for election at annual meetings.
We believe these provisions protect our stockholders from coercive or other unfair takeover tactics by requiring potential acquirers to negotiate with our board of directors and by providing our board of directors with more time to assess acquisition proposals. However, these provisions apply even if an acquisition proposal may be considered beneficial by some stockholders and could have the effect of delaying or preventing an acquisition. In the event that our board of directors determines that a potential business combination transaction would be beneficial to the Company and its stockholders, such stockholders may elect to sell their shares in the Company and the trading price of our common stock could decrease.


10

Legal and Regulatory Risks
We may be adversely impacted by legal and regulatory changes in the U.S. and internationally.
We operate in a highly regulated industry and are subject to new regulations and revisions to, and evolving interpretations of, existing regulations in the U.S. and internationally. In recent years, regulators in the U.S. and abroad have increased oversight of the financial services industry, which may result in regulation that increases the Company’s cost of conducting its business and maintaining its global compliance standards or limit or change the Company’s current or prospective business.
U.S. regulatory agencies have proposed and adopted multiple regulations that could impact the mutual fund industry. The SEC’s final rules and amendments that modernize reporting and disclosure and the implementation of a liquidity risk management program, along with other potential new regulations such as standardized fiduciary rules, could restrict the funds we manage from engaging in certain transactions, impact flows, increase expenses as well as compliance costs.
In Europe, rules and regulations under MiFID II and MiFIR became effective on January 3, 2018. These have had, and will continue to have, direct and indirect effects on our operations in Europe, including increased costs for investment research and increased compliance, disclosure, reporting, and other obligations.
There has been an increase in data and privacy regulations globally. In May 2018, the European Union’s General Data Protection Regulation (GDPR) became effective. The primary objectives of GDPR are to give individuals control of their personal data and to simplify the regulatory environment by unifying data protection regulation in the European Union. This has required us to extensively review our global data processing systems and procedures to comply with GDRP’s stringent rules. Compliance under GDPR has resulted in higher costs for increased disclosure and other obligations. Failure to comply with GDPR could result in fines up to the higher of 20 million euros or 4% of annual global revenues. Additionally, U.S. state data breach and privacy legislation, including the California Consumer Privacy Act, have come into effect requiring us to comply with stringent requirements, and we expect that there will be further regulation and legislation that will come into effect in the near future that will require us to comprehensively review our systems and processes and may result in additional costs.
The U.K.’s exit from the European Union on January 31, 2020 (referred to as Brexit) may disrupt our business operations and impact our reported financial results as well as the liquidity and value of our investments. Brexit has caused significant geo-political and legal uncertainty and market volatility in the U.K. and elsewhere, which has continued during the Brexit negotiation process. CSUK’s ability to market and provide its services or serve as a distributor of financial products within the European Union could be restricted temporarily or in the long term as a result of Brexit. Our contingency plans for Brexit require the cooperation of counterparties or a regulator of financial services to make timely arrangements. While we believe it is in the best interests of counterparties and regulators to cooperate, we cannot guarantee that counterparties or regulators will cooperate or the timeliness of their cooperation. Our operating expenses have increased as we implement our plan to continue to market and provide our services and distribute our products in the short and/or long term.
Although the full extent of the foregoing regulatory changes is still unclear, they may affect our business operations and increase our operating expenses.
Our involvement in legal proceedings could adversely affect our results of operations and financial condition.
Many aspects of our business involve risks of legal liability. Claims against us may arise in the ordinary course of business, including employment-related claims, and from time to time, we may receive subpoenas or other requests for information from various U.S. and non-U.S. governmental or regulatory authorities and third parties in connection with certain industry-wide, company-specific or other investigations or proceedings. In addition, certain funds we manage may become subject to lawsuits, any of which could potentially impact the investment returns of the applicable fund.
We carry insurance in amounts and under terms that we believe are appropriate to cover potential liabilities related to litigation. However, we cannot guarantee that our insurance will cover all liabilities and losses to which we may be exposed, or that our insurance policies will continue to be available at acceptable terms and fees. As our insurance policies are due for renewal, we may need to assume higher deductibles or pay higher premiums, which would increase our expenses and reduce our net income.



11

The tax treatment of certain of our funds involves the interpretation of complex provisions of U.S. federal income tax law for which no precedent may be available and may be subject to potential legislative, judicial or administrative change and differing interpretations, possibly on a retroactive basis.
The U.S. federal income tax treatment of certain of our funds depends in some instances on determinations of fact and interpretations of complex provisions of U.S. federal income tax law for which no clear precedent or authority may be available. U.S. federal income tax rules are constantly under review by the IRS and the U.S. Department of the Treasury, frequently resulting in revised interpretations of established concepts, statutory changes, revisions to regulations and other modifications and interpretations. Recent and ongoing changes to U.S. federal income tax laws and interpretations thereof could cause us to change our investments and commitments, affect the tax considerations of an investment in us and our funds and change the character or treatment of portions of our income. In addition, the Company may be required to make certain assumptions when electing a particular tax treatment. It is possible that the IRS could assert successfully that the assumptions made by us do not satisfy the technical requirements of the Internal Revenue Code and/or Treasury Regulations and could require items of income, gain, deduction, loss or credit, including interest deductions, be adjusted, reallocated or disallowed in a manner that adversely affects us and our clients.


12


Item 1B. Unresolved Staff Comments
The Company has no unresolved SEC staff comments.
Item 2. Properties
Our principal executive office is located in leased office space at 280 Park Avenue, New York, New York. In addition, we have leased office space in London, Dublin, Hong Kong and Tokyo.
Item 3. Legal Proceedings
From time to time, we may become involved in legal matters relating to claims arising in the ordinary course of our business. There are currently no such matters pending that we believe could have a material effect on our consolidated results of operations, cash flows or financial condition. In addition, from time to time, we may receive subpoenas or other requests for information from various U.S. federal and state governmental authorities, domestic and international regulatory authorities and third parties in connection with certain industry-wide inquiries or other investigations or legal proceedings. It is our policy to cooperate fully with such requests.
Item 4. Mine Safety Disclosures
Not applicable.


13


PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the New York Stock Exchange (NYSE) and is traded under the symbol “CNS”. As of February 18, 2020, there were 33 holders of record of our common stock. Holders of record include institutional and omnibus accounts that hold common stock on behalf of numerous underlying beneficial owners.
Payment of any dividends to our common stockholders is subject to the approval of our Board of Directors. When determining whether to pay a dividend, we take into account general economic and business conditions, our strategic plans, our financial results and condition, contractual, legal and regulatory restrictions on the payment of dividends by us and our subsidiaries and such other factors deemed relevant. On February 20, 2020, we declared a quarterly cash dividend on our common stock in the amount of $0.39 per share.
Issuer Purchases of Equity Securities
During the three months ended December 31, 2019, we did not make any purchases of our equity securities that are registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.
Recent Sales of Unregistered Securities
None.


14

Item 6. Selected Financial Data
The selected consolidated financial data, together with other information presented below, should be read in conjunction with our consolidated financial statements and the notes to those statements and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in this Annual Report on Form 10-K.
Selected Consolidated Financial and Other Data
(in thousands, except per share data)
As of and For the Years Ended December 31,
 
 
2019
 
2018
 
2017
 
2016
 
2015
 
Consolidated Statements of Operations
 
 
 
 
 
 
 
 
 
 
Total revenue
$
410,830

 
$
381,111

 
$
378,696

(1) 
$
351,497

(1) 
$
328,655

 
Total expenses
250,696

 
234,073

 
223,950

(1) 
215,986

(1) 
201,106

 
Operating income
160,134

 
147,038

 
154,746

 
135,511

 
127,549

 
Total non-operating income (loss)
27,415

 
(3,259
)
 
5,654

 
7,892

 
(14,805
)
(2) 
Income before provision for income taxes
187,549

 
143,779

 
160,400

 
143,403

 
112,744

 
Provision for income taxes
40,565

(3) 
34,257

(3) 
67,914

 
50,593

 
48,407

 
Net income
146,984

 
109,522

 
92,486

 
92,810

 
64,337

 
Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
 
126

 
214

 
Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

 
$
92,936

 
$
64,551

 
 
 
 
 

 
 

 
 

 
 

 
Earnings per share attributable to common stockholders
 
 
 

 
 

 
 

 
 

 
Basic
$
2.85

 
$
2.43

 
$
1.98

 
$
2.02

 
$
1.42

 
Diluted
$
2.79

 
$
2.40

 
$
1.96

 
$
2.00

 
$
1.41

 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per share
 
 
 
 
 
 
 
 
 
 
Quarterly
$
1.44

 
$
1.32

 
$
1.12

 
$
1.04

 
$
1.00

 
Special
$
2.00

 
$
2.50

 
$
1.00

 
$
0.50

 
$
0.50

 
Consolidated Statements of Financial Condition
 
 
 

 
 

 
 

 
 

 
Cash and cash equivalents
$
101,352

 
$
92,733

 
$
193,452

 
$
183,234

 
$
142,728

 
Investments
155,213

 
224,932

 
108,106

 
54,544

 
71,334

 
Total assets
402,419

 
481,039

 
410,125

 
333,728

 
305,322

 
Total liabilities
135,304

 
144,201

 
86,794

 
67,061

 
62,212

 
Redeemable noncontrolling interests
53,412

 
114,192

 
47,795

 
853

 
11,334

 
Total stockholders’ equity
213,703

 
222,646

 
275,536

 
265,814

 
231,776

 
 
 
 
 
 
 
 
 
 
 
 
Other Data (in millions)
 
 
 

 
 

 
 

 
 

 
Assets under management (AUM) by investment vehicle: (4)
 
 

 
 

 
 

 
 

 
Institutional accounts
$
31,813

 
$
27,148

 
$
30,896

 
$
29,848

 
$
27,253

 
Open-end funds
30,725

 
22,295

 
25,188

 
21,177

 
18,696

 
Closed-end funds
9,644

 
8,410

 
9,406

 
8,963

 
9,029

 
Total AUM
$
72,182

 
$
57,853

 
$
65,490

 
$
59,988

 
$
54,978

 
 
_________________________
(1) Amounts have been recast to reflect the Company’s adoption of the new revenue recognition accounting standard on January 1, 2018. See Notes 2 and 3 of the consolidated financial statements for further discussion of the Company's recently adopted accounting pronouncements and revenue, respectively.
(2) Includes $8.2 million of unrealized losses related to the reclassification of one of the Company’s seed investments from available-for-sale to equity method and a $2.8 million other-than-temporary impairment.
(3) Amount reflects the lower U.S. federal statutory tax rate of 21.0% due to the Tax Cuts and Jobs Act.
(4) Prior period amounts have been recast to include model-based portfolios which were previously classified as assets under advisement.


15

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
This Annual Report on Form 10-K and other documents filed by us contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect management’s current views with respect to, among other things, our operations and financial performance. You can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “may,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative versions of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. We believe that these factors include, but are not limited to, the risks described in Item 1A. Risk Factors of this Annual Report on Form 10-K. These factors are not exhaustive and should be read in conjunction with the other cautionary statements that are included in this Annual Report on Form 10-K. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
Cohen & Steers, Inc. (CNS), a Delaware corporation formed in 2004, and its subsidiaries are collectively referred to as the Company, we, us or our.
Executive Overview
We are a global investment manager specializing in real assets and alternative income. Our specialties include real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, we are headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
Our primary investment strategies include U.S. real estate securities, global/international real estate securities, global listed infrastructure, midstream energy and MLPs, real assets multi-strategy, preferred securities, low duration preferred securities and global natural resource equities. Our strategies seek to achieve a variety of investment objectives for different risk profiles and are actively managed by specialist teams of investment professionals who employ fundamental-driven research and portfolio management processes. We offer our strategies through a variety of investment vehicles, including U.S. and non-U.S. registered funds and other commingled vehicles, separate accounts, and subadvised portfolios.
Our distribution network encompasses two major channels in the asset management industry. Our Wealth channel covers sophisticated financial intermediaries, including national and regional brokerage firms, registered investment advisers, and bank trusts. The U.S. registered open-end funds for which we serve as investment adviser are available for purchase with and without commissions through full service and discount broker-dealers as well as the significant networks serving financial advisers. Our institutional channel includes corporate, public defined benefit plans, public defined contribution pension plans and Taft-Hartley trusts, endowments and foundations, sovereign wealth funds, healthcare, insurance companies as well as other financial institutions that access our investment management services directly, through consultants or through other intermediaries.
Our revenue is derived from fees received from our clients, including fees for managing or subadvising client accounts as well as investment advisory, administration, distribution and service fees received from Company-sponsored open-end and closed-end funds. Our fees are based on contractually specified rates applied to the value of the assets we manage and, in certain cases, investment performance. Our revenue fluctuates with changes in the total value of our assets under management, which may occur as a result of market appreciation and depreciation, contributions or withdrawals from client accounts, foreign currency fluctuations and distributions. This revenue is recognized over the period that the assets are managed.
A majority of our revenue, approximately 92.1%, 91.8% and 91.1% for the years ended December 31, 2019, 2018 and 2017, respectively, was derived from investment advisory and administration fees for providing asset management services to institutional accounts as well as open-end funds and closed-end funds sponsored by the Company.





16

Assets Under Management
By Investment Vehicle
 
Years Ended December 31,
(in millions)
2019
 
2018 (1)
 
2017 (1)
Institutional Accounts
 
 
 
 
 
Assets under management, beginning of period
$
27,148

 
$
30,896

 
$
29,848

Inflows
3,993

 
2,814

 
3,963

Outflows
(4,908
)
 
(3,558
)
 
(3,267
)
Net inflows (outflows)
(915
)
 
(744
)
 
696

Market appreciation (depreciation)
6,873

 
(1,074
)
 
3,178

Distributions
(1,306
)
 
(1,962
)
 
(3,018
)
Transfers
13

 
32

 
192

Total increase (decrease)
4,665

 
(3,748
)
 
1,048

Assets under management, end of period
$
31,813

 
$
27,148

 
$
30,896

Percentage of total assets under management
44.1
%
 
46.9
%
 
47.2
%
Average assets under management
$
30,301

 
$
28,893

 
$
30,682

 
 
 
 
 
 
Open-end Funds
 
 
 
 
 
Assets under management, beginning of period
$
22,295

 
$
25,188

 
$
21,177

Inflows
12,484

 
8,963

 
9,702

Outflows
(7,745
)
 
(9,411
)
 
(6,541
)
Net inflows (outflows)
4,739

 
(448
)
 
3,161

Market appreciation (depreciation)
5,881

 
(1,302
)
 
2,230

Distributions
(2,177
)
 
(1,111
)
 
(1,188
)
Transfers
(13
)
 
(32
)
 
(192
)
Total increase (decrease)
8,430

 
(2,893
)
 
4,011

Assets under management, end of period
$
30,725

 
$
22,295

 
$
25,188

Percentage of total assets under management
42.6
%
 
38.5
%
 
38.5
%
Average assets under management
$
27,595

 
$
24,276

 
$
23,373

 
 
 
 
 
 
Closed-end Funds
 
 
 
 
 
Assets under management, beginning of period
$
8,410

 
$
9,406

 
$
8,963

Inflows
5

 
12

 
—

Outflows
(80
)
 
—

 
—

Net inflows (outflows)
(75
)
 
12

 
—

Market appreciation (depreciation)
1,823

 
(496
)
 
949

Distributions
(514
)
 
(512
)
 
(506
)
Total increase (decrease)
1,234

 
(996
)
 
443

Assets under management, end of period
$
9,644

 
$
8,410

 
$
9,406

Percentage of total assets under management
13.4
%
 
14.5
%
 
14.4
%
Average assets under management
$
9,381

 
$
9,012

 
$
9,343

 
 
 
 
 
 
Total
 
 
 
 
 
Assets under management, beginning of period
$
57,853

 
$
65,490

 
$
59,988

Inflows
16,482

 
11,789

 
13,665

Outflows
(12,733
)
 
(12,969
)
 
(9,808
)
Net inflows (outflows)
3,749

 
(1,180
)
 
3,857

Market appreciation (depreciation)
14,577

 
(2,872
)
 
6,357

Distributions
(3,997
)
 
(3,585
)
 
(4,712
)
Total increase (decrease)
14,329

 
(7,637
)
 
5,502

Assets under management, end of period
$
72,182

 
$
57,853

 
$
65,490

Average assets under management
$
67,277

 
$
62,181

 
$
63,398

_________________________
(1)
Amounts have been recast to include model-based portfolios which were previously classified as assets under advisement.


17

Assets Under Management - Institutional Accounts
By Account Type
 
Years Ended December 31,
(in millions)
2019
 
2018 (1)
 
2017 (1)
Advisory
 
 
 
 
 
Assets under management, beginning of period
$
12,065

 
$
11,341

 
$
9,068

Inflows
1,918

 
2,101

 
1,822

Outflows
(1,351
)
 
(925
)
 
(868
)
Net inflows (outflows)
567

 
1,176

 
954

Market appreciation (depreciation)
3,032

 
(484
)
 
1,127

Transfers
5

 
32

 
192

Total increase (decrease)
3,604

 
724

 
2,273

Assets under management, end of period
$
15,669

 
$
12,065

 
$
11,341

Percentage of total assets under management
49.3
%
 
44.4
%
 
36.7
%
Average assets under management
$
14,752

 
$
11,804

 
$
10,280

 
 
 
 
 
 
Japan Subadvisory
 
 
 
 
 
Assets under management, beginning of period
$
9,288

 
$
12,672

 
$
14,888

Inflows
942

 
144

 
1,411

Outflows
(1,076
)
 
(1,250
)
 
(1,545
)
Net inflows (outflows)
(134
)
 
(1,106
)
 
(134
)
Market appreciation (depreciation)
2,475

 
(316
)
 
936

Distributions
(1,306
)
 
(1,962
)
 
(3,018
)
Total increase (decrease)
1,035

 
(3,384
)
 
(2,216
)
Assets under management, end of period
$
10,323

 
$
9,288

 
$
12,672

Percentage of total assets under management
32.4
%
 
34.2
%
 
41.0
%
Average assets under management
$
9,954

 
$
10,608

 
$
13,967

 
 
 
 
 
 
Subadvisory Excluding Japan
 
 
 
 
 
Assets under management, beginning of period
$
5,795

 
$
6,883

 
$
5,892

Inflows
1,133

 
569

 
730

Outflows
(2,481
)
 
(1,383
)
 
(854
)
Net inflows (outflows)
(1,348
)
 
(814
)
 
(124
)
Market appreciation (depreciation)
1,366

 
(274
)
 
1,115

Transfers
8

 
—

 
—

Total increase (decrease)
26

 
(1,088
)
 
991

Assets under management, end of period
$
5,821

 
$
5,795

 
$
6,883

Percentage of total assets under management
18.3
%
 
21.3
%
 
22.3
%
Average assets under management
$
5,595

 
$
6,481

 
$
6,435

 
 
 
 
 
 
Total Institutional Accounts
 
 
 
 
 
Assets under management, beginning of period
$
27,148

 
$
30,896

 
$
29,848

Inflows
3,993

 
2,814

 
3,963

Outflows
(4,908
)
 
(3,558
)
 
(3,267
)
Net inflows (outflows)
(915
)
 
(744
)
 
696

Market appreciation (depreciation)
6,873

 
(1,074
)
 
3,178

Distributions
(1,306
)
 
(1,962
)
 
(3,018
)
Transfers
13

 
32

 
192

Total increase (decrease)
4,665

 
(3,748
)
 
1,048

Assets under management, end of period
$
31,813

 
$
27,148

 
$
30,896

Average assets under management
$
30,301

 
$
28,893

 
$
30,682

_________________________
(1)
Amounts have been recast to include model-based portfolios which were previously classified as assets under advisement.


18

Assets Under Management
By Investment Strategy
 
Years Ended December 31,
(in millions)
2019
 
2018 (1)
 
2017 (1)
U.S. Real Estate
 
 
 
 
 
Assets under management, beginning of period
$
24,627

 
$
29,241

 
$
30,587

Inflows
7,298

 
4,488

 
5,703

Outflows
(5,363
)
 
(5,158
)
 
(5,241
)
Net inflows (outflows)
1,935

 
(670
)
 
462

Market appreciation (depreciation)
7,346

 
(1,151
)
 
1,896

Distributions
(2,886
)
 
(2,561
)
 
(3,694
)
Transfers
2

 
(232
)
 
(10
)
Total increase (decrease)
6,397

 
(4,614
)
 
(1,346
)
Assets under management, end of period
$
31,024

 
$
24,627

 
$
29,241

Percentage of total assets under management
43.0
%
 
42.6
%
 
44.6
%
Average assets under management
$
29,117

 
$
26,605

 
$
30,271

 
 
 
 
 
 
Preferred Securities
 
 
 
 
 
Assets under management, beginning of period
$
13,068

 
$
14,435

 
$
10,797

Inflows
5,726

 
4,503

 
5,168

Outflows
(3,041
)
 
(4,723
)
 
(2,635
)
Net inflows (outflows)
2,685

 
(220
)
 
2,533

Market appreciation (depreciation)
2,406

 
(803
)
 
1,645

Distributions
(597
)
 
(560
)
 
(540
)
Transfers
19

 
216

 
—

Total increase (decrease)
4,513

 
(1,367
)
 
3,638

Assets under management, end of period
$
17,581

 
$
13,068

 
$
14,435

Percentage of total assets under management
24.4
%
 
22.6
%
 
22.0
%
Average assets under management
$
15,702

 
$
14,237

 
$
12,829

 
 
 
 
 
 
Global/International Real Estate
 
 
 
 
 
Assets under management, beginning of period
$
11,047

 
$
11,194

 
$
9,456

Inflows
2,541

 
1,975

 
1,520

Outflows
(2,714
)
 
(1,669
)
 
(1,071
)
Net inflows (outflows)
(173
)
 
306

 
449

Market appreciation (depreciation)
2,887

 
(254
)
 
1,491

Distributions
(252
)
 
(199
)
 
(212
)
Transfers
—

 
—

 
10

Total increase (decrease)
2,462

 
(147
)
 
1,738

Assets under management, end of period
$
13,509

 
$
11,047

 
$
11,194

Percentage of total assets under management
18.7
%
 
19.1
%
 
17.1
%
Average assets under management
$
12,718

 
$
11,341

 
$
10,327

_________________________
(1)
Amounts have been recast to include model-based portfolios which were previously classified as assets under advisement.









19

Assets Under Management
By Investment Strategy - continued
 
Years Ended December 31,
(in millions)
2019
 
2018 (1)
 
2017 (1)
Global Listed Infrastructure
 
 
 
 
 
Assets under management, beginning of period
$
6,517

 
$
6,982

 
$
5,712

Inflows
713

 
601

 
872

Outflows
(699
)
 
(448
)
 
(376
)
Net inflows (outflows)
14


153


496

Market appreciation (depreciation)
1,520

 
(419
)
 
970

Distributions
(201
)
 
(199
)
 
(196
)
Transfers
226

 
—

 
—

Total increase (decrease)
1,559

 
(465
)
 
1,270

Assets under management, end of period
$
8,076

 
$
6,517

 
$
6,982

Percentage of total assets under management
11.2
%
 
11.3
%
 
10.7
%
Average assets under management
$
7,455

 
$
6,924

 
$
6,506

 
 
 
 
 
 
Other
 
 
 
 
 
Assets under management, beginning of period
$
2,594

 
$
3,638

 
$
3,436

Inflows
204

 
222

 
402

Outflows
(916
)
 
(971
)
 
(485
)
Net inflows (outflows)
(712
)
 
(749
)
 
(83
)
Market appreciation (depreciation)
418

 
(245
)
 
355

Distributions
(61
)
 
(66
)
 
(70
)
Transfers
(247
)
 
16

 
—

Total increase (decrease)
(602
)
 
(1,044
)
 
202

Assets under management, end of period
$
1,992

 
$
2,594

 
$
3,638

Percentage of total assets under management
2.8
%
 
4.5
%
 
5.6
%
Average assets under management
$
2,285

 
$
3,075

 
$
3,465

 
 
 
 
 
 
Total
 
 
 
 
 
Assets under management, beginning of period
$
57,853

 
$
65,490

 
$
59,988

Inflows
16,482

 
11,789

 
13,665

Outflows
(12,733
)
 
(12,969
)
 
(9,808
)
Net inflows (outflows)
3,749

 
(1,180
)
 
3,857

Market appreciation (depreciation)
14,577

 
(2,872
)
 
6,357

Distributions
(3,997
)
 
(3,585
)
 
(4,712
)
Total increase (decrease)
14,329

 
(7,637
)
 
5,502

Assets under management, end of period
$
72,182

 
$
57,853

 
$
65,490

Average assets under management
$
67,277

 
$
62,182

 
$
63,398

_________________________
(1)
Amounts have been recast to include model-based portfolios which were previously classified as assets under advisement.









20

Investment Performance as of December 31, 2019
investmentperformance1219.jpg
_________________________
(1)
Past performance is no guarantee of future results. Outperformance is determined by comparing the annualized investment performance of each investment strategy to the performance of specified reference benchmarks. Investment performance in excess of the performance of the benchmark is considered outperformance. The investment performance calculation of each investment strategy is based on all active accounts and investment models pursuing similar investment objectives. For accounts, actual investment performance is measured gross of fees and net of withholding taxes. For investment models, for which actual investment performance does not exist, the investment performance of a composite of accounts pursuing comparable investment objectives is used as a proxy for actual investment performance. The performance of the specified reference benchmark for each account and investment model is measured net of withholding taxes, where applicable. This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers.
(2)
© 2020 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar calculates its ratings based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars and the bottom 10% receive one star. Past performance is no guarantee of future results. Based on independent rating by Morningstar, Inc. of investment performance of each Cohen & Steers-sponsored open-end U.S.-registered mutual fund for all share classes for the overall period at December 31, 2019. Overall Morningstar rating is a weighted average based on the 3-year, 5-year and 10-year Morningstar rating. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages. This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Cohen & Steers.
Changes in Assets Under Management - 2019 Compared with 2018
Assets under management at December 31, 2019 increased 24.8% to $72.2 billion from $57.9 billion at December 31, 2018. The increase was due to net inflows of $3.7 billion and market appreciation of $14.6 billion, partially offset by distributions of $4.0 billion. Net inflows included $2.7 million into preferred securities and $1.9 billion into U.S. real estate, partially offset by net outflows of $676 million from large cap value (which is included in “Other” in the table on pages 19-20). Market appreciation included $7.3 billion from U.S. real estate, $2.9 billion from global/international real estate, $2.4 billion from preferred securities and $1.5 billion from global listed infrastructure. Distributions included $2.9 billion from U.S. real estate and $597 million from preferred securities. Our overall organic growth rate was 6.5% for the year ended


21

December 31, 2019, compared with organic decay of 1.8% for the year ended December 31, 2018. The organic growth/decay rate represents the ratio of net flows for the year to the beginning assets under management of the respective period.
Average assets under management for the year ended December 31, 2019 increased 8.2% to $67.3 billion from $62.2 billion for the year ended December 31, 2018.
Institutional accounts
Assets under management in institutional accounts at December 31, 2019, which represented 44.1% of total assets under management, increased 17.2% to $31.8 billion from $27.1 billion at December 31, 2018. The increase was due to market appreciation of $6.9 billion, partially offset by net outflows of $915 million and distributions of $1.3 billion. Net outflows included $510 million from large cap value (which is included in “Other” in the table on pages 19-20) and $356 million from preferred securities, partially offset by net inflows of $231 million into U.S. real estate. Market appreciation included $3.0 billion from U.S. real estate and $2.4 million from global/international real estate. Distributions included $1.2 billion from U.S. real estate. Our organic decay rate for institutional accounts was 3.4% for the year ended December 31, 2019, compared with 2.4% for the year ended December 31, 2018.
Average assets under management for institutional accounts for the year ended December 31, 2019 increased 4.9% to $30.3 billion from $28.9 billion for the year ended December 31, 2018.
Assets under management in institutional advisory accounts at December 31, 2019, which represented 49.3% of institutional assets under management, increased 29.9% to $15.7 billion from $12.1 billion at December 31, 2018. The increase was due to net inflows of $567 million and market appreciation of $3.0 billion. Net inflows included $592 million into global/international real estate and $124 million into U.S. real estate, partially offset by net outflows of $92 million from large cap value (which is included in “Other” in the table on pages 19-20) and $69 million from global listed infrastructure. Market appreciation included $1.1 billion from global/international real estate, $803 million from U.S. real estate and $512 million from global listed infrastructure. Our organic growth rate for institutional advisory accounts was 4.7% for the year ended December 31, 2019, compared with 10.4% for the year ended December 31, 2018.
Average assets under management for institutional advisory accounts for the year ended December 31, 2019 increased 25.0% to $14.8 billion from $11.8 billion for the year ended December 31, 2018.
Assets under management in Japan subadvisory accounts at December 31, 2019, which represented 32.4% of institutional assets under management, increased 11.1% to $10.3 billion from $9.3 billion at December 31, 2018. The increase was due to market appreciation of $2.5 billion, partially offset by net outflows of $134 million and distributions of $1.3 billion. Net outflows included $180 million from preferred securities and $104 million from global/international real estate, partially offset by net inflows of $152 million into U.S. real estate. Market appreciation included $1.9 billion from U.S. real estate and $445 million from global/international real estate. Distributions included $1.2 billion from U.S. real estate. Our organic decay rate for Japan subadvisory accounts was 1.4% for the year ended December 31, 2019, compared with 8.7% for the year ended December 31, 2018.
Average assets under management for Japan subadvisory accounts for the year ended December 31, 2019 decreased 6.2% to $10.0 billion from $10.6 billion.
Assets under management in institutional subadvisory accounts excluding Japan at December 31, 2019, which represented 18.3% of institutional assets under management, were $5.8 billion at both December 31, 2019 and 2018 as net outflows were offset by by market appreciation. Our organic decay rate for institutional subadvisory accounts excluding Japan was 23.3% for the year ended December 31, 2019, compared with 11.8% for the year ended December 31, 2018.
Average assets under management for institutional subadvisory accounts excluding Japan for the year ended December 31, 2019 decreased 13.7% to $5.6 billion from $6.5 billion for the year ended December 31, 2018.
Open-end funds
Assets under management in open-end funds at December 31, 2019, which represented 42.6% of total assets under management, increased 37.8% to $30.7 billion from $22.3 billion at December 31, 2018. The increase was due to net inflows of $4.7 billion and market appreciation of $5.9 billion, partially offset by distributions of $2.2 billion. Net inflows included $3.0 billion into preferred securities and $1.7 billion into U.S. real estate. Market appreciation included $3.7 billion from U.S. real estate and $1.6 billion from preferred securities. Distributions included $1.5 billion from U.S. real estate and $478


22

million from preferred securities. Our organic growth rate for open-end funds was 21.3% for the year ended December 31, 2019, compared with organic decay rate of 1.8% for the year ended December 31, 2018.
Average assets under management for open-end funds for the year ended December 31, 2019 increased 13.7% to $27.6 billion from $24.3 billion for the year ended December 31, 2018.
Closed-end funds
Assets under management in closed-end funds at December 31, 2019, which represented 13.4% of total assets under management, increased 14.7% to $9.6 billion from $8.4 billion at December 31, 2018. The increase was due to market appreciation of $1.8 billion, partially offset by net outflows of $75 million related to decreases in certain funds' outstanding leverage and distributions of $514 million. Our organic decay rate for closed-end funds was 0.9% for the year ended December 31, 2019, compared with organic growth of 0.1% for the year ended December 31, 2018.
Average assets under management for closed-end funds for the year ended December 31, 2019 increased 4.1% to $9.4 billion from $9.0 billion for the year ended December 31, 2018.
Changes in Assets Under Management - 2018 Compared with 2017
Assets under management at December 31, 2018 decreased 11.7% to $57.9 billion from $65.5 billion at December 31, 2017. The decrease was due to net outflows of $1.2 billion, market depreciation of $2.9 billion and distributions of $3.6 billion. Net outflows included $670 million from U.S. real estate and $607 million from commodities (which is included in “Other” in the table on pages 19-20). Market depreciation included $1.2 billion from U.S. real estate, $803 million from preferred securities and $419 million from global listed infrastructure. Distributions included $2.6 billion from U.S. real estate and $560 million from preferred securities. Our overall organic decay rate was 1.8% for the year ended December 31, 2018, compared with organic growth of 6.4% for the year ended December 31, 2017. The organic growth/decay rate represents the ratio of net flows for the year to the beginning assets under management of the respective period.
Average assets under management for the year ended December 31, 2018 decreased 1.9% to $62.2 billion from $63.4 billion for the year ended December 31, 2017.
Institutional accounts
Assets under management in institutional accounts at December 31, 2018, which represented 46.9% of total assets under management, decreased 12.1% to $27.1 billion from $30.9 billion at December 31, 2017. The decrease was due to net outflows of $744 million, market depreciation of $1.1 billion and distributions of $2.0 billion. Net outflows included $944 million from U.S. real estate and $546 million from commodities (which is included in “Other” in the table on pages 19-20), partially offset by net inflows of $550 million into preferred securities and $202 million into global/international real estate. Market depreciation included $372 million from U.S. real estate, $202 million from global listed infrastructure, $196 million from preferred securities and $171 million from global/international real estate. Distributions included $1.8 billion from U.S. real estate. Our organic decay rate for institutional accounts was 2.4% for the year ended December 31, 2018, compared with organic growth of 2.3% for the year ended December 31, 2017.
Average assets under management for institutional accounts for the year ended December 31, 2018 decreased 5.8% to $28.9 billion from $30.7 billion for the year ended December 31, 2017.
Assets under management in institutional advisory accounts at December 31, 2018, which represented 44.4% of institutional assets under management, increased 6.4% to $12.1 billion from $11.3 billion at December 31, 2017. The increase was due to net inflows of $1.2 billion, partially offset by market depreciation of $484 million. Net inflows included $631 million into preferred securities and $209 million into global/international real estate. Market depreciation included $119 million from U.S. real estate, $104 million from global listed infrastructure and $89 million from real assets multi-strategy (which is included in “Other” in the table on pages 19-20). Our organic growth rate for institutional advisory accounts was 10.4% for the year ended December 31, 2018, compared with 10.5% for the year ended December 31, 2017.
Average assets under management for institutional advisory accounts for the year ended December 31, 2018 increased 14.8% to $11.8 billion from $10.3 billion for the year ended December 31, 2017.
Assets under management in Japan subadvisory accounts at December 31, 2018, which represented 34.2% of institutional assets under management, decreased 26.7% to $9.3 billion from $12.7 billion at December 31, 2017. The decrease was due to net outflows of $1.1 billion, market depreciation of $316 million and distributions of $2.0 billion. Net


23

outflows included $966 million from U.S. real estate. Market depreciation included $224 million from U.S. real estate and $59 million from global/international real estate. Distributions included $1.8 billion from U.S. real estate. Our organic decay rate for Japan subadvisory accounts was 8.7% for the year ended December 31, 2018, compared with 0.9% for the year ended December 31, 2017.
Average assets under management for Japan subadvisory accounts for the year ended December 31, 2018 decreased 24.0% to $10.6 billion from $14.0 billion for the year ended December 31, 2017.
Assets under management in institutional subadvisory accounts excluding Japan at December 31, 2018, which represented 21.3% of institutional assets under management, decreased 15.8% to $5.8 billion from $6.9 billion at December 31, 2017. The decrease was due to net outflows of $814 million and market depreciation of $274 million. Net outflows included $546 million from commodities (which is included in “Other” in the table on pages 19-20) and $145 million from U.S. real estate. Market depreciation included $97 million from global listed infrastructure, $95 million from preferred securities and $29 million from U.S. real estate. Our organic decay rate for institutional subadvisory excluding Japan was 11.8% for the year ended December 31, 2018, compared with 2.1% for the year ended December 31, 2017.
Average assets under management for institutional subadvisory accounts excluding Japan for the year ended December 31, 2018 increased 0.7% to $6.5 billion from $6.4 billion for the year ended December 31, 2017.
Open-end funds
Assets under management in open-end funds at December 31, 2018, which represented 38.5% of total assets under management, decreased 11.5% to $22.3 billion from $25.2 billion at December 31, 2017. The decrease was due to net outflows of $448 million, market depreciation of $1.3 billion and distributions of $1.1 billion. Net outflows included $771 million from preferred securities, partially offset by net inflows of $276 million into U.S. real estate and $118 million into global listed infrastructure. Market depreciation included $635 million from U.S. real estate and $493 million from preferred securities. Distributions included $566 million from U.S. real estate and $439 million from preferred securities. Our organic decay rate for open-end funds was 1.8% for the year ended December 31, 2018, compared with organic growth of 14.9% for the year ended December 31, 2017.
Average assets under management for open-end funds for the year ended December 31, 2018 increased 3.9% to $24.3 billion from $23.4 billion for the year ended December 31, 2017.
Closed-end funds
Assets under management in closed-end funds at December 31, 2018, which represented 14.5% of total assets under management, decreased 10.6% to $8.4 billion from $9.4 billion at December 31, 2017. The decrease was due to market depreciation of $496 million and distributions of $512 million. Our organic growth rate for closed-end funds was 0.1% for the year ended December 31, 2018, compared with 0.0% for the year ended December 31, 2017.
Average assets under management for closed-end funds for the year ended December 31, 2018 decreased 3.5% to $9.0 billion from $9.3 billion for the year ended December 31, 2017.


















24

Summary of Operating Information
 
Years Ended December 31,
(in thousands, except percentages and per share data)
2019
 
2018
 
2017
U.S. GAAP
 
 
 
 
 
Revenue (1)
$
410,830

 
$
381,111

 
$
378,696

Expenses (1)
$
250,696

 
$
234,073

 
$
223,950

Operating income (loss)
$
160,134

 
$
147,038

 
$
154,746

Non-operating income (loss)
$
27,415

 
$
(3,259
)
 
$
5,654

Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

Diluted earnings per share
$
2.79

 
$
2.40

 
$
1.96

Operating margin (1)
39.0
%
 
38.6
%
 
40.9
%
 
 
 
 
 
 
As Adjusted (2)


 


 
 
Net income attributable to common stockholders
$
124,360

 
$
113,849

 
$
97,037

Diluted earnings per share
$
2.57

 
$
2.40

 
$
2.07

Operating margin (1)
39.6
%
 
39.1
%
 
40.9
%
_________________________
(1)
The presentation for the year ended December 31, 2017 has been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018.
(2)
The “As Adjusted” amounts represent non-GAAP financial measures. Refer to pages 31-32 for reconciliations to the most directly comparable U.S. GAAP financial measures.
U.S. GAAP
2019 Compared with 2018
Revenue (1) 
 
Years Ended December 31,
 
 
 
 
(in thousands)
2019
 
2018
 
$ Change
 
% Change
Institutional accounts
$
110,346

 
$
104,327

 
$
6,019

 
5.8
%
Open-end funds
187,730

 
168,273

 
19,457

 
11.6
%
Closed-end funds
80,502

 
77,270

 
3,232

 
4.2
%
Investment advisory and administration fees
378,578

 
349,870

 
28,708

 
8.2
%
Distribution and service fees
30,048

 
29,090

 
958

 
3.3
%
Other
2,204

 
2,151

 
53

 
2.5
%
Total revenue
$
410,830

 
$
381,111

 
$
29,719

 
7.8
%
_________________________
(1)
Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to investment advisory and administration fees.
Revenue for the year ended December 31, 2019 increased 7.8% primarily attributable to higher average assets under management in all three investment vehicles. For the year ended December 31, 2019:
•
Total investment advisory revenue compared with average assets under management in institutional accounts implied an annual effective fee rate of 36.4 bps and 36.1 bps for the years ended December 31, 2019 and 2018, respectively.
•
Total investment advisory and administration revenue compared with average assets under management in open-end funds implied an annual effective fee rate of 68.0 bps and 69.3 bps for the years ended December 31, 2019 and 2018, respectively. The decrease in the annual effective fee rate is primarily due to a reduction of the investment advisory fee rate and higher fund reimbursements related to the imposition of a cap effective July 1, 2019 by Cohen & Steers Realty Shares, Inc.
•
Total investment advisory and administration revenue compared with average assets under management in closed-end funds implied an annual effective fee rate of 85.8 bps and 85.7 bps for the years ended December 31, 2019 and 2018, respectively.


25

Expenses
 
Years Ended December 31,
 
 
 
 
(in thousands)
2019
 
2018
 
$ Change
 
% Change
Employee compensation and benefits
$
143,431

 
$
131,292

 
$
12,139

 
9.2
 %
Distribution and service fees
55,237

 
50,043

 
5,194

 
10.4
 %
General and administrative
47,632

 
48,265

 
(633
)
 
(1.3
)%
Depreciation and amortization
4,396

 
4,473

 
(77
)
 
(1.7
)%
Total expenses
$
250,696

 
$
234,073

 
$
16,623

 
7.1
 %
Employee compensation and benefits for the year ended December 31, 2019 increased primarily due to higher incentive compensation of $4.8 million, higher amortization of restricted stock units of $3.5 million and higher salaries of $2.0 million.
Distribution and service fees expense for the year ended December 31, 2019 increased primarily due to higher average assets under management in U.S. open-end funds of approximately $3.8 million and an increase in sub-transfer agent fees on certain assets by one of the Company's intermediaries of approximately $2.3 million, partially offset by the impact of redemptions from a higher cost intermediary of approximately $1.0 million.
General and administrative expenses for the year ended December 31, 2019 decreased primarily due to expenses of approximately $871,000 associated with the evaluation of a potential business transaction that the Company did not pursue that were included in the year ended December 31, 2018, partially offset by costs associated with the Cohen & Steers Quality Income Realty Fund, Inc. rights offering of approximately $346,000 as well as higher professional fees of approximately $100,000 for the year ended December 31, 2019.
Operating Margin
Operating margin for the year ended December 31, 2019 increased to 39.0% from 38.6% for the year ended December 31, 2018. Operating margin represents the ratio of operating income to operating revenue.
Non-operating Income (Loss)
 
Years Ended December 31,
 
2019
 
2018
(in thousands)
Seed Investments
 
Other
 
Total
 
Seed Investments
 
Other
 
Total
Interest and dividend income—net
$
3,052

 
$
3,664

 
$
6,716

 
$
6,754

 
$
3,672

 
$
10,426

Gain (loss) from investments—net
21,673

 
—

 
21,673

 
(14,264
)
 
—

 
(14,264
)
Foreign currency gains (losses)—net
381

 
(1,355
)
 
(974
)
 
(1,702
)
 
2,281

 
579

Total non-operating income (loss)
$
25,106

(1) 
$
2,309

 
$
27,415

 
$
(9,212
)
(1) 
$
5,953

 
$
(3,259
)
_________________________
(1)
Amounts included income of $12.4 million and loss of $4.4 million attributable to third-party interests for the years ended December 31, 2019 and 2018, respectively.
For the year ended December 31, 2019, the Company's share of non-operating income from seed investments was $12.7 million, approximating a return of 19.0%. For the year ended December 31, 2018, the Company's share of non-operating loss from seed investments was $4.8 million, approximating a return of (6.9)%.
Income Taxes
 
Years Ended December 31,
 
 
 
 
(in thousands, except percentages)
2019
 
2018
 
$ Change
 
% Change
Income tax expense
$
40,565

 
$
34,257

 
$
6,308

 
18.4
%
Effective tax rate
23.2
%
 
23.1
%
 
 
 
 
The effective tax rate for the year ended December 31, 2019 differed from the U.S. federal statutory rate of 21.0% primarily due to state, local and foreign taxes, partially offset by the reversal of certain liabilities associated with unrecognized tax benefits, the release of a portion of the valuation allowance associated with unrealized gains on the Company's seed investments and the effects related to the delivery of restricted stock units. The effective tax rate for the year


26

ended December 31, 2018 differed from the U.S. federal statutory rate of 21.0% primarily due to state, local and foreign taxes, partially offset by the reversal of certain liabilities associated with unrecognized tax benefits, tax effects related to the delivery of restricted stock units and an adjustment to the Company's transition tax liability in connection with the Tax Cuts and Jobs Act (the Tax Act).
2018 Compared with 2017
Revenue (1) 
 
Years Ended December 31,
 
 
 
 
(in thousands)
2018
 
2017
 
$ Change
 
% Change
Institutional accounts
$
104,327

 
$
103,629

 
$
698

 
0.7
 %
Open-end funds
168,273

 
162,601

 
5,672

 
3.5
 %
Closed-end funds
77,270

 
78,670

 
(1,400
)
 
(1.8
)%
Investment advisory and administration fees
349,870

 
344,900

 
4,970

 
1.4
 %
Distribution and service fees
29,090

 
30,747

 
(1,657
)
 
(5.4
)%
Other
2,151

 
3,049

 
(898
)
 
(29.5
)%
Total revenue
$
381,111

 
$
378,696

 
$
2,415

 
0.6
 %
_________________________
(1)
Amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to investment advisory and administration fees.
Revenue for the year ended December 31, 2018 increased 0.6% primarily due to a favorable change in the fee mix. For the year ended December 31, 2018:
•
Total investment advisory revenue compared with average assets under management in institutional accounts implied an annual effective fee rate of 36.1 bps and 33.8 bps for the years ended December 31, 2018 and 2017, respectively. The increase in the annual effective fee rate reflected net outflows from lower fee paying accounts.
•
Total investment advisory and administration revenue compared with average assets under management in open-end funds implied an annual effective fee rate of 69.3 bps and 69.6 bps for the years ended December 31, 2018 and 2017, respectively.
•
Total investment advisory and administration revenue compared with average assets under management in closed-end funds implied an annual effective fee rate of 85.7 bps and 84.2 bps for the years ended December 31, 2018 and 2017, respectively. The net increase in the annual effective fee rate reflected the full-year effect of the realignment of administration fee rates across our mutual fund complex, which was approved by the mutual fund Board of Directors in June 2017 and became effective on October 1, 2017.
Expenses
 
Years Ended December 31,
 
 
 
 
(in thousands)
2018
 
2017
 
$ Change
 
% Change
Employee compensation and benefits
$
131,292

 
$
124,076

 
$
7,216

 
5.8
 %
Distribution and service fees
50,043

 
53,338

 
(3,295
)
 
(6.2
)%
General and administrative
48,265

 
42,219

 
6,046

 
14.3
 %
Depreciation and amortization
4,473

 
4,317

 
156

 
3.6
 %
Total expenses
$
234,073

 
$
223,950

 
$
10,123

 
4.5
 %
Employee compensation and benefits for the year ended December 31, 2018 increased primarily due to higher salaries of $3.3 million, higher amortization of restricted stock units of $2.1 million and incentive compensation of $1.9 million, partially offset by lower production compensation of $1.1 million.
Distribution and service fees expense for the year ended December 31, 2018 decreased primarily due to a continued shift in the composition of assets under management into lower cost share classes.
General and administrative expenses for the year ended December 31, 2018 increased primarily due to higher research and market data expenses of approximately $1.2 million, higher recruiting fees of approximately $791,000, and expenses of


27

approximately $511,000 associated with the evaluation of a potential business transaction that we did not pursue. In addition, the year ended December 31, 2017 included refunds of foreign withholding taxes related to prior years of approximately $1.3 million.
Operating Margin
Operating margin for the year ended December 31, 2018 decreased to 38.6% from 40.9% for the year ended December 31, 2017. Operating margin represents the ratio of operating income to operating revenue.
Non-operating Income (Loss)
 
Years Ended December 31,
 
2018
 
2017
(in thousands)
Seed Investments
 
Other
 
Total
 
Seed Investments
 
Other
 
Total
Interest and dividend income—net
$
6,754

 
$
3,672

 
$
10,426

 
$
2,903

 
$
1,430

 
$
4,333

Gain (loss) from investments—net
(14,264
)
 
—

 
(14,264
)
 
2,020

 
—

 
2,020

Foreign currency gains (losses)—net
(1,702
)
 
2,281

 
579

 
(516
)
 
(183
)
 
(699
)
Total non-operating income (loss)
$
(9,212
)
(1) 
$
5,953

 
$
(3,259
)
 
$
4,407

(1) 
$
1,247

 
$
5,654

_________________________
(1)
Amounts included loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2018 and 2017, respectively.
For the year ended December 31, 2018, the Company's share of non-operating loss from seed investments was $4.8 million, approximating a return of (6.9)%. For the year ended December 31, 2017, the Company's share of non-operating income from seed investments was $3.9 million, approximating a return of 6.1%.
Income Taxes
 
Years Ended December 31,
 
 
 
 
(in thousands, except percentages)
2018
 
2017
 
$ Change
 
% Change
Income tax expense
$
34,257

 
$
67,914

 
$
(33,657
)
 
(49.6
)%
Effective tax rate
23.1
%
 
42.5
%
 
 
 
 
The effective tax rate for the year ended December 31, 2018 differed from the U.S. federal statutory rate of 21.0% primarily due to state, local and foreign taxes, partially offset by the reversal of certain liabilities associated with unrecognized tax benefits and the tax effects related to the delivery of restricted stock units. The effective tax rate for the year ended December 31, 2017 differed from the U.S. federal statutory rate of 35.0% primarily due to tax charges of approximately $8.4 million, associated with the enactment of the Tax Act on December 22, 2017 and remeasurement of deferred and other tax balances aggregating to $4.3 million, partially offset by the reversal of certain liabilities associated with unrecognized tax benefits.










28

As Adjusted
The term “As Adjusted” is used to identify non-GAAP financial information in the discussion below. Refer to pages 31-32 for reconciliations to the most directly comparable U.S. GAAP financial measures.
2019 Compared with 2018
Revenue
Revenue, as adjusted, for the year ended December 31, 2019 was $410.4 million, compared with $380.4 million for the year ended December 31, 2018.
Revenue, as adjusted, excluded the impact of consolidation of certain of our seed investments for both years.
Expenses
Expenses, as adjusted, for the year ended December 31, 2019 were $247.7 million, compared with $231.8 million for the year ended December 31, 2018.
Expenses, as adjusted, excluded the following:
•
The impact of consolidation of certain of our seed investments for both years;
•
Amounts related to the accelerated vesting of certain restricted stock units for the year ended December 31, 2019;
•
Costs associated with the Cohen & Steers Quality Income Reality Fund, Inc. rights offering for the year ended December 31, 2019; and
•
Expenses incurred associated with the evaluation of a potential business transaction that we did not pursue for the year ended December 31, 2018.
Operating Margin
Operating margin, as adjusted, for the year ended December 31, 2019 was 39.6%, compared with 39.1% for the year ended December 31, 2018.
Non-operating Income
Non-operating income, as adjusted, for the year ended December 31, 2019 was $4.2 million, compared with $3.7 million for the year ended December 31, 2018.
Non-operating income, as adjusted, excluded the following for both years:
•
Results from our seed investments; and
•
Net foreign currency exchange gains and losses associated with U.S. dollar-denominated assets held by certain foreign subsidiaries.
Income Taxes
The effective tax rate, as adjusted, for the year ended December 31, 2019 was 25.5%, compared with 25.3% for the year ended December 31, 2018.
The effective tax rate, as adjusted, excluded the following:
•
Tax effects associated with non-GAAP adjustments as well as discrete items for both years;
•
The reversal of certain liabilities associated with unrecognized tax benefits for both years; and
•
Tax effects related to the Tax Act for the year ended December 31, 2018.


29

2018 Compared with 2017
Revenue
Revenue, as adjusted, for the year ended December 31, 2018 was $380.4 million, compared with $378.3 million for the year ended December 31, 2017.
Revenue, as adjusted, excluded the impact of consolidation of certain of our seed investments for both years.
Expenses
Expenses, as adjusted, for the year ended December 31, 2018 were $231.8 million, compared with $223.7 million for the year ended December 31, 2017.
Expenses, as adjusted, excluded the following:
•
The impact of consolidation of certain of our seed investments for both years;
•
Expenses incurred associated with the evaluation of a potential business transaction that we did not pursue for the year ended December 31, 2018;
•
Amounts related to the accelerated vesting of certain restricted stock units due to a retirement for the year ended December 31, 2017; and
•
Refunds of foreign withholding taxes recorded for the year ended December 31, 2017.
Operating Margin
Operating margin, as adjusted, for the year ended December 31, 2018 was 39.1%, compared with 40.9% for the year ended December 31, 2017.
Non-operating Income
Non-operating income, as adjusted, for the year ended December 31, 2018 was $3.7 million, compared with $1.2 million for the year ended December 31, 2017. Non-operating income, as adjusted, excluded the following:
•
The impact of consolidation of certain of our seed investments for both years; and
•
Net foreign currency exchange gains associated with U.S. dollar-denominated assets and liabilities held by certain foreign subsidiaries for the year ended December 31, 2018.
Income Taxes
The effective tax rate, as adjusted, for the year ended December 31, 2018 was 25.3%, compared with 37.8% for the year ended December 31, 2017. The effective tax rate, as adjusted, excluded the following for both years:
•
Tax effects related to the Tax Act;
•
The reversal of certain liabilities associated with unrecognized tax benefits; and
•
Tax effects associated with non-GAAP adjustments as well as discrete items.





30

Non-GAAP Reconciliations
Management believes that use of these non-GAAP financial measures enhances the evaluation of our results, as they provide greater transparency into our operating performance. In addition, these non-GAAP financial measures are used to prepare our internal management reports and are used by management in evaluating our business.
While we believe that this non-GAAP financial information is useful in evaluating our results and operating performance, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP.
Reconciliation of U.S. GAAP Net Income Attributable to Common Stockholders and U.S. GAAP Earnings per Share to Net Income Attributable to Common Stockholders, As Adjusted, and Earnings per Share, As Adjusted
 
Years Ended December 31,
(in thousands, except per share data)
2019
 
2018
 
2017
Net income attributable to common stockholders, U.S. GAAP
$
134,621

 
$
113,896

 
$
91,939

Seed investments (1)
(11,858
)
 
5,552

 
(3,474
)
Accelerated vesting of restricted stock units
1,344

 
—

 
522

General and administrative (2)
346

 
871

 
(1,018
)
Foreign currency exchange (gains) losses—net (3)
1,909

 
(2,270
)
 
—

Tax adjustments (4)
(2,002
)
 
(4,200
)
 
9,068

Net income attributable to common stockholders, as adjusted
$
124,360

 
$
113,849

 
$
97,037

 
 
 
 
 
 
Diluted weighted average shares outstanding
48,297

 
47,381

 
46,979

Diluted earnings per share, U.S. GAAP
$
2.79

 
$
2.40

 
$
1.96

Seed investments (1)
(0.25
)
 
0.12

 
(0.07
)
Accelerated vesting of restricted stock units
0.02

 
—

 
0.01

General and administrative (2)
0.01

 
0.02

 
(0.02
)
Foreign currency exchange (gains) losses—net (3)
0.04

 
(0.05
)
 
—

Tax adjustments
(0.04
)
 
(0.09
)
 
0.19

Diluted earnings per share, as adjusted
$
2.57

 
$
2.40

 
$
2.07

_________________________
(1)
Represents amounts related to the deconsolidation of seed investments in Company-sponsored funds as well as non-operating (income) loss from seed investments that were not consolidated.
(2)
Represents costs associated with the Cohen & Steers Quality Income Realty Fund, Inc. rights offering in 2019, expenses associated with the evaluation of a potential business transaction that the Company did not pursue in 2018 and refunds of foreign withholding taxes in 2017.
(3)
Represents net foreign currency exchange (gains) losses associated with U.S. dollar-denominated assets held by certain foreign subsidiaries. U.S. GAAP amounts for the year ended December 31, 2017 have not been recast to conform with the current period presentation as the impact to results was not material.
(4)
Tax adjustments are summarized in the following table:
(in thousands)
Years Ended December 31,
 
2019
 
2018
 
2017
Transition tax liability in connection with the Tax Act
$
—

 
$
(123
)
 
$
8,432

Remeasurement of deferred and other tax balances
—

 
—

 
4,300

Reversal of certain liabilities associated with unrecognized tax benefits
(1,832
)
 
(2,758
)
 
(3,772
)
Delivery of restricted stock units
(203
)
 
(947
)
 
49

Tax-effect of non-GAAP adjustments
38

 
217

 
888

Other tax-related items
(5
)
 
(589
)

(829
)
Total tax adjustments
$
(2,002
)
 
$
(4,200
)
 
$
9,068



31

Reconciliation of U.S. GAAP Operating Income and U.S. GAAP Operating Margin to Operating Income, As Adjusted and Operating Margin, As Adjusted
 
Years Ended December 31,
(in thousands, except percentages)
2019
 
2018
 
2017
Revenue, U.S. GAAP (1)
$
410,830

 
$
381,111

 
$
378,696

Seed investments (2)
(438
)
 
(694
)
 
(403
)
Revenue, as adjusted
$
410,392

 
$
380,417

 
$
378,293

 
 
 
 
 
 
Expenses, U.S. GAAP (1)
$
250,696

 
$
234,073

 
$
223,950

Seed investments (2)
(1,323
)
 
(1,408
)
 
(789
)
Accelerated vesting of restricted stock units
(1,344
)
 
—

 
(522
)
General and administrative (3)
(346
)
 
(871
)
 
1,018

Expenses, as adjusted
$
247,683

 
$
231,794

 
$
223,657

 
 
 
 
 
 
Operating income, U.S. GAAP
$
160,134

 
$
147,038

 
$
154,746

Seed investments (2)
885

 
714

 
386

Accelerated vesting of restricted stock units
1,344

 
—

 
522

General and administrative (3)
346

 
871

 
(1,018
)
Operating income, as adjusted
$
162,709

 
$
148,623

 
$
154,636

 
 
 
 
 
 
Operating margin, U.S. GAAP (1)
39.0
%
 
38.6
%
 
40.9
%
Operating margin, as adjusted
39.6
%
 
39.1
%
 
40.9
%
_________________________
(1)
The presentation for the year ended December 31, 2017 has been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018.
(2)
Represents amounts related to the deconsolidation of seed investments in Company-sponsored funds.
(3)
Represents costs associated with the Cohen & Steers Quality Income Realty Fund, Inc. rights offering in 2019, expenses associated with the evaluation of a potential business transaction that the Company did not pursue in 2018 and refunds of foreign withholding taxes in 2017.

Reconciliation of U.S. GAAP Non-operating Income (Loss) to Non-operating Income (Loss), As Adjusted
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Non-operating income (loss), U.S. GAAP
$
27,415

 
$
(3,259
)
 
$
5,654

Seed investments (1)
(25,106
)
 
9,212

 
(4,407
)
Foreign currency exchange (gains) losses—net (2)
1,909

 
(2,270
)
 
—

Non-operating income (loss), as adjusted
$
4,218

 
$
3,683

 
$
1,247

_________________________
(1)
Represents amounts related to the deconsolidation of seed investments in Company-sponsored funds as well as non-operating (income) loss from seed investments that were not consolidated.
(2)
Represents net foreign currency exchange (gains) losses associated with U.S. dollar-denominated assets held by certain foreign subsidiaries. U.S. GAAP amounts for the year ended December 31, 2017 have not been recast to conform with the current period presentation as the impact to results was not material.





32

Changes in Financial Condition, Liquidity and Capital Resources
Our principal objectives are to maintain a capital structure that supports our business strategies and to maintain the appropriate amount of liquidity at all times. Furthermore, we believe that our cash flows generated from operations are more than adequate to fund our present and reasonably foreseeable future commitments for investing and financing activities.
Net Liquid Assets
Our current financial condition is highly liquid, primarily comprising cash and cash equivalents, U.S. Treasury securities, seed investments and current assets. Liquid assets are reduced by current liabilities which are generally defined as obligations due within one year (together, net liquid assets). The Company does not currently have any debt outstanding.
The table below summarizes net liquid assets:
(in thousands)
December 31,
2019
 
December 31,
2018
Cash and cash equivalents
$
101,352

 
$
92,733

U.S. Treasury securities
49,807

 
49,748

Seed investments
53,130

 
70,757

Current assets
59,927

 
52,628

Current liabilities
(85,274
)
 
(78,461
)
Net liquid assets
$
178,942

 
$
187,405

Cash and cash equivalents
Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less. Cash and cash equivalents reflected special cash dividends of $2.00 per share, or $94.5 million, and $2.50 per share, or $117 million, paid on December 3, 2019 and 2018, respectively.
U.S. Treasury securities
U.S. Treasury securities are directly issued by the U.S. government and classified as held to maturity, with original maturities ranging from 12 to 24 months.
Seed investments
Seed investments are primarily comprised of Company-sponsored funds that we do not consolidate, securities held within the funds that we do consolidate, and securities held for the purpose of establishing performance track records. Seed investments are comprised of listed securities which approximate fair value, are generally traded in active markets and can typically be liquidated within a normal settlement cycle. Seed investments are presented net of redeemable noncontrolling interests.
Current assets
Current assets primarily represent investment advisory and administration fees receivable. At December 31, 2019, institutional accounts comprised 50.1% of total accounts receivable, while open-end and closed-end funds, together, comprised 46.8% of total accounts receivable. We perform a review of our receivables on an ongoing basis in order to assess collectibility and, based on our analysis at December 31, 2019, there was no allowance for uncollectible accounts required.
Current liabilities
Current liabilities are generally defined as obligations due within one year, which include accrued compensation, distribution and service fees payable, certain income taxes payable, and other liabilities and accrued expenses.
Cash flows
Our cash flows generally result from the operating activities of our business, with investment advisory and administration fees being the most significant contributor.


33

The table below summarizes cash flows:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Cash Flow Data:
 
 
 
 
 
Net cash provided by (used in) operating activities
$
141,445

 
$
72,598

 
$
64,253

Net cash provided by (used in) investing activities
35,949

 
(53,194
)
 
5,709

Net cash provided by (used in) financing activities
(170,130
)
 
(118,110
)
 
(60,423
)
Net increase (decrease) in cash and cash equivalents
7,264

 
(98,706
)
 
9,539

Effect of foreign exchange rate changes on cash and cash equivalents
1,355

 
(2,013
)
 
679

Cash and cash equivalents, beginning of the period
92,733

 
193,452

 
183,234

Cash and cash equivalents, end of the period
$
101,352

 
$
92,733

 
$
193,452

We expect that cash flows provided by operating activities will continue to serve as our principal source of working capital in the near future.
In 2019, cash and cash equivalents increased by $7.3 million, excluding the effect of foreign exchange rate changes. Net cash provided by operating activities was $141.4 million. Cash flows from operating activities primarily consisted of net income adjusted for certain non-cash items and changes in assets and liabilities. Net cash provided by investing activities was $35.9 million, which included $89.6 million of proceeds from the sales and maturities of investments, partially offset by $50.9 million of investment purchases. Sales and maturities of investments included maturities of U.S. Treasury securities of $33.3 million and sales of Company-sponsored funds of $37.3 million. Purchases of investments included purchases of U.S. Treasury securities of $32.9 million. Net cash used in financing activities was $170.1 million, including dividends paid to stockholders of $162.7 million, which included a special dividend of $94.5 million paid on December 3, 2019, repurchases of common stock to satisfy employee withholding tax obligations on the vesting and delivery of restricted stock units of $10.4 million, as well as distributions to redeemable noncontrolling interests of $43.5 million, partially offset by contributions from redeemable noncontrolling interests of $45.7 million.
In 2018, cash and cash equivalents decreased by $98.7 million, excluding the effect of foreign exchange rate changes. Net cash provided by operating activities was $72.6 million. Cash flows from operating activities primarily consisted of net income adjusted for certain non-cash items and changes in assets and liabilities. Net cash used in investing activities was $53.2 million, which included $63.6 million of investment purchases, including the seeding of five new track record accounts and investment of $49.5 million into U.S. Treasury securities, partially offset by $13.8 million of proceeds from the sale of investments. Net cash used in financing activities was $118.1 million, including dividends paid to stockholders of $178.9 million, which included a special dividend of $116.9 million paid on December 3, 2018, repurchases of common stock to satisfy employee withholding tax obligations on the vesting and delivery of restricted stock units of $10.6 million, as well as distributions to redeemable noncontrolling interests of $10.9 million, partially offset by contributions from redeemable noncontrolling interests of $81.6 million.
In 2017, cash and cash equivalents increased by $9.5 million, excluding the effect of foreign exchange rate changes. Net cash provided by operating activities was $64.3 million. Cash flows from operating activities primarily consisted of net income adjusted for certain non-cash items and changes in assets and liabilities. Net cash provided by investing activities was comprised of proceeds from sales of available-for-sale investments of $25.8 million, partially offset by purchases of available-for-sale investments of $16.9 million, including a seed investment of $10.0 million in a track record account for a new real assets multi-strategy portfolio and purchases of property and equipment of $3.2 million. Net cash used in financing activities was $60.4 million, including dividends paid to stockholders of $98.3 million, which included a special dividend of $46.3 million paid on December 13, 2017 and repurchases of common stock to satisfy employee withholding tax obligations on the vesting and delivery of restricted stock units of $9.1 million, partially offset by contributions from redeemable noncontrolling interest of $46.7 million.
Net Capital Requirements
We continually monitor and evaluate the adequacy of our capital. We have consistently maintained net capital in excess of the regulatory requirements for CSS, our registered broker-dealer, as prescribed by the Securities and Exchange Commission (SEC). At December 31, 2019, we exceeded our minimum regulatory capital requirement by approximately $3.3 million. The SEC’s Uniform Net Capital Rule 15c3-1 imposes certain requirements that may have the effect of prohibiting a


34

broker-dealer from distributing or withdrawing capital and requiring prior notice to the SEC for certain withdrawals of capital. During 2019, the Company made a capital contribution of $3.0 million to CSS.
CSAL is subject to regulation by the Hong Kong Securities and Futures Commission. At December 31, 2019, CSAL exceeded its minimum regulatory capital requirement by approximately $10.0 million. During 2019, CSAL paid dividends totalling $32.5 million to its parent, Cohen & Steers Capital Management, Inc.
CSUK is subject to regulation by the United Kingdom Financial Conduct Authority. At December 31, 2019, CSUK exceeded its minimum regulatory capital requirement by approximately $32.5 million.
CSJL is registered with the Financial Services Agency of Japan and the Kanto Local Finance Bureau and is subject to the Financial Instruments and Exchange Act. In accordance with its license, CSJL is required to maintain regulatory capital, as defined, of approximately $460,000. At December 31, 2019, CSJL had stated capital in excess of this requirement.
CSIL is an Irish registered company. We have applied for a license to conduct regulated business in Ireland.
We believe that our cash and cash equivalents and cash flows from operations will be more than adequate to meet our anticipated capital requirements and other obligations as they become due.
Dividends
Subject to the approval of our Board of Directors, we anticipate paying dividends. When determining whether to pay a dividend, we take into account general economic and business conditions, our strategic plans, our results of operations and financial condition, contractual, legal and regulatory restrictions on the payment of dividends, if any, by us and our subsidiaries and such other factors deemed relevant.
On February 20, 2020, the Company declared a quarterly dividend on its common stock in the amount of $0.39 per share. This dividend will be payable on March 12, 2020 to stockholders of record at the close of business on March 2, 2020.
Investment Commitments
We have committed to co-invest up to $5.1 million alongside Cohen & Steers Global Realty Partners III-TE, L.P. (GRP-TE). At December 31, 2019, we have funded approximately $3.8 million of this commitment. Our co-investment alongside GRP-TE is illiquid and is anticipated to be invested for the life of the fund. The timing of the funding of the unfunded portion of our commitment is currently unknown, as the drawdown of our commitment is contingent on the timing of drawdowns by the underlying funds in which GRP-TE invests. The unfunded portion of this commitment was not recorded on our consolidated statements of financial condition at December 31, 2019.
Contractual Obligations and Contingencies
The following table summarizes our contractual obligations at December 31, 2019:
(in thousands)
2020
 
2021
 
2022
 
2023
 
2024
 
2025
and after
 
Total
Operating leases
$
11,995

 
$
11,245

 
$
10,882

 
$
10,855

 
$
963

 
$
—

 
$
45,940

Purchase obligations
3,142

 
1,845

 
915

 
668

 
668

 
1,000

 
8,238

Other liability
192

 
665

 
665

 
1,246

 
1,662

 
2,077

 
6,507

Total
$
15,329

 
$
13,755

 
$
12,462

 
$
12,769

 
$
3,293

 
$
3,077

 
$
60,685

Operating Leases
Operating leases generally consist of noncancelable long-term leases for office space and certain information technology equipment.
Purchase Obligations
Purchase obligations represent executory contracts, which are either noncancelable or cancelable with a penalty. The Company’s obligations primarily reflected standard service contracts for market data.


35

Other Liability
Other liability consists of the transition tax liability based on the cumulative undistributed earnings and profits of our foreign subsidiaries in connection with the enactment of the Tax Act. This tax liability, which is payable over eight years on an interest-free basis, is included as part of income tax payable on our consolidated statement of financial condition at December 31, 2019.
Contingencies
Due to the uncertainty with respect the timing of future cash flows associated with unrecognized tax benefits at December 31, 2019, the Company is unable to make reasonably reliable estimates of the period of cash settlement with the respective taxing authorities. Therefore, $12.9 million of gross unrecognized tax benefits have been excluded from the contractual obligations table above. See Note 14 to the consolidated financial statements for additional disclosures related to income taxes.
Off-Balance Sheet Arrangements
We do not invest in any off-balance sheet vehicles that provide liquidity, capital resources, market or credit risk support,
or engage in any leasing activities that expose us to any liability that is not reflected in our consolidated financial statements.
Critical Accounting Policies and Estimates
A thorough understanding of our accounting policies is essential when reviewing our reported results of operations and our financial condition. The preparation of our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires us to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.
Our significant accounting policies are disclosed in Note 2 to the consolidated financial statements and should be read in conjunction with the summarized information below. Management considers the following accounting policies critical to an informed review of our consolidated financial statements as they require management to make certain judgments about matters that may be uncertain at the time the policies were applied or the estimates determined.
Consolidation of Company-sponsored Funds
The Company evaluates its investments in Company-sponsored funds at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the variable interest entity (VIE) model or the voting interest entity (VOE) model. This evaluation involves the use of judgment and analysis on an entity by entity basis. In performing this analysis, we consider the legal structure of the entity, management fees earned by the Company and the nature of the ownership interest and rights of interest holders in the entity, including the Company. If we determine that the entity is a VIE, we must then assess whether the Company absorbs a majority of the VIEs expected variability in which case it is deemed to be the primary beneficiary of the VIE. The Company consolidates VIEs for which it is deemed to be the primary beneficiary. The Company consolidates VOEs if we own a majority of the voting interest in the entity or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights. Amounts attributable to third parties in the funds that we consolidate are recorded in redeemable noncontrolling interests on the consolidated statements of financial condition and net (income) loss attributable to redeemable noncontrolling interests on the consolidated statements of operations.
Investments
Our investments are classified as equity investments at fair value, trading investments, held-to-maturity investments or equity method investments at the time of purchase and re-evaluated on an ongoing basis and at the date of each consolidated statement of financial condition. Investments classified as equity investments at fair value include securities held within the affiliated funds that the Company consolidates, individual securities held directly for the purpose of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence. Investments classified as trading investments represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purpose of establishing performance track records. Held-to-maturity investments represent fixed income securities recorded at amortized cost. Equity method investments represent seed investments in affiliated funds in which the Company owns between 20-50% of the


36

outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments.
Fair Value
The majority of our investments are carried at fair value or amounts that approximate fair value on our consolidated statement of financial condition with the periodic mark-to-market included directly in earnings. Fair value is the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities reported at fair value are classified and disclosed in a fair value hierarchy based on whether the inputs to the valuation techniques are observable or unobservable. The classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement:
Level 1 - Unadjusted quoted prices for identical instruments in active markets.
Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.
Level 3 - Valuations derived from valuation techniques in which significant inputs or significant value drivers are unobservable.
Income Taxes
We operate globally in numerous jurisdictions through our subsidiaries and therefore must allocate our income, expenses, and earnings to these taxing jurisdictions taking into account the various laws and regulations in each jurisdiction. Our tax provision represents an estimate of the total liability that we have incurred in these jurisdictions as a result of our operations. Each year we file tax returns in each jurisdiction and settle our tax liabilities which may be subject to audit by the taxing authorities. The determination of our annual provision is subject to judgments and estimates and the actual results may vary from the amounts reported in our consolidated financial statements. Accordingly, we recognize additions to, or reductions of, income tax expense during reporting periods that may pertain to prior period provisions as our estimated liabilities are revised and actual tax returns and audits, if any, are settled. Such adjustments are recognized in the discrete quarterly period in which they are determined.
In addition, we record deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years. We record a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in several jurisdictions across our global operations. In accordance with Accounting Standards Codification Topic 740, Income Taxes (ASC 740), a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits.
We record unrecognized tax benefits as liabilities in accordance with ASC 740 and adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available. Because of the complexity of some of these uncertainties, the ultimate resolution may differ from our current estimate of the unrecognized tax benefit liabilities. These differences are reflected as increases or decreases in income tax expense in the period in which new information becomes available.
Recently Issued Accounting Pronouncements
See discussion of Recently Issued Accounting Pronouncements in Note 2 of the consolidated financial statements.


37

Item 7A. Quantitative and Qualitative Disclosures About Market Risk
In the normal course of our business, we are exposed to risk as a result of changes in interest and currency rates and securities markets and general economic fluctuations, which may have an adverse impact on the value of our investments.
At December 31, 2019, we had approximately $15.0 million of trading investments, $89.9 million of equity investments at fair value, $49.8 million of held-to-maturity investments and $554,000 of equity method investments. Trading investments included debt securities held within the affiliated funds that the Company consolidates of approximately $3.5 million and individual debt securities held directly for the purposes of establishing performance track records of approximately $11.4 million. Equity investments at fair value included securities held within the affiliated funds that the Company consolidates of approximately $79.3 million as well as individual securities held directly for the purpose of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence of approximately $10.6 million. Held-to-maturity investments included fixed income securities recorded at amortized cost of approximately $49.8 million. At December 31, 2019, the Company consolidated the Cohen & Steers Co-Investment Partnership, L.P., the Cohen & Steers SICAV Diversified Real Assets Fund, the Cohen & Steers SICAV Global Listed Infrastructure Fund and the Cohen & Steers SICAV Global Real Estate Securities Fund.
The following table summarizes the effect of a ten percent increase or decrease in equity prices on our investments subject to equity price fluctuation as of December 31, 2019:
 
Carrying
Value
 
Carrying Value
Assuming a
10% Increase
 
Carrying Value
Assuming a
10% Decrease
Trading
$
14,980

 
$
16,478

 
$
13,482

Equity investments at fair value
89,872

 
98,859

 
80,885

Held-to-maturity
49,807

 
54,788

 
44,826

 
As of December 31, 2019, the Company had outstanding foreign currency forward contracts to hedge its currency exposure related to certain client receivables with an aggregate notional value of $10.8 million. The Company estimates that a ten percent adverse change in market prices would result in an increase of approximately $3,000 in the fair value of open foreign currency forward contracts at December 31, 2019.
A majority of our revenue—92.1%, 91.8% and 91.1% for the years ended December 31, 2019, 2018 and 2017, respectively—was derived from investment advisory and administration agreements with our clients. Under these agreements, the investment advisory and administration fee we receive is based on the market value of the assets we manage. Accordingly, a decline in the prices of securities generally, and real estate securities in particular, attributable to market conditions including inflation, interest rate changes and a general economic downturn, may cause our revenue and income to decline by causing the value of the assets we manage to decrease, which would result in lower investment advisory and administration fees; or by causing our clients to withdraw funds in favor of investments that they perceive as offering greater opportunity or lower risk or cost, which would also result in lower investment advisory and administration fees.
The economic environment may also preclude us from increasing the assets we manage in closed-end funds. The market conditions for these offerings may not be as favorable in the future, which could adversely impact our ability to grow the assets we manage and realize higher fee revenue associated with such growth. Depending on market conditions, the closed-end funds we manage may increase or decrease their leverage in order to maintain the funds’ target leverage ratios, thereby increasing or decreasing the assets we manage.
As of December 31, 2019, 61.7% and 24.4% of the assets we managed were concentrated in real estate and preferred securities, respectively. A change in interest rates or prolonged economic downturn could have a negative impact on the valuation of real estate and preferred securities in our clients’ portfolios, reduce our revenue, and impact our ability to increase assets in our open-end funds or offer new funds.


38


Item 8. Financial Statements and Supplementary Data
The report of our independent registered public accounting firm and financial statements listed in the accompanying index are included in Item 15 of this Annual Report on Form 10-K. See the Index to Financial Statements on page F-1.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
There have been no disagreements on accounting and financial disclosure matters.
Item 9A. Controls and Procedures
We maintain disclosure controls and procedures (as that term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the Exchange Act)) that are designed to ensure that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosures. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.
Our management, including our Chief Executive Officer and our Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of December 31, 2019. Based on that evaluation and subject to the foregoing, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures as of December 31, 2019 were effective to accomplish their objectives at a reasonable assurance level.
There has been no change in our internal control over financial reporting that occurred during the three months ended December 31, 2019 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Management’s report on internal control over financial reporting is located on page F-2 of this Annual Report on Form 10-K and Deloitte & Touche LLP’s report on the effectiveness of our internal control over financial reporting is located on page F-3.
Item 9B. Other Information
None.


39

PART III
Item 10. Directors, Executive Officers and Corporate Governance
The information regarding directors and executive officers set forth under the headings “Nominee Information” and “Other Executive Officers” of the Proxy Statement is incorporated by reference herein.
The information regarding compliance with Section 16(a) of the Exchange Act set forth under the heading “Delinquent Section 16(a) Reports” in the Proxy Statement is incorporated by reference herein.
The information regarding our Code of Business Conduct and Ethics and committees of our Board of Directors under the headings “Corporate Governance” and “Board Meetings and Committees” in the Proxy Statement is incorporated by reference herein.
Item 11. Executive Compensation
The information contained under the headings “Executive Compensation”, “Board Meetings and Committees” and “Report of the Compensation Committee” of the Proxy Statement is incorporated by reference herein.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
The information under the headings “Ownership of Cohen & Steers Common Stock” and “Equity Compensation Plan Information” of the Proxy Statement is incorporated by reference herein.
Item 13. Certain Relationships and Related Transactions, and Director Independence
The information under the headings “Certain Relationships and Related Transactions” and “Corporate Governance” of the Proxy Statement is incorporated by reference herein.
Item 14. Principal Accountant Fees and Services
The information regarding our independent registered public accounting firm fees and services set forth under the heading “Ratification of the Appointment of Independent Registered Public Accounting Firm” of the Proxy Statement is incorporated by reference herein.


40

PART IV
Item 15. Exhibits and Financial Statement Schedules
(a)
1
Financial Statements
Included herein at pages F-1 through F-34.
 
2
Financial Data Schedules
All schedules have been omitted because they are not applicable, not required, or the information required is included in the financial statements or notes thereto.
 
3
Exhibits
The agreements and other documents filed as exhibits to this report are not intended to provide factual information or other disclosure other than with respect to the terms of the agreements or other documents themselves, and you should not rely on them for that purpose. In particular, any representations and warranties made by us in these agreements or other documents were made solely within the specific context of the relevant agreement or document and may not describe the actual state of affairs as of the date they were made or at any other time.


41


Exhibit
Number
 
Description
3.1
—
3.2
—
4.1
—
4.2
—
4.3
—
Description of the Registrant’s Securities (filed herewith)
10.1
—
10.2
—
10.3
—
10.4
—
10.5
—
10.6
—
10.7
—
21.1
—
Subsidiaries of the Company (filed herewith)
23.1
—
Consent of Deloitte & Touche LLP (filed herewith)
24.1
—
31.1
—
Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
31.2
—
Certification of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)
32.1
—
Certification of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2
—
Certification of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101
—
The following financial statements from the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 formatted in Inline XBRL (eXtensible Business Reporting Language): (i) the Consolidated Statements of Financial Condition, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Statements of Changes in Stockholders’ Equity and Redeemable Noncontrolling Interests, (v) the Consolidated Statements of Cash Flows, and (vi) the Notes to the Consolidated Financial Statements.
104
—
Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
 
_________________________
(1)
Incorporated by reference to the Company’s Registration Statement on Form S-1 (Registration No. 333-114027), as amended, originally filed with the Securities and Exchange Commission on March 30, 2004.
(2)
Incorporated by reference to the Company’s Quarterly Report on Form 10-Q (Commission File No. 001-32236), for the quarter ended June 30, 2008.
(3)
Incorporated by reference to the Company’s Current Report on Form 8-K (Commission File No. 001-32236), filed on May 13, 2013.
(4)
Incorporated by reference to the Company’s Quarterly Report on Form 10-Q (Commission File No. 001-32236), for the quarter ended March 31, 2015.
(5)
Incorporated by reference to the Company’s Annual Report on Form 10-K (Commission File No. 001-32236), for the year ended December 31, 2007.
(6)
Incorporated by reference to the Company’s Quarterly Report on Form 10-Q (Commission File No. 001-32236) for the quarter ended June 30, 2015.
(7)
Incorporated by reference to the Company’s Current Report on Form 8-K (Commission File No. 001-32236), for the May 10, 2017.
(8)
Incorporated by reference to the Company’s Current Report on Form 10-K (Commission File No. 001-32236), for the year ended December 31, 2017.
* Denotes compensatory plan.


42


Item 16. Form 10-K Summary
None.


43


SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
COHEN & STEERS, INC.
 
 
 
 
 
 
By:
/S/    ROBERT H. STEERS        
 
 
 
 
Robert H. Steers
Chief Executive Officer and Director
February 28, 2020
Each of the officers and directors of Cohen & Steers, Inc. whose signature appears below, in so signing, also makes, constitutes and appoints Robert H. Steers, acting alone, his or her true and lawful attorney-in-fact, with full power and substitution, for him or her in any and all capacities, to execute and cause to be filed with the Securities and Exchange Commission any and all amendments to the Annual Report on Form 10-K, with exhibits thereto and other documents connected therewith and to perform any acts necessary to be done in order to file such documents, and hereby ratifies and confirms all that said attorney-in-fact or his substitute or substitutes may do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.

Signature
 
Title
Date
 
 
 
 
/S/ MARTIN COHEN
 
 
 
Martin Cohen
 
Chairman and Director
February 28, 2020
 
 
 
 
/S/ ROBERT H. STEERS
 
 
 
Robert H. Steers
 
Chief Executive Officer and Director (Principal Executive Officer)
February 28, 2020
 
 
 
 
/S/ JOSEPH HARVEY
 
 
 
Joseph Harvey
 
President and Director
February 28, 2020
 
 
 
 
/S/ PETER L. RHEIN
 
 
 
Peter L. Rhein
 
Director
February 28, 2020
 
 
 
 
/S/ RICHARD P. SIMON
 
 
 
Richard P. Simon
 
Director
February 28, 2020
 
 
 
 
/S/ EDMOND D. VILLANI
 
 
 
Edmond D. Villani
 
Director
February 28, 2020
 
 
 
 
/s/ FRANK CONNOR
 
 
 
Frank Connor
 
Director
February 28, 2020
 
 
 
 
/s/ REENA AGGARWAL
 
 
 
Reena Aggarwal
 
Director
February 28, 2020
 
 
 
 
/s/ DASHA SMITH
 
 
 
Dasha Smith
 
Director
February 28, 2020
 
 
 
 
/S/ MATTHEW S. STADLER
 
 
 
Matthew S. Stadler
 
Chief Financial Officer (Principal Financial Officer)
February 28, 2020
 
 
 
 
/S/ ELENA DULIK
 
 
 
Elena Dulik
 
Chief Accounting Officer (Principal Accounting Officer)
February 28, 2020
 
 
 
 


44


TABLE OF CONTENTS
FINANCIAL STATEMENTS




F-1


COHEN & STEERS, INC.
MANAGEMENT’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
The management of Cohen & Steers, Inc. (the Company) is responsible for establishing and maintaining adequate internal control over financial reporting. The Company’s internal control system is designed to provide reasonable assurance to the Company’s management and Board of Directors regarding the reliability of financial reporting and the preparation of published financial statements in accordance with accounting principles generally accepted in the United States of America. All internal control systems, no matter how well designed, have inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation.
The Company’s internal control over financial reporting (1) includes policies and procedures that pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect transactions and dispositions of assets; (2) provides reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with accounting principles generally accepted in the United States of America, and that receipts and expenditures are being made only in accordance with authorizations of management and the directors of the Company; (3) and provides reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the Company’s financial statements.
The Company’s management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2019. In making this assessment, it used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013). Based on its assessment, our management believes that, as of December 31, 2019, the Company’s internal control over financial reporting is effective based on those criteria.
The Company’s independent registered public accounting firm that audited the accompanying Consolidated Financial Statements has issued an attestation report on the effectiveness of the Company’s internal control over financial reporting. Their report appears on the following page.
February 28, 2020



F-2


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Stockholders and Board of Directors of Cohen & Steers, Inc.
Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated statements of financial condition of Cohen & Steers, Inc. and subsidiaries (the "Company") as of December 31, 2019 and 2018, the related consolidated statements of operations, comprehensive income, changes in stockholders’ equity and redeemable noncontrolling interests, and cash flows for each of the three years in the period ended December 31, 2019 and the related notes (collectively referred to as the “financial statements”). We also have audited the Company’s internal control over financial reporting as of December 31, 2019, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2019 and 2018, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2019, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2019, based on criteria established in Internal Control - Integrated Framework (2013) issued by COSO.
Change in Accounting Principle
As discussed in Note 2 to the financial statements, effective January 1, 2019, the Company adopted FASB Accounting Standards Update 2016-02, Leases, using the retrospective approach.
Basis for Opinions
The Company’s management is responsible for these financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management’s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on these financial statements and an opinion on the Company’s internal control over financial reporting based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits in accordance with the standards of the PCOAB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud, and whether effective internal control over financial reporting was maintained in all material respects.
Our audits of the financial statements included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures to respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.
Definition and Limitations of Internal Control over Financial Reporting
A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that


F-3


receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Critical Audit Matter
The critical audit matter communicated below is a matter arising from the current-period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that (1) relates to accounts or disclosures that are material to the consolidated financial statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matter does not alter in any way our opinion on the consolidated financial statements, taken as a whole, and we are not, by communicating the critical audit matter below, providing separate opinion on the critical audit matter or on the accounts or disclosures to which it relates.
Unrecognized Income Tax Benefits - Refer to Note 14 to the consolidated financial statements
Critical Audit Matter Description
As discussed in Note 14 to the consolidated financial statements, as of December 31, 2019, the Company had $12.9 million of gross unrecognized tax benefits.
The Company records unrecognized tax benefits as liabilities in accordance with Accounting Standards Codification Topic 740, Income Taxes (ASC 740) and adjusts these liabilities when its judgment changes as a result of the evaluation of new information not previously available. Because of the complexity of some of these uncertainties, the ultimate resolution may differ from the Company's current estimate of the unrecognized tax benefit liabilities. These differences are reflected as increases or decreases in income tax expense in the period in which new information becomes available.
We identified the evaluation of the Company’s unrecognized tax benefits as a critical audit matter because the calculation of these tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. In accordance with ASC 740, a tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolutions of any related appeals or litigation processes, on the basis of the technical merits. Auditing management’s analysis of its uncertain tax positions and resulting unrecognized tax benefits required a high degree of auditor judgment and an increased extent of effort, including the need to involve our income tax specialists.
How the Critical Audit Matter Was Addressed in the Audit
Our audit procedures related to the evaluation of unrecognized income tax benefits included the following, among others:
•
We tested the effectiveness of controls that address the risks of material misstatement relating to uncertain tax positions.
•
We, with the support of our income tax specialists, evaluated the recognition, measurement and accuracy of unrecognized income tax benefits. Our procedures included but were not limited to:
–
On a sample basis, inspected the Company’s analysis of uncertain income tax positions and evaluated the reasonableness of the assumptions and calculations the Company used to develop the related unrecognized income tax benefit amounts by position.
–
Evaluated the rollforward of unrecognized tax benefits for reasonableness.
–
Obtained the Company’s supporting documentation to assess the technical tax merit, the more-likely-than-not recognition and measurement thresholds and evaluated the application of relevant tax laws in the Company’s recognition determination.
–
Evaluated the Company’s income tax disclosures in relation to these matters included in Note 14 to the consolidated financial statements.
–
Evaluated whether unrecognized tax benefits were consistent with evidence obtained in other areas of the audit.


F-4





/s/    DELOITTE & TOUCHE LLP
New York, New York
February 28, 2020
We have served as the Company’s auditor since 2003.


F-5

COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(in thousands, except share data)

 
December 31,
2019
 
December 31, 2018 (2)
ASSETS
 
 
 
Cash and cash equivalents
$
101,352

 
$
92,733

Investments ($82,829 and $136,113) (1)
155,213

 
224,932

Accounts receivable
59,101

 
50,381

Due from brokers ($1,743 and $11,187) (1)
1,743

 
14,240

Property and equipment—net
12,486

 
14,106

Operating lease right-of-use assets
38,440

 
48,488

Goodwill and intangible assets—net
19,560

 
19,751

Deferred income tax asset—net
7,091

 
7,200

Other assets ($1,041 and $2,604) (1)
7,433

 
9,208

Total assets
$
402,419

 
$
481,039

 
 
 
 
LIABILITIES AND STOCKHOLDERS’ EQUITY
 
 
 
Liabilities:
 
 
 
Accrued compensation
$
48,105

 
$
43,685

Distribution and service fees payable
7,318

 
8,493

Operating lease liabilities
43,349

 
54,304

Income tax payable
22,194

 
18,663

Due to brokers ($366 and $4,422) (1)
366

 
5,121

Other liabilities and accrued expenses ($784 and $440) (1)
13,972

 
13,935

Total liabilities
135,304

 
144,201

Commitments and contingencies (See Note 13)

 

Redeemable noncontrolling interests
53,412

 
114,192

Stockholders’ equity:
 
 
 
Common stock, $0.01 par value; 500,000,000 shares authorized; 52,580,246 and 51,818,186 shares issued at December 31, 2019 and 2018, respectively
527

 
518

Additional paid-in capital
636,788

 
602,272

Accumulated deficit
(242,461
)
 
(208,404
)
Accumulated other comprehensive income (loss), net of tax
(6,326
)
 
(7,323
)
Less: Treasury stock, at cost, 5,329,820 and 5,050,285 shares at December 31, 2019 and 2018, respectively
(174,825
)
 
(164,417
)
Total stockholders’ equity
213,703

 
222,646

Total liabilities and stockholders’ equity
$
402,419

 
$
481,039

_________________________
(1)
Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.
(2)
Certain amounts have been recast to reflect the Company's adoption of the new leasing accounting standard on January 1, 2019. Refer to Notes 2 and 16 for further discussion of the Company's recently adopted accounting pronouncements and leases, respectively.



See notes to consolidated financial statements


F-6

COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)

 
Years Ended December 31,
 
2019
 
2018 (1)
 
2017 (1) (2)
Revenue:
 
 
 
 
 
Investment advisory and administration fees
$
378,578

 
$
349,870

 
$
344,900

Distribution and service fees
30,048

 
29,090

 
30,747

Other
2,204

 
2,151

 
3,049

Total revenue
410,830

 
381,111

 
378,696

Expenses:
 
 
 
 
 
Employee compensation and benefits
143,431

 
131,292

 
124,076

Distribution and service fees
55,237

 
50,043

 
53,338

General and administrative
47,632

 
48,265

 
42,219

Depreciation and amortization
4,396

 
4,473

 
4,317

Total expenses
250,696

 
234,073

 
223,950

Operating income (loss)
160,134

 
147,038

 
154,746

Non-operating income (loss):
 
 
 
 
 
Interest and dividend income—net
6,716

 
10,426

 
4,333

Gain (loss) from investments—net
21,673

 
(14,264
)
 
2,020

Foreign currency gain (loss)—net
(974
)
 
579

 
(699
)
Total non-operating income (loss)
27,415

 
(3,259
)
 
5,654

Income before provision for income taxes
187,549

 
143,779

 
160,400

Provision for income taxes
40,565

 
34,257

 
67,914

Net income
146,984

 
109,522

 
92,486

Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

 
 
 
 
 
 
Earnings per share attributable to common stockholders:
 
 
 
 
 
Basic
$
2.85

 
$
2.43

 
$
1.98

Diluted
$
2.79

 
$
2.40

 
$
1.96

Weighted average shares outstanding:
 
 
 
 
 
Basic
47,273

 
46,794

 
46,353

Diluted
48,297

 
47,381

 
46,979

_________________________
(1)
Revenue amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to investment advisory and administration fees.
(2)
Certain amounts have been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018.
See notes to consolidated financial statements


F-7


COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)

 
Years Ended December 31,
 
2019
 
2018
 
2017
Net income
$
146,984

 
$
109,522

 
$
92,486

Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
Net income attributable to common stockholders
134,621

 
113,896

 
91,939

Other comprehensive income (loss), net of tax:
 
 
 
 
 
Foreign currency translation gain (loss)
997

 
(2,557
)
 
2,064

Net unrealized gain (loss) from available-for-sale investments (1)
—

 
—

 
497

Reclassification to statements of operations of (gain) loss from available-for-sale investments
—

 
—

 
(347
)
Other comprehensive income (loss)
997

 
(2,557
)
 
2,214

Total comprehensive income attributable to common stockholders
$
135,618

 
$
111,339

 
$
94,153


_________________________
(1)
Due to the adoption and application of the amendments to the financial instruments accounting standard on January 1, 2018, realized and unrealized gains (losses) from equity investments at fair value are recognized through earnings rather than through other comprehensive income.






























See notes to consolidated financial statements


F-8

COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND
REDEEMABLE NONCONTROLLING INTERESTS
(in thousands)
 
 
Common
Stock
 
Additional
Paid-In
Capital
 
Accumulated Deficit
 
Accumulated Other
Comprehensive
Income (Loss), Net of Tax
 
Treasury
Stock
 
Total
Stockholders’
Equity
 
Redeemable
Noncontrolling
Interests
 
Shares of Common Stock, Net
January 1, 2017
 
$
504

 
$
543,829

 
$
(127,957
)
 
$
(5,885
)
 
$
(144,677
)
 
$
265,814

 
$
853

 
45,890

Dividends ($2.12 per share)
 
—

 
—

 
(101,669
)
 
—

 
—

 
(101,669
)
 
—

 
—

Issuance of common stock
 
7

 
741

 
—

 
—

 
—

 
748

 
—

 
690

Repurchase of common stock
 
—

 
—

 
—

 
—

 
(9,141
)
 
(9,141
)
 
—

 
(265
)
Issuance of restricted stock units—net
 
—

 
3,974

 
—

 
—

 
—

 
3,974

 
—

 
—

Amortization of restricted stock units
 
—

 
22,042

 
(285
)
 
—

 
—

 
21,757

 
—

 
—

Forfeitures of restricted stock units
 
—

 
(100
)
 
—

 
—

 
—

 
(100
)
 
—

 
—

Net income (loss)
 
—

 
—

 
91,939

 
—

 
—

 
91,939

 
547

 
—

Other comprehensive income (loss), net of tax
 
—

 
—

 
—

 
2,214

 
—

 
2,214

 
—

 
—

Net contributions (distributions) attributable to redeemable noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
46,395

 
—

December 31, 2017
 
$
511

 
$
570,486

 
$
(137,972
)
 
$
(3,671
)
 
$
(153,818
)
 
$
275,536

 
$
47,795

 
46,315

Cumulative-effect adjustment, net of tax, due to the adoption of the new financial instruments accounting standard
 
—

 
—

 
1,095

 
(1,095
)
 
—

 
—

 
—

 
—

Dividends ($3.82 per share)
 
—

 
—

 
(185,423
)
 
—

 
—

 
(185,423
)
 
—

 
—

Issuance of common stock
 
7

 
696

 
—

 
—

 
—

 
703

 
—

 
714

Repurchase of common stock
 
—

 
—

 
—

 
—

 
(10,599
)
 
(10,599
)
 
—

 
(261
)
Issuance of restricted stock units—net
 
—

 
7,170

 
—

 
—

 
—

 
7,170

 
—

 
—

Amortization of restricted stock units
 
—

 
23,984

 
—

 
—

 
—

 
23,984

 
—

 
—

Forfeitures of restricted stock units
 
—

 
(64
)
 
—

 
—

 
—

 
(64
)
 
—

 
—

Net income (loss)
 
—

 
—

 
113,896

 
—

 
—

 
113,896

 
(4,374
)
 
—

Other comprehensive income (loss), net of tax
 
—

 
—

 
—

 
(2,557
)
 
—

 
(2,557
)
 
—

 
—

Net contributions (distributions) attributable to redeemable noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
70,771

 
—

December 31, 2018
 
$
518

 
$
602,272

 
$
(208,404
)
 
$
(7,323
)
 
$
(164,417
)
 
$
222,646

 
$
114,192

 
46,768

Dividends ($3.44 per share)
 
—

 
—

 
(168,678
)
 
—

 
—

 
(168,678
)
 
—

 
—

Issuance of common stock
 
9

 
861

 
—

 
—

 
—

 
870

 
—

 
762

Repurchase of common stock
 
—

 
—

 
—

 
—

 
(10,408
)
 
(10,408
)
 
—

 
(280
)
Issuance of restricted stock units—net
 
—

 
7,039

 
—

 
—

 
—

 
7,039

 
—

 
—

Amortization of restricted stock units
 
—

 
26,883

 
—

 
—

 
—

 
26,883

 
—

 
—

Forfeitures of restricted stock units
 
—

 
(267
)
 
—

 
—

 
—

 
(267
)
 
—

 
—

Net income (loss)
 
—

 
—

 
134,621

 
—

 
—

 
134,621

 
12,363

 
—

Other comprehensive income (loss), net of tax
 
—

 
—

 
—

 
997

 
—

 
997

 
—

 
—

Net contributions (distributions) attributable to redeemable noncontrolling interests
 
—

 
—

 
—

 
—

 
—

 
—

 
2,242

 
—

Net consolidation (deconsolidation) of Company-sponsored funds
 
—

 
—

 
—

 
—

 
—

 
—

 
(75,385
)
 
—

December 31, 2019
 
$
527

 
$
636,788

 
$
(242,461
)
 
$
(6,326
)
 
$
(174,825
)
 
$
213,703

 
$
53,412

 
47,250

See notes to consolidated financial statements


F-9

COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
 
Years Ended December 31,
 
2019
 
2018 (1)
 
2017 (1)
Cash flows from operating activities:
 
 
 
 
 
Net income
$
146,984

 
$
109,522

 
$
92,486

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation expense—net
27,811

 
24,626

 
22,360

Amortization of deferred commissions
1,079

 
1,559

 
2,800

Depreciation and amortization
4,396

 
4,473

 
4,317

Amortization of right-of-use assets
10,048

 
9,364

 
7,572

Amortization (accretion) of premium (discount) on held-to-maturity investments
(493
)
 
(246
)
 
—

(Gain) loss from investments—net
(21,673
)
 
14,264

 
(2,020
)
Deferred income taxes
96

 
(1,373
)
 
(314
)
Foreign currency (gain) loss
9

 
211

 
47

Changes in operating assets and liabilities:
 
 
 
 
 
Accounts receivable
(8,729
)
 
3,262

 
(7,613
)
Due from brokers
989

 
(7,811
)
 
(4,850
)
Deferred commissions
(1,628
)
 
(982
)
 
(1,894
)
Investments within consolidated funds
(13,997
)
 
(81,182
)
 
(60,252
)
Other assets
(120
)
 
(2,689
)
 
(576
)
Accrued compensation
4,420

 
2,341

 
6,064

Distribution and service fees payable
(1,175
)
 
2,262

 
(221
)
Operating lease liabilities
(10,955
)
 
(9,542
)
 
(7,807
)
Due to brokers
45

 
1,839

 
3,282

Income tax payable
3,531

 
(1,229
)
 
10,517

Other liabilities and accrued expenses
807

 
3,929

 
355

Net cash provided by (used in) operating activities
141,445

 
72,598

 
64,253

Cash flows from investing activities:
 
 
 
 
 
Proceeds from redemptions of equity method investments
52

 
37

 
41

Purchases of investments
(50,943
)
 
(63,557
)
 
(16,901
)
Proceeds from sales of investments
89,592

 
13,796

 
25,811

Purchases of property and equipment
(2,752
)
 
(3,470
)
 
(3,242
)
Net cash provided by (used in) investing activities
35,949

 
(53,194
)
 
5,709

Cash flows from financing activities:
 
 
 
 
 
Issuance of common stock—net
741

 
597

 
636

Repurchase of common stock
(10,408
)
 
(10,599
)
 
(9,141
)
Dividends to stockholders
(162,705
)
 
(178,879
)
 
(98,313
)
Distributions to redeemable noncontrolling interests
(43,483
)
 
(10,862
)
 
(263
)
Contributions from redeemable noncontrolling interests
45,725

 
81,633

 
46,658

Net cash provided by (used in) financing activities
(170,130
)
 
(118,110
)
 
(60,423
)
Net increase (decrease) in cash and cash equivalents
7,264

 
(98,706
)
 
9,539

Effect of foreign exchange rate changes on cash and cash equivalents
1,355

 
(2,013
)
 
679

Cash and cash equivalents, beginning of the year
92,733

 
193,452

 
183,234

Cash and cash equivalents, end of the year
$
101,352

 
$
92,733

 
$
193,452

_________________________
(1)
Certain amounts have been recast to reflect the Company's adoption of the new leasing accounting standard on January 1, 2019. Refer to Notes 2 and 16 for further discussion of the Company's recently adopted accounting pronouncements and leases, respectively.

See notes to consolidated financial statements


F-10

COHEN & STEERS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—(Continued)

 
Supplemental disclosures of cash flow information:
For the years ended December 31, 2019, 2018 and 2017, the Company paid taxes, net of tax refunds, of approximately $37,036,000, $36,795,000 and $57,726,000, respectively.
Supplemental disclosures of non-cash investing and financing activities:
In connection with its stock incentive plan, the Company recorded restricted stock unit dividend equivalents, net of forfeitures, in the amount of approximately $5,973,000, $6,544,000 and $3,356,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Effective September 1, 2019, the Company's proportionate ownership interest in the Cohen & Steers Preferred Securities and Income SMA Shares, Inc. (PISH) decreased and the Company reclassified its ownership interest to equity method investments. Accordingly, the Company deconsolidated the assets and liabilities of PISH resulting in a non-cash reduction of approximately $7,181,000 from investments and redeemable noncontrolling interests to remove amounts attributable to third-party investors in PISH. Effective November 1, 2019, the Company’s proportionate ownership interest in PISH fell below 20% and, as a result, the Company recorded a non-cash reclassification of approximately $5,370,000, from equity method investments into equity investments at fair value until the Company sold its remaining interest in PISH in December 2019.
Effective January 1, 2019, the Company's proportionate ownership interest in the Cohen & Steers SICAV Global Preferred Securities Fund (SICAV Preferred) decreased and the Company reclassified its ownership interest to equity investments at fair value. Accordingly, the Company deconsolidated the assets and liabilities of SICAV Preferred resulting in a non-cash reduction of approximately $114,192,000 from investments and redeemable noncontrolling interests to remove amounts attributable to third-party investors in SICAV Preferred.
For the year ended December 31, 2019, the Company's proportionate ownership interest in the Cohen & Steers SICAV Global Real Estate Fund (SICAV GRE) increased. Accordingly, the Company consolidated the assets and liabilities and the results of operations of SICAV GRE, resulting in a non-cash increase of approximately $45,988,000 to investments and redeemable noncontrolling interests to record amounts attributable to third-party investors in SICAV GRE from equity investments at fair value.
For the year ended December 31, 2018, the Company's proportionate ownership interest in the Cohen & Steers Funds ICAV (ICAV), an Irish alternative investment fund, increased and, as a result, the Company consolidated the assets and liabilities and the results of operations of ICAV, resulting in a non-cash increase of approximately $6,411,000 to investments and redeemable noncontrolling interests to record amounts attributable to third-party investors in ICAV. ICAV was subsequently liquidated effective April 2019.


F-11

COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

1. Basis of Presentation
Cohen & Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers Asia Limited (CSAL), Cohen & Steers UK Limited (CSUK), Cohen & Steers Japan Limited (CSJL) and Cohen & Steers Ireland Ltd. (CSIL) (collectively, the Company).
The Company is a global investment manager specializing in real assets and alternative income. Our specialties include real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the Company is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements set forth herein include the accounts of CNS and its direct and indirect subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
2. Summary of Significant Accounting Policies
Recently Adopted Accounting Pronouncements—In February 2018, the Financial Accounting Standards Board (FASB) issued new guidance allowing entities to reclassify certain tax effects related to the enactment of the Tax Cuts and Jobs Act (the Tax Act) from accumulated other comprehensive income (AOCI) to retained earnings. Prior to the issuance of the new guidance, a portion of the previously recognized deferred tax effects recorded in AOCI was "left stranded" in AOCI as the effect of remeasuring the deferred taxes using the reduced federal corporate income tax rate was required to be recorded through income. The new guidance allows these stranded tax effects to be reclassified from AOCI to retained earnings. The new guidance became effective on January 1, 2019 and the Company adopted the standard using the prospective application. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In August 2017, the FASB issued new guidance amending the accounting for hedging activities. The new guidance (i) expands hedge accounting for nonfinancial and financial risk components and amends measurement methodologies to more closely align hedge accounting with an entity's risk management activities, (ii) decreases the complexity of preparing and understanding hedge results through eliminating the separate measurement and reporting of hedge ineffectiveness, (iii) enhances transparency, comparability and understandability of hedge results through enhanced disclosures and changing the presentation of hedge results to align the effects of the hedging instrument and the hedged item and (iv) reduces the cost and complexity of applying hedge accounting by simplifying the manner in which assessments of hedge effectiveness may be performed. The new guidance became effective on January 1, 2019. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In February 2016, the FASB issued guidance introducing a new lease model which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new guidance establishes a right-of-use (ROU) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. This new guidance became effective on January 1, 2019 and the Company adopted the standard, along with certain allowable practical expedients, using the modified retrospective transition approach, which required the recasting of prior period amounts.


F-12



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:
(in thousands)
Previously Reported
 
Adjustments
Due to New Leasing Standard to record ROU assets and lease liabilities
 
Reclassification of Deferred Rent
 
Recast
Operating lease right-of-use assets
$
—

 
$
54,304

 
$
(5,816
)
 
$
48,488

Operating lease liabilities
$
—

 
$
54,304

 
$
—

 
$
54,304

Deferred rent
$
5,816

 
$
—

 
$
(5,816
)
 
$
—


The adoption of the new standard had no material impact on the Company's other consolidated financial statements. Refer to Note 12 for further discussion.
Accounting Estimates—The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.
Reclassifications—The Company reclassified certain prior period amounts in the consolidated financial statements to conform with the current period presentation.
Consolidation of Company-sponsored Funds—Investments in Company-sponsored funds and management fees are evaluated at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the Variable Interest Entity (VIE) model or the Voting Interest Entity (VOE) model. In performing this analysis, all of the Company’s management fees are presumed to be commensurate and at market and are therefore not considered variable interests.
A VIE is an entity in which either (i) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (ii) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has (i) the power to direct the activities of the VIE that most significantly affect its performance, and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. Investments and redemptions or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. The Company assesses whether it is the primary beneficiary of any VIEs identified by evaluating its economic interests in the entity held either directly by the Company and its affiliates or indirectly through employees. VIEs for which the Company is deemed to be the primary beneficiary are consolidated.
Investments in Company-sponsored funds that are determined to be VOEs are consolidated when the Company’s ownership interest is greater than 50% of the outstanding voting interests of the fund or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights in the fund.
The Company records noncontrolling interests in consolidated funds for which the Company’s ownership is less than 100%.
Cash and Cash Equivalents—Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less.
Due from/to Brokers—Company-sponsored funds that are consolidated transact with brokers for certain investment activities. The clearing and custody operations for these investment activities are performed pursuant to contractual agreements. The due from/to brokers balance represents cash and cash equivalents balances at brokers/custodians and/or receivables and payables for unsettled securities transactions.


F-13



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


Investments—Management of the Company determines the appropriate classification of its investments at the time of purchase and re-evaluates such determination no less than on a quarterly basis. At December 31, 2019, the Company's investments were comprised of the following:
•
Equity investments at fair value, which includes equity securities held within the affiliated funds that the Company consolidates, individual equity securities held directly for the purposes of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence.
•
Trading investments, which represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purposes of establishing performance track records.
•
Held-to-maturity investments, which represent fixed income securities recorded at amortized cost. The Company periodically reviews held-to-maturity investments for other-than-temporary impairments (OTTI). If the Company believes an OTTI exists, an impairment charge will be recognized in the Company’s consolidated statements of operations.
•
Equity method investments, which represent seed investments in affiliated funds in which the Company owns between 20-50% of the outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments. When using the equity method, the Company recognizes its respective share of the affiliated investee fund net income or loss for the period which is recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.
Realized and unrealized gains and losses on equity investments at fair value, trading investments and equity method investments are recorded in gain (loss) from investments—net in the Company's consolidated statements of operations.
From time to time, the Company, including the affiliated funds consolidated by the Company, enters into derivative contracts to gain exposure to the underlying commodities markets or to hedge market and credit risks of the underlying portfolios, including options, futures and swaps contracts. Gains and losses on derivative contracts are recorded as gain (loss) from investments—net in the Company's consolidated statements of operations. The fair values of these instruments are recorded in other assets or other liabilities and accrued expenses on the Company's consolidated statements of financial condition. At December 31, 2019, none of the outstanding derivative contracts were subject to a master netting agreement or other similar arrangement.
Additionally, from time to time, the Company, including the affiliated funds consolidated by the Company, enters into foreign exchange contracts to hedge its currency exposure. These instruments are measured at fair value based on the prevailing forward exchange rate with gains and losses recorded in foreign currency gain (loss)—net in the Company’s consolidated statements of operations. The fair values of these contracts are recorded in other assets or other liabilities and accrued expenses on the Company’s consolidated statements of financial condition.
Leases—The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and operating lease liabilities on the Company’s consolidated statements of financial condition.
ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the net present value of lease payments over the lease term. The majority of the Company’s lease agreements do not provide an implicit rate. As a result, the Company used an implied incremental borrowing rate based on the information available at lease commencement dates in determining the present value of lease payments. The Company estimates the incremental borrowing rate based on its estimated credit rating and other available market information. The operating lease ROU asset reflects any upfront lease payments made as well as lease incentives received. The lease terms may include options to extend or terminate the lease and these are factored into the determination of the ROU asset and lease liability at lease inception when and if it is reasonably certain that the Company will exercise that option. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term.


F-14



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The Company has certain lease agreements with non-lease components such as maintenance and executory costs, which are accounted for separately and not included in ROU assets.
Goodwill and Intangible Assets—Goodwill represents the excess of the cost of the Company’s investment in the net assets of an acquired company over the fair value of the underlying identifiable net assets at the date of acquisition. Goodwill and indefinite-lived intangible assets are not amortized but are tested at least annually for impairment by comparing the fair value to their carrying amounts.
Redeemable Noncontrolling Interests—Redeemable noncontrolling interests represent third-party interests in the affiliated funds that the Company consolidates. These interests are redeemable at the option of the investors and therefore are not treated as permanent equity. Redeemable noncontrolling interest is remeasured at redemption value which approximates the fair value at each reporting period.
Investment Advisory and Administration Fees—The Company earns revenue by providing asset management services to institutional accounts, Company-sponsored open-end and closed-end funds as well as model-based portfolios. Investment advisory fees are earned pursuant to the terms of investment management agreements and are based on a contractual fee rate applied to the average assets in the portfolio. The Company also earns administration fees from certain Company-sponsored open-end and closed-end funds pursuant to the terms of underlying administration contracts. Administration fees are based on the average assets under management of such funds. Investment advisory and administration fee revenue is recognized when earned and is recorded net of any fund reimbursements. The investment advisory and administration contracts each include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Additionally, investment advisory and administration fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
In certain instances, the Company may earn performance fees when certain specified performance hurdles are met during the performance period. Performance fees represent variable consideration and are recognized when no longer subject to significant risk of reversal.
Distribution and Service Fee Revenue—Distribution and service fee revenue is based on the average daily net assets of certain share classes of the Company’s sponsored open-end funds distributed by CSS. Distribution and service fee revenue is earned daily and is generally recorded gross of any third-party distribution and service fee expense for applicable share classes.
Distribution fee agreements include a single performance obligation that is satisfied at a point in time when an investor purchases shares in a Company-sponsored open-end fund. Distribution fees represent variable consideration, as fees are based on average assets under management which fluctuate daily. For all periods presented, a portion of the distribution fee revenue recognized in the period may relate to performance obligations satisfied (or partially satisfied) in prior periods. Service fee agreements include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Service fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
Distribution and Service Fee Expense—Distribution and service fee expense includes distribution fees, shareholder servicing fees and intermediary assistance payments. Distribution and service fee expense is recorded on an accrual basis.
Distribution fees represent payments made to qualified intermediaries for (i) assistance in connection with the distribution of the Company’s sponsored open-end funds’ shares and (ii) for other expenses such as advertising, printing and distribution of prospectuses to investors. Such amounts may also be used to pay financial intermediaries for services as specified in the terms of written agreements complying with Rule 12b-1 of the Investment Company Act of 1940 (Rule 12b-1). Distribution fees are based on the average daily net assets under management of certain share classes of certain of the funds.
Shareholder servicing fees represent payments made to qualified intermediaries for shareholder account service and maintenance. These services are provided pursuant to written agreements with such qualified institutions. Shareholder servicing fees are generally based on the average assets under management or the number of accounts being serviced.


F-15



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


Intermediary assistance payments represent payments to qualified intermediaries for activities related to distribution, shareholder servicing and marketing and support of the Company’s sponsored open-end funds and are incremental to those described above. Intermediary assistance payments are generally based on the average assets under management or the number of accounts being serviced.
Stock-based Compensation—The Company recognizes compensation expense for the grant-date fair value of awards of equity instruments to employees. This expense is recognized over the period during which employees are required to provide service. Forfeitures are recorded as incurred.
Income Taxes—The Company records the current and deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years at tax rates that are expected to apply in those years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years at tax rates that are expected to apply in those years. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, on the basis of the technical merits. The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes in the consolidated statements of operations.
Currency Translation and Transactions—Assets and liabilities of subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the applicable consolidated statement of financial condition date. Revenue and expenses of such subsidiaries are translated at average exchange rates during the period. The gains or losses resulting from translating non-U.S. dollar functional currency into U.S. dollars are included in the Company’s consolidated statements of comprehensive income. The cumulative translation adjustment was $(6,326,000), $(7,323,000) and $(4,766,000) as of December 31, 2019, 2018 and 2017, respectively. Gains or losses resulting from transactions denominated in currencies other than the U.S. dollar held by certain foreign subsidiaries are included in non-operating income (loss) in the consolidated statements of operations. Gains and losses arising on revaluation of U.S. dollar-denominated assets and liabilities held by foreign subsidiaries are also included in non-operating income (loss) in the Company’s consolidated statements of operations.
Comprehensive Income—The Company reports all changes in comprehensive income in the consolidated statements of comprehensive income. Comprehensive income generally includes net income or loss attributable to common stockholders and amounts attributable to foreign currency translation gain (loss), net of tax.
Recently Issued Accounting Pronouncements—In January 2017, the FASB issued guidance to simplify the goodwill impairment test by removing the requirement to perform a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This new guidance was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.
In June 2016, the FASB issued new guidance on the measurement of credit losses on financial instruments. The guidance replaces the incurred loss impairment model with a current expected credit loss (CECL) model. CECL requires a company to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. The guidance must be applied using the modified retrospective adoption method and was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.


F-16



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


3. Revenue
The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:
 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Client domicile:
 
 
 
 
 
North America
$
352,629

 
$
322,964

 
$
314,021

Japan
33,967

 
35,283

 
42,303

Asia Pacific excluding Japan
13,147

 
12,493

 
11,496

Europe, Middle East and Africa
11,087

 
10,371

 
10,876

Total
$
410,830

 
$
381,111

 
$
378,696

 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment vehicle:
 
 
 
 
 
Open-end funds (1)
$
217,778

 
$
197,363

 
$
193,348

Closed-end funds
80,502

 
77,270

 
78,670

Institutional accounts
110,346

 
104,327

 
103,629

Other (2)
2,204

 
2,151

 
3,049

Total
$
410,830

 
$
381,111

 
$
378,696

________________________
(1)
Included distribution and service fees of $30.0 million, $29.1 million and $30.7 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(2)
Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to open-end funds and institutional accounts.
4. Investments
The following table summarizes the Company’s investments:
(in thousands)
December 31, 2019
 
December 31, 2018
Equity investments at fair value
$
89,872

 
$
66,795

Trading
14,980

 
108,363

Held-to-maturity carried at amortized cost (1)
49,807

 
49,748

Equity method
554

 
26

Total investments
$
155,213

 
$
224,932


_________________________
(1)
Held-to-maturity investments had a fair value of $50.0 million and $49.8 million at December 31, 2019 and 2018, respectively. Original maturities ranged from 12 to 24 months at December 31, 2019 and 6 to 24 months at December 31, 2018.


F-17



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)



The Company seeded two new funds for the year ended December 31, 2019 and one new fund for the year ended December 31, 2018.
The following tables summarize gain (loss)—net from investments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
Net realized gains (losses) during the period
$
12,227

 
$
(1,486
)
Net unrealized gains (losses) during the period on investments
still held at the end of the period
9,446

 
(12,778
)
Gain (loss) from investments—net (1)
$
21,673

 
$
(14,264
)
_________________________
(1)
Included net income (loss) attributable to redeemable noncontrolling interests.
(in thousands)
Year Ended December 31, 2017
Gain (loss) from trading investments—net (1)
$
1,915

Equity in earnings (losses) of affiliates—net
(242
)
Gain (loss) from available-for-sale investments—net
347

Gain (loss) from investments—net
$
2,020

_________________________
(1)    Included net income (loss) attributable to redeemable noncontrolling interests.
At December 31, 2019, the Company's consolidated VIEs included the Cohen & Steers SICAV Global Listed Infrastructure Fund (GLI SICAV), the Cohen & Steers Co-Investment Partnership, L.P. (GRP-CIP), SICAV GRE and the Cohen & Steers SICAV Diversified Real Assets Fund (SICAV RAP). At December 31, 2018, the Company's consolidated VIEs included GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP.
The following tables summarize the consolidated statements of financial condition attributable to the Company's consolidated VIEs:
 
December 31, 2019
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV GRE
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
7,048

 
$
337

 
$
45,468

 
$
29,976

 
$
82,829

Due from brokers
264

 
203

 
663

 
613

 
1,743

Other assets
92

 
—

 
681

 
268

 
1,041

Total assets
$
7,404

 
$
540

 
$
46,812

 
$
30,857

 
$
85,613

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
45

 
$
—

 
$
92

 
$
229

 
$
366

Other liabilities and accrued expenses
100

 
5

 
466

 
213

 
784

Total liabilities
$
145

 
$
5

 
$
558

 
$
442

 
$
1,150




F-18



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


 
December 31, 2018
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV Preferred
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
5,704

 
$
550

 
$
120,930

 
$
8,929

 
$
136,113

Due from brokers
49

 
103

 
10,868

 
167

 
11,187

Other assets
171

 
—

 
2,136

 
297

 
2,604

Total assets
$
5,924

 
$
653

 
$
133,934

 
$
9,393

 
$
149,904

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
—

 
$
—

 
$
4,398

 
$
24

 
$
4,422

Other liabilities and accrued expenses
74

 
5

 
212

 
149

 
440

Total liabilities
$
74

 
$
5

 
$
4,610

 
$
173

 
$
4,862


_________________________
(1)
The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.
5. Fair Value
Accounting Standards Codification Topic 820, Fair Value Measurement (ASC 820) specifies a hierarchy of valuation classifications based on whether the inputs to the valuation techniques used in each valuation classification are observable or unobservable. These classifications are summarized in the three broad levels listed below:
•
Level 1—Unadjusted quoted prices for identical instruments in active markets.
•
Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.
•
Level 3—Valuations derived from valuation techniques in which significant inputs or significant value drivers are unobservable.
Inputs used to measure fair value might fall in different levels of the fair value hierarchy, in which case the Company defaults to the lowest level input that is significant to the fair value measurement in its entirety. These levels are not necessarily an indication of the risk or liquidity associated with the investments. In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820.


F-19



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The following tables present fair value measurements:
 
December 31, 2019
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
85,889

 
$
—

 
$
—

 
$
—

 
$
—

 
$
85,889

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
$
87,408

 
$
—

 
$
—

 
$
—

 
$
—

 
$
87,408

Company-sponsored funds
132

 
—

 
—

 
—

 
—

 
132

Limited partnership interests
1,048

 
—

 
—

 
337

 
—

 
1,385

Preferred securities
704

 
108

 
—

 
—

 
—

 
812

Other
—

 
—

 
—

 
135

 
—

 
135

Total
$
89,292

 
$
108

 
$
—

 
$
472

 
$
—

 
$
89,872

Trading investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Total
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Equity method investments
$
—

 
$
—

 
$
—

 
$
554

 
$
—

 
$
554

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
89,292

 
$
15,088

 
$
—

 
$
1,026

 
$
49,807

 
$
155,213

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
570

 
$
—

 
$
—

 
$
—

 
$
—

 
$
570

Foreign exchange contracts
—

 
74

 
—

 
—

 
—

 
74

Total
$
570

 
$
74

 
$
—

 
$
—

 
$
—

 
$
644

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
339

 
$
—

 
$
—

 
$
—

 
$
—

 
$
339

Commodity swap contracts
—

 
173

 
—

 
—

 
—

 
173

Foreign exchange contracts
—

 
44

 
—

 
—

 
—

 
44

Total
$
339

 
$
217

 
$
—

 
$
—

 
$
—

 
$
556





F-20



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


 
December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
78,147

 
$
—

 
$
—

 
$
—

 
$
—

 
$
78,147

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
21,982

 
$
—

 
$
—

 
$
—

 
$
—

 
$
21,982

Company-sponsored funds
9,456

 
—

 
—

 
—

 
—

 
9,456

Limited partnership interests
1,056

 
—

 
—

 
550

 
—

 
1,606

Preferred securities
30,448

 
3,193

 
—

 
—

 
—

 
33,641

Other
—

 
—

 
—

 
110

 
—

 
110

Total
$
62,942

 
$
3,193

 
$
—

 
$
660

 
$
—

 
$
66,795

Trading investments


 


 


 
 
 
 
 


Fixed income
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Total
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 


Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Equity method investments
$
—

 
$
—

 
$
—

 
$
26

 
$
—

 
$
26

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
62,942

 
$
111,556

 
$
—

 
$
686

 
$
49,748

 
$
224,932

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
486

 
$
—

 
$
—

 
$
—

 
$
—

 
$
486

Commodity swap contracts
—

 
739

 
—

 
—

 
—

 
739

Total
$
486

 
$
739

 
$
—

 
$
—

 
$
—

 
$
1,225

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
2,181

 
$
—

 
$
—

 
$
—

 
$
—

 
$
2,181

Foreign exchange contracts
—

 
205

 
—

 
—

 
—

 
205

Total
$
2,181

 
$
205

 
$
—

 
$
—

 
$
—

 
$
2,386


Cash equivalents were comprised of investments in actively traded U.S. Treasury money market funds measured at NAV.
Equity investments at fair value classified as level 2 were comprised of certain preferred securities with predominately equity-like characteristics whose fair values are generally determined using third-party pricing services. The pricing services may utilize pricing models, and inputs into those models may include reported trades, executable bid and ask prices, broker-dealer quotations, prices or yields of similar securities, benchmark curves and other market information. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security.
Trading investments classified as level 2 were comprised of U.S. Treasury securities held within consolidated funds carried at amortized cost, which approximates fair value, corporate debt securities, as well as certain preferred securities with predominately debt-like characteristics. The fair value amounts were generally determined using third-party pricing services. The pricing services may utilize evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information. Since these securities do not trade on a daily basis, the pricing services evaluate pricing applications and apply available information through processes such as yield curves, benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations.


F-21



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


Investments measured at NAV were comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. These investments were comprised of:
•
Equity investments at fair value - limited partner interests in limited partnership vehicles that invest in non-registered real estate funds and the Company's co-investment in a Cayman trust invested in global listed infrastructure securities, both of which are valued based on the NAVs of the underlying investments. At December 31, 2019 and 2018, the Company did not have the ability to redeem the interests in the limited partnership vehicles; there were no contractual restrictions on the Company's ability to redeem its interest in the Cayman trust.
•
Equity method investments - includes the Company's partnership interests in the Cohen & Steers Global Realty Partners III-TE, L.P. (GRP-TE) and the Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF). GRP-TE invests in non-registered real estate funds. The Company's ownership interest was approximately 0.2% and the Company did not have the ability to redeem the investment at either December 31, 2019 or 2018. GRF was seeded in 2019 and invests in global real estate investment trusts and other publicly traded real estate companies. The Company's ownership interest was approximately 2.2% and the Company had the ability to redeem the investment in GRF with 15 days' notice at December 31, 2019. The Company's risk with respect to both investments is limited to its equity ownership interest and any uncollected management fees.
Held-to-maturity investments were comprised of U.S. Treasury securities, which were directly issued by the U.S. government, with original maturities of 12 to 24 months at December 31, 2019 and 6 to 24 months at December 31, 2018. These securities were purchased with the intent to hold to maturity and are recorded at amortized cost.
Investments measured at NAV and held-to-maturity investments have not been classified in the fair value hierarchy. The amounts presented in the above tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statement of financial position.
Commodity swap contracts classified as level 2 were valued based on the underlying futures contracts.
Foreign currency exchange contracts classified as level 2 were valued based on the prevailing forward exchange rate.
The following table summarizes the changes in level 3 limited partnership interests in trading investments measured at fair value on a recurring basis:
 
Trading Investments
 
Limited Partnership Interests
 
2019
 
2018
Balance at beginning of year
$
—

 
$
605

Purchases / contributions
—

 
—

Sales / distributions
—

 
(598
)
Realized gains (losses)
—

 
(68
)
Unrealized gains (losses)
—

 
61

Transfers into (out of) level 3
—

 
—

Balance at end of year
$
—

 
$
—

 
Realized and unrealized gains (losses) in the above table were recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.
Valuation Techniques
In certain instances, debt, equity and preferred securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable broker-dealers or independent pricing services. In determining the value of a particular investment, independent pricing services may use information with respect to transactions in such investments,


F-22



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


broker quotes, pricing matrices, market transactions in comparable investments and various relationships between investments. As part of its independent price verification process, the Company generally performs reviews of valuations provided by broker-dealers or independent pricing services. Investments in Company-sponsored funds are valued at their closing price or NAV (or its equivalent) as a practical expedient.
Foreign exchange contracts are valued based on the prevailing forward exchange rate, which is an input that is observable in active markets.
In the absence of observable market prices, the Company values its investments using valuation methodologies applied on a consistent basis. For some investments, little market activity may exist; management's determination of fair value is then based on the best information available in the circumstances, and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Such investments are valued on a quarterly basis, taking into consideration any changes in key inputs and changes in economic and other relevant conditions, and valuation models are updated accordingly. The valuation process also includes a review by the Company's valuation committee which is comprised of senior members from various departments within the Company, including investment management. The valuation committee provides independent oversight of the valuation policies and procedures.
6. Derivatives
The following tables summarize the notional amount and fair value of the derivative financial instruments that are not designated in a formal hedging relationship.
 
As of December 31, 2019
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
14,394

 
$
4,623

 
$
570

 
$
339

Commodity swap
—

 
8,909

 
—

 
173

Foreign exchange
—

 
10,787

 
74

 
44

 
$
14,394

 
$
24,319

 
$
644

 
$
556


 
As of December 31, 2018
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
19,361

 
$
3,434

 
$
486

 
$
2,181

Commodity swap
—

 
8,761

 
739

 
—

Foreign exchange
—

 
10,996

 
—

 
205

 
$
19,361

 
$
23,191

 
$
1,225

 
$
2,386


________________________
(1)    The fair value of the derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the
Company's consolidated statements of financial condition.
The Company's exposure to commodity futures is based on seed capital investments. Commodity swap contracts are utilized to economically hedge and reduce the overall risk of the Company's market exposure to these investments. The Company enters into foreign exchange contacts to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees.
Cash included in due from brokers of approximately $2,002,000 on the consolidated statement of financial condition at December 31, 2018 was held as collateral for futures contracts. Investments of approximately $1,713,000 and $1,807,000 on the consolidated statement of financial condition at December 31, 2019 and 2018, respectively, were held as collateral for futures contracts.


F-23



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The following table summarizes net gains (losses) from derivative financial instruments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Commodity futures
$
881

 
$
(2,093
)
 
$
(438
)
Commodity swap
(485
)
 
739

 
—

Foreign exchange
235

 
(141
)
 
(1,481
)
Total (1)
$
631

 
$
(1,495
)
 
$
(1,919
)
________________________
(1)    Gains and losses on the derivative financial instruments are recorded as gain (loss) from investments—net in the Company's
consolidated statements of operations.
7. Property and Equipment
The following table summarizes the Company’s property and equipment:
 
December 31,
(in thousands)
2019
 
2018
Equipment
$
5,951

 
$
5,590

Furniture and fixtures
3,651

 
3,644

Software
19,988

 
17,591

Leasehold improvements
16,048

 
16,028

Subtotal
45,638

 
42,853

Less: Accumulated depreciation and amortization
(33,152
)
 
(28,747
)
Property and equipment, net
$
12,486

 
$
14,106

 
Depreciation and amortization expense related to property and equipment was $4,396,000, $4,378,000 and $4,229,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Depreciation and amortization expense related to property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets which range from 3-7 years. Leasehold improvements are amortized using the straight-line method over the lease term.
8. Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income attributable to common stockholders by the total weighted average shares of common stock outstanding and common stock equivalents. Common stock equivalents are comprised of dilutive potential shares from restricted stock unit awards and are excluded from the computation if their effect is anti-dilutive.
There were no anti-dilutive common stock equivalents for either the years ended December 31, 2019, 2018 or 2017.


F-24



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The following table reconciles income and share data used in the basic and diluted earnings per share computations:
 
Years Ended December 31,
(in thousands, except per share data)
2019
 
2018
 
2017
Net income
$
146,984

 
$
109,522

 
$
92,486

Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

Basic weighted average shares outstanding
47,273

 
46,794

 
46,353

Dilutive potential shares from restricted stock units
1,024

 
587

 
626

Diluted weighted average shares outstanding
48,297

 
47,381

 
46,979

 
 
 
 
 
 
Basic earnings per share attributable to common stockholders
$
2.85

 
$
2.43

 
$
1.98

Diluted earnings per share attributable to common stockholders
$
2.79

 
$
2.40

 
$
1.96


9. Stock-Based Compensation
Amended and Restated Stock Incentive Plan
The Amended and Restated Cohen & Steers, Inc. Stock Incentive Plan (the SIP) provides for the issuance of Restricted Stock Units (RSUs), stock options and other stock-based awards to eligible employees and directors. A total of 20.0 million shares of common stock may be granted under the SIP. The board of directors is authorized to increase the number of shares available for issuance under the SIP, subject to shareholder approval. At December 31, 2019, RSUs with respect to approximately 16.7 million shares of common stock had been issued under the SIP. Total compensation cost related to unvested RSUs not yet recognized was approximately $42,721,000 at December 31, 2019 and is expected to be recognized over approximately the next three years. In January 2020, the Company granted approximately 0.5 million RSUs under the SIP with a grant date fair value of approximately $33,909,000 which generally vest over a four-year period.
Restricted Stock Units
Vested Restricted Stock Unit Grants
The Company grants awards of vested RSUs to the non-management directors of the Company pursuant to the SIP. The directors are entitled to receive delivery of the underlying common stock on the third anniversary of the date of grant. Dividends declared during the period are paid to the directors in cash. In connection with the grant of these vested RSUs, the Company recorded non-cash stock-based compensation expense of approximately $614,000, $626,000 and $618,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Unvested Restricted Stock Unit Grants
From time to time, the Company grants awards of unvested RSUs to certain employees pursuant to the SIP. The fair value at the date of grant is expensed on a straight-line basis over the applicable service periods, which is generally four years. Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The Company recorded stock-based compensation expense, net of forfeitures, of approximately $4,443,000, $4,216,000 and $3,957,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Incentive Bonus Plans for Employees of the Company
The Company has implemented a program for employees which, based upon compensation levels, automatically allocates a portion of their year-end bonuses in the form of unvested RSUs (Mandatory Program). Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The RSUs under the Mandatory Program will generally vest and be delivered ratably over four years and the dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The fair value at the date of grant of the RSUs under the Mandatory Program is expensed on a straight-line basis over the vesting period. The Company recorded stock-based


F-25



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


compensation under the Mandatory Program, net of forfeitures, of approximately $22,637,000, $19,710,000 and $17,670,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
The following table sets forth activity relating to the Company’s RSUs under the SIP (share data in thousands):
 
Vested Restricted Stock Unit Grants
 
Unvested Restricted Stock Unit Grants
 
Incentive Bonus Plans Restricted Stock Unit Grants
(in thousands, except per share data)
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
Balance at January 1, 2017
34

 
$
37.15

 
307

 
$
33.62

 
1,399

 
$
34.22

Granted
16

 
38.14

 
151

 
35.45

 
714

 
35.36

Delivered
(8
)
 
40.03

 
(140
)
 
34.41

 
(523
)
 
34.80

Forfeited
—

 
—

 
—

 
—

 
(40
)
 
33.87

Balance at December 31, 2017
42

 
36.98

 
318

 
34.14

 
1,550

 
34.60

Granted
15

 
38.29

 
134

 
39.02

 
757

 
39.42

Delivered
(12
)
 
34.95

 
(146
)
 
35.13

 
(539
)
 
34.94

Forfeited
—

 
—

 
—

 
—

 
(23
)
 
37.16

Balance at December 31, 2018
45

 
37.93

 
306

 
35.80

 
1,745

 
36.55

Granted
22

 
50.29

 
132

 
40.97

 
763

 
39.92

Delivered
(13
)
 
37.61

 
(131
)
 
35.46

 
(601
)
 
36.30

Forfeited
—

 
—

 
(5
)
 
38.15

 
(33
)
 
38.31

Balance at December 31, 2019
54

 
44.06

 
302

 
38.78

 
1,874

 
38.38

 
Employee Stock Purchase Plan
Pursuant to the Amended and Restated Employee Stock Purchase Plan (ESPP), the Company allows eligible employees, as defined in the ESPP, to purchase common stock at a 15% discount from fair market value up to a maximum of $25,000 in annual aggregate purchases by any one individual. The number of shares of common stock authorized for purchase by eligible employees is 600,000. As of December 31, 2019, the Company had issued approximately 431,000 shares of common stock under the ESPP. For all three years ended December 31, 2019, 2018 and 2017, approximately 18,000 were purchased by eligible employees through the ESPP. For the years ended December 31, 2019, 2018 and 2017, the Company recorded a non-cash stock-based compensation expense of approximately $131,000, $105,000 and $112,000, respectively, which represents the discount on the shares issued pursuant to this plan. The ESPP will terminate upon the earliest to occur of (1) termination of the ESPP by the board of directors or (2) issuance of all of the shares reserved for issuance under the ESPP. The board of directors is authorized to increase the number of shares available for issuance under the ESPP, subject to shareholder approval.


F-26



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


10. 401(k) and Profit-Sharing Plan
The Company sponsors a profit-sharing plan (the Plan) covering all employees who meet certain age and service requirements. Subject to limitations, the Plan permits participants to defer up to 100% of their eligible compensation pursuant to Section 401(k) of the Internal Revenue Code. Employee contributions are matched by the Company at $0.50 per $1.00 deferred. The Plan also allows the Company to make discretionary contributions, which are integrated with the taxable wage base under the Social Security Act. No discretionary contributions were made for the years ended December 31, 2019, 2018 and 2017.
Forfeitures occur when participants terminate employment before becoming entitled to their full benefits under the Plan. In accordance with the Plan document, forfeited amounts are used to reduce the Company’s contributions to the Plan or to pay Plan expenses. Forfeitures for the years ended December 31, 2019, 2018 and 2017 totaled approximately $131,000, $101,000 and $128,000, respectively.
Matching contributions, net of forfeitures, to the Plan for the years ended December 31, 2019, 2018 and 2017 totaled approximately $2,057,000, $1,770,000 and $1,715,000, respectively.
11. Related Party Transactions
The Company is an investment adviser to, and has administration agreements with, affiliated funds for which certain employees are officers and/or directors.
The following table summarizes the amount of revenue the Company earned from these affiliated funds:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment advisory and administration fees (1)
$
264,116

 
$
241,255

 
$
236,832

Distribution and service fees
30,048

 
29,090

 
30,747

Total
$
294,164

 
$
270,345

 
$
267,579

_________________________
(1)
Investment advisory and administration fees are reflected net of fund reimbursements of $11.1 million, $8.6 million and $8.7 million for and the years ended December 31, 2019, 2018 and 2017, respectively. Amounts for the years ended December 31, 2017 have been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018.
The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Proceeds from sales
$
37,326

 
$
10,872

 
$
15,105

Gross realized gains
241

 
28

 
80

Gross realized losses
(907
)
 
(4,448
)
 
—

Dividend income
52

 
481

 
675


Included in accounts receivable at December 31, 2019 and 2018 are receivables due from Company-sponsored funds of approximately $27,725,000 and $22,560,000, respectively. Included in accounts payable at December 31, 2019 and December 31, 2018 are payables due to Company-sponsored funds of approximately $1,498,000 and $845,000, respectively.


F-27



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


12. Regulatory Requirements
CSS, a registered broker-dealer in the U.S., is subject to the SEC’s Uniform Net Capital Rule 15c3-1 (the Rule), which requires that broker-dealers maintain a minimum level of net capital, as prescribed by the Rule. At December 31, 2019, CSS had net capital of approximately $3.5 million, which exceeded its requirements by approximately $3.3 million. The Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital of a broker-dealer is less than the amount required under the Rule and requires prior notice to the SEC for certain withdrawals of capital. CSS does not carry customer accounts and is exempt from SEC Rule 15c3-3 pursuant to provisions (k)(1) and (k)(2)(i) of such rule. During 2019, the Company made a capital contribution of $3.0 million to CSS.
CSAL is subject to regulation by the Hong Kong Securities and Futures Commission. At December 31, 2019, CSAL had regulatory capital of approximately $10.4 million, which exceeded its minimum regulatory capital requirement by approximately $10.0 million. During 2019, CSAL paid dividends totalling $32.5 million to its parent, CSCM.
CSUK is subject to regulation by the United Kingdom Financial Conduct Authority. At December 31, 2019, CSUK had regulatory capital of approximately $38.2 million, which exceeded its minimum regulatory capital requirement by approximately $32.5 million.
CSJL is registered with the Financial Services Agency of Japan and the Kanto Local Finance Bureau and is subject to the Financial Instruments and Exchange Act. In accordance with its license, CSJL is required to maintain regulatory capital, as defined, of approximately $460,000. At December 31, 2019, CSJL had stated capital in excess of this requirement.
CSIL is an Irish registered company. The Company has applied for a license to conduct regulated business in Ireland.
13. Commitments and Contingencies
From time to time, the Company is involved in legal matters relating to claims arising in the ordinary course of business. There are currently no such matters pending that the Company believes could have a material adverse effect on its consolidated results of operations, cash flows or financial position.
The Company periodically commits to fund a portion of the equity in certain of its sponsored investment products. The Company has committed to co-invest up to $5.1 million alongside GRP-TE, a portion of which is made through GRP-TE and the remainder of which is made through Cohen & Steers Co-Investment Partnership, L.P. (GRP-CIP) for up to 12 years through the life of GRP-TE. At December 31, 2019, the Company has funded approximately $3.8 million with respect to this commitment. The actual timing for funding the unfunded portion of this commitment is currently unknown, as the drawdown of the Company’s unfunded commitment is contingent on the timing of drawdowns by the underlying funds in which GRP-TE and GRP-CIP invest. At December 31, 2019, the unfunded commitment was not recorded on the Company’s consolidated statements of financial condition.


F-28



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


14. Income Taxes
The income before provision for income taxes and provision for income taxes are as follows:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Income before provision for income taxes - U.S. (1)
$
171,497

 
$
132,838

 
$
149,338

Income before provision for income taxes - Non-U.S.
16,052

 
10,941

 
11,062

Total income before provision for income taxes
$
187,549

 
$
143,779

 
$
160,400

_________________________
(1)    Included income of $12.4 million, loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2019, 2018 and 2017, respectively.
 
 
 
 
 
 
Current tax expense:
 

 
 

 
 

U.S. federal
$
30,818

 
$
26,223

 
$
58,082

State and local
7,627

 
7,378

 
8,155

Non-U.S.
2,024

 
2,029

 
1,991

 
40,469

 
35,630

 
68,228

Deferred tax (benefit) expense:
 

 
 

 
 

U.S. federal
(133
)
 
(748
)
 
(428
)
State and local
(74
)
 
(281
)
 
(412
)
Non-U.S.
303

 
(344
)
 
526

 
96

 
(1,373
)
 
(314
)
Provision for income taxes
$
40,565

 
$
34,257

 
$
67,914

 
In connection with the enactment of the Tax Cuts and Jobs Act (the Tax Act), the Company recorded a provisional transition tax of $8.4 million at December 31, 2017, which reflected a one-time tax on deemed repatriated accumulated earnings and profits of the Company’s foreign subsidiaries. Based on refinement of the calculation, the Company adjusted its transition tax liability from $8.4 million at December 31, 2017 to $8.3 million during the second quarter of 2018. The transition tax, which is payable over eight years on an interest-free basis, was included as part of income tax payable on the Company's consolidated statements of financial condition at December 31, 2019 and December 31, 2018.
The transition tax liability is as follows:
Year Ending December 31,
Transition Tax Liability
2020
$
192

2021
665

2022
665

2023
1,246

2024
1,662

2025
2,077

 
$
6,507







F-29



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


In addition to the transition tax, the Tax Act requires certain income earned by foreign subsidiaries, referred to as global intangible low-taxed income (GILTI), be included in the U.S. taxable income of the parent company. GILTI requires an accounting policy election to either (1) treat taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred or (2) factor such amounts into the measurement of deferred taxes. The Company has made an accounting policy election to account for any additional tax resulting from the GILTI provisions in the year in which it is incurred. Based upon its calculation, the Company was not required to record any additional income tax expense attributable to the GILTI provisions for the year ended December 31, 2019.
Deferred income taxes represent the tax effects of the temporary differences between book and tax bases and are measured using enacted tax rates that will be in effect when such items are expected to reverse. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
Significant components of the Company’s net deferred income tax asset consist of the following:
 
At December 31,
(in thousands)
2019
 
2018
Deferred income tax assets (liabilities):
 
 
 
Stock-based compensation
$
5,310

 
$
4,915

Realized losses on investments
4,218

 
1,539

Dividend equivalents on unvested restricted stock units
1,725

 
1,734

Net unrealized (gains) losses on investments
(1,632
)
 
2,512

Deferred compensation
290

 
78

Deferred rent
1,205

 
1,452

Other
(824
)
 
(760
)
Subtotal
10,292

 
11,470

Less: valuation allowance
(3,201
)
 
(4,270
)
Deferred income tax asset—net
$
7,091

 
$
7,200


The Company had capital loss carryforwards of approximately $17,027,000 and $6,181,000 for the years ended December 31, 2019 and 2018 which, if unused, will expire in years 2020 to 2024. The valuation allowance on the net deferred income tax asset decreased by approximately $1,069,000 during the year ended December 31, 2019.
At December 31, 2019, the Company had approximately $12,880,000 of total gross unrecognized tax benefits. Of this total, approximately $9,830,000 (net of the federal benefit on state issues) represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the Company’s effective tax rate in future periods. The Company believes it is reasonably possible that it will reduce its net unrecognized tax benefits by $5,974,000 within the next twelve months due to the expected conclusion of jurisdictional reviews and the lapse of the statute of limitations on certain positions.


F-30



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
(in thousands)
Liability for Unrecognized Tax Benefits
Gross unrecognized tax benefits balance at January 1, 2017
$
7,852

Addition for tax positions of current year
1,724

Addition for tax positions of prior years
6,624

Reduction of tax positions from prior years
(3,794
)
Gross unrecognized tax benefits balance at December 31, 2017
$
12,406

Addition for tax positions of current year
2,233

Reduction of tax positions from prior years
(2,602
)
Gross unrecognized tax benefits balance at December 31, 2018
$
12,037

Addition for tax positions of current year
2,430

Addition for tax positions of prior years
133

Reduction of tax positions from prior years
(1,720
)
Gross unrecognized tax benefits balance at December 31, 2019
$
12,880


The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes. At December 31, 2019 and 2017, the Company had approximately $3,179,000 and $2,519,000, respectively, in potential interest and penalties associated with uncertain tax positions.
The tax years 2013 through 2019 remain open to examination by various taxing jurisdictions.
A reconciliation of the Company’s statutory federal income tax rate and the effective tax rate is as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
U.S. statutory tax rate
21.0
 %
 
21.0
 %
 
35.0
 %
State and local income taxes, net of federal income taxes
3.4
 %
 
3.8
 %
 
3.1
 %
Unrecognized tax benefit adjustments
(1.0
)%
 
(1.0
)%
 
(1.9
)%
Foreign operations tax differential
(0.5
)%
 
0.3
 %
 
(1.4
)%
Non-deductible (gains) losses on investments
(1.6
)%
 
0.2
 %
 
0.2
 %
Non-taxable (gains) losses on investments
0.9
 %
 
0.1
 %
 
(0.2
)%
Tax Act
—
 %
 
(0.1
)%
 
8.0
 %
Other
1.0
 %
 
(1.2
)%
 
(0.3
)%
Effective income tax rate
23.2
 %
 
23.1
 %
 
42.5
 %

15. Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill and intangible assets:
(in thousands)
Goodwill
 
Finite-Lived Intangible
Assets
 
Indefinite-Lived
Intangible Assets
Balance at January 1, 2018
$
19,034

 
$
95

 
$
1,250

Currency revaluation
(533
)
 
—

 
—

Amortization
N/A

 
(95
)
 
N/A

Balance at December 31, 2018
$
18,501

 
$
—

 
$
1,250

Currency revaluation
(191
)
 
—

 
—

Amortization
N/A

 
—

 
N/A

Balance at December 31, 2019
$
18,310

 
$
—

 
$
1,250

 


F-31



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The following table summarizes the Company’s intangible assets:
(in thousands)
Remaining
Amortization
Period
(in months)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Intangible
Assets, Net
2019
 
 
 
 
 
 
 
Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
$
1,250

 
$
—

 
$
1,250

2018
 
 
 
 
 
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
Client relationships
—
 
$
1,543

 
$
(1,543
)
 
$
—

Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
1,250

 
—

 
1,250

Total
 
 
$
2,793

 
$
(1,543
)
 
$
1,250



Amortization expense related to the intangible assets was approximately $95,000 and $89,000 for the years ended December 31, 2018 and 2017, respectively.
16. Leases

The Company has operating leases for corporate offices and certain information technology equipment.
The following table summarizes the Company's lease cost included in general and administrative expense in the consolidated statements of operations:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Operating lease cost
$
11,495

 
$
11,552

 
$
11,334


Supplemental cash flow information related to operating leases is summarized below:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Cash paid for amounts included in the measurement of lease liabilities
$
12,365

 
$
11,709

 
$
11,579

Right-of-use assets obtained in exchange for new lease liabilities
—

 
614

 
—


Other information related to operating leases is summarized below:
 
Years Ended December 31,
 
2019
 
2018
 
2017
Weighted-average remaining lease term (years)
4

 
5

 
6

Weighted-average discount rate
2.8
%
 
2.8
%
 
2.8
%



F-32



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


The following table summarizes the maturities of lease liabilities at December 31, 2019 (in thousands):
Year Ending December 31,
Operating Leases
2020
$
11,933

2021
11,184

2022
10,882

2023
10,855

2024
963

Total remaining undiscounted lease payments
45,817

Less: imputed interest
2,468

Total remaining discounted lease payments
$
43,349


17. Concentration of Credit Risk
The Company’s cash and cash equivalents are principally on deposit with major financial institutions. The Company is subject to credit risk should these financial institutions be unable to fulfill their obligations.
The following affiliated funds and third-party institutional separate account subadvisory relationship, which is comprised of multiple accounts, provided 10% or more of the total revenue of the Company:
 
Years Ended December 31,
(in thousands, except percentages)
2019
 
2018
 
2017
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX):
 
 
 
 
 
Investment advisory and administration fees
$
56,638

 
$
53,059

 
$
53,594

Distribution and service fees
12,753

 
13,525

 
14,744

Total
$
69,391

 
$
66,584

 
$
68,338

Percent of total revenue
16.9
%
 
17.5
%
 
18.0
%
 
 
 
 
 
 
Cohen & Steers Real Estate Securities Fund, Inc. (CSI):
 
 
 
 
 
Investment advisory and administration fees
$
41,971

 
$
31,759

 
$
27,033

Distribution and service fees
8,128

 
6,841

 
7,662

Total
$
50,099

 
$
38,600

 
$
34,695

Percent of total revenue
12.2
%
 
10.1
%
 
9.2
%
 
 
 
 
 
 
Cohen & Steers Realty Shares, Inc. (CSR):
 
 
 
 
 
Investment advisory and administration fees
$
32,884

 
$
33,827

 
$
38,392

Distribution and service fees
4,079

 
4,032

 
4,602

Total
$
36,963

 
$
37,859

 
$
42,994

Percent of total revenue
9.0
%
 
9.9
%
 
11.4
%
 
 
 
 
 
 
Daiwa Asset Management:
 
 
 
 
 
Investment advisory fees
$
31,957

 
$
33,454

 
$
40,791

Percent of total revenue
7.8
%
 
8.8
%
 
10.8
%




F-33



COHEN & STEERS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)


18. Selected Quarterly Financial Data (unaudited)
The following table presents selected quarterly financial data:
 
Quarter
(in thousands, except per share data)
1st
2nd
3rd
4th
Total
2019
 
 
 
 
 
Revenue
$
94,226

$
101,792

$
104,965

$
109,847

$
410,830

Operating income
35,435

38,104

40,133

46,462

160,134

Net income attributable to common stockholders
32,543

31,333

34,017

36,728

134,621

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.69

0.66

0.72

0.78

2.85

Diluted
0.68

0.65

0.70

0.75

2.79

Weighted-average shares outstanding:
 

 

 

 

 

Basic
47,146

47,304

47,316

47,324

47,273

Diluted
47,642

48,175

48,412

48,703

48,297

 
 
 
 
 
 
2018
 

 

 

 

 

Revenue
$
94,464

$
94,410

$
98,331

$
93,906

$
381,111

Operating income
37,219

36,287

39,223

34,309

147,038

Net income attributable to common stockholders
27,586

29,959

30,790

25,561

113,896

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.59

0.64

0.66

0.55

2.43

Diluted
0.59

0.63

0.65

0.54

2.40

Weighted-average shares outstanding:
 

 

 

 

 

Basic
46,683

46,819

46,830

46,842

46,794

Diluted
47,152

47,311

47,524

47,562

47,381



19. Subsequent Events
The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. Other than the items described below, the Company determined that there were no additional subsequent events that require disclosure and/or adjustment.
On February 20, 2020, CNS declared a quarterly dividend on its common stock in the amount of $0.39 per share. This dividend will be payable on March 12, 2020 to stockholders of record at the close of business on March 2, 2020.


F-34
 EX-4.3 2 cns10-kx123119ex43.htm DESCRIPTION OF SECURITIES Exhibit


Exhibit 4.3
DESCRIPTION OF SECURITIES
Our authorized capital stock consists of 500,000,000 shares of common stock, par value $0.01 per share, and 50,000,000 shares of preferred stock. The following description of our capital stock is a summary and is qualified in its entirety by reference to our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws, the forms of which are filed as exhibits to this Annual Report on Form 10-K, and by applicable law. When we use the terms “we,” “us,” and “our,” we mean Cohen & Steers, Inc., a Delaware corporation, and its consolidated subsidiaries.
Common Stock
All outstanding shares of our common stock are, and all shares of common stock to be outstanding immediately following this offering will be, fully paid and nonassessable.
Holders of our common stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders.
Holders of our common stock are entitled to receive dividends when and if declared by our board of directors out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock.
Upon our dissolution or liquidation or the sale of all or substantially all of our assets, after payment in full of all amounts required to be paid to creditors and to the holders of preferred stock having liquidation preferences, if any, the holders of our common stock will be entitled to receive pro rata our remaining assets available for distribution.
Holders of our common stock do not have preemptive, subscription, redemption or conversion rights.
Preferred Stock
Our Amended and Restated Certificate of Incorporation authorizes our board of directors to establish one or more series of preferred stock (including convertible preferred stock). Unless required by law or by any stock exchange, the authorized shares of preferred stock will be available for issuance without further action by our stockholders. Our board of directors is able to determine, with respect to any series of preferred stock, the terms and rights of that series, including:
•the designation of the series;
•
the number of shares of the series, which our board of directors may, except where otherwise provided in the preferred stock designation, increase or decrease, but not below the number of shares then outstanding;
•whether dividends, if any, will be cumulative or non-cumulative and the dividend rate of the series;
•the dates at which dividends, if any, will be payable;
•the redemption rights and price or prices, if any, for shares of the series;
•the terms and amounts of any sinking fund provided for the purchase or redemption of shares of the series;
•
the amounts payable on shares of the series in the event of any voluntary or involuntary liquidation, dissolution or winding-up of our affairs;
•
whether the shares of the series will be convertible into shares of any other class or series, or any other security, of us or any other corporation, and, if so, the specification of the other class or series or other security, the conversion price or prices or rate or rates, any rate adjustments, the date or dates as of which the shares will be convertible and all other terms and conditions upon which the conversion may be made;
•restrictions on the issuance of shares of the same series or of any other class or series; and
•the voting rights, if any, of holders of the series.
We have no intention at the present time of issuing any preferred stock, and would make any determination to issue preferred stock only based on our judgment as to our best interests and the best interests of our stockholders. Moreover, our policy is that we would only issue preferred stock for capital raising purposes and would not issue preferred stock with voting or other rights that are disproportionate to the economic interests of such preferred stock. Nevertheless, we could issue a series of preferred stock that could, depending on the terms of the series, impede or discourage an acquisition attempt or other

        
        

transaction that some, or a majority, of stockholders might believe to be in their best interests or in which they might receive a premium for their common stock over the market price of the common stock.
Authorized but Unissued Capital Stock
Delaware law does not require stockholder approval for any issuance of authorized shares. However, the listing requirements of the New York Stock Exchange, which would apply so long as the common stock remains listed on the New York Stock Exchange, require stockholder approval of certain issuances equal to or exceeding 20% of the then outstanding voting power or then outstanding number of shares of common stock. These additional shares may be used for a variety of corporate purposes, including future public offerings, to raise additional capital or to facilitate acquisitions.
One of the effects of the existence of unissued and unreserved common stock or preferred stock may be to enable our board of directors to issue shares to persons friendly to current management, which issuance could render more difficult or discourage an attempt to obtain control of us by means of a merger, tender offer, proxy contest or otherwise, and thereby protect the continuity of our management and possibly deprive the stockholders of opportunities to sell their shares of common stock at prices higher than prevailing market prices.
Anti-Takeover Effects of Provisions of Delaware Law
We are a Delaware corporation subject to Section 203 of the Delaware General Corporation Law. Section 203 provides that, subject to certain exceptions specified in the law, a Delaware corporation shall not engage in certain “business combinations” with any “interested stockholder” for a three-year period following the time that the stockholder became an interested stockholder unless:
•
prior to such time, our board of directors approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;
•
upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding certain shares; or
•
at or subsequent to that time, the business combination is approved by our board of directors and by the affirmative vote of holders of at least 66 2⁄3% of the outstanding voting stock that is not owned by the interested stockholder.
Generally, a business combination includes a merger, asset or stock sale or other transaction resulting in a financial benefit to the interested stockholder. Subject to certain exceptions, an interested stockholder is a person who, together with that person’s affiliates and associates, owns, or within the previous three years did own, 15% or more of our voting stock.
Under certain circumstances, Section 203 makes it more difficult for a person who would be an interested stockholder to effect various business combinations with a corporation for a three-year period. The provisions of Section 203 may encourage companies interested in acquiring us to negotiate in advance with our board of directors because the stockholder approval requirement would be avoided if our board of directors approves either the business combination or the transaction that results in the stockholder becoming an interested stockholder. These provisions also may make it more difficult to accomplish transactions that stockholders may otherwise deem to be in their best interests.
Listing
Our common stock is listed on the New York Stock Exchange under the symbol “CNS.”
Transfer Agent and Registrar
The transfer agent and registrar for our common stock is Computershare Trust Company N.A.



 EX-21.1 3 cns10k-123119ex211.htm SUBSIDIARIES OF THE REGISTRANT Exhibit


Exhibit 21.1
LIST OF SUBSIDIARIES
 
Name of Subsidiary
State/Territory
of
Organization
Cohen & Steers Capital Management, Inc.
New York
Cohen & Steers Securities, LLC
Delaware
Cohen & Steers Asia Limited
Hong Kong
Cohen & Steers UK Limited
United Kingdom
Cohen & Steers Japan, LLC
Delaware
Cohen & Steers Japan Limited
Japan
Cohen & Steers Ireland Limited
Ireland



 EX-23.1 4 cns10k-123119ex231.htm CONSENT OF DELOITTE & TOUCHE LLP Exhibit


Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the incorporation by reference in the Registration Statements listed below of our report dated February 28, 2020, relating to the consolidated financial statements and financial statement schedules of Cohen & Steers, Inc. and subsidiaries (the Company), and the effectiveness of the Company's internal control over financial reporting, appearing in this Annual Report on Form 10-K of the Company for the year ended December 31, 2019 and to the reference to us under the heading "Experts" in the Prospectus, which is part of this Registration Statement.

Form
Registration
Statement No.
Description
S-8
333-118972
Cohen & Steers, Inc. 2004 Stock Incentive Plan
Cohen & Steers, Inc. 2004 Employee Stock Purchase Plan
S-8
333-161228
Amended and Restated Cohen & Steers, Inc. 2004 Stock Incentive Plan
S-8
333-195282
Amended and Restated Cohen & Steers, Inc. Stock Incentive Plan
Cohen & Steers, Inc. Amended and Restated Employee Stock Purchase Plan
S-3
333-224782
Cohen & Steers, Inc. Registration Statement under the Securities Act of 1933
S-8
333-218379
Amended and Restated Cohen & Steers, Inc. Stock Incentive Plan
/s/    DELOITTE & TOUCHE LLP
New York, New York
February 28, 2020


EX-31.1 5 cns10k-123119ex311.htm CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 Exhibit


Exhibit 31.1
CHIEF EXECUTIVE OFFICER CERTIFICATION
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Robert H. Steers, certify that:
1.
I have reviewed this Annual Report on Form 10-K for the period ended December 31, 2019 of Cohen & Steers, Inc. (the Registrant);
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;
4.
The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5.
The Registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.
 
Dated:
February 28, 2020
    
/s/ Robert H. Steers
 
 
    
Robert H. Steers
 
 
    
Chief Executive Officer



 EX-31.2 6 cns10k-123119ex312.htm CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 Exhibit


Exhibit 31.2
CHIEF FINANCIAL OFFICER CERTIFICATION
AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002
I, Matthew S. Stadler, certify that:
1.
I have reviewed this Annual Report on Form 10-K for the period ended December 31, 2019 of Cohen & Steers, Inc. (the Registrant);
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;
4.
The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:
a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)
Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)
Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and
5.
The Registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):
a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and
b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.
 
Dated:
February 28, 2020
    
/s/ Matthew S. Stadler
 
 
    
Matthew S. Stadler
 
 
    
Executive Vice President & Chief Financial Officer



 EX-32.1 7 cns10k-123119ex321.htm CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 Exhibit


Exhibit 32.1
CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 10-K for the period ended December 31, 2019 (the Report) of Cohen & Steers, Inc. (the Company) as filed with the Securities and Exchange Commission on the date hereof, I, Robert H. Steers, Chief Executive Officer of the Company, hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act); and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Dated:
February 28, 2020
    
/s/ Robert H. Steers
 
 
    
Robert H. Steers
 
 
    
Chief Executive Officer
This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purposes of Section 18 of the Exchange Act. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.



EX-32.2 8 cns10k-123119ex322.htm CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 Exhibit


Exhibit 32.2
CERTIFICATION OF THE CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
In connection with the Annual Report on Form 10-K for the period ended December 31, 2019 (the Report) of Cohen & Steers, Inc. (the Company) as filed with the Securities and Exchange Commission on the date hereof, I, Matthew S. Stadler, Chief Financial Officer of the Company, hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1)
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act); and
(2)
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
 
Dated:
February 28, 2020
    
/s/ Matthew S. Stadler
 
 
    
Matthew S. Stadler
 
 
    
Executive Vice President & Chief Financial Officer
This certification accompanies the Report pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not, except to the extent required by such Act, be deemed filed by the Company for purposes of Section 18 of the Exchange Act. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent that the Company specifically incorporates it by reference.



EX-101.SCH 9 cns-20191231.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2112100 - Disclosure - 401(k) and Profit-Sharing Plan link:presentationLink link:calculationLink link:definitionLink 2412401 - Disclosure - 401(k) and Profit-Sharing Plan (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 2415401 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:calculationLink link:definitionLink 2117100 - Disclosure - Concentration of Credit Risk link:presentationLink link:calculationLink link:definitionLink 2417402 - Disclosure - Concentration of Credit Risk (Details) link:presentationLink link:calculationLink link:definitionLink 2317301 - Disclosure - Concentration of Credit Risk (Tables) link:presentationLink link:calculationLink link:definitionLink 1005000 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1005501 - Statement - Consolidated Statements of Cash Flows (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest link:presentationLink link:calculationLink link:definitionLink 1004001 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Statements of Financial Condition link:presentationLink link:calculationLink link:definitionLink 1001001 - Statement - Consolidated Statements of Financial Condition (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Derivatives link:presentationLink link:calculationLink link:definitionLink 2408402 - Disclosure - Derivatives (Details) link:presentationLink link:calculationLink link:definitionLink 2308301 - Disclosure - Derivatives (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information Document link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - Earnings Per Share link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - Earnings Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - Earnings Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Fair Value link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - Fair Value (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - Fair Value (Tables) link:presentationLink link:calculationLink link:definitionLink 2115100 - Disclosure - Goodwill and Intangible Assets link:presentationLink link:calculationLink link:definitionLink 2415404 - Disclosure - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2415402 - Disclosure - Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 2415403 - Disclosure - Goodwill and Intangible Assets - Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 2315301 - Disclosure - Goodwill and Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Income Taxes - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2416406 - Disclosure - Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details) link:presentationLink link:calculationLink link:definitionLink 2416405 - Disclosure - Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Income Taxes - Schedule of Income before Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2416407 - Disclosure - Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Income Taxes (Tables) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Investments link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - Investments (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - Investments (Tables) link:presentationLink link:calculationLink link:definitionLink 2406403 - Disclosure - Investments Variable Interest Entity (Details) link:presentationLink link:calculationLink link:definitionLink 2116100 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 2416402 - Disclosure - Leases - Schedule of Lease Cost (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Leases - Schedule of Lease Liability Maturity (Details) link:presentationLink link:calculationLink link:definitionLink 2416404 - Disclosure - Leases - Schedule of Lease Liability Maturity (Details) link:presentationLink link:calculationLink link:definitionLink 2416403 - Disclosure - Leases - Schedule of Operating Leases, Other Information (Details) link:presentationLink link:calculationLink link:definitionLink 2316301 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Property and Equipment link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - Property and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - Property and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 2114100 - Disclosure - Regulatory Requirements link:presentationLink link:calculationLink link:definitionLink 2414401 - Disclosure - Regulatory Requirements (Details) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 2413402 - Disclosure - Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink 2313301 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - Revenue (Details) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - Revenue Revenue link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 2118100 - Disclosure - Selected Quarterly Financial Data (unaudited) link:presentationLink link:calculationLink link:definitionLink 2418402 - Disclosure - Selected Quarterly Financial Data (unaudited) (Details) link:presentationLink link:calculationLink link:definitionLink 2318301 - Disclosure - Selected Quarterly Financial Data (unaudited) (Tables) link:presentationLink link:calculationLink link:definitionLink 2111100 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 2311301 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 2411403 - Disclosure - Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details) link:presentationLink link:calculationLink link:definitionLink 2411402 - Disclosure - Stock-Based Compensation Vested RSUs (Details) link:presentationLink link:calculationLink link:definitionLink 2119100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 2419401 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 2402404 - Disclosure - Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details) link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Summary of Significant Accounting Policies Operating Leases (Details) link:presentationLink link:calculationLink link:definitionLink 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 cns-20191231_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 11 cns-20191231_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 12 cns-20191231_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Goodwill and Intangible Assets Disclosure [Abstract] Schedule of Finite-Lived Intangible Assets [Table] Schedule of Finite-Lived Intangible Assets [Table] Indefinite-lived Intangible Assets [Axis] Indefinite-lived Intangible Assets [Axis] Indefinite-lived Intangible Assets, Major Class Name [Domain] Indefinite-lived Intangible Assets, Major Class Name [Domain] Client Relationships Customer Relationships [Member] Fund Management Contracts Member Fund Management Contracts Member [Member] Fund Management Contracts Member [Member] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets [Line Items] Client relationships, Gross Carrying Amount Finite-Lived Intangible Assets, Gross Client relationships, Accumulated Amortization Finite-Lived Intangible Assets, Accumulated Amortization Client relationships, Net Finite-Lived Intangible Assets, Net Fund management contracts Indefinite-lived Intangible Assets (Excluding Goodwill) Intangible assets—net Intangible Assets, Net (Excluding Goodwill) Quarterly Financial Information Disclosure [Abstract] Revenues Revenues Operating income (loss) Operating Income (Loss) Net income attributable to common stockholders Net Income (Loss) Attributable to Parent Earnings per share attributable to common stockholders: Earnings Per Share [Abstract] Basic (in dollars per share) Earnings Per Share, Basic Diluted (in dollars per share) Earnings Per Share, Diluted Weighted-average shares outstanding: Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Basic (shares) Weighted Average Number of Shares Outstanding, Basic Diluted (shares) Weighted Average Number of Shares Outstanding, Diluted Investments [Abstract] Summary of Investment Holdings Summary Investment Holdings [Table Text Block] Gain (Loss) on Investments Gain (Loss) on Securities [Table Text Block] Schedule of Variable Interest Entities Schedule of Variable Interest Entities [Table Text Block] Accounting Policies [Abstract] Recently Adopted Accounting Pronouncements New Accounting Pronouncements Adopted [Policy Text Block] New Accounting Pronouncements Adopted [Policy Text Block] Accounting Estimates Use of Estimates, Policy [Policy Text Block] Reclassifications [Text Block] Reclassifications [Text Block] Consolidation of Company-sponsored Funds Consolidation, Policy [Policy Text Block] Cash and Cash Equivalents Cash and Cash Equivalents, Policy [Policy Text Block] Due from/to Brokers Industry Specific Policies, Broker Dealer [Policy Text Block] Investments Investment, Policy [Policy Text Block] Goodwill and Intangible Assets Goodwill and Intangible Assets, Policy [Policy Text Block] Redeemable Noncontrolling Interest Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block] Investment Advisory and Administration Fees Management and Investment Advisory Fees, Policy [Policy Text Block] Distribution and Service Fee Revenue Distribution and Service Fee Revenue [Policy Text Block] Distribution and Service Fee Revenue [Policy Text Block] Distribution and Service Fee Expense Distribution and Service Fee Expense [Policy Text Block] Distribution and Service Fee Expense [Policy Text Block] Stock-based Compensation Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Income Taxes Income Tax, Policy [Policy Text Block] Currency Translation and Transactions Foreign Currency Transactions and Translations Policy [Policy Text Block] Comprehensive Income Comprehensive Income, Policy [Policy Text Block] Recently Issued Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Valuation Techniques Fair Value of Financial Instruments, Policy [Policy Text Block] Schedule of Variable Interest Entities [Table] Schedule of Variable Interest Entities [Table] Variable Interest Entities [Axis] Variable Interest Entities [Axis] Variable Interest Entity, Classification [Domain] Variable Interest Entity, Classification [Domain] SICAV RAP Cohen & Steers SICAV Diversified Real Assets Fund [Member] Cohen & Steers SICAV Diversified Real Assets Fund [Member] GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member] GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member] GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member] GLI SICAV The Cohen & Steers SICAV Global Listed Infrastructure Fund [Member] The Cohen & Steers SICAV Global Listed Infrastructure Fund [Member] GRP-CIP Cohen & Steers Co-Investment Partnership [Member] Cohen & Steers Co-Investment Partnership [Member] SICAV Preferred Cohen & Steers SICAV Global Preferred Securities Fund [Member] Cohen & Steers SICAV Global Preferred Securities Fund [Member] SICAV GRE Cohen & Steers SICAV Global Real Estate Fund [Member] Cohen & Steers SICAV Global Real Estate Fund [Member] GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member] GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member] GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member] [Member] Variable Interest Entity [Line Items] Variable Interest Entity [Line Items] Investments Investments Due from brokers Receivables from Brokers-Dealers and Clearing Organizations Other assets Other Assets Total assets Assets Due to brokers Payables to Broker-Dealers and Clearing Organizations Other liabilities and accrued expenses Other Liabilities Total liabilities Liabilities Earnings Per Share Earnings Per Share [Text Block] Risks and Uncertainties [Abstract] Schedules of Concentration of Risk, by Risk Factor Schedules of Concentration of Risk, by Risk Factor [Table Text Block] Amortization expense related to intangible assets Amortization of Intangible Assets Income Tax Disclosure [Abstract] Stock-based compensation Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost Realized losses on investments Deferred Tax Assets, Operating Loss Carryforwards Dividend equivalents on unvested restricted stock units Deferred Tax Assets, Dividend Equivalents on Unvested Restricted Stock Units Deferred Tax Assets, Dividend Equivalents on Unvested Restricted Stock Units Net unrealized (gains) losses on investments Deferred Tax Liabilities, Unrealized Gains on Trading Securities Net unrealized (gains) losses on investments Deferred Tax Assets, Unrealized Losses on Trading Securities Deferred compensation Deferred Tax liability, Tax Deferred Expense, Compensation and Benefits, Deferred Compensation Deferred Tax liability, Tax Deferred Expense, Compensation and Benefits, Deferred Compensation Lease liabilities Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Deferred Rent Other Deferred Tax Assets (Liabilities), Other Adjustments Deferred Tax Assets (Liabilities), Other Adjustments Subtotal Deferred Tax Assets (Liabilities), Gross Deferred Tax Assets (Liabilities), Gross Less: valuation allowance Deferred Tax Assets, Valuation Allowance Deferred income tax asset—net Deferred Tax Assets, Net Capital Loss Carryforward Deferred Tax Assets, Capital Loss Carryforwards Changes in Valuation Allowance Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount Revenue from Contract with Customer [Abstract] Revenue Revenue from Contract with Customer [Text Block] Disaggregation of Revenue Disaggregation of Revenue [Table Text Block] Schedule of New Accounting Pronouncements and Changes in Accounting Principles Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] Disclosure of Compensation Related Costs, Share-based Payments [Abstract] Disclosure of Share-based Compensation Arrangements by Share-based Payment Award Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] Schedule of Changes in Goodwill and Intangible Assets Schedule of Intangible Assets and Goodwill [Table Text Block] Schedule of Intangible Assets Schedule of Intangible Assets [Table Text Block] Schedule of Intangible Assets [Table Text Block] Compensation Related Costs [Abstract] Schedule of Deferred Compensation Arrangement with Individual, Postretirement Benefits [Table] Schedule of Deferred Compensation Arrangement with Individual, Postretirement Benefits [Table] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Common stock Common Stock [Member] Award Type [Axis] Award Type [Axis] Equity Award [Domain] Equity Award [Domain] Restricted Stock Units (RSUs) Restricted Stock Units (RSUs) [Member] Retirement Plan Name [Axis] Retirement Plan Name [Axis] Retirement Plan Name [Domain] Retirement Plan Name [Domain] The Plan Profit Sharing Plan [Member] Profit Sharing Plan [Member] Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items] Allocated Share-based Compensation Expense Allocated Share-based Compensation Expense Maximum Employee Subscription Rate Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate Employer Matching Contribution, Percent of Match Defined Contribution Plan, Employer Matching Contribution, Percent of Match Forfeitures during period Defined Contribution Plan, Forfeitures During Period Defined Contribution Plan, Forfeitures During Period Employer matching contributions Defined Contribution Plan, Employer Discretionary Contribution Amount Subsequent Events [Abstract] Subsequent Event [Table] Subsequent Event [Table] Dividends [Axis] Dividends [Axis] Dividends [Domain] Dividends [Domain] Dividend Declared Dividend Declared [Member] Subsequent Event Type [Axis] Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Event Type [Domain] Subsequent Event Subsequent Event [Member] Subsequent Event [Line Items] Subsequent Event [Line Items] Dividends declared per share Common Stock, Dividends, Per Share, Declared Selected Quarterly Financial Data (unadudited) Quarterly Financial Information [Text Block] Statement of Financial Position [Abstract] Assets: Assets [Abstract] Cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Investments ($82,829 and $136,113) Accounts receivable Accounts Receivable, Net Due from brokers ($1,743 and $11,187) Property and equipment—net Property, Plant and Equipment, Net Operating lease right-of-use assets Operating Lease, Right-of-Use Asset Goodwill and intangible assets—net Intangible Assets, Net (Including Goodwill) Deferred income tax asset—net Deferred Tax Assets, Net of Valuation Allowance, Noncurrent Other assets ($1,041 and $2,604) Total assets LIABILITIES AND STOCKHOLDERS’ EQUITY Liabilities and Equity [Abstract] Liabilities: Liabilities [Abstract] Accrued compensation Employee-related Liabilities, Current Distribution and service fees payable Commissions Payable to Broker-Dealers and Clearing Organizations Operating lease liabilities Operating Lease, Liability, Noncurrent Income tax payable Taxes Payable, Current Due to brokers ($366 and $4,422) Other liabilities and accrued expenses ($784 and $440) Total liabilities Commitments and contingencies Commitments and Contingencies Redeemable noncontrolling interest Redeemable Noncontrolling Interest, Equity, Carrying Amount Stockholders’ equity: Stockholders' Equity Attributable to Parent [Abstract] Common stock, $0.01 par value; 500,000,000 shares authorized; 52,580,246 and 51,818,186 shares issued at December 31, 2019 and 2018, respectively Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Accumulated deficit Retained Earnings (Accumulated Deficit) Accumulated other comprehensive income, net of tax Accumulated Other Comprehensive Income (Loss), Net of Tax Less: Treasury stock, at cost, 5,329,820 and 5,050,285 shares at December 31, 2019 and 2018, respectively Treasury Stock, Value Total stockholders’ equity Stockholders' Equity Attributable to Parent Total liabilities and stockholders’ equity Liabilities and Equity Income Taxes Income Tax Disclosure [Text Block] New Accounting Pronouncements or Change in Accounting Principle [Table] New Accounting Pronouncements or Change in Accounting Principle [Table] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] Accounting Standards Update 2016-02 [Member] Accounting Standards Update 2016-02 [Member] New Accounting Pronouncements or Change in Accounting Principle [Line Items] New Accounting Pronouncements or Change in Accounting Principle [Line Items] Total remaining discounted lease payments Operating Lease, Liability Deferred rent Deferred Rent Credit Fair Value Disclosures [Abstract] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Investment, Name [Axis] Investment, Name [Axis] Investment, Name [Domain] Investment, Name [Domain] The Cohen & Steers Global Realty Partners III-TE, L.P. The Cohen & Steers Global Realty Partners III-TE, L.P. [Member] The Cohen & Steers Global Realty Partners III-TE, L.P. [Member] The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF) The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF) [Member] The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF) [Member] Investment Type [Axis] Investment Type [Axis] Investments [Domain] Investments [Domain] Held-to-maturity Securities [Member] Held-to-maturity Securities [Member] Equity Method Investments [Member] Equity Method Investments [Member] Financial Instrument [Axis] Financial Instrument [Axis] Financial Instruments [Domain] Financial Instruments [Domain] Company-sponsored funds Company-Sponsored Funds [Member] Company-sponsored funds [Member] Common stocks Fixed income Fixed Income Securities [Member] Limited partnership interests Partnership Interest [Member] Preferred securities Preferred Stock [Member] Other Other Investments [Member] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Fair Value, Measurements, Recurring Fair Value, Measurements, Recurring [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair Value Hierarchy and NAV [Domain] Level 1 Fair Value, Inputs, Level 1 [Member] Level 2 Fair Value, Inputs, Level 2 [Member] Level 3 Fair Value, Inputs, Level 3 [Member] Investments Measured at NAV Fair Value Measured at Net Asset Value Per Share [Member] Derivative Instrument [Axis] Derivative Instrument [Axis] Derivative Contract [Domain] Derivative Contract [Domain] Commodity futures Commodity Contract [Member] Commodity swap Commodity Swap Contract [Member] Commodity Swap Contract [Member] Foreign exchange Foreign Exchange Contract [Member] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Cash equivalents Cash and Cash Equivalents, Fair Value Disclosure Equity investments at fair value Equity Securities, FV-NI Trading Debt Securities, Trading Held-to-maturity Debt Securities, Held-to-maturity Equity method investments Equity Method Investments Total investments Assets, Fair Value Disclosure Derivative - assets Derivative Asset Derivative - liabilities Derivative Liability Ownership percentage Equity Method Investment, Ownership Percentage Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] Beginning Balance Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value Purchases / contributions Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases Sales / distributions Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales Realized gains Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings Unrealized gains (losses) Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss) Transfers into (out of) level 3 Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3 Ending Balance Property, Plant and Equipment [Abstract] Property and Equipment Property, Plant and Equipment [Table Text Block] 401 (k) and Profit-Sharing Plan Compensation Related Costs, General [Text Block] Statement of Stockholders' Equity Parenthetical [Abstract] Statement of Stockholders' Equity Parenthetical [Abstract] Statement [Table] Statement [Table] Statement [Line Items] Statement [Line Items] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Domain] Vested Restricted Stock Units (RSUs) Vested Restricted Stock Units (RSUs) [Member] Vested Restricted Stock Units (RSU's) [Member] Plan Name [Axis] Plan Name [Axis] Plan Name [Domain] Plan Name [Domain] Stock Incentive Plan Stock Incentive Plan [Member] 2004 Stock Incentive Plan [Member] Incentive Bonus Plans for Employees Incentive Bonus Plans for Employees [Member] Incentive Bonus Plans for Employees [Member] Mandatory Plan Mandatory Plan [Member] Mandatory Plan [Member] Employee Stock Purchase Plan Employee Stock Purchase Plan [Member] Employee Stock Purchase Plan [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Granted (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period Granted, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward] Balance at beginning of period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number Granted (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Delivered (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Delivered Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Delivered Forfeited (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period Balance at end of period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value Granted, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value Delivered, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered, Weighted Average Grant Date Fair Value Forfeited, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) Common stock, shares issued Common Stock, Shares, Issued Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward] Balance at beginning of period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number Granted (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted Delivered (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered Forfeited (shares) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures Balance at end of period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward] [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward] [Roll Forward] Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Weighted Average Grant Date Fair Value Granted, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Weighted Average Grant Date Fair Value Delivered, Weighted Average Grant Date Fair Value (usd per share) Forfeited, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures, Weighted Average Grant Date Fair Value Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered Delivered, Weighted Average Grant Date Fair Value (usd per share) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered in Period, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered in Period, Weighted Average Grant Date Fair Value Discount from market price, purchase date Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Purchase Date Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee Employee stock purchase plans Stock Issued During Period, Shares, Employee Stock Purchase Plans Vesting period of unvested employee stock compensation, number of years Vesting Period Of Unvested Employee Stock Compensation, Period Vesting Period of Unvested Employee Stock Compensation, number of years Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Disclosure Commitments and Contingencies Disclosure [Text Block] Related Party Transactions [Abstract] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Related Party Transactions, by Related Party [Table] Related Party Transactions, by Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] Affiliated Entity Affiliated Entity [Member] Related Party Transaction [Line Items] Related Party Transaction [Line Items] Related Party Transactions Revenue [Abstract] Related Party Transactions, Revenue [Abstract] Related Party Transactions, Revenue [Abstract] Investment advisory and administrative fees Revenue From Related Parties, Investment Advisory and Administrative Fees Revenue from Related Parties, Investment advisory and administrative fees Distribution and service fees Revenue From Related Parties, Distribution and Service Fees Revenue From Related Parties, Distribution and Service Fees Total Revenue from Related Parties Related Party Transactions Summary [Abstract] Related Party Transactions Summary [Abstract] Related Party Transactions Summary [Abstract] Proceeds from sales Related Party Transactions, Proceeds from Sale, Maturity and Collection of Investments Related Party Transactions, Proceeds from Sale, Maturity and Collection of Investments Gross realized gains Related Party Transactions, Available-for-sale Securities, Gross Realized Gains Related Party Transactions, Available-for-sale Securities, Gross Realized Gains Gross realized losses, including other-than-temporary impairment Related Party Transactions, Available-for-sale Securities, Gross Realized Losses Related Party Transactions, Available-for-sale Securities, Gross Realized Losses Dividend income Related Party Transactions, Dividend Income Related Party Transactions, Dividend Income Fund expenses, included in general and administrative expenses Related Party Transaction, Expenses from Transactions with Related Party Receivables, Company sponsored mutual funds Accounts Receivable, Related Parties, Current Accounts Payable, Company sponsored mutual funds Accounts Payable, Related Parties, Current Goodwill and Intangible Assets Goodwill and Intangible Assets Disclosure [Text Block] Organization and Description of Business [Abstract] Organization and Description of Business [Abstract] Organization and Description of Business Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Reconciliation of Unrecognized Tax Benefits [Roll Forward] Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward] Gross unrecognized tax benefits balance Unrecognized Tax Benefits Addition for tax positions of current year Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions Addition for tax positions of prior years Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions Reduction of tax positions from prior years Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions Gross unrecognized tax benefits balance Schedule of Income before Taxes Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block] Components of Deferred Tax Assets and Liabilities Schedule of Deferred Tax Assets and Liabilities [Table Text Block] Reconciliation of Gross Unrecognized Tax Benefits Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block] Reconciliation of Federal Statutory Income Tax Rate to Effective Rate Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule [Table Text Block] Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule [Table Text Block] Schedule of Earnings Per Share, Basic and Diluted Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Subsequent Events Subsequent Events [Text Block] Leases [Abstract] Lease, Cost Lease, Cost [Table Text Block] Assets And Liabilities, Lessee Assets And Liabilities, Lessee [Table Text Block] Assets And Liabilities, Lessee [Table Text Block] Lessee, Operating Lease, Liability, Maturity Lessee, Operating Lease, Liability, Maturity [Table Text Block] Derivatives [Abstract] Derivatives [Abstract] Derivatives Derivatives and Fair Value [Text Block] Statement of Comprehensive Income [Abstract] Statement, Scenario [Axis] Scenario [Axis] Scenario, Unspecified [Domain] Scenario, Unspecified [Domain] Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Less: Net (income) loss attributable to redeemable noncontrolling interest Net Income (Loss) Attributable to Noncontrolling Interest Net income attributable to common stockholders Other comprehensive income (loss), net of tax: Other Comprehensive Income (Loss), Net of Tax [Abstract] Foreign currency translation income (loss) Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Net unrealized gain (loss) from available-for-sale investments Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax Reclassification to statements of operations of realized (gain) loss from available-for-sale investments Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax Other comprehensive income (loss) Other Comprehensive Income (Loss), Net of Tax Total comprehensive income attributable to common stockholders Comprehensive Income (Loss), Net of Tax, Attributable to Parent Goodwill Goodwill [Roll Forward] Beginning balance Goodwill Currency revaluation Goodwill, Foreign Currency Translation Gain (Loss) Ending balance Finite-Lived Intangible Assets Finite-Lived Intangible Assets, Net [Abstract] Finite-lived intangible assets, gross Amortization Finite-Lived Intangible Assets Indefinite-Lived Intangible Assets Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract] Loss Contingencies [Table] Loss Contingencies [Table] Operating Leases [Axis] Other Commitments [Axis] Operating Leases [Domain] Other Commitments [Domain] Commitment to invest commitment to invest [Member] commitment to invest Loss Contingencies by Nature of Contingency [Axis] Loss Contingency Nature [Axis] Loss Contingency, Nature [Domain] Loss Contingency, Nature [Domain] Commitments Commitments [Member] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Other Commitment Other Commitment Long-term Purchase Commitments, Time Period Long-term Purchase Commitments, Time Period Long-term Purchase Commitments, Time Period Long-term committment, funded amount Long-term committment, funded amount Long-term committment, funded amount Regulatory Capital Requirements [Abstract] Regulatory Capital Requirements [Table] Financial Instruments Owned and Pledged as Collateral [Table] Securities Registered Domestically Securities Registered Domestically [Member] Securities Registered Domestically [Member] Securities Regulated By Foreign Entities - Asia [Member] Securities Regulated By Foreign Entities - Asia [Member] Securities Regulated By Foreign Entities - Asia [Member] [Member] Securities Regulated By Foreign Entities - UK [Member] Securities Regulated By Foreign Entities - UK [Member] Securities Reguluated By Foreign Entities - UK [Member] Securities Regulated By Foreign Entities - Japan [Member] [Domain] Securities Regulated By Foreign Entities - Japan [Member] [Domain] Securities Regulated By Foreign Entities - Japan [Member] Regulatory Requirements Financial Instruments Owned and Pledged as Collateral [Line Items] Net Capital Net Capital Excess Capital Excess Capital Proceeds from Contributions from Parent Proceeds from Contributions from Parent Disaggregation of Revenue [Table] Disaggregation of Revenue [Table] Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Distribution and service fees Financial Service [Member] Open-end funds Open-End Investment Funds [Member] Open-End Investment Funds [Member] Closed-end funds Closed-End Investment Funds [Member] Closed-End Investment Funds [Member] Institutional accounts Institutional Accounts [Member] Institutional Accounts [Member] Other (2) Portfolio Consulting and Other Revenue [Member] Portfolio Consulting and Other Revenue [Member] Geographical [Axis] Geographical [Axis] Geographical [Domain] Geographical [Domain] North America North America [Member] Japan JAPAN Asia Pacific, excluding Japan Asia, Excluding Japan [Member] Asia, Excluding Japan [Member] Europe, Middle East and Africa Europe [Member] Disaggregation of Revenue [Line Items] Disaggregation of Revenue [Line Items] Total revenue Revenue from Contract with Customer, Including Assessed Tax 2020 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year One Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year One 2021 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Two Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Two 2022 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Three Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Three 2023 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Four Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Four 2024 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Five Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Five 2025 Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Six Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Six Total Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability Schedule of Property and Equipment [Table] Property, Plant and Equipment [Table] Property and Equipment, Type [Axis] Property, Plant and Equipment, Type [Axis] Property and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Equipment Equipment [Member] Furniture and fixtures Furniture and Fixtures [Member] Software Computer Software, Intangible Asset [Member] Leasehold improvements Leasehold Improvements [Member] Property and Equipment [Line Items] Property, Plant and Equipment [Line Items] Depreciation and amortization Depreciation, Depletion and Amortization, Nonproduction Property and equipment, gross Property, Plant and Equipment, Gross Accumulated depreciation and amortization Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Property and equipment, net Property, Plant and Equipment, Useful Life Property, Plant and Equipment, Useful Life Regulatory Requirements Regulatory Capital Requirements under Banking Regulations [Text Block] Investment Holdings Investment Holdings [Text Block] Operating lease cost Operating Lease, Cost Right-of-use assets obtained in exchange for new lease liabilities Right-of-Use Asset Obtained in Exchange for Operating Lease Liability Fair Value Fair Value Disclosures [Text Block] Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entities [Table] Entities [Table] Legal Entity [Axis] Legal Entity [Axis] Entity [Domain] Entity [Domain] Entity Information Entity Information [Line Items] Document Type Document Type Document Annual Report Document Annual Report Document Transition Report Document Transition Report Document Period End Date Document Period End Date Entity File Number Entity File Number Entity Registrant Name Entity Registrant Name Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Title of 12(b) Security Title of 12(b) Security Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Well-known Seasoned Issuer Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Voluntary Filers Entity Current Reporting Status Entity Current Reporting Status Entity Interactive Data Current Entity Interactive Data Current Entity Filer Category Entity Filer Category Entity Small Business Entity Small Business Entity Emerging Growth Company Entity Emerging Growth Company Entity Shell Company Entity Shell Company Entity Public Float Entity Public Float Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Amendment Flag Amendment Flag Schedule of Related Party Transactions Schedule of Related Party Transactions [Table Text Block] Income Statement [Abstract] Investment advisory and administration fees Investment Advice [Member] Other Financial Service, Other [Member] Expenses: Operating Expenses [Abstract] Employee compensation and benefits Labor and Related Expense Distribution and service fees Expense Related to Distribution or Servicing and Underwriting Fees General and administrative General and Administrative Expense Depreciation and amortization Depreciation, Amortization and Accretion, Net Total expenses Operating Expenses Operating income (loss) Non-operating income (loss): Nonoperating Income (Expense) [Abstract] Interest and dividend income—net Investment Income, Interest and Dividend Gain (loss) from investments—net Gain (Loss) on Investments Foreign currency gains (losses)—net Other Nonoperating Income (Expense) Total non-operating income (loss) Nonoperating Income (Expense) Income before provision for income taxes Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest Provision for income taxes Income Tax Expense (Benefit) Net income Net income attributable to common stockholders Weighted average shares outstanding: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Statement of Stockholders' Equity [Abstract] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Additional Paid-in Capital Additional Paid-in Capital [Member] Accumulated Deficit Retained Earnings [Member] Accumulated Other Comprehensive Income (Loss), Net of Tax AOCI Attributable to Parent [Member] Treasury Stock Treasury Stock [Member] Total Stockholders' Equity Parent [Member] Redeemable Noncontrolling Interest Noncontrolling Interest [Member] Cumulative Effect of New Accounting Principle in Period of Adoption Cumulative Effect of New Accounting Principle in Period of Adoption Beginning balance Beginning balance (redeemable noncontrolling interest) Stockholders' Equity Attributable to Noncontrolling Interest Beginning balance (shares of common stock, net) Common Stock, Shares, Outstanding Dividends Dividends Issuance of common stock Stock Issued During Period, Value, New Issues Issuance of common stock, shares Stock Issued During Period, Shares, New Issues Repurchase of common stock Stock Repurchased During Period, Value Repurchase of common stock, shares Stock Repurchased During Period, Shares Issuance of restricted stock units Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures Amortization of restricted stock units Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition Forfeitures of vested restricted stock units Stock Issued During Period, Value, Restricted Stock Award, Forfeitures Net income (loss) Net contributions (distributions) attributable to redeemable noncontrolling interests Proceeds from (Payments to) Noncontrolling Interests Net consolidation (deconsolidation) of Company-sponsored funds Noncontrolling Interest, Decrease from Deconsolidation Ending balance Ending balance (shares of common stock, net) Ending balance (redeemable noncontrolling interest) Derivative [Table] Derivative [Table] Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Investments Investments [Member] Due from brokers Due From Broker [Member] Due From Broker [Member] Derivative [Line Items] Derivative [Line Items] Derivative Asset, Notional Amount Derivative Asset, Notional Amount Derivative Liability, Notional Amount Derivative Liability, Notional Amount Derivative Assets, Fair Value Derivative Asset, Fair Value, Amount Not Offset Against Collateral Derivative Liabilities, Fair Value Derivative Liability, Fair Value, Amount Not Offset Against Collateral Derivative, Gain (Loss) on Derivative, Net Derivative, Gain (Loss) on Derivative, Net Trading investment and held as collateral Security Owned and Pledged as Collateral, Fair Value Stock-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] 2020 Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months 2021 Lessee, Operating Lease, Liability, Payments, Due Year Two 2022 Lessee, Operating Lease, Liability, Payments, Due Year Three 2023 Lessee, Operating Lease, Liability, Payments, Due Year Four 2024 Lessee, Operating Lease, Liability, Payments, Due Year Five Total remaining undiscounted lease payments Lessee, Operating Lease, Liability, Payments, Due Less: imputed interest Lessee, Operating Lease, Liability, Undiscounted Excess Amount U.S. statutory tax rate Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent State and local income taxes, net of federal income taxes Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent Unrecognized tax benefits adjustments Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent Foreign operations tax differential Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent Non-deductible (gains) losses on investments Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent Non-taxable (gains) losses on investments Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent Tax Act Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent Other Effective Income Tax Rate Reconciliation, Other Adjustments, Percent Effective income tax rate Effective Income Tax Rate Reconciliation, Percent Schedule of Derivative Instruments Schedule of Derivative Instruments [Table Text Block] Gains (Losses) on Derivatives Derivative Instruments, Gain (Loss) [Table Text Block] Fair Value Measurements, Recurring and Nonrecurring Fair Value Measurements, Recurring and Nonrecurring [Table Text Block] Fair Value, Valuation Technique, Unobservable Inputs Fair Value, Valuation Technique, Unobservable Inputs [Table Text Block] Fair Value, Valuation Technique, Unobservable Inputs [Table Text Block] Related Party Transactions Related Party Transactions Disclosure [Text Block] Income before provision for income taxes Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract] U.S. income before provision for income taxes Income (Loss) from Continuing Operations before Income Taxes, Domestic Foreign income before provision for income taxes Income (Loss) from Continuing Operations before Income Taxes, Foreign Current taxes: Current Income Tax Expense (Benefit), Continuing Operations [Abstract] U.S. federal Current Federal Tax Expense (Benefit) State and local Current State and Local Tax Expense (Benefit) Non-U.S. Current Foreign Tax Expense (Benefit) Total Current Income Tax Expense (Benefit) Deferred taxes: Deferred Income Taxes and Other Assets [Abstract] U.S. federal Deferred Federal Income Tax Expense (Benefit) State and local Deferred State and Local Income Tax Expense (Benefit) Non-U.S. Deferred Foreign Income Tax Expense (Benefit) Deferred income taxes Deferred Income Tax Expense (Benefit) Provision for income taxes Statement of Cash Flows [Abstract] Scenario [Axis] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net income to net cash provided by operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Stock compensation expense Share-based Compensation Amortization of deferred commissions Amortization of Deferred Sales Commissions Amortization of right-of-use assets Finance Lease, Right-of-Use Asset, Amortization Amortization (accretion) of premium (discount) on held-to-maturity investments Accretion (Amortization) of Discounts and Premiums, Investments (Gain) loss from investments—net Deferred income taxes Foreign currency (gain) loss Foreign Currency Transaction Gain (Loss), before Tax Changes in operating assets and liabilities: Increase (Decrease) in Operating Capital [Abstract] Accounts receivable Increase (Decrease) in Accounts Receivable Due from brokers Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations Deferred commissions Increase (Decrease) in Deferred Charges Investments within consolidated funds Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI Other assets Increase (Decrease) in Other Operating Assets Accrued compensation Increase (Decrease) in Employee Related Liabilities Distribution and service fees payable Increase (Decrease) in Accounts Payable and Other Operating Liabilities Operating lease liabilities Increase (Decrease) In Operating Lease Liability, Noncurrent Increase (Decrease) In Operating Lease Liability, Noncurrent Due to broker Increase (Decrease) in Payables to Broker-Dealers and Clearing Organizations Income tax payable Increase (Decrease) in Income Taxes Payable Other liabilities and accrued expenses Increase (Decrease) in Other Accrued Liabilities Net cash provided by (used in) operating activities Net Cash Provided by (Used in) Operating Activities Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Proceeds from redemptions of equity method investments Proceeds from Sale of Equity Method Investments Purchases of investments Payments to Acquire Available-for-sale Securities Proceeds from sales of investments Proceeds from Sale of Available-for-sale Securities Purchases of property and equipment Payments to Acquire Property, Plant, and Equipment Net cash provided by (used in) investing activities Net Cash Provided by (Used in) Investing Activities Cash flows from financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Issuance of common stock Proceeds from Issuance of Common Stock Repurchase of common stock Payments for Repurchase of Common Stock Dividends to stockholders Payments of Ordinary Dividends, Common Stock Distributions to redeemable noncontrolling interest Payments for Repurchase of Redeemable Noncontrolling Interest Contributions from redeemable noncontrolling interests Net cash provided by (used in) financing activities Net Cash Provided by (Used in) Financing Activities Net increase (decrease) in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect Effect of foreign exchange rate changes on cash and cash equivalents Effect of Exchange Rate on Cash and Cash Equivalents Cash and cash equivalents, beginning of the year Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash and cash equivalents, end of the year Condensed Consolidated Statements of Cash Flows [Abstract] Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2011 and 2010 [Abstract] The Cohen & Steers Preferred Securities and Income SMA Shares [Member] The Cohen & Steers Preferred Securities and Income SMA Shares [Member] The Cohen & Steers Preferred Securities and Income SMA Shares [Member] Cohen & Steers Funds ICAV [Member] Cohen & Steers Funds ICAV [Member] Cohen & Steers Funds ICAV [Member] [Member] Income taxes paid, net Income Taxes Paid, Net Restricted stock unit dividend equivalents, net of forfeitures Dividends, Share-based Compensation Transfer of redeemable noncontrolling interest in consolidated entity Noncontrolling Interest, Increase from Business Combination Noncontrolling Interest, Increase from Business Combination Effective tax rate Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability Gross unrecognized tax benefits Unrecognized tax benefits that impact effective tax rate in future periods Unrecognized Tax Benefits that Would Impact Effective Tax Rate Reduction in unrecognized tax benefits Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit Uncertain tax positions, accrued interest and penalties Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued Summary of Significant Accounting Policies Significant Accounting Policies [Text Block] Condensed Consolidated Statements of Financial Condition (Parenthetical) [Abstract] Condensed Consolidated Statements of Financial Condition (Parenthetical) [Abstract] Common stock, par value Common Stock, Par or Stated Value Per Share Common stock, shares authorized Common Stock, Shares Authorized Common stock, shares outstanding Treasury stock, shares Treasury Stock, Shares Trading investment and held as collateral Concentration Risk [Table] Concentration Risk [Table] Major Customers [Axis] Customer [Axis] Name of Major Customer [Domain] Customer [Domain] Cohen & Steers Realty Shares, Inc. (CSR) Cohen & Steers Realty Shares, Inc [Member] Cohen & Steers Realty Shares, Inc [Member] Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX) Cohen & Steers Preferred Securities and Income Fund, Inc. [Member] Cohen & Steers Preferred Securities and Income Fund, Inc. Cohen & Steers Real Estate Securities Fund, Inc. (CSI) Cohen & Steers Real Estate Securities Fund, Inc. [Member] Cohen & Steers Real Estate Securities Fund, Inc. [Member] Daiwa Asset Management One Institutional Seperate Account Relationship [Member] One Institutional Seperate Account Relationship [Member] Investment advisory and administration fees Investment Advisory and Administration Fees [Member] Investment Advisory and Administration Fees [Member] Distribution and Shareholder Service [Member] Distribution and Shareholder Service [Member] Concentration Risk by Type [Axis] Concentration Risk Type [Axis] Concentration Risk Type [Domain] Concentration Risk Type [Domain] Customer Concentration Risk Customer Concentration Risk [Member] Concentration Risk (Line Items) Concentration Risk [Line Items] Percent of total revenue Concentration Risk, Percentage Cumulative Translation Adjustments balance [Table] Cumulative Translation Adjustments balance [Table] Cumulative Translation Adjustments balance [Table] Intercompany Foreign Currency Balance by Description [Axis] Intercompany Foreign Currency Balance by Description [Axis] Intercompany Foreign Currency Balance, Name [Domain] Intercompany Foreign Currency Balance, Name [Domain] Accumulated Translation Adjustment Accumulated Foreign Currency Adjustment Attributable to Parent [Member] Cumulative Translation Adjustments balance [Line Items] Cumulative Translation Adjustments balance [Line Items] [Line Items] for Cumulative Translation Adjustments balance [Table] Cumulative Foreign Currency Translation Adjustment, Net of Tax Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax Investments [Table] Schedule of Investments [Table] Investment [Line Items] Investment [Line Items] Number of new funds seeded Number Of New Funds Seeded Number Of New Funds Seeded Debt Securities, Held-to-maturity, Fair Value Debt Securities, Held-to-maturity, Fair Value Summary of Investments [Abstract] Summary of Investments [Abstract] Summary of Investments [Abstract] Trading Equity method Total investments Gain (Loss) on Investments [Abstract] Gain (Loss) on Investments [Abstract] Net realized gains (losses) during the period Cost-method Investments, Realized Gain (Loss) Net unrealized gains (losses) during the period on investments still held at the end of the period Marketable Securities, Unrealized Gain (Loss) Gain (loss) from investments—net Trading, Equity Method Investments and Available-for-Sale Investments [Abstract] Securities Owned and Equity Investments [Abstract] Securities Owned and Equity Investments [Abstract] Gain (loss) from trading investments—net Trading Gain (Loss) Equity in earnings (losses) of affiliates—net Income (Loss) from Equity Method Investments Gain (loss) from available-for-sale investments—net Available-for-sale Securities, Gross Realized Gain (Loss) Weighted-average remaining lease term (years) Operating Lease, Weighted Average Remaining Lease Term Weighted-average discount rate Operating Lease, Weighted Average Discount Rate, Percent Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period Number of Shares Authorized Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward] Balance at Beginning of Period (shares) Delivered (shares) Balance at End of Period (shares) Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract] Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract] Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) Schedule of Quarterly Financial Information Quarterly Financial Information [Table Text Block] Leases Lessee, Operating Leases [Text Block] Concentration of Credit Risk Concentration Risk Disclosure [Text Block] Property and Equipment Property, Plant and Equipment Disclosure [Text Block] Anti-dilutive common stock equivalents excluded from computation (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Basic weighted average shares outstanding (in shares) Dilutive potential shares from restricted stock units (in shares) Weighted Average Number Diluted Shares Outstanding Adjustment Diluted weighted average shares outstanding (in shares) Basic earnings per share attributable to common stockholders (in dollars per share) Diluted earnings per share attributable to common stockholders (in dollars per share) EX-101.PRE 13 cns-20191231_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 14 investmentperformance1219.jpg CNS INVESTMENT PERFORMANCE GRAPH begin 644 investmentperformance1219.jpg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end XML 15 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Concentration of Credit Risk
 12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk Concentration of Credit Risk
The Company’s cash and cash equivalents are principally on deposit with major financial institutions. The Company is subject to credit risk should these financial institutions be unable to fulfill their obligations.
The following affiliated funds and third-party institutional separate account subadvisory relationship, which is comprised of multiple accounts, provided 10% or more of the total revenue of the Company:
 
Years Ended December 31,
(in thousands, except percentages)
2019
 
2018
 
2017
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX):
 
 
 
 
 
Investment advisory and administration fees
$
56,638

 
$
53,059

 
$
53,594

Distribution and service fees
12,753

 
13,525

 
14,744

Total
$
69,391

 
$
66,584

 
$
68,338

Percent of total revenue
16.9
%
 
17.5
%
 
18.0
%
 
 
 
 
 
 
Cohen & Steers Real Estate Securities Fund, Inc. (CSI):
 
 
 
 
 
Investment advisory and administration fees
$
41,971

 
$
31,759

 
$
27,033

Distribution and service fees
8,128

 
6,841

 
7,662

Total
$
50,099

 
$
38,600

 
$
34,695

Percent of total revenue
12.2
%
 
10.1
%
 
9.2
%
 
 
 
 
 
 
Cohen & Steers Realty Shares, Inc. (CSR):
 
 
 
 
 
Investment advisory and administration fees
$
32,884

 
$
33,827

 
$
38,392

Distribution and service fees
4,079

 
4,032

 
4,602

Total
$
36,963

 
$
37,859

 
$
42,994

Percent of total revenue
9.0
%
 
9.9
%
 
11.4
%
 
 
 
 
 
 
Daiwa Asset Management:
 
 
 
 
 
Investment advisory fees
$
31,957

 
$
33,454

 
$
40,791

Percent of total revenue
7.8
%
 
8.8
%
 
10.8
%
XML 16 R22.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure Commitments and Contingencies
From time to time, the Company is involved in legal matters relating to claims arising in the ordinary course of business. There are currently no such matters pending that the Company believes could have a material adverse effect on its consolidated results of operations, cash flows or financial position.
The Company periodically commits to fund a portion of the equity in certain of its sponsored investment products. The Company has committed to co-invest up to $5.1 million alongside GRP-TE, a portion of which is made through GRP-TE and the remainder of which is made through Cohen & Steers Co-Investment Partnership, L.P. (GRP-CIP) for up to 12 years through the life of GRP-TE. At December 31, 2019, the Company has funded approximately $3.8 million with respect to this commitment. The actual timing for funding the unfunded portion of this commitment is currently unknown, as the drawdown of the Company’s unfunded commitment is contingent on the timing of drawdowns by the underlying funds in which GRP-TE and GRP-CIP invest. At December 31, 2019, the unfunded commitment was not recorded on the Company’s consolidated statements of financial condition.
ZIP 17 0001284812-20-000092-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001284812-20-000092-xbrl.zip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htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Schedule of Income before Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income before provision for income taxes      
U.S. income before provision for income taxes $ 171,497 $ 132,838 $ 149,338
Foreign income before provision for income taxes 16,052 10,941 11,062
Income before provision for income taxes 187,549 143,779 160,400
Current taxes:      
U.S. federal 30,818 26,223 58,082
State and local 7,627 7,378 8,155
Non-U.S. 2,024 2,029 1,991
Total 40,469 35,630 68,228
Deferred taxes:      
U.S. federal (133) (748) (428)
State and local (74) (281) (412)
Non-U.S. 303 (344) 526
Deferred income taxes 96 (1,373) (314)
Provision for income taxes $ 40,565 $ 34,257 $ 67,914

XML 19 R60.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]      
Client relationships, Gross Carrying Amount   $ 2,793 $ 95
Client relationships, Accumulated Amortization   1,543  
Client relationships, Net $ 0 0  
Fund management contracts 1,250 1,250 $ 1,250
Intangible assets—net   1,250  
Client Relationships      
Finite-Lived Intangible Assets [Line Items]      
Client relationships, Gross Carrying Amount   1,543  
Client relationships, Net   0  
Fund Management Contracts Member      
Finite-Lived Intangible Assets [Line Items]      
Fund management contracts 1,250 1,250  
Intangible assets—net $ 1,250 $ 1,250  
XML 20 R68.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Reconciliation of Unrecognized Tax Benefits [Roll Forward]      
Gross unrecognized tax benefits balance $ 12,037 $ 12,406 $ 7,852
Addition for tax positions of current year 2,430 2,233 1,724
Addition for tax positions of prior years 133   6,624
Reduction of tax positions from prior years (1,720) (2,602) (3,794)
Gross unrecognized tax benefits balance $ 12,880 $ 12,037 $ 12,406
XML 21 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Selected Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following table presents selected quarterly financial data:
 
Quarter
(in thousands, except per share data)
1st
2nd
3rd
4th
Total
2019
 
 
 
 
 
Revenue
$
94,226

$
101,792

$
104,965

$
109,847

$
410,830

Operating income
35,435

38,104

40,133

46,462

160,134

Net income attributable to common stockholders
32,543

31,333

34,017

36,728

134,621

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.69

0.66

0.72

0.78

2.85

Diluted
0.68

0.65

0.70

0.75

2.79

Weighted-average shares outstanding:
 

 

 

 

 

Basic
47,146

47,304

47,316

47,324

47,273

Diluted
47,642

48,175

48,412

48,703

48,297

 
 
 
 
 
 
2018
 

 

 

 

 

Revenue
$
94,464

$
94,410

$
98,331

$
93,906

$
381,111

Operating income
37,219

36,287

39,223

34,309

147,038

Net income attributable to common stockholders
27,586

29,959

30,790

25,561

113,896

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.59

0.64

0.66

0.55

2.43

Diluted
0.59

0.63

0.65

0.54

2.40

Weighted-average shares outstanding:
 

 

 

 

 

Basic
46,683

46,819

46,830

46,842

46,794

Diluted
47,152

47,311

47,524

47,562

47,381
XML 22 R47.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
new_funds_seeded
Dec. 31, 2018
USD ($)
new_funds_seeded
Dec. 31, 2017
USD ($)
Investment [Line Items]      
Number of new funds seeded | new_funds_seeded 2 1  
Debt Securities, Held-to-maturity, Fair Value $ 50,000 $ 49,800  
Summary of Investments [Abstract]      
Equity investments at fair value 89,872 66,795  
Trading 14,980 108,363  
Held-to-maturity 49,807 49,748  
Equity method 554 26  
Total investments [1] 155,213 224,932  
Gain (Loss) on Investments [Abstract]      
Net realized gains (losses) during the period 12,227 (1,486)  
Net unrealized gains (losses) during the period on investments still held at the end of the period 9,446 (12,778)  
Gain (loss) from investments—net 21,673 (14,264) $ 2,020
Trading, Equity Method Investments and Available-for-Sale Investments [Abstract]      
Gain (loss) from trading investments—net     1,915
Equity in earnings (losses) of affiliates—net     (242)
Gain (loss) from available-for-sale investments—net     347
Gain (loss) from investments—net $ 21,673 $ (14,264) $ 2,020
[1]
Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.
JSON 23 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "cns-10kx123119.htm": { "axisCustom": 0, "axisStandard": 27, "contextCount": 287, "dts": { "calculationLink": { "local": [ "cns-20191231_cal.xml" ] }, "definitionLink": { "local": [ "cns-20191231_def.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-eedm-def-2018-01-31.xml", "http://xbrl.fasb.org/srt/2018/elts/srt-eedm1-def-2018-01-31.xml" ] }, "inline": { "local": [ "cns-10kx123119.htm" ] }, "labelLink": { "local": [ "cns-20191231_lab.xml" ], "remote": [ "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-doc-2018-01-31.xml", "https://xbrl.sec.gov/dei/2019/dei-doc-2019-01-31.xml" ] }, "presentationLink": { "local": [ "cns-20191231_pre.xml" ] }, "referenceLink": { "remote": [ "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-ref-2018-01-31.xml", "https://xbrl.sec.gov/dei/2019/dei-ref-2019-01-31.xml" ] }, "schema": { "local": [ "cns-20191231.xsd" ], "remote": [ "http://xbrl.fasb.org/srt/2018/elts/srt-2018-01-31.xsd", "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-types-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-gaap-2018-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-roles-2018-01-31.xsd", "http://xbrl.fasb.org/srt/2018/elts/srt-roles-2018-01-31.xsd", "http://xbrl.sec.gov/country/2017/country-2017-01-31.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-types-2018-01-31.xsd", "http://www.xbrl.org/lrr/arcrole/factExplanatory-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://xbrl.sec.gov/currency/2017/currency-2017-01-31.xsd", "https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd", "https://xbrl.sec.gov/exch/2018/exch-2018-01-31.xsd", "http://xbrl.sec.gov/invest/2013/invest-2013-01-31.xsd", "http://xbrl.sec.gov/naics/2017/naics-2017-01-31.xsd", "http://xbrl.sec.gov/sic/2011/sic-2011-01-31.xsd", "https://xbrl.sec.gov/stpr/2018/stpr-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "http://xbrl.fasb.org/us-gaap/2018/elts/us-parts-codification-2018-01-31.xsd", "http://www.xbrl.org/lrr/role/deprecated-2009-12-16.xsd" ] } }, "elementCount": 583, "entityCount": 1, "hidden": { "http://fasb.org/us-gaap/2018-01-31": 14, "http://xbrl.sec.gov/dei/2019-01-31": 5, "total": 19 }, "keyCustom": 43, "keyStandard": 369, "memberCustom": 36, "memberStandard": 43, "nsprefix": "cns", "nsuri": "http://www.cohenandsteers.com/20191231", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "0001000 - Document - Document and Entity Information Document", "role": "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument", "shortName": "Document and Entity Information Document", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R10": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2101100 - Disclosure - Basis of Presentation", "role": "http://www.cohenandsteers.com/role/BasisOfPresentation", "shortName": "Basis of Presentation", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R11": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2102100 - Disclosure - Summary of Significant Accounting Policies", "role": "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPolicies", "shortName": "Summary of Significant Accounting Policies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R12": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2103100 - Disclosure - Revenue Revenue", "role": "http://www.cohenandsteers.com/role/RevenueRevenue", "shortName": "Revenue Revenue", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RevenueFromContractWithCustomerTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R13": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentHoldingsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2106100 - Disclosure - Investments", "role": "http://www.cohenandsteers.com/role/Investments", "shortName": "Investments", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:InvestmentHoldingsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R14": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2107100 - Disclosure - Fair Value", "role": "http://www.cohenandsteers.com/role/FairValue", "shortName": "Fair Value", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueDisclosuresTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R15": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DerivativesAndFairValueTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2108100 - Disclosure - Derivatives", "role": "http://www.cohenandsteers.com/role/Derivatives", "shortName": "Derivatives", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DerivativesAndFairValueTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R16": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2109100 - Disclosure - Property and Equipment", "role": "http://www.cohenandsteers.com/role/PropertyAndEquipment", "shortName": "Property and Equipment", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R17": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2110100 - Disclosure - Earnings Per Share", "role": "http://www.cohenandsteers.com/role/EarningsPerShare", "shortName": "Earnings Per Share", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:EarningsPerShareTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R18": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2111100 - Disclosure - Stock-Based Compensation", "role": "http://www.cohenandsteers.com/role/StockBasedCompensation", "shortName": "Stock-Based Compensation", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R19": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CompensationRelatedCostsGeneralTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2112100 - Disclosure - 401(k) and Profit-Sharing Plan", "role": "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlan", "shortName": "401(k) and Profit-Sharing Plan", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CompensationRelatedCostsGeneralTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R2": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001000 - Statement - Consolidated Statements of Financial Condition", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "shortName": "Consolidated Statements of Financial Condition", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:CashAndCashEquivalentsAtCarryingValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R20": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2113100 - Disclosure - Related Party Transactions", "role": "http://www.cohenandsteers.com/role/RelatedPartyTransactions", "shortName": "Related Party Transactions", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R21": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2114100 - Disclosure - Regulatory Requirements", "role": "http://www.cohenandsteers.com/role/RegulatoryRequirements", "shortName": "Regulatory Requirements", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R22": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Commitments and Contingencies", "role": "http://www.cohenandsteers.com/role/CommitmentsAndContingencies", "shortName": "Commitments and Contingencies", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R23": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2115100 - Disclosure - Goodwill and Intangible Assets", "role": "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssets", "shortName": "Goodwill and Intangible Assets", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R24": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Income Taxes", "role": "http://www.cohenandsteers.com/role/IncomeTaxes", "shortName": "Income Taxes", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R25": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2116100 - Disclosure - Leases", "role": "http://www.cohenandsteers.com/role/Leases", "shortName": "Leases", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LesseeOperatingLeasesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R26": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConcentrationRiskDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2117100 - Disclosure - Concentration of Credit Risk", "role": "http://www.cohenandsteers.com/role/ConcentrationOfCreditRisk", "shortName": "Concentration of Credit Risk", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ConcentrationRiskDisclosureTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R27": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2118100 - Disclosure - Selected Quarterly Financial Data (unaudited)", "role": "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnaudited", "shortName": "Selected Quarterly Financial Data (unaudited)", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:QuarterlyFinancialInformationTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R28": { "firstAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2119100 - Disclosure - Subsequent Events", "role": "http://www.cohenandsteers.com/role/SubsequentEvents", "shortName": "Subsequent Events", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SubsequentEventsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R29": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "cns:NewAccountingPronouncementsAdoptedPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2202201 - Disclosure - Summary of Significant Accounting Policies (Policies)", "role": "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies", "shortName": "Summary of Significant Accounting Policies (Policies)", "subGroupType": "policies", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "cns:NewAccountingPronouncementsAdoptedPolicyTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R3": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Investments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1001001 - Statement - Consolidated Statements of Financial Condition (Parenthetical)", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "shortName": "Consolidated Statements of Financial Condition (Parenthetical)", "subGroupType": "parenthetical", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4_us-gaap_DerivativeInstrumentRiskAxis_us-gaap_InvestmentsMember", "decimals": "-3", "lang": null, "name": "us-gaap:SecurityOwnedAndPledgedAsCollateralFairValue", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R30": { "firstAnchor": { "ancestors": [ "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2302302 - Disclosure - Summary of Significant Accounting Policies (Tables)", "role": "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesTables", "shortName": "Summary of Significant Accounting Policies (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R31": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisaggregationOfRevenueTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2303301 - Disclosure - Revenue (Tables)", "role": "http://www.cohenandsteers.com/role/RevenueTables", "shortName": "Revenue (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisaggregationOfRevenueTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R32": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SummaryInvestmentHoldingsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2306301 - Disclosure - Investments (Tables)", "role": "http://www.cohenandsteers.com/role/InvestmentsTables", "shortName": "Investments (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SummaryInvestmentHoldingsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R33": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2307301 - Disclosure - Fair Value (Tables)", "role": "http://www.cohenandsteers.com/role/FairValueTables", "shortName": "Fair Value (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R34": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2308301 - Disclosure - Derivatives (Tables)", "role": "http://www.cohenandsteers.com/role/DerivativesTables", "shortName": "Derivatives (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R35": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2309301 - Disclosure - Property and Equipment (Tables)", "role": "http://www.cohenandsteers.com/role/PropertyAndEquipmentTables", "shortName": "Property and Equipment (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:PropertyPlantAndEquipmentTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R36": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2310301 - Disclosure - Earnings Per Share (Tables)", "role": "http://www.cohenandsteers.com/role/EarningsPerShareTables", "shortName": "Earnings Per Share (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R37": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2311301 - Disclosure - Stock-Based Compensation (Tables)", "role": "http://www.cohenandsteers.com/role/StockBasedCompensationTables", "shortName": "Stock-Based Compensation (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R38": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2313301 - Disclosure - Related Party Transactions (Tables)", "role": "http://www.cohenandsteers.com/role/RelatedPartyTransactionsTables", "shortName": "Related Party Transactions (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfRelatedPartyTransactionsTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R39": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2315301 - Disclosure - Goodwill and Intangible Assets (Tables)", "role": "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsTables", "shortName": "Goodwill and Intangible Assets (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R4": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:DisaggregationOfRevenueTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1002000 - Statement - Consolidated Statements of Operations", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "shortName": "Consolidated Statements of Operations", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:LaborAndRelatedExpense", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R40": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Income Taxes (Tables)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesTables", "shortName": "Income Taxes (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R41": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LeaseCostTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2316301 - Disclosure - Leases (Tables)", "role": "http://www.cohenandsteers.com/role/LeasesTables", "shortName": "Leases (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:LeaseCostTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R42": { "firstAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SchedulesOfConcentrationOfRiskByRiskFactorTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2317301 - Disclosure - Concentration of Credit Risk (Tables)", "role": "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskTables", "shortName": "Concentration of Credit Risk (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:SchedulesOfConcentrationOfRiskByRiskFactorTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R43": { "firstAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2318301 - Disclosure - Selected Quarterly Financial Data (unaudited) (Tables)", "role": "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedTables", "shortName": "Selected Quarterly Financial Data (unaudited) (Tables)", "subGroupType": "tables", "uniqueAnchor": { "ancestors": [ "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R44": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeaseRightOfUseAsset", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402403 - Disclosure - Summary of Significant Accounting Policies Operating Leases (Details)", "role": "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails", "shortName": "Summary of Significant Accounting Policies Operating Leases (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "I2019Q1", "decimals": "-3", "lang": null, "name": "us-gaap:OperatingLeaseRightOfUseAsset", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R45": { "firstAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4_us-gaap_IntercompanyForeignCurrencyBalanceByDescriptionAxis_us-gaap_AccumulatedTranslationAdjustmentMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2402404 - Disclosure - Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details)", "role": "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails", "shortName": "Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "us-gaap:ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4_us-gaap_IntercompanyForeignCurrencyBalanceByDescriptionAxis_us-gaap_AccumulatedTranslationAdjustmentMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R46": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:DisaggregationOfRevenueTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2403402 - Disclosure - Revenue (Details)", "role": "http://www.cohenandsteers.com/role/RevenueDetails", "shortName": "Revenue (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:DisaggregationOfRevenueTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_srt_StatementGeographicalAxis_srt_NorthAmericaMember", "decimals": "-3", "lang": null, "name": "us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R47": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "cns:NumberOfNewFundsSeeded", "reportCount": 1, "unique": true, "unitRef": "new_funds_seeded", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406402 - Disclosure - Investments (Details)", "role": "http://www.cohenandsteers.com/role/InvestmentsDetails", "shortName": "Investments (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "cns:NumberOfNewFundsSeeded", "reportCount": 1, "unique": true, "unitRef": "new_funds_seeded", "xsiNil": "false" } }, "R48": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Investments", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2406403 - Disclosure - Investments Variable Interest Entity (Details)", "role": "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails", "shortName": "Investments Variable Interest Entity (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfVariableInterestEntitiesTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4_us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis_cns_CohenSteersSICAVDiversifiedRealAssetsFundMember", "decimals": "-3", "lang": null, "name": "us-gaap:Investments", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R49": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:SummaryInvestmentHoldingsTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:EquitySecuritiesFvNi", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2407402 - Disclosure - Fair Value (Details)", "role": "http://www.cohenandsteers.com/role/FairValueDetails", "shortName": "Fair Value (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4_us-gaap_FairValueByMeasurementFrequencyAxis_us-gaap_FairValueMeasurementsRecurringMember", "decimals": "-3", "lang": null, "name": "us-gaap:CashAndCashEquivalentsFairValueDisclosure", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R5": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1003000 - Statement - Consolidated Statements of Comprehensive Income", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "shortName": "Consolidated Statements of Comprehensive Income", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R50": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeAssetNotionalAmount", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2408402 - Disclosure - Derivatives (Details)", "role": "http://www.cohenandsteers.com/role/DerivativesDetails", "shortName": "Derivatives (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDerivativeInstrumentsTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DerivativeAssetNotionalAmount", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R51": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DepreciationAndAmortization", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2409402 - Disclosure - Property and Equipment (Details)", "role": "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails", "shortName": "Property and Equipment (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DepreciationAndAmortization", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R52": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2410402 - Disclosure - Earnings Per Share (Details)", "role": "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "shortName": "Earnings Per Share (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:WeightedAverageNumberDilutedSharesOutstandingAdjustment", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R53": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411402 - Disclosure - Stock-Based Compensation Vested RSUs (Details)", "role": "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails", "shortName": "Stock-Based Compensation Vested RSUs (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R54": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2411403 - Disclosure - Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details)", "role": "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "shortName": "Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans", "reportCount": 1, "unique": true, "unitRef": "shares", "xsiNil": "false" } }, "R55": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2412401 - Disclosure - 401(k) and Profit-Sharing Plan (Details)", "role": "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "shortName": "401(k) and Profit-Sharing Plan (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" } }, "R56": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_srt_AffiliatedEntityMember", "decimals": "-3", "first": true, "lang": null, "name": "cns:RevenueFromRelatedPartiesInvestmentAdvisoryAndAdministrativeFees", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2413402 - Disclosure - Related Party Transactions (Details)", "role": "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails", "shortName": "Related Party Transactions (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "ix:continuation", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_srt_AffiliatedEntityMember", "decimals": "-3", "first": true, "lang": null, "name": "cns:RevenueFromRelatedPartiesInvestmentAdvisoryAndAdministrativeFees", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R57": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:ProceedsFromContributionsFromParent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2414401 - Disclosure - Regulatory Requirements (Details)", "role": "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails", "shortName": "Regulatory Requirements (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-5", "first": true, "lang": null, "name": "us-gaap:ProceedsFromContributionsFromParent", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R58": { "firstAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_CommitmentsMember", "decimals": null, "first": true, "lang": "en-US", "name": "cns:LongTermPurchaseCommitmentsTimePeriod", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415401 - Disclosure - Commitments and Contingencies (Details)", "role": "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails", "shortName": "Commitments and Contingencies (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "ix:continuation", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_us-gaap_LossContingenciesByNatureOfContingencyAxis_us-gaap_CommitmentsMember", "decimals": null, "first": true, "lang": "en-US", "name": "cns:LongTermPurchaseCommitmentsTimePeriod", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R59": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Goodwill", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415402 - Disclosure - Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details)", "role": "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails", "shortName": "Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:GoodwillForeignCurrencyTranslationGainLoss", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R6": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1004000 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "shortName": "Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2016Q4_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:StockholdersEquity", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R60": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:ScheduleOfIntangibleAssetsTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsGross", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415403 - Disclosure - Goodwill and Intangible Assets - Intangible Assets (Details)", "role": "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails", "shortName": "Goodwill and Intangible Assets - Intangible Assets (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:ScheduleOfIntangibleAssetsTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2018Q4", "decimals": "-3", "lang": null, "name": "us-gaap:FiniteLivedIntangibleAssetsAccumulatedAmortization", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R61": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:AmortizationOfIntangibleAssets", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2415404 - Disclosure - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)", "role": "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsEstimatedFutureAmortizationExpenseDetails", "shortName": "Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details)", "subGroupType": "details", "uniqueAnchor": null }, "R62": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "3", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateContinuingOperations", "reportCount": 1, "unitRef": "ratio", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Income Taxes - Narrative (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails", "shortName": "Income Taxes - Narrative (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "lang": null, "name": "us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R63": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeaseCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416402 - Disclosure - Leases - Schedule of Lease Cost (Details)", "role": "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseCostDetails", "shortName": "Leases - Schedule of Lease Cost (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:LeaseCostTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:OperatingLeaseCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R64": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Income Taxes - Schedule of Income before Taxes (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails", "shortName": "Income Taxes - Schedule of Income before Taxes (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R65": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:AssetsAndLiabilitiesLesseeTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416403 - Disclosure - Leases - Schedule of Operating Leases, Other Information (Details)", "role": "http://www.cohenandsteers.com/role/LeasesScheduleOfOperatingLeasesOtherInformationDetails", "shortName": "Leases - Schedule of Operating Leases, Other Information (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:AssetsAndLiabilitiesLesseeTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": null, "first": true, "lang": "en-US", "name": "us-gaap:OperatingLeaseWeightedAverageRemainingLeaseTerm1", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } }, "R66": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416404 - Disclosure - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails", "shortName": "Income Taxes - Components of Deferred Tax Assets and Liabilities (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R67": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416404 - Disclosure - Leases - Schedule of Lease Liability Maturity (Details)", "role": "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails", "shortName": "Leases - Schedule of Lease Liability Maturity (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2019Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R68": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FI2018Q4", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:UnrecognizedTaxBenefits", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416405 - Disclosure - Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails", "shortName": "Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R69": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416406 - Disclosure - Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails", "shortName": "Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "INF", "first": true, "lang": null, "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" } }, "R7": { "firstAnchor": null, "groupType": "statement", "isDefault": "false", "longName": "1004001 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical)", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "shortName": "Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical)", "subGroupType": "", "uniqueAnchor": null }, "R70": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:ScheduleofTransitionTaxLiabilityFiscalYearMaturityScheduleTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "cns:TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearOne", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2416407 - Disclosure - Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details)", "role": "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails", "shortName": "Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "cns:ScheduleofTransitionTaxLiabilityFiscalYearMaturityScheduleTableTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "cns:TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearOne", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R71": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2417402 - Disclosure - Concentration of Credit Risk (Details)", "role": "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails", "shortName": "Concentration of Credit Risk (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "us-gaap:SchedulesOfConcentrationOfRiskByRiskFactorTextBlock", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD_srt_MajorCustomersAxis_cns_CohenSteersRealtySharesIncMember_us-gaap_ConcentrationRiskByTypeAxis_us-gaap_CustomerConcentrationRiskMember", "decimals": "3", "lang": null, "name": "us-gaap:ConcentrationRiskPercentage1", "reportCount": 1, "unique": true, "unitRef": "ratio", "xsiNil": "false" } }, "R72": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4QTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:Revenues", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2418402 - Disclosure - Selected Quarterly Financial Data (unaudited) (Details)", "role": "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails", "shortName": "Selected Quarterly Financial Data (unaudited) (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfQuarterlyFinancialInformationTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4QTD", "decimals": "-3", "lang": null, "name": "us-gaap:OperatingIncomeLoss", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R73": { "firstAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "D2020Q1SD_us-gaap_DividendsAxis_us-gaap_DividendDeclaredMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:CommonStockDividendsPerShareDeclared", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" }, "groupType": "disclosure", "isDefault": "false", "longName": "2419401 - Disclosure - Subsequent Events (Details)", "role": "http://www.cohenandsteers.com/role/SubsequentEventsDetails", "shortName": "Subsequent Events (Details)", "subGroupType": "details", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "ix:continuation", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "D2020Q1SD_us-gaap_DividendsAxis_us-gaap_DividendDeclaredMember_us-gaap_SubsequentEventTypeAxis_us-gaap_SubsequentEventMember", "decimals": "2", "first": true, "lang": null, "name": "us-gaap:CommonStockDividendsPerShareDeclared", "reportCount": 1, "unique": true, "unitRef": "usdPerShare", "xsiNil": "false" } }, "R8": { "firstAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "ix:continuation", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:ProfitLoss", "reportCount": 1, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005000 - Statement - Consolidated Statements of Cash Flows", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "shortName": "Consolidated Statements of Cash Flows", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "td", "tr", "table", "div", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "lang": null, "name": "us-gaap:ShareBasedCompensation", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } }, "R9": { "firstAnchor": { "ancestors": [ "span", "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeTaxesPaidNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" }, "groupType": "statement", "isDefault": "false", "longName": "1005501 - Statement - Consolidated Statements of Cash Flows (Parenthetical)", "role": "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "shortName": "Consolidated Statements of Cash Flows (Parenthetical)", "subGroupType": "parenthetical", "uniqueAnchor": { "ancestors": [ "span", "span", "div", "div", "body", "html" ], "baseRef": "cns-10kx123119.htm", "contextRef": "FD2019Q4YTD", "decimals": "-3", "first": true, "lang": null, "name": "us-gaap:IncomeTaxesPaidNet", "reportCount": 1, "unique": true, "unitRef": "usd", "xsiNil": "false" } } }, "segmentCount": 83, "tag": { "cns_AsiaExcludingJapanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Asia, Excluding Japan [Member]", "label": "Asia, Excluding Japan [Member]", "terseLabel": "Asia Pacific, excluding Japan" } } }, "localname": "AsiaExcludingJapanMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "cns_AssetsAndLiabilitiesLesseeTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Assets And Liabilities, Lessee [Table Text Block]", "label": "Assets And Liabilities, Lessee [Table Text Block]", "terseLabel": "Assets And Liabilities, Lessee" } } }, "localname": "AssetsAndLiabilitiesLesseeTableTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "cns_ClosedEndInvestmentFundsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Closed-End Investment Funds [Member]", "label": "Closed-End Investment Funds [Member]", "terseLabel": "Closed-end funds" } } }, "localname": "ClosedEndInvestmentFundsMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersCoInvestmentPartnershipMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers Co-Investment Partnership [Member]", "label": "Cohen & Steers Co-Investment Partnership [Member]", "terseLabel": "GRP-CIP" } } }, "localname": "CohenSteersCoInvestmentPartnershipMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersFundsICAVMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers Funds ICAV [Member] [Member]", "label": "Cohen & Steers Funds ICAV [Member]", "terseLabel": "Cohen & Steers Funds ICAV [Member]" } } }, "localname": "CohenSteersFundsICAVMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" ], "xbrltype": "domainItemType" }, "cns_CohenSteersPreferredSecuritiesandIncomeFundInc.Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers Preferred Securities and Income Fund, Inc.", "label": "Cohen & Steers Preferred Securities and Income Fund, Inc. [Member]", "terseLabel": "Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX)" } } }, "localname": "CohenSteersPreferredSecuritiesandIncomeFundInc.Member", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersRealEstateSecuritiesFundInc.Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers Real Estate Securities Fund, Inc. [Member]", "label": "Cohen & Steers Real Estate Securities Fund, Inc. [Member]", "terseLabel": "Cohen & Steers Real Estate Securities Fund, Inc. (CSI)" } } }, "localname": "CohenSteersRealEstateSecuritiesFundInc.Member", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersRealtySharesIncMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers Realty Shares, Inc [Member]", "label": "Cohen & Steers Realty Shares, Inc [Member]", "terseLabel": "Cohen & Steers Realty Shares, Inc. (CSR)" } } }, "localname": "CohenSteersRealtySharesIncMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersSICAVDiversifiedRealAssetsFundMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers SICAV Diversified Real Assets Fund [Member]", "label": "Cohen & Steers SICAV Diversified Real Assets Fund [Member]", "terseLabel": "SICAV RAP" } } }, "localname": "CohenSteersSICAVDiversifiedRealAssetsFundMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersSICAVGlobalPreferredSecuritiesFundMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers SICAV Global Preferred Securities Fund [Member]", "label": "Cohen & Steers SICAV Global Preferred Securities Fund [Member]", "terseLabel": "SICAV Preferred" } } }, "localname": "CohenSteersSICAVGlobalPreferredSecuritiesFundMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_CohenSteersSICAVGlobalRealEstateFundMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cohen & Steers SICAV Global Real Estate Fund [Member]", "label": "Cohen & Steers SICAV Global Real Estate Fund [Member]", "terseLabel": "SICAV GRE" } } }, "localname": "CohenSteersSICAVGlobalRealEstateFundMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_CommitmenttoinvestMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "commitment to invest", "label": "commitment to invest [Member]", "terseLabel": "Commitment to invest" } } }, "localname": "CommitmenttoinvestMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "domainItemType" }, "cns_CommoditySwapContractMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commodity Swap Contract [Member]", "label": "Commodity Swap Contract [Member]", "terseLabel": "Commodity swap" } } }, "localname": "CommoditySwapContractMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "cns_CompanySponsoredFundsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Company-sponsored funds [Member]", "label": "Company-Sponsored Funds [Member]", "terseLabel": "Company-sponsored funds" } } }, "localname": "CompanySponsoredFundsMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "cns_CondensedConsolidatedStatementsOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months Ended March 31, 2011 and 2010 [Abstract]", "label": "Condensed Consolidated Statements of Cash Flows [Abstract]" } } }, "localname": "CondensedConsolidatedStatementsOfCashFlowsAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_CondensedConsolidatedStatementsOfFinancialConditionParentheticalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Condensed Consolidated Statements of Financial Condition (Parenthetical) [Abstract]", "label": "Condensed Consolidated Statements of Financial Condition (Parenthetical) [Abstract]" } } }, "localname": "CondensedConsolidatedStatementsOfFinancialConditionParentheticalAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_CumulativeTranslationAdjustmentsbalanceLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "[Line Items] for Cumulative Translation Adjustments balance [Table]", "label": "Cumulative Translation Adjustments balance [Line Items]", "terseLabel": "Cumulative Translation Adjustments balance [Line Items]" } } }, "localname": "CumulativeTranslationAdjustmentsbalanceLineItems", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "stringItemType" }, "cns_CumulativeTranslationAdjustmentsbalanceTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Cumulative Translation Adjustments balance [Table]", "label": "Cumulative Translation Adjustments balance [Table]", "terseLabel": "Cumulative Translation Adjustments balance [Table]" } } }, "localname": "CumulativeTranslationAdjustmentsbalanceTable", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "stringItemType" }, "cns_DeferredTaxAssetsDividendEquivalentsOnUnvestedRestrictedStockUnits": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 3.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Assets, Dividend Equivalents on Unvested Restricted Stock Units", "label": "Deferred Tax Assets, Dividend Equivalents on Unvested Restricted Stock Units", "terseLabel": "Dividend equivalents on unvested restricted stock units" } } }, "localname": "DeferredTaxAssetsDividendEquivalentsOnUnvestedRestrictedStockUnits", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "cns_DeferredTaxAssetsLiabilitiesGross": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredTaxAssetsLiabilitiesNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Assets (Liabilities), Gross", "label": "Deferred Tax Assets (Liabilities), Gross", "totalLabel": "Subtotal" } } }, "localname": "DeferredTaxAssetsLiabilitiesGross", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "cns_DeferredTaxAssetsLiabilitiesOtherAdjustments": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 6.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax Assets (Liabilities), Other Adjustments", "label": "Deferred Tax Assets (Liabilities), Other Adjustments", "terseLabel": "Other" } } }, "localname": "DeferredTaxAssetsLiabilitiesOtherAdjustments", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "cns_DeferredTaxliabilityTaxDeferredExpenseCompensationandBenefitsDeferredCompensation": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 4.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Deferred Tax liability, Tax Deferred Expense, Compensation and Benefits, Deferred Compensation", "label": "Deferred Tax liability, Tax Deferred Expense, Compensation and Benefits, Deferred Compensation", "negatedTerseLabel": "Deferred compensation" } } }, "localname": "DeferredTaxliabilityTaxDeferredExpenseCompensationandBenefitsDeferredCompensation", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "cns_DefinedContributionPlanForfeituresDuringPeriod": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Defined Contribution Plan, Forfeitures During Period", "label": "Defined Contribution Plan, Forfeitures During Period", "terseLabel": "Forfeitures during period" } } }, "localname": "DefinedContributionPlanForfeituresDuringPeriod", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "monetaryItemType" }, "cns_DerivativesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Derivatives [Abstract]", "label": "Derivatives [Abstract]" } } }, "localname": "DerivativesAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_DistributionandServiceFeeExpensePolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Distribution and Service Fee Expense [Policy Text Block]", "label": "Distribution and Service Fee Expense [Policy Text Block]", "terseLabel": "Distribution and Service Fee Expense" } } }, "localname": "DistributionandServiceFeeExpensePolicyTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "cns_DistributionandServiceFeeRevenuePolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Distribution and Service Fee Revenue [Policy Text Block]", "label": "Distribution and Service Fee Revenue [Policy Text Block]", "terseLabel": "Distribution and Service Fee Revenue" } } }, "localname": "DistributionandServiceFeeRevenuePolicyTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "cns_DocumentAndEntityInformationAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Document and Entity Information [Abstract]", "label": "Document and Entity Information [Abstract]" } } }, "localname": "DocumentAndEntityInformationAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_DueFromBrokerMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Due From Broker [Member]", "label": "Due From Broker [Member]", "terseLabel": "Due from brokers" } } }, "localname": "DueFromBrokerMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "domainItemType" }, "cns_EmployeeStockPurchasePlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Employee Stock Purchase Plan [Member]", "label": "Employee Stock Purchase Plan [Member]", "terseLabel": "Employee Stock Purchase Plan" } } }, "localname": "EmployeeStockPurchasePlanMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "domainItemType" }, "cns_FairValueValuationTechniqueUnobservableInputsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fair Value, Valuation Technique, Unobservable Inputs [Table Text Block]", "label": "Fair Value, Valuation Technique, Unobservable Inputs [Table Text Block]", "terseLabel": "Fair Value, Valuation Technique, Unobservable Inputs" } } }, "localname": "FairValueValuationTechniqueUnobservableInputsTableTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/FairValueTables" ], "xbrltype": "textBlockItemType" }, "cns_FundManagementContractsMemberMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fund Management Contracts Member [Member]", "label": "Fund Management Contracts Member [Member]", "terseLabel": "Fund Management Contracts Member" } } }, "localname": "FundManagementContractsMemberMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "domainItemType" }, "cns_GLISICAVGRPCIPSICAVGREandSICAVRAPMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member]", "label": "GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member]", "terseLabel": "GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member]" } } }, "localname": "GLISICAVGRPCIPSICAVGREandSICAVRAPMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_GLISICAVGRPCIPSICAVPreferredandSICAVRAPMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member] [Member]", "label": "GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member]", "terseLabel": "GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member]" } } }, "localname": "GLISICAVGRPCIPSICAVPreferredandSICAVRAPMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_IncentiveBonusPlansForEmployeesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Incentive Bonus Plans for Employees [Member]", "label": "Incentive Bonus Plans for Employees [Member]", "terseLabel": "Incentive Bonus Plans for Employees" } } }, "localname": "IncentiveBonusPlansForEmployeesMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "domainItemType" }, "cns_IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 17.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Increase (Decrease) In Operating Lease Liability, Noncurrent", "label": "Increase (Decrease) In Operating Lease Liability, Noncurrent", "terseLabel": "Operating lease liabilities" } } }, "localname": "IncreaseDecreaseInOperatingLeaseLiabilityNoncurrent", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "cns_InstitutionalAccountsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Institutional Accounts [Member]", "label": "Institutional Accounts [Member]", "terseLabel": "Institutional accounts" } } }, "localname": "InstitutionalAccountsMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "cns_InvestmentAdvisoryAndAdministrationFeesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Investment Advisory and Administration Fees [Member]", "label": "Investment Advisory and Administration Fees [Member]", "terseLabel": "Investment advisory and administration fees" } } }, "localname": "InvestmentAdvisoryAndAdministrationFeesMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "cns_LongTermCommittmentFundedAmount": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Long-term committment, funded amount", "label": "Long-term committment, funded amount", "terseLabel": "Long-term committment, funded amount" } } }, "localname": "LongTermCommittmentFundedAmount", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "cns_LongTermPurchaseCommitmentsTimePeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Long-term Purchase Commitments, Time Period", "label": "Long-term Purchase Commitments, Time Period", "terseLabel": "Long-term Purchase Commitments, Time Period" } } }, "localname": "LongTermPurchaseCommitmentsTimePeriod", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "durationItemType" }, "cns_MandatoryPlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Mandatory Plan [Member]", "label": "Mandatory Plan [Member]", "terseLabel": "Mandatory Plan" } } }, "localname": "MandatoryPlanMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "domainItemType" }, "cns_NewAccountingPronouncementsAdoptedPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "New Accounting Pronouncements Adopted [Policy Text Block]", "label": "New Accounting Pronouncements Adopted [Policy Text Block]", "terseLabel": "Recently Adopted Accounting Pronouncements" } } }, "localname": "NewAccountingPronouncementsAdoptedPolicyTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "cns_NumberOfNewFundsSeeded": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Number Of New Funds Seeded", "label": "Number Of New Funds Seeded", "terseLabel": "Number of new funds seeded" } } }, "localname": "NumberOfNewFundsSeeded", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "integerItemType" }, "cns_OneInstitutionalSeperateAccountRelationshipMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "One Institutional Seperate Account Relationship [Member]", "label": "One Institutional Seperate Account Relationship [Member]", "terseLabel": "Daiwa Asset Management" } } }, "localname": "OneInstitutionalSeperateAccountRelationshipMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "cns_OpenEndInvestmentFundsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Open-End Investment Funds [Member]", "label": "Open-End Investment Funds [Member]", "terseLabel": "Open-end funds" } } }, "localname": "OpenEndInvestmentFundsMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "cns_OrganizationAndDescriptionOfBusinessAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Organization and Description of Business [Abstract]", "label": "Organization and Description of Business [Abstract]" } } }, "localname": "OrganizationAndDescriptionOfBusinessAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_PortfolioConsultingAndOtherRevenueMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Portfolio Consulting and Other Revenue [Member]", "label": "Portfolio Consulting and Other Revenue [Member]", "terseLabel": "Other (2)" } } }, "localname": "PortfolioConsultingAndOtherRevenueMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "cns_ProfitSharingPlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Profit Sharing Plan [Member]", "label": "Profit Sharing Plan [Member]", "terseLabel": "The Plan" } } }, "localname": "ProfitSharingPlanMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "domainItemType" }, "cns_RelatedPartyTransactionsAvailableforsaleSecuritiesGrossRealizedGains": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Related Party Transactions, Available-for-sale Securities, Gross Realized Gains", "label": "Related Party Transactions, Available-for-sale Securities, Gross Realized Gains", "terseLabel": "Gross realized gains" } } }, "localname": "RelatedPartyTransactionsAvailableforsaleSecuritiesGrossRealizedGains", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_RelatedPartyTransactionsAvailableforsaleSecuritiesGrossRealizedLosses": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Related Party Transactions, Available-for-sale Securities, Gross Realized Losses", "label": "Related Party Transactions, Available-for-sale Securities, Gross Realized Losses", "negatedTerseLabel": "Gross realized losses, including other-than-temporary impairment" } } }, "localname": "RelatedPartyTransactionsAvailableforsaleSecuritiesGrossRealizedLosses", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_RelatedPartyTransactionsDividendIncome": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Related Party Transactions, Dividend Income", "label": "Related Party Transactions, Dividend Income", "terseLabel": "Dividend income" } } }, "localname": "RelatedPartyTransactionsDividendIncome", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_RelatedPartyTransactionsProceedsfromSaleMaturityandCollectionofInvestments": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Related Party Transactions, Proceeds from Sale, Maturity and Collection of Investments", "label": "Related Party Transactions, Proceeds from Sale, Maturity and Collection of Investments", "terseLabel": "Proceeds from sales" } } }, "localname": "RelatedPartyTransactionsProceedsfromSaleMaturityandCollectionofInvestments", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_RelatedPartyTransactionsRevenueAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Related Party Transactions, Revenue [Abstract]", "label": "Related Party Transactions, Revenue [Abstract]", "terseLabel": "Related Party Transactions Revenue [Abstract]" } } }, "localname": "RelatedPartyTransactionsRevenueAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "cns_RelatedPartyTransactionsSummaryAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Related Party Transactions Summary [Abstract]", "label": "Related Party Transactions Summary [Abstract]", "terseLabel": "Related Party Transactions Summary [Abstract]" } } }, "localname": "RelatedPartyTransactionsSummaryAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "cns_RevenueFromRelatedPartiesDistributionAndServiceFees": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails": { "order": 2.0, "parentTag": "us-gaap_RevenueFromRelatedParties", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Revenue From Related Parties, Distribution and Service Fees", "label": "Revenue From Related Parties, Distribution and Service Fees", "terseLabel": "Distribution and service fees" } } }, "localname": "RevenueFromRelatedPartiesDistributionAndServiceFees", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_RevenueFromRelatedPartiesInvestmentAdvisoryAndAdministrativeFees": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails": { "order": 1.0, "parentTag": "us-gaap_RevenueFromRelatedParties", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Revenue from Related Parties, Investment advisory and administrative fees", "label": "Revenue From Related Parties, Investment Advisory and Administrative Fees", "terseLabel": "Investment advisory and administrative fees" } } }, "localname": "RevenueFromRelatedPartiesInvestmentAdvisoryAndAdministrativeFees", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "cns_ScheduleOfIntangibleAssetsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule of Intangible Assets [Table Text Block]", "label": "Schedule of Intangible Assets [Table Text Block]", "terseLabel": "Schedule of Intangible Assets" } } }, "localname": "ScheduleOfIntangibleAssetsTableTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsTables" ], "xbrltype": "textBlockItemType" }, "cns_ScheduleofTransitionTaxLiabilityFiscalYearMaturityScheduleTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule [Table Text Block]", "label": "Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule [Table Text Block]", "terseLabel": "Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule" } } }, "localname": "ScheduleofTransitionTaxLiabilityFiscalYearMaturityScheduleTableTextBlock", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "cns_SecuritiesOwnedAndEquityInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities Owned and Equity Investments [Abstract]", "label": "Securities Owned and Equity Investments [Abstract]", "terseLabel": "Trading, Equity Method Investments and Available-for-Sale Investments [Abstract]" } } }, "localname": "SecuritiesOwnedAndEquityInvestmentsAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "cns_SecuritiesRegisteredDomesticallyMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities Registered Domestically [Member]", "label": "Securities Registered Domestically [Member]", "terseLabel": "Securities Registered Domestically" } } }, "localname": "SecuritiesRegisteredDomesticallyMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "domainItemType" }, "cns_SecuritiesRegulatedByForeignEntitiesAsiaMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities Regulated By Foreign Entities - Asia [Member] [Member]", "label": "Securities Regulated By Foreign Entities - Asia [Member]", "terseLabel": "Securities Regulated By Foreign Entities - Asia [Member]" } } }, "localname": "SecuritiesRegulatedByForeignEntitiesAsiaMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "domainItemType" }, "cns_SecuritiesRegulatedByForeignEntitiesJapanMemberDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities Regulated By Foreign Entities - Japan [Member]", "label": "Securities Regulated By Foreign Entities - Japan [Member] [Domain]", "terseLabel": "Securities Regulated By Foreign Entities - Japan [Member] [Domain]" } } }, "localname": "SecuritiesRegulatedByForeignEntitiesJapanMemberDomain", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "domainItemType" }, "cns_SecuritiesRegulatedByForeignEntitiesUKMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Securities Reguluated By Foreign Entities - UK [Member]", "label": "Securities Regulated By Foreign Entities - UK [Member]", "terseLabel": "Securities Regulated By Foreign Entities - UK [Member]" } } }, "localname": "SecuritiesRegulatedByForeignEntitiesUKMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "domainItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualAggregatePurchasesPerEmployee": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAnnualAggregatePurchasesPerEmployee", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "monetaryItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDelivered": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Delivered", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Delivered", "negatedLabel": "Delivered (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsDelivered", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedDelivered": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered", "negatedTerseLabel": "Delivered (shares)", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedDelivered", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "sharesItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedDeliveredInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered in Period, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Delivered, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedDeliveredInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedGrantsInPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period", "terseLabel": "Granted (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedGrantsInPeriod", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "sharesItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Granted, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number", "periodEndLabel": "Balance at End of Period (shares)", "periodStartLabel": "Balance at Beginning of Period (shares)", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumber", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "sharesItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumberOfSharesRollForwardRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedNumberOfSharesRollForwardRollForward", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value", "periodEndLabel": "Balance at end of period, Weighted Average Grant Date Fair Value (usd per share)", "periodStartLabel": "Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share)", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValueAbstractAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedWeightedAverageGrantDateFairValueAbstractAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardIncentiveBonusPlansRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardIncentiveBonusPlansRollForward", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "stringItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardIncentiveBonusPlansWeightedAverageGrantDateFairValueRollForwardRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward] [Roll Forward]", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward] [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardIncentiveBonusPlansWeightedAverageGrantDateFairValueRollForwardRollForward", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "stringItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsDelivered": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered", "negatedTerseLabel": "Delivered (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsDelivered", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsDeliveredWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Delivered, Weighted Average Grant Date Fair Value", "terseLabel": "Delivered, Weighted Average Grant Date Fair Value (usd per share)", "verboseLabel": "Delivered, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsDeliveredWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures, Weighted Average Grant Date Fair Value", "terseLabel": "Forfeited, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeituresWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted, Weighted Average Grant Date Fair Value", "terseLabel": "Granted, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGrantedWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "cns_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDateFairValue": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Weighted Average Grant Date Fair Value", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Weighted Average Grant Date Fair Value", "periodEndLabel": "Balance at end of period, Weighted Average Grant Date Fair Value (usd per share)", "periodStartLabel": "Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingWeightedAverageGrantDateFairValue", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "cns_StatementofStockholdersEquityParentheticalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Statement of Stockholders' Equity Parenthetical [Abstract]", "label": "Statement of Stockholders' Equity Parenthetical [Abstract]" } } }, "localname": "StatementofStockholdersEquityParentheticalAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "xbrltype": "stringItemType" }, "cns_StockIncentivePlanMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "2004 Stock Incentive Plan [Member]", "label": "Stock Incentive Plan [Member]", "terseLabel": "Stock Incentive Plan" } } }, "localname": "StockIncentivePlanMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "cns_SummaryofInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Summary of Investments [Abstract]", "label": "Summary of Investments [Abstract]", "terseLabel": "Summary of Investments [Abstract]" } } }, "localname": "SummaryofInvestmentsAbstract", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability", "terseLabel": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability", "totalLabel": "Total" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails", "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearFive": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 5.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Five", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Five", "terseLabel": "2024" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearFive", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearFour": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 4.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Four", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Four", "terseLabel": "2023" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearFour", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearOne": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 1.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year One", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year One", "terseLabel": "2020" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearOne", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearSix": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 6.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Six", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Six", "terseLabel": "2025" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearSix", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearThree": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 3.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Three", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Three", "terseLabel": "2022" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearThree", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearTwo": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails": { "order": 2.0, "parentTag": "cns_TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiability", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Two", "label": "Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability, Year Two", "terseLabel": "2021" } } }, "localname": "TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxLiabilityYearTwo", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails" ], "xbrltype": "monetaryItemType" }, "cns_TheCohenSteersGlobalRealtyFocusFundaseriesofCohenSteersSeriesLPGRFMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF) [Member]", "label": "The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF) [Member]", "terseLabel": "The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF)" } } }, "localname": "TheCohenSteersGlobalRealtyFocusFundaseriesofCohenSteersSeriesLPGRFMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "cns_TheCohenSteersGlobalRealtyPartnersIIITEL.P.Member": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The Cohen & Steers Global Realty Partners III-TE, L.P. [Member]", "label": "The Cohen & Steers Global Realty Partners III-TE, L.P. [Member]", "terseLabel": "The Cohen & Steers Global Realty Partners III-TE, L.P." } } }, "localname": "TheCohenSteersGlobalRealtyPartnersIIITEL.P.Member", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "cns_TheCohenSteersPreferredSecuritiesandIncomeSMASharesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The Cohen & Steers Preferred Securities and Income SMA Shares [Member]", "label": "The Cohen & Steers Preferred Securities and Income SMA Shares [Member]", "terseLabel": "The Cohen & Steers Preferred Securities and Income SMA Shares [Member]" } } }, "localname": "TheCohenSteersPreferredSecuritiesandIncomeSMASharesMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" ], "xbrltype": "domainItemType" }, "cns_TheCohenSteersSICAVGlobalListedInfrastructureFundMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The Cohen & Steers SICAV Global Listed Infrastructure Fund [Member]", "label": "The Cohen & Steers SICAV Global Listed Infrastructure Fund [Member]", "terseLabel": "GLI SICAV" } } }, "localname": "TheCohenSteersSICAVGlobalListedInfrastructureFundMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "cns_VestedRestrictedStockUnitsRsusMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Vested Restricted Stock Units (RSU's) [Member]", "label": "Vested Restricted Stock Units (RSUs) [Member]", "terseLabel": "Vested Restricted Stock Units (RSUs)" } } }, "localname": "VestedRestrictedStockUnitsRsusMember", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "cns_VestingPeriodOfUnvestedEmployeeStockCompensationPeriod": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Vesting Period of Unvested Employee Stock Compensation, number of years", "label": "Vesting Period Of Unvested Employee Stock Compensation, Period", "terseLabel": "Vesting period of unvested employee stock compensation, number of years" } } }, "localname": "VestingPeriodOfUnvestedEmployeeStockCompensationPeriod", "nsuri": "http://www.cohenandsteers.com/20191231", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "durationItemType" }, "country_JP": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "JAPAN", "terseLabel": "Japan" } } }, "localname": "JP", "nsuri": "http://xbrl.sec.gov/country/2017-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_CurrentFiscalYearEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "End date of current fiscal year in the format --MM-DD.", "label": "Current Fiscal Year End Date", "terseLabel": "Current Fiscal Year End Date" } } }, "localname": "CurrentFiscalYearEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gMonthDayItemType" }, "dei_DocumentAnnualReport": { "auth_ref": [ "r449" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as an annual report.", "label": "Document Annual Report", "terseLabel": "Document Annual Report" } } }, "localname": "DocumentAnnualReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_DocumentFiscalPeriodFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.", "label": "Document Fiscal Period Focus", "terseLabel": "Document Fiscal Period Focus" } } }, "localname": "DocumentFiscalPeriodFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fiscalPeriodItemType" }, "dei_DocumentFiscalYearFocus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.", "label": "Document Fiscal Year Focus", "terseLabel": "Document Fiscal Year Focus" } } }, "localname": "DocumentFiscalYearFocus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "gYearItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "dateItemType" }, "dei_DocumentTransitionReport": { "auth_ref": [ "r448" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true only for a form used as a transition report.", "label": "Document Transition Report", "terseLabel": "Document Transition Report" } } }, "localname": "DocumentTransitionReport", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "submissionTypeItemType" }, "dei_EntitiesTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Container to assemble all relevant information about each entity associated with the document instance", "label": "Entities [Table]", "terseLabel": "Entities [Table]" } } }, "localname": "EntitiesTable", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityCommonStockSharesOutstanding": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.", "label": "Entity Common Stock, Shares Outstanding", "terseLabel": "Entity Common Stock, Shares Outstanding" } } }, "localname": "EntityCommonStockSharesOutstanding", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "sharesItemType" }, "dei_EntityCurrentReportingStatus": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Current Reporting Status", "terseLabel": "Entity Current Reporting Status" } } }, "localname": "EntityCurrentReportingStatus", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "All the names of the entities being reported upon in a document. Any legal structure used to conduct activities or to hold assets. Some examples of such structures are corporations, partnerships, limited liability companies, grantor trusts, and other trusts. This item does not include business and geographical segments which are included in the geographical or business segments domains.", "label": "Entity [Domain]", "terseLabel": "Entity [Domain]" } } }, "localname": "EntityDomain", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "domainItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "fileNumberItemType" }, "dei_EntityFilerCategory": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.", "label": "Entity Filer Category", "terseLabel": "Entity Filer Category" } } }, "localname": "EntityFilerCategory", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "filerCategoryItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation, State or Country Code", "terseLabel": "Entity Incorporation, State or Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityInformationLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Entity Information [Line Items]", "terseLabel": "Entity Information" } } }, "localname": "EntityInformationLineItems", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_EntityInteractiveDataCurrent": { "auth_ref": [ "r451" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).", "label": "Entity Interactive Data Current", "terseLabel": "Entity Interactive Data Current" } } }, "localname": "EntityInteractiveDataCurrent", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityPublicFloat": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.", "label": "Entity Public Float", "terseLabel": "Entity Public Float" } } }, "localname": "EntityPublicFloat", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "monetaryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityShellCompany": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.", "label": "Entity Shell Company", "terseLabel": "Entity Shell Company" } } }, "localname": "EntityShellCompany", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntitySmallBusiness": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).", "label": "Entity Small Business", "terseLabel": "Entity Small Business" } } }, "localname": "EntitySmallBusiness", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "booleanItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r450" ], "lang": { "en-US": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "employerIdItemType" }, "dei_EntityVoluntaryFilers": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.", "label": "Entity Voluntary Filers", "terseLabel": "Entity Voluntary Filers" } } }, "localname": "EntityVoluntaryFilers", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_EntityWellKnownSeasonedIssuer": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.", "label": "Entity Well-known Seasoned Issuer", "terseLabel": "Entity Well-known Seasoned Issuer" } } }, "localname": "EntityWellKnownSeasonedIssuer", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "yesNoItemType" }, "dei_LegalEntityAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The set of legal entities associated with a report.", "label": "Legal Entity [Axis]", "terseLabel": "Legal Entity [Axis]" } } }, "localname": "LegalEntityAxis", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "stringItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "normalizedStringItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r446" ], "lang": { "en-US": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Title of 12(b) Security", "terseLabel": "Title of 12(b) Security" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r447" ], "lang": { "en-US": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2019-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument" ], "xbrltype": "tradingSymbolItemType" }, "invest_InvestmentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment [Line Items]", "terseLabel": "Investment [Line Items]" } } }, "localname": "InvestmentLineItems", "nsuri": "http://xbrl.sec.gov/invest/2013-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "srt_AffiliatedEntityMember": { "auth_ref": [ "r210", "r361", "r362", "r445" ], "lang": { "en-US": { "role": { "label": "Affiliated Entity [Member]", "terseLabel": "Affiliated Entity" } } }, "localname": "AffiliatedEntityMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "srt_EquityMethodInvesteeNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investment, Name [Domain]", "terseLabel": "Investment, Name [Domain]" } } }, "localname": "EquityMethodInvesteeNameDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "srt_EuropeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Europe [Member]", "terseLabel": "Europe, Middle East and Africa" } } }, "localname": "EuropeMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "srt_MajorCustomersAxis": { "auth_ref": [ "r136", "r199", "r202" ], "lang": { "en-US": { "role": { "label": "Customer [Axis]", "terseLabel": "Major Customers [Axis]" } } }, "localname": "MajorCustomersAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "stringItemType" }, "srt_MaximumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Maximum [Member]", "terseLabel": "Maximum" } } }, "localname": "MaximumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails", "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "srt_MinimumMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Minimum [Member]", "terseLabel": "Minimum" } } }, "localname": "MinimumMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "srt_NameOfMajorCustomerDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Customer [Domain]", "terseLabel": "Name of Major Customer [Domain]" } } }, "localname": "NameOfMajorCustomerDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "srt_NorthAmericaMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "North America [Member]", "terseLabel": "North America" } } }, "localname": "NorthAmericaMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "srt_PartnershipInterestMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Partnership Interest [Member]", "terseLabel": "Limited partnership interests" } } }, "localname": "PartnershipInterestMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "srt_ProductOrServiceAxis": { "auth_ref": [ "r134", "r199", "r200", "r431" ], "lang": { "en-US": { "role": { "label": "Product and Service [Axis]", "terseLabel": "Product and Service [Axis]" } } }, "localname": "ProductOrServiceAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "stringItemType" }, "srt_ProductsAndServicesDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Product and Service [Domain]", "terseLabel": "Product and Service [Domain]" } } }, "localname": "ProductsAndServicesDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "srt_RangeAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Range [Axis]", "terseLabel": "Range [Axis]" } } }, "localname": "RangeAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails", "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "srt_RangeMember": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Range [Domain]", "terseLabel": "Range [Domain]" } } }, "localname": "RangeMember", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails", "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis": { "auth_ref": [ "r152" ], "lang": { "en-US": { "role": { "label": "Investment, Name [Axis]", "terseLabel": "Investment, Name [Axis]" } } }, "localname": "ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "srt_SegmentGeographicalDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Geographical [Domain]", "terseLabel": "Geographical [Domain]" } } }, "localname": "SegmentGeographicalDomain", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "srt_StatementGeographicalAxis": { "auth_ref": [ "r135", "r199", "r201", "r442", "r444" ], "lang": { "en-US": { "role": { "label": "Geographical [Axis]", "terseLabel": "Geographical [Axis]" } } }, "localname": "StatementGeographicalAxis", "nsuri": "http://fasb.org/srt/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AccountingPoliciesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Accounting Policies [Abstract]" } } }, "localname": "AccountingPoliciesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_AccountingStandardsUpdate201602Member": { "auth_ref": [ "r346" ], "lang": { "en-US": { "role": { "documentation": "Accounting Standards Update 2016-02 Leases (Topic 842).", "label": "Accounting Standards Update 2016-02 [Member]", "terseLabel": "Accounting Standards Update 2016-02 [Member]" } } }, "localname": "AccountingStandardsUpdate201602Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AccountsPayableRelatedPartiesCurrent": { "auth_ref": [ "r23", "r90", "r361", "r362", "r363" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount for accounts payable to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Accounts Payable, Related Parties, Current", "terseLabel": "Accounts Payable, Company sponsored mutual funds" } } }, "localname": "AccountsPayableRelatedPartiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsReceivableNet": { "auth_ref": [ "r12", "r18", "r400", "r419" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 2.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "For an unclassified balance sheet, the amount due from customers or clients for goods or services that have been delivered or sold in the normal course of business, reduced to their estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.", "label": "Accounts Receivable, Net", "terseLabel": "Accounts receivable" } } }, "localname": "AccountsReceivableNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccountsReceivableRelatedPartiesCurrent": { "auth_ref": [ "r31", "r90", "r360", "r362", "r363" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of receivables arising from transactions with related parties due within one year or the normal operating cycle, if longer.", "label": "Accounts Receivable, Related Parties, Current", "terseLabel": "Receivables, Company sponsored mutual funds" } } }, "localname": "AccountsReceivableRelatedPartiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments": { "auth_ref": [ "r79" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 6.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Accretion (Amortization) of Discounts and Premiums, Investments", "negatedTerseLabel": "Amortization (accretion) of premium (discount) on held-to-maturity investments" } } }, "localname": "AccretionAmortizationOfDiscountsAndPremiumsInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment": { "auth_ref": [ "r22", "r171" ], "calculation": { "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails": { "order": 2.0, "parentTag": "us-gaap_PropertyPlantAndEquipmentNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.", "label": "Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment", "negatedTerseLabel": "Accumulated depreciation and amortization" } } }, "localname": "AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax": { "auth_ref": [ "r36", "r40", "r41", "r42", "r341", "r344" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.", "label": "Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax", "terseLabel": "Cumulative Foreign Currency Translation Adjustment, Net of Tax" } } }, "localname": "AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r40", "r41", "r42" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 4.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.", "label": "Accumulated Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Accumulated other comprehensive income, net of tax" } } }, "localname": "AccumulatedOtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_AccumulatedOtherComprehensiveIncomeMember": { "auth_ref": [ "r39", "r42", "r45", "r280" ], "lang": { "en-US": { "role": { "documentation": "Accumulated increase (decrease) in equity from transactions and other events and circumstances from non-owner sources, attributable to the parent. Excludes net income (loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners.", "label": "AOCI Attributable to Parent [Member]", "terseLabel": "Accumulated Other Comprehensive Income (Loss), Net of Tax" } } }, "localname": "AccumulatedOtherComprehensiveIncomeMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_AccumulatedTranslationAdjustmentMember": { "auth_ref": [ "r37", "r42", "r45", "r280" ], "lang": { "en-US": { "role": { "documentation": "Accumulated other comprehensive income (loss) resulting from foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to the parent.", "label": "Accumulated Foreign Currency Adjustment Attributable to Parent [Member]", "terseLabel": "Accumulated Translation Adjustment" } } }, "localname": "AccumulatedTranslationAdjustmentMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_AdditionalPaidInCapital": { "auth_ref": [ "r13" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 2.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.", "label": "Additional Paid in Capital", "terseLabel": "Additional paid-in capital" } } }, "localname": "AdditionalPaidInCapital", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdditionalPaidInCapitalMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders.", "label": "Additional Paid-in Capital [Member]", "terseLabel": "Additional Paid-in Capital" } } }, "localname": "AdditionalPaidInCapitalMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_AdjustmentsForNewAccountingPronouncementsAxis": { "auth_ref": [ "r94" ], "lang": { "en-US": { "role": { "documentation": "Information by new accounting pronouncement.", "label": "Adjustments for New Accounting Pronouncements [Axis]", "terseLabel": "Adjustments for New Accounting Pronouncements [Axis]" } } }, "localname": "AdjustmentsForNewAccountingPronouncementsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue": { "auth_ref": [ "r213", "r215", "r231", "r232" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase to additional paid-in capital (APIC) from recognition of equity-based compensation.", "label": "Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition", "terseLabel": "Amortization of restricted stock units" } } }, "localname": "AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Adjustments to reconcile net income to net cash provided by operating activities:" } } }, "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_AllocatedShareBasedCompensationExpense": { "auth_ref": [ "r215", "r228", "r230" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.", "label": "Allocated Share-based Compensation Expense", "terseLabel": "Allocated Share-based Compensation Expense" } } }, "localname": "AllocatedShareBasedCompensationExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfDeferredSalesCommissions": { "auth_ref": [ "r60", "r78" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of expense recognized in the current period for the periodic realization of capitalized fees that were paid to salespeople, distributors, brokers, and agents at the time of the conclusion of the sale. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Deferred Sales Commissions", "terseLabel": "Amortization of deferred commissions" } } }, "localname": "AmortizationOfDeferredSalesCommissions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_AmortizationOfIntangibleAssets": { "auth_ref": [ "r78", "r159", "r166" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Amortization of Intangible Assets", "terseLabel": "Amortization", "verboseLabel": "Amortization expense related to intangible assets" } } }, "localname": "AmortizationOfIntangibleAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsEstimatedFutureAmortizationExpenseDetails", "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount": { "auth_ref": [ "r104" ], "lang": { "en-US": { "role": { "documentation": "Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.", "label": "Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount", "terseLabel": "Anti-dilutive common stock equivalents excluded from computation (in shares)" } } }, "localname": "AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/EarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_Assets": { "auth_ref": [ "r130", "r396", "r421" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets", "terseLabel": "Total assets", "totalLabel": "Total assets" } } }, "localname": "Assets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AssetsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Assets [Abstract]", "terseLabel": "Assets:" } } }, "localname": "AssetsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "stringItemType" }, "us-gaap_AssetsFairValueDisclosure": { "auth_ref": [ "r317" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.", "label": "Assets, Fair Value Disclosure", "terseLabel": "Total investments" } } }, "localname": "AssetsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AvailableForSaleSecuritiesGrossRealizedGainLossNet": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 5.0, "parentTag": "us-gaap_GainLossOnInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the difference between the gross realized gains and losses realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities.", "label": "Available-for-sale Securities, Gross Realized Gain (Loss)", "terseLabel": "Gain (loss) from available-for-sale investments\u2014net" } } }, "localname": "AvailableForSaleSecuritiesGrossRealizedGainLossNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_AwardTypeAxis": { "auth_ref": [ "r216", "r229" ], "lang": { "en-US": { "role": { "documentation": "Information by award type pertaining to equity-based compensation.", "label": "Award Type [Axis]", "terseLabel": "Award Type [Axis]" } } }, "localname": "AwardTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BalanceSheetLocationAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by location on balance sheet (statement of financial position).", "label": "Balance Sheet Location [Axis]", "terseLabel": "Balance Sheet Location [Axis]" } } }, "localname": "BalanceSheetLocationAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_BalanceSheetLocationDomain": { "auth_ref": [ "r298", "r302" ], "lang": { "en-US": { "role": { "documentation": "Location in the balance sheet (statement of financial position).", "label": "Balance Sheet Location [Domain]", "terseLabel": "Balance Sheet Location [Domain]" } } }, "localname": "BalanceSheetLocationDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CashAndCashEquivalentsAtCarryingValue": { "auth_ref": [ "r1", "r19", "r80" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 1.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.", "label": "Cash and Cash Equivalents, at Carrying Value", "terseLabel": "Cash and cash equivalents" } } }, "localname": "CashAndCashEquivalentsAtCarryingValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsFairValueDisclosure": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash and Cash Equivalents, Fair Value Disclosure", "terseLabel": "Cash equivalents" } } }, "localname": "CashAndCashEquivalentsFairValueDisclosure", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes effect from exchange rate changes.", "label": "Cash and Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect", "totalLabel": "Net increase (decrease) in cash and cash equivalents" } } }, "localname": "CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_CashAndCashEquivalentsPolicyTextBlock": { "auth_ref": [ "r2", "r81", "r84", "r137" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.", "label": "Cash and Cash Equivalents, Policy [Policy Text Block]", "terseLabel": "Cash and Cash Equivalents" } } }, "localname": "CashAndCashEquivalentsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents": { "auth_ref": [ "r75", "r80", "r83" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.", "label": "Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents", "periodEndLabel": "Cash and cash equivalents, end of the year", "periodStartLabel": "Cash and cash equivalents, beginning of the year" } } }, "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ClassOfStockDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock.", "label": "Class of Stock [Domain]", "terseLabel": "Class of Stock [Domain]" } } }, "localname": "ClassOfStockDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ClassificationOfVariableInterestEntityDomain": { "auth_ref": [ "r281", "r282", "r283", "r284" ], "lang": { "en-US": { "role": { "documentation": "Categorization of Variable Interest Entities (VIE) for consolidation and (or) disclosure purposes, whether individually or in aggregate, by: (1) VIEs consolidated because the entity is the primary beneficiary, (2) VIEs not consolidated because the entity is not the primary beneficiary, and (3) VIEs or potential VIEs that are not consolidated because necessary information is not available. In general, a VIE is a corporation, partnership, trust, or any other legal structure used for business purposes that either (a) does not have equity investors with voting rights or (b) has equity investors that do not provide sufficient financial resources for the entity to support its activities. A VIE often holds financial assets, including loans or receivables, real estate or other property. A VIE may be essentially passive or it may engage in research and development or other activities on behalf of another company.", "label": "Variable Interest Entity, Classification [Domain]", "terseLabel": "Variable Interest Entity, Classification [Domain]" } } }, "localname": "ClassificationOfVariableInterestEntityDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommissionsPayableToBrokerDealersAndClearingOrganizations": { "auth_ref": [ "r391" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 6.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount payable to broker-dealers or clearing organizations for executing or clearing trades or orders.", "label": "Commissions Payable to Broker-Dealers and Clearing Organizations", "terseLabel": "Distribution and service fees payable" } } }, "localname": "CommissionsPayableToBrokerDealersAndClearingOrganizations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommitmentsAndContingencies": { "auth_ref": [ "r28", "r176", "r402", "r426" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 4.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.", "label": "Commitments and Contingencies", "terseLabel": "Commitments and contingencies" } } }, "localname": "CommitmentsAndContingencies", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "localname": "CommitmentsAndContingenciesDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "auth_ref": [ "r175", "r183" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for commitments and contingencies.", "label": "Commitments and Contingencies Disclosure [Text Block]", "terseLabel": "Commitments and Contingencies Disclosure" } } }, "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingencies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CommitmentsMember": { "auth_ref": [ "r6", "r174", "r397", "r418" ], "lang": { "en-US": { "role": { "documentation": "This element represents significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements.", "label": "Commitments [Member]", "terseLabel": "Commitments" } } }, "localname": "CommitmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommodityContractMember": { "auth_ref": [ "r208", "r306" ], "lang": { "en-US": { "role": { "documentation": "Derivative instrument whose primary underlying risk is tied to commodity prices.", "label": "Commodity Contract [Member]", "terseLabel": "Commodity futures" } } }, "localname": "CommodityContractMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockDividendsPerShareDeclared": { "auth_ref": [ "r192" ], "lang": { "en-US": { "role": { "documentation": "Aggregate dividends declared during the period for each share of common stock outstanding.", "label": "Common Stock, Dividends, Per Share, Declared", "terseLabel": "Dividends declared per share" } } }, "localname": "CommonStockDividendsPerShareDeclared", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Stock that is subordinate to all other stock of the issuer.", "label": "Common Stock [Member]", "terseLabel": "Common stock", "verboseLabel": "Common stocks" } } }, "localname": "CommonStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CommonStockParOrStatedValuePerShare": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "Face amount or stated value per share of common stock.", "label": "Common Stock, Par or Stated Value Per Share", "terseLabel": "Common stock, par value" } } }, "localname": "CommonStockParOrStatedValuePerShare", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical" ], "xbrltype": "perShareItemType" }, "us-gaap_CommonStockSharesAuthorized": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws.", "label": "Common Stock, Shares Authorized", "terseLabel": "Common stock, shares authorized" } } }, "localname": "CommonStockSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesIssued": { "auth_ref": [ "r11" ], "lang": { "en-US": { "role": { "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.", "label": "Common Stock, Shares, Issued", "terseLabel": "Common stock, shares issued" } } }, "localname": "CommonStockSharesIssued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockSharesOutstanding": { "auth_ref": [ "r11", "r191" ], "lang": { "en-US": { "role": { "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.", "label": "Common Stock, Shares, Outstanding", "periodEndLabel": "Ending balance (shares of common stock, net)", "periodStartLabel": "Beginning balance (shares of common stock, net)", "terseLabel": "Common stock, shares outstanding" } } }, "localname": "CommonStockSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_CommonStockValue": { "auth_ref": [ "r11" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 1.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.", "label": "Common Stock, Value, Issued", "terseLabel": "Common stock, $0.01 par value; 500,000,000 shares authorized; 52,580,246 and 51,818,186 shares issued at December 31, 2019 and 2018, respectively" } } }, "localname": "CommonStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_CompensationRelatedCostsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Compensation Related Costs [Abstract]" } } }, "localname": "CompensationRelatedCostsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_CompensationRelatedCostsGeneralTextBlock": { "auth_ref": [ "r207" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for compensation costs, including compensated absences accruals, compensated absences liability, deferred compensation arrangements and income statement compensation items. Deferred compensation arrangements may include a description of an arrangement with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares (units) issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.", "label": "Compensation Related Costs, General [Text Block]", "terseLabel": "401 (k) and Profit-Sharing Plan" } } }, "localname": "CompensationRelatedCostsGeneralTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlan" ], "xbrltype": "textBlockItemType" }, "us-gaap_ComprehensiveIncomeNetOfTax": { "auth_ref": [ "r48", "r50", "r51" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.", "label": "Comprehensive Income (Loss), Net of Tax, Attributable to Parent", "totalLabel": "Total comprehensive income attributable to common stockholders" } } }, "localname": "ComprehensiveIncomeNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_ComprehensiveIncomePolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for comprehensive income.", "label": "Comprehensive Income, Policy [Policy Text Block]", "terseLabel": "Comprehensive Income" } } }, "localname": "ComprehensiveIncomePolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ComputerSoftwareIntangibleAssetMember": { "auth_ref": [ "r272" ], "lang": { "en-US": { "role": { "documentation": "Collection of computer programs and related data that provide instructions to a computer, for example, but not limited to, application program, control module or operating system, that perform one or more particular functions or tasks.", "label": "Computer Software, Intangible Asset [Member]", "terseLabel": "Software" } } }, "localname": "ComputerSoftwareIntangibleAssetMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ConcentrationRiskByTypeAxis": { "auth_ref": [ "r119", "r120", "r334", "r335", "r432" ], "lang": { "en-US": { "role": { "documentation": "Information by type of concentration risk, for example, but not limited to, asset, liability, net assets, geographic, customer, employees, supplier, lender.", "label": "Concentration Risk Type [Axis]", "terseLabel": "Concentration Risk by Type [Axis]" } } }, "localname": "ConcentrationRiskByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskDisclosureTextBlock": { "auth_ref": [ "r125" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.", "label": "Concentration Risk Disclosure [Text Block]", "terseLabel": "Concentration of Credit Risk" } } }, "localname": "ConcentrationRiskDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRisk" ], "xbrltype": "textBlockItemType" }, "us-gaap_ConcentrationRiskLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Concentration Risk [Line Items]", "terseLabel": "Concentration Risk (Line Items)" } } }, "localname": "ConcentrationRiskLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskPercentage1": { "auth_ref": [ "r119", "r120", "r334", "r335" ], "lang": { "en-US": { "role": { "documentation": "For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the \"benchmark\" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.", "label": "Concentration Risk, Percentage", "terseLabel": "Percent of total revenue" } } }, "localname": "ConcentrationRiskPercentage1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ConcentrationRiskTable": { "auth_ref": [ "r117", "r119", "r120", "r121", "r334", "r336" ], "lang": { "en-US": { "role": { "documentation": "Describes the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.", "label": "Concentration Risk [Table]", "terseLabel": "Concentration Risk [Table]" } } }, "localname": "ConcentrationRiskTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ConcentrationRiskTypeDomain": { "auth_ref": [ "r119", "r120", "r334", "r335" ], "lang": { "en-US": { "role": { "documentation": "For an entity that discloses a concentration risk as a percentage of some financial balance or benchmark, identifies the type (for example, asset, liability, net assets, geographic, customer, employees, supplier, lender) of the concentration.", "label": "Concentration Risk Type [Domain]", "terseLabel": "Concentration Risk Type [Domain]" } } }, "localname": "ConcentrationRiskTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ConsolidationPolicyTextBlock": { "auth_ref": [ "r84", "r275", "r288", "r289" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary.", "label": "Consolidation, Policy [Policy Text Block]", "terseLabel": "Consolidation of Company-sponsored Funds" } } }, "localname": "ConsolidationPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_CostMethodInvestmentsRealizedGainLoss": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 1.0, "parentTag": "us-gaap_GainLossOnInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the gain (loss) realized during the period from the sale of investments accounted for under the cost method of accounting and any losses recognized thereon for impairments of other than a temporary nature.", "label": "Cost-method Investments, Realized Gain (Loss)", "terseLabel": "Net realized gains (losses) during the period" } } }, "localname": "CostMethodInvestmentsRealizedGainLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption.", "label": "Cumulative Effect of New Accounting Principle in Period of Adoption", "terseLabel": "Cumulative Effect of New Accounting Principle in Period of Adoption" } } }, "localname": "CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentFederalTaxExpenseBenefit": { "auth_ref": [ "r85", "r261", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current Federal Tax Expense (Benefit)", "terseLabel": "U.S. federal" } } }, "localname": "CurrentFederalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentForeignTaxExpenseBenefit": { "auth_ref": [ "r89", "r263" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 3.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current Foreign Tax Expense (Benefit)", "terseLabel": "Non-U.S." } } }, "localname": "CurrentForeignTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefit": { "auth_ref": [ "r85", "r261", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations.", "label": "Current Income Tax Expense (Benefit)", "totalLabel": "Total" } } }, "localname": "CurrentIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Current Income Tax Expense (Benefit), Continuing Operations [Abstract]", "terseLabel": "Current taxes:" } } }, "localname": "CurrentIncomeTaxExpenseBenefitContinuingOperationsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_CurrentStateAndLocalTaxExpenseBenefit": { "auth_ref": [ "r85", "r261", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_CurrentIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Current State and Local Tax Expense (Benefit)", "terseLabel": "State and local" } } }, "localname": "CurrentStateAndLocalTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_CustomerConcentrationRiskMember": { "auth_ref": [ "r118" ], "lang": { "en-US": { "role": { "documentation": "Reflects the percentage that revenues in the period from one or more significant customers is to net revenues, as defined by the entity, such as total net revenues, product line revenues, segment revenues. The risk is the materially adverse effects of loss of a significant customer.", "label": "Customer Concentration Risk [Member]", "terseLabel": "Customer Concentration Risk" } } }, "localname": "CustomerConcentrationRiskMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "us-gaap_CustomerRelationshipsMember": { "auth_ref": [ "r271" ], "lang": { "en-US": { "role": { "documentation": "Customer relationship that exists between an entity and its customer, for example, but not limited to, tenant relationships.", "label": "Customer Relationships [Member]", "terseLabel": "Client Relationships" } } }, "localname": "CustomerRelationshipsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DeferredCompensationArrangementWithIndividualPostretirementBenefitsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]", "terseLabel": "Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]" } } }, "localname": "DeferredCompensationArrangementWithIndividualPostretirementBenefitsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredFederalIncomeTaxExpenseBenefit": { "auth_ref": [ "r85", "r262", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Federal Income Tax Expense (Benefit)", "terseLabel": "U.S. federal" } } }, "localname": "DeferredFederalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredForeignIncomeTaxExpenseBenefit": { "auth_ref": [ "r85", "r262", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 3.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Foreign Income Tax Expense (Benefit)", "terseLabel": "Non-U.S." } } }, "localname": "DeferredForeignIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxExpenseBenefit": { "auth_ref": [ "r78", "r85", "r262", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 8.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred Income Tax Expense (Benefit)", "terseLabel": "Deferred income taxes", "totalLabel": "Deferred income taxes" } } }, "localname": "DeferredIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredIncomeTaxesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Deferred Income Taxes and Other Assets [Abstract]", "terseLabel": "Deferred taxes:" } } }, "localname": "DeferredIncomeTaxesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DeferredRentCredit": { "auth_ref": [ "r345" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cumulative difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property by the lessor or lessee, respectively.", "label": "Deferred Rent Credit", "negatedTerseLabel": "Deferred rent" } } }, "localname": "DeferredRentCredit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit": { "auth_ref": [ "r85", "r262", "r266" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredIncomeTaxExpenseBenefit", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations.", "label": "Deferred State and Local Income Tax Expense (Benefit)", "terseLabel": "State and local" } } }, "localname": "DeferredStateAndLocalIncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsCapitalLossCarryforwards": { "auth_ref": [ "r235", "r259", "r260" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible capital loss carryforwards.", "label": "Deferred Tax Assets, Capital Loss Carryforwards", "terseLabel": "Capital Loss Carryforward" } } }, "localname": "DeferredTaxAssetsCapitalLossCarryforwards", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsLiabilitiesNet": { "auth_ref": [ "r257" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount, after allocation of valuation allowances and deferred tax liability, of deferred tax asset attributable to deductible differences and carryforwards, without jurisdictional netting.", "label": "Deferred Tax Assets, Net", "totalLabel": "Deferred income tax asset\u2014net" } } }, "localname": "DeferredTaxAssetsLiabilitiesNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsNetNoncurrent": { "auth_ref": [ "r240", "r241", "r242", "r243", "r255" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 7.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as noncurrent.", "label": "Deferred Tax Assets, Net of Valuation Allowance, Noncurrent", "terseLabel": "Deferred income tax asset\u2014net" } } }, "localname": "DeferredTaxAssetsNetNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwards": { "auth_ref": [ "r234", "r259", "r260" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 2.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards.", "label": "Deferred Tax Assets, Operating Loss Carryforwards", "terseLabel": "Realized losses on investments" } } }, "localname": "DeferredTaxAssetsOperatingLossCarryforwards", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost": { "auth_ref": [ "r234", "r259", "r260" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 1.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from share-based compensation.", "label": "Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost", "terseLabel": "Stock-based compensation" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent": { "auth_ref": [ "r234", "r259", "r260" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 5.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from deferred rent.", "label": "Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Deferred Rent", "terseLabel": "Lease liabilities" } } }, "localname": "DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsUnrealizedLossesOnTradingSecurities": { "auth_ref": [ "r235", "r259" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 8.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from unrealized losses on trading securities.", "label": "Deferred Tax Assets, Unrealized Losses on Trading Securities", "terseLabel": "Net unrealized (gains) losses on investments" } } }, "localname": "DeferredTaxAssetsUnrealizedLossesOnTradingSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxAssetsValuationAllowance": { "auth_ref": [ "r256" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 2.0, "parentTag": "us-gaap_DeferredTaxAssetsLiabilitiesNet", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized.", "label": "Deferred Tax Assets, Valuation Allowance", "negatedTerseLabel": "Less: valuation allowance" } } }, "localname": "DeferredTaxAssetsValuationAllowance", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities": { "auth_ref": [ "r235", "r259", "r260" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails": { "order": 7.0, "parentTag": "cns_DeferredTaxAssetsLiabilitiesGross", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of deferred tax liability attributable to taxable temporary differences from unrealized gains on trading securities.", "label": "Deferred Tax Liabilities, Unrealized Gains on Trading Securities", "negatedTerseLabel": "Net unrealized (gains) losses on investments" } } }, "localname": "DeferredTaxLiabilitiesUnrealizedGainsOnTradingSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DefinedContributionPlanEmployerDiscretionaryContributionAmount": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of discretionary contributions made by an employer to a defined contribution plan.", "label": "Defined Contribution Plan, Employer Discretionary Contribution Amount", "terseLabel": "Employer matching contributions" } } }, "localname": "DefinedContributionPlanEmployerDiscretionaryContributionAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DefinedContributionPlanEmployerMatchingContributionPercentOfMatch": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Percentage employer matches of the employee's percentage contribution matched.", "label": "Defined Contribution Plan, Employer Matching Contribution, Percent of Match", "terseLabel": "Employer Matching Contribution, Percent of Match" } } }, "localname": "DefinedContributionPlanEmployerMatchingContributionPercentOfMatch", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "percentItemType" }, "us-gaap_DepreciationAmortizationAndAccretionNet": { "auth_ref": [ "r78" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 4.0, "parentTag": "us-gaap_OperatingExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method.", "label": "Depreciation, Amortization and Accretion, Net", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationAmortizationAndAccretionNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_DepreciationAndAmortization": { "auth_ref": [ "r78", "r169" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.", "label": "Depreciation, Depletion and Amortization, Nonproduction", "terseLabel": "Depreciation and amortization" } } }, "localname": "DepreciationAndAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeAssetNotionalAmount": { "auth_ref": [ "r292", "r293", "r295" ], "lang": { "en-US": { "role": { "documentation": "Nominal or face amount used to calculate payments on the derivative asset.", "label": "Derivative Asset, Notional Amount", "terseLabel": "Derivative Asset, Notional Amount" } } }, "localname": "DerivativeAssetNotionalAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeAssets": { "auth_ref": [ "r33", "r34", "r333" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.", "label": "Derivative Asset", "terseLabel": "Derivative - assets" } } }, "localname": "DerivativeAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeContractTypeDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Financial instrument or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.", "label": "Derivative Contract [Domain]", "terseLabel": "Derivative Contract [Domain]" } } }, "localname": "DerivativeContractTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral": { "auth_ref": [ "r33", "r34", "r35", "r311" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value, after offset of derivative liability, of financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, before offset against an obligation to return collateral under a master netting arrangement. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement.", "label": "Derivative Asset, Fair Value, Amount Not Offset Against Collateral", "verboseLabel": "Derivative Assets, Fair Value" } } }, "localname": "DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral": { "auth_ref": [ "r33", "r34", "r35", "r311" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value, after offset of derivative asset, of financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, elected not to be and before offset against a right to receive collateral under a master netting arrangement. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement.", "label": "Derivative Liability, Fair Value, Amount Not Offset Against Collateral", "terseLabel": "Derivative Liabilities, Fair Value" } } }, "localname": "DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeGainLossOnDerivativeNet": { "auth_ref": [ "r300" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.", "label": "Derivative, Gain (Loss) on Derivative, Net", "terseLabel": "Derivative, Gain (Loss) on Derivative, Net" } } }, "localname": "DerivativeGainLossOnDerivativeNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeInstrumentRiskAxis": { "auth_ref": [ "r299", "r301", "r304", "r307" ], "lang": { "en-US": { "role": { "documentation": "Information by type of derivative contract.", "label": "Derivative Instrument [Axis]", "terseLabel": "Derivative Instrument [Axis]" } } }, "localname": "DerivativeInstrumentRiskAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DerivativeLiabilities": { "auth_ref": [ "r33", "r34", "r333" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.", "label": "Derivative Liability", "terseLabel": "Derivative - liabilities" } } }, "localname": "DerivativeLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeLiabilityNotionalAmount": { "auth_ref": [ "r292", "r293", "r295" ], "lang": { "en-US": { "role": { "documentation": "Nominal or face amount used to calculate payments on the derivative liability.", "label": "Derivative Liability, Notional Amount", "terseLabel": "Derivative Liability, Notional Amount" } } }, "localname": "DerivativeLiabilityNotionalAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_DerivativeLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Derivative [Line Items]", "terseLabel": "Derivative [Line Items]" } } }, "localname": "DerivativeLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DerivativeTable": { "auth_ref": [ "r91", "r291", "r294", "r295", "r296", "r297", "r303", "r304", "r310", "r312", "r313" ], "lang": { "en-US": { "role": { "documentation": "Schedule that describes and identifies a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.", "label": "Derivative [Table]", "terseLabel": "Derivative [Table]" } } }, "localname": "DerivativeTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DerivativesAndFairValueTextBlock": { "auth_ref": [ "r314", "r330" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for derivatives and fair value of assets and liabilities.", "label": "Derivatives and Fair Value [Text Block]", "terseLabel": "Derivatives" } } }, "localname": "DerivativesAndFairValueTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/Derivatives" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisaggregationOfRevenueLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Disaggregation of Revenue [Line Items]", "terseLabel": "Disaggregation of Revenue [Line Items]" } } }, "localname": "DisaggregationOfRevenueLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DisaggregationOfRevenueTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.", "label": "Disaggregation of Revenue [Table]", "terseLabel": "Disaggregation of Revenue [Table]" } } }, "localname": "DisaggregationOfRevenueTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DisaggregationOfRevenueTableTextBlock": { "auth_ref": [ "r199" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.", "label": "Disaggregation of Revenue [Table Text Block]", "terseLabel": "Disaggregation of Revenue" } } }, "localname": "DisaggregationOfRevenueTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock": { "auth_ref": [ "r196", "r233" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.", "label": "Disclosure of Compensation Related Costs, Share-based Payments [Text Block]", "terseLabel": "Stock-Based Compensation" } } }, "localname": "DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensation" ], "xbrltype": "textBlockItemType" }, "us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Disclosure of Compensation Related Costs, Share-based Payments [Abstract]" } } }, "localname": "DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock": { "auth_ref": [ "r216", "r229" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.", "label": "Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]", "terseLabel": "Disclosure of Share-based Compensation Arrangements by Share-based Payment Award" } } }, "localname": "DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_DistributionAndShareholderServiceMember": { "auth_ref": [ "r200" ], "lang": { "en-US": { "role": { "documentation": "Distribution and shareholder assistance. Distribution assistance includes, but is not limited to, marketing and selling fund shares, advertising, printing and mailing of prospectus and sale literature to investor. Shareholder assistance includes, but is not limited to, answering shareholder inquiry and providing shareholder with investment information.", "label": "Distribution and Shareholder Service [Member]", "terseLabel": "Distribution and Shareholder Service [Member]" } } }, "localname": "DistributionAndShareholderServiceMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DividendDeclaredMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Distribution of earnings in the form of cash, property or capital stock declared by the board of directors to be distributed to shareholders.", "label": "Dividend Declared [Member]", "terseLabel": "Dividend Declared" } } }, "localname": "DividendDeclaredMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_Dividends": { "auth_ref": [ "r192", "r408" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock.", "label": "Dividends", "negatedTerseLabel": "Dividends" } } }, "localname": "Dividends", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_DividendsAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information about distribution of earnings to shareholders including, but not limited to, cash, property or capital stock.", "label": "Dividends [Axis]", "terseLabel": "Dividends [Axis]" } } }, "localname": "DividendsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_DividendsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Distributions of earnings to shareholders including but not limited to cash, property or capital stock.", "label": "Dividends [Domain]", "terseLabel": "Dividends [Domain]" } } }, "localname": "DividendsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_DividendsShareBasedCompensation": { "auth_ref": [], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared and applicable to holders of share-based compensation, for example, but not limited to, non-vested shares, stock options, or restricted stock units.", "label": "Dividends, Share-based Compensation", "terseLabel": "Restricted stock unit dividend equivalents, net of forfeitures" } } }, "localname": "DividendsShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" ], "xbrltype": "monetaryItemType" }, "us-gaap_EarningsPerShareAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Earnings Per Share [Abstract]", "terseLabel": "Earnings per share attributable to common stockholders:" } } }, "localname": "EarningsPerShareAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "stringItemType" }, "us-gaap_EarningsPerShareBasic": { "auth_ref": [ "r55", "r95", "r100", "r101", "r102", "r103", "r106", "r405", "r430" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.", "label": "Earnings Per Share, Basic", "terseLabel": "Basic (in dollars per share)", "verboseLabel": "Basic earnings per share attributable to common stockholders (in dollars per share)" } } }, "localname": "EarningsPerShareBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareDiluted": { "auth_ref": [ "r55", "r95", "r100", "r101", "r102", "r103", "r106", "r405", "r430" ], "lang": { "en-US": { "role": { "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.", "label": "Earnings Per Share, Diluted", "terseLabel": "Diluted (in dollars per share)", "verboseLabel": "Diluted earnings per share attributable to common stockholders (in dollars per share)" } } }, "localname": "EarningsPerShareDiluted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_EarningsPerShareTextBlock": { "auth_ref": [ "r107" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for earnings per share.", "label": "Earnings Per Share [Text Block]", "terseLabel": "Earnings Per Share" } } }, "localname": "EarningsPerShareTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/EarningsPerShare" ], "xbrltype": "textBlockItemType" }, "us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents": { "auth_ref": [ "r340" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.", "label": "Effect of Exchange Rate on Cash and Cash Equivalents", "terseLabel": "Effect of foreign exchange rate changes on cash and cash equivalents" } } }, "localname": "EffectOfExchangeRateOnCashAndCashEquivalents", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "auth_ref": [ "r88", "r244", "r245" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Effective Income Tax Rate Reconciliation, Percent", "terseLabel": "Effective tax rate", "totalLabel": "Effective income tax rate" } } }, "localname": "EffectiveIncomeTaxRateContinuingOperations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails", "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 1.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss).", "label": "Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent", "terseLabel": "U.S. statutory tax rate" } } }, "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 2.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the income tax rates.", "label": "Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent", "terseLabel": "Tax Act" } } }, "localname": "EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 7.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": -1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile.", "label": "Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent", "negatedTerseLabel": "Foreign operations tax differential" } } }, "localname": "EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 4.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other nondeductible expenses.", "label": "Effective Income Tax Rate Reconciliation, Nondeductible Expense, Other, Percent", "terseLabel": "Non-deductible (gains) losses on investments" } } }, "localname": "EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 8.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments.", "label": "Effective Income Tax Rate Reconciliation, Other Adjustments, Percent", "terseLabel": "Other" } } }, "localname": "EffectiveIncomeTaxRateReconciliationOtherAdjustments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 5.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": -1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference, between reported income tax expense (benefit) and the expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, that is attributable to tax exempt income, equity in earnings (loss) of an unconsolidated subsidiary, minority interest income (expense), tax holiday, disposition of a business, disposition of an asset, repatriation of foreign earnings, repatriation of foreign earnings jobs creation act of 2004, change in enacted tax rate, prior year income taxes, change in deferred tax asset valuation allowance, and other adjustments.", "label": "Effective Income Tax Rate Reconciliation,Other Reconciling Items, Percent", "negatedTerseLabel": "Unrecognized tax benefits adjustments" } } }, "localname": "EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 3.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit).", "label": "Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent", "terseLabel": "State and local income taxes, net of federal income taxes" } } }, "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EffectiveIncomeTaxRateReconciliationTaxExemptIncome": { "auth_ref": [ "r244", "r245", "r265" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails": { "order": 6.0, "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": -1.0 } }, "lang": { "en-US": { "role": { "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income (loss) exempt from income taxes.", "label": "Effective Income Tax Rate Reconciliation, Tax Exempt Income, Percent", "negatedTerseLabel": "Non-taxable (gains) losses on investments" } } }, "localname": "EffectiveIncomeTaxRateReconciliationTaxExemptIncome", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EmployeeRelatedLiabilitiesCurrent": { "auth_ref": [ "r27" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 1.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Employee-related Liabilities, Current", "terseLabel": "Accrued compensation" } } }, "localname": "EmployeeRelatedLiabilitiesCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_EquipmentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tangible personal property used to produce goods and services.", "label": "Equipment [Member]", "terseLabel": "Equipment" } } }, "localname": "EquipmentMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquityComponentDomain": { "auth_ref": [ "r191" ], "lang": { "en-US": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc.", "label": "Equity Component [Domain]", "terseLabel": "Equity Component [Domain]" } } }, "localname": "EquityComponentDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_EquityMethodInvestmentOwnershipPercentage": { "auth_ref": [ "r152" ], "lang": { "en-US": { "role": { "documentation": "The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.", "label": "Equity Method Investment, Ownership Percentage", "terseLabel": "Ownership percentage" } } }, "localname": "EquityMethodInvestmentOwnershipPercentage", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "percentItemType" }, "us-gaap_EquityMethodInvestments": { "auth_ref": [ "r20", "r131", "r151" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 1.0, "parentTag": "us-gaap_Investments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized.", "label": "Equity Method Investments", "terseLabel": "Equity method investments", "verboseLabel": "Equity method" } } }, "localname": "EquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_EquityMethodInvestmentsMember": { "auth_ref": [ "r150" ], "lang": { "en-US": { "role": { "documentation": "Investment in the stock of an investee which is adjusted for the investor's share of the earnings or losses of the investee after the date of acquisition.", "label": "Equity Method Investments [Member]", "terseLabel": "Equity Method Investments [Member]" } } }, "localname": "EquityMethodInvestmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_EquitySecuritiesFvNi": { "auth_ref": [ "r331" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 3.0, "parentTag": "us-gaap_Investments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI).", "label": "Equity Securities, FV-NI", "terseLabel": "Equity investments at fair value" } } }, "localname": "EquitySecuritiesFvNi", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ExcessCapital": { "auth_ref": [ "r409" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount by which the company's Total Capital exceeds the minimum required for capital adequacy purposes.", "label": "Excess Capital", "terseLabel": "Excess Capital" } } }, "localname": "ExcessCapital", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ExpenseRelatedToDistributionOrServicingAndUnderwritingFees": { "auth_ref": [ "r407" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_OperatingExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expense related to distribution, servicing and underwriting fees.", "label": "Expense Related to Distribution or Servicing and Underwriting Fees", "terseLabel": "Distribution and service fees" } } }, "localname": "ExpenseRelatedToDistributionOrServicingAndUnderwritingFees", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable": { "auth_ref": [ "r316", "r317", "r318", "r319", "r326", "r327" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.", "label": "Fair Value Measurements, Recurring and Nonrecurring [Table]", "terseLabel": "Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Table]" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock": { "auth_ref": [ "r316", "r317", "r318", "r319", "r326", "r327" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.", "label": "Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]", "terseLabel": "Fair Value Measurements, Recurring and Nonrecurring" } } }, "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]", "terseLabel": "Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]" } } }, "localname": "FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "auth_ref": [ "r208", "r209", "r212", "r318", "r369" ], "lang": { "en-US": { "role": { "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Hierarchy and NAV [Axis]", "terseLabel": "Fair Value Hierarchy and NAV [Axis]" } } }, "localname": "FairValueByFairValueHierarchyLevelAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueByMeasurementFrequencyAxis": { "auth_ref": [ "r316" ], "lang": { "en-US": { "role": { "documentation": "Information by measurement frequency.", "label": "Measurement Frequency [Axis]", "terseLabel": "Measurement Frequency [Axis]" } } }, "localname": "FairValueByMeasurementFrequencyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "localname": "FairValueDisclosuresAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_FairValueDisclosuresTextBlock": { "auth_ref": [ "r330" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.", "label": "Fair Value Disclosures [Text Block]", "terseLabel": "Fair Value" } } }, "localname": "FairValueDisclosuresTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValue" ], "xbrltype": "textBlockItemType" }, "us-gaap_FairValueInputsLevel1Member": { "auth_ref": [ "r208", "r209", "r212", "r318", "r370" ], "lang": { "en-US": { "role": { "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.", "label": "Fair Value, Inputs, Level 1 [Member]", "terseLabel": "Level 1" } } }, "localname": "FairValueInputsLevel1Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel2Member": { "auth_ref": [ "r208", "r209", "r212", "r318", "r371" ], "lang": { "en-US": { "role": { "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets.", "label": "Fair Value, Inputs, Level 2 [Member]", "terseLabel": "Level 2" } } }, "localname": "FairValueInputsLevel2Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueInputsLevel3Member": { "auth_ref": [ "r208", "r209", "r212", "r318", "r372" ], "lang": { "en-US": { "role": { "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Inputs, Level 3 [Member]", "terseLabel": "Level 3" } } }, "localname": "FairValueInputsLevel3Member", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember": { "auth_ref": [ "r209", "r315", "r328" ], "lang": { "en-US": { "role": { "documentation": "Fair value measured at net asset value per share as practical expedient.", "label": "Fair Value Measured at Net Asset Value Per Share [Member]", "terseLabel": "Investments Measured at NAV" } } }, "localname": "FairValueMeasuredAtNetAssetValuePerShareMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementFrequencyDomain": { "auth_ref": [ "r316", "r325" ], "lang": { "en-US": { "role": { "documentation": "Provides the general categories used to describe the frequency with which financial assets and liabilities (as defined) are measured at fair value (on a recurring or nonrecurring basis).", "label": "Fair Value, Measurement Frequency [Domain]", "terseLabel": "Fair Value, Measurement Frequency [Domain]" } } }, "localname": "FairValueMeasurementFrequencyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1": { "auth_ref": [ "r321" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings", "negatedTerseLabel": "Realized gains" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss": { "auth_ref": [ "r322" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)", "negatedLabel": "Unrealized gains (losses)" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInOtherComprehensiveIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases": { "auth_ref": [ "r323" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of purchases of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases", "terseLabel": "Purchases / contributions" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales": { "auth_ref": [ "r323" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales", "negatedTerseLabel": "Sales / distributions" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3": { "auth_ref": [ "r324" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Transfers Into Level 3", "terseLabel": "Transfers into (out of) level 3" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue": { "auth_ref": [ "r320" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.", "label": "Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value", "periodEndLabel": "Ending Balance", "periodStartLabel": "Beginning Balance" } } }, "localname": "FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value.", "label": "Fair Value Hierarchy and NAV [Domain]", "terseLabel": "Fair Value, Measurements, Fair Value Hierarchy [Domain]" } } }, "localname": "FairValueMeasurementsFairValueHierarchyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueMeasurementsRecurringMember": { "auth_ref": [ "r316", "r325" ], "lang": { "en-US": { "role": { "documentation": "This item represents a description of the frequency with which certain items are measured at fair value. Items measured at fair value on a recurring basis generally include those items for which measurement inputs are readily available and which are measured at fair value at successive reporting periods.", "label": "Fair Value, Measurements, Recurring [Member]", "terseLabel": "Fair Value, Measurements, Recurring" } } }, "localname": "FairValueMeasurementsRecurringMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "auth_ref": [ "r84", "r329", "r332" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments.", "label": "Fair Value of Financial Instruments, Policy [Policy Text Block]", "terseLabel": "Valuation Techniques" } } }, "localname": "FairValueOfFinancialInstrumentsPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_FinanceLeaseRightOfUseAssetAmortization": { "auth_ref": [ "r349", "r350", "r357" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of amortization expense attributable to right-of-use asset from finance lease.", "label": "Finance Lease, Right-of-Use Asset, Amortization", "terseLabel": "Amortization of right-of-use assets" } } }, "localname": "FinanceLeaseRightOfUseAssetAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_FinancialInstrumentAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of financial instrument.", "label": "Financial Instrument [Axis]", "terseLabel": "Financial Instrument [Axis]" } } }, "localname": "FinancialInstrumentAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Financial Instruments Owned and Pledged as Collateral [Line Items]", "terseLabel": "Regulatory Requirements" } } }, "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralTable": { "auth_ref": [ "r373", "r375" ], "lang": { "en-US": { "role": { "documentation": "Financial instruments held by a broker-dealer for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.", "label": "Financial Instruments Owned and Pledged as Collateral [Table]", "terseLabel": "Regulatory Capital Requirements [Table]" } } }, "localname": "FinancialInstrumentsOwnedAndPledgedAsCollateralTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FinancialServiceMember": { "auth_ref": [ "r200" ], "lang": { "en-US": { "role": { "documentation": "Financial assistance, including, but not limited to, management and maintenance of depositor account, credit card, merchant discount, trust, investment and insurance.", "label": "Financial Service [Member]", "terseLabel": "Distribution and service fees" } } }, "localname": "FinancialServiceMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FinancialServiceOtherMember": { "auth_ref": [ "r200" ], "lang": { "en-US": { "role": { "documentation": "Financial assistance, including, but not limited to, management and maintenance of depositor account, credit card, merchant discount, trust, investment and insurance, classified as other.", "label": "Financial Service, Other [Member]", "terseLabel": "Other" } } }, "localname": "FinancialServiceOtherMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "domainItemType" }, "us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization": { "auth_ref": [ "r165" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Accumulated Amortization", "negatedLabel": "Client relationships, Accumulated Amortization" } } }, "localname": "FiniteLivedIntangibleAssetsAccumulatedAmortization", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsGross": { "auth_ref": [ "r165", "r377" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Gross", "netLabel": "Finite-lived intangible assets, gross", "terseLabel": "Client relationships, Gross Carrying Amount" } } }, "localname": "FiniteLivedIntangibleAssetsGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails", "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Finite-Lived Intangible Assets [Line Items]", "terseLabel": "Finite-Lived Intangible Assets [Line Items]" } } }, "localname": "FiniteLivedIntangibleAssetsLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FiniteLivedIntangibleAssetsNet": { "auth_ref": [ "r165" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Finite-Lived Intangible Assets, Net", "periodEndLabel": "Finite-Lived Intangible Assets", "verboseLabel": "Client relationships, Net" } } }, "localname": "FiniteLivedIntangibleAssetsNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails", "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_FiniteLivedIntangibleAssetsNetAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Finite-Lived Intangible Assets, Net [Abstract]", "terseLabel": "Finite-Lived Intangible Assets" } } }, "localname": "FiniteLivedIntangibleAssetsNetAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_FixedIncomeSecuritiesMember": { "auth_ref": [ "r208", "r212" ], "lang": { "en-US": { "role": { "documentation": "Investment that provides a return in the form of fixed periodic payments and eventual return of principal at maturity.", "label": "Fixed Income Securities [Member]", "terseLabel": "Fixed income" } } }, "localname": "FixedIncomeSecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ForeignCurrencyTransactionGainLossBeforeTax": { "auth_ref": [ "r337", "r338", "r339" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 9.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement.", "label": "Foreign Currency Transaction Gain (Loss), before Tax", "negatedLabel": "Foreign currency (gain) loss" } } }, "localname": "ForeignCurrencyTransactionGainLossBeforeTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock": { "auth_ref": [ "r84", "r339", "r344" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.", "label": "Foreign Currency Transactions and Translations Policy [Policy Text Block]", "terseLabel": "Currency Translation and Transactions" } } }, "localname": "ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ForeignExchangeContractMember": { "auth_ref": [ "r208", "r305" ], "lang": { "en-US": { "role": { "documentation": "Derivative instrument whose primary underlying risk is tied to foreign exchange rates.", "label": "Foreign Exchange Contract [Member]", "terseLabel": "Foreign exchange" } } }, "localname": "ForeignExchangeContractMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_FurnitureAndFixturesMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.", "label": "Furniture and Fixtures [Member]", "terseLabel": "Furniture and fixtures" } } }, "localname": "FurnitureAndFixturesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_GainLossOnInvestments": { "auth_ref": [ "r63", "r78", "r143" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 7.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 }, "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 }, "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of realized and unrealized gain (loss) on investment.", "label": "Gain (Loss) on Investments", "negatedLabel": "(Gain) loss from investments\u2014net", "terseLabel": "Gain (loss) from investments\u2014net", "totalLabel": "Gain (loss) from investments\u2014net" } } }, "localname": "GainLossOnInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GainLossOnInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Gain (Loss) on Investments [Abstract]", "terseLabel": "Gain (Loss) on Investments [Abstract]" } } }, "localname": "GainLossOnInvestmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_GainLossOnInvestmentsTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of realized and unrealized gain (loss) on investment in security.", "label": "Gain (Loss) on Securities [Table Text Block]", "terseLabel": "Gain (Loss) on Investments" } } }, "localname": "GainLossOnInvestmentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_GeneralAndAdministrativeExpense": { "auth_ref": [ "r61" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 3.0, "parentTag": "us-gaap_OperatingExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.", "label": "General and Administrative Expense", "terseLabel": "General and administrative" } } }, "localname": "GeneralAndAdministrativeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_Goodwill": { "auth_ref": [ "r154", "r155" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill", "periodEndLabel": "Ending balance", "periodStartLabel": "Beginning balance" } } }, "localname": "Goodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Goodwill and Intangible Assets Disclosure [Abstract]" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock": { "auth_ref": [ "r168" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for goodwill and intangible assets.", "label": "Goodwill and Intangible Assets Disclosure [Text Block]", "terseLabel": "Goodwill and Intangible Assets" } } }, "localname": "GoodwillAndIntangibleAssetsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssets" ], "xbrltype": "textBlockItemType" }, "us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock": { "auth_ref": [ "r84", "r157", "r162" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.", "label": "Goodwill and Intangible Assets, Policy [Policy Text Block]", "terseLabel": "Goodwill and Intangible Assets" } } }, "localname": "GoodwillAndIntangibleAssetsPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_GoodwillForeignCurrencyTranslationGainLoss": { "auth_ref": [ "r156" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized.", "label": "Goodwill, Foreign Currency Translation Gain (Loss)", "terseLabel": "Currency revaluation" } } }, "localname": "GoodwillForeignCurrencyTranslationGainLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_GoodwillRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Goodwill [Roll Forward]", "terseLabel": "Goodwill" } } }, "localname": "GoodwillRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_HeldToMaturitySecurities": { "auth_ref": [ "r140", "r144" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 4.0, "parentTag": "us-gaap_Investments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity", "terseLabel": "Held-to-maturity" } } }, "localname": "HeldToMaturitySecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldToMaturitySecuritiesFairValue": { "auth_ref": [ "r145" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of investment in debt security measured at amortized cost (held-to-maturity).", "label": "Debt Securities, Held-to-maturity, Fair Value", "terseLabel": "Debt Securities, Held-to-maturity, Fair Value" } } }, "localname": "HeldToMaturitySecuritiesFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_HeldtomaturitySecuritiesMember": { "auth_ref": [ "r147" ], "lang": { "en-US": { "role": { "documentation": "Investments in debt securities classified as held-to-maturity.", "label": "Held-to-maturity Securities [Member]", "terseLabel": "Held-to-maturity Securities [Member]" } } }, "localname": "HeldtomaturitySecuritiesMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic": { "auth_ref": [ "r87" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Domestic", "terseLabel": "U.S. income before provision for income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign": { "auth_ref": [ "r87" ], "calculation": { "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile.", "label": "Income (Loss) from Continuing Operations before Income Taxes, Foreign", "terseLabel": "Foreign income before provision for income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments": { "auth_ref": [ "r87" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_ProfitLoss", "weight": 1.0 }, "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments.", "label": "Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest", "totalLabel": "Income before provision for income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]", "terseLabel": "Income before provision for income taxes" } } }, "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IncomeLossFromEquityMethodInvestments": { "auth_ref": [ "r53", "r78", "r128", "r151", "r403", "r428" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 4.0, "parentTag": "us-gaap_GainLossOnInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee.", "label": "Income (Loss) from Equity Method Investments", "terseLabel": "Equity in earnings (losses) of affiliates\u2014net" } } }, "localname": "IncomeLossFromEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeStatementAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Statement [Abstract]" } } }, "localname": "IncomeStatementAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "localname": "IncomeTaxDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_IncomeTaxDisclosureTextBlock": { "auth_ref": [ "r269" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.", "label": "Income Tax Disclosure [Text Block]", "terseLabel": "Income Taxes" } } }, "localname": "IncomeTaxDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxes" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxExpenseBenefit": { "auth_ref": [ "r85", "r129", "r267" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_ProfitLoss", "weight": -1.0 }, "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.", "label": "Income Tax Expense (Benefit)", "terseLabel": "Provision for income taxes", "totalLabel": "Provision for income taxes" } } }, "localname": "IncomeTaxExpenseBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncomeTaxPolicyTextBlock": { "auth_ref": [ "r84", "r238", "r239", "r253", "r254", "r258", "r268", "r443" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.", "label": "Income Tax, Policy [Policy Text Block]", "terseLabel": "Income Taxes" } } }, "localname": "IncomeTaxPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IncomeTaxesPaidNet": { "auth_ref": [ "r82" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes.", "label": "Income Taxes Paid, Net", "terseLabel": "Income taxes paid, net" } } }, "localname": "IncomeTaxesPaidNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 16.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in obligations incurred but not paid, and operating obligations classified as other.", "label": "Increase (Decrease) in Accounts Payable and Other Operating Liabilities", "terseLabel": "Distribution and service fees payable" } } }, "localname": "IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccountsReceivable": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 10.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.", "label": "Increase (Decrease) in Accounts Receivable", "negatedLabel": "Accounts receivable" } } }, "localname": "IncreaseDecreaseInAccountsReceivable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 19.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction.", "label": "Increase (Decrease) in Income Taxes Payable", "terseLabel": "Income tax payable" } } }, "localname": "IncreaseDecreaseInAccruedIncomeTaxesPayable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInBrokerageReceivables": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 11.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the total amount due to the entity related to activities and operations with other broker dealers, and clearing organizations, including deposits.", "label": "Increase (Decrease) in Receivables from Brokers-Dealers and Clearing Organizations", "negatedLabel": "Due from brokers" } } }, "localname": "IncreaseDecreaseInBrokerageReceivables", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInDeferredCharges": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 12.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation.", "label": "Increase (Decrease) in Deferred Charges", "negatedLabel": "Deferred commissions" } } }, "localname": "IncreaseDecreaseInDeferredCharges", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 15.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.", "label": "Increase (Decrease) in Employee Related Liabilities", "terseLabel": "Accrued compensation" } } }, "localname": "IncreaseDecreaseInEmployeeRelatedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Increase (Decrease) in Operating Capital [Abstract]", "terseLabel": "Changes in operating assets and liabilities:" } } }, "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_IncreaseDecreaseInOtherAccruedLiabilities": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 20.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in other expenses incurred but not yet paid.", "label": "Increase (Decrease) in Other Accrued Liabilities", "terseLabel": "Other liabilities and accrued expenses" } } }, "localname": "IncreaseDecreaseInOtherAccruedLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInOtherOperatingAssets": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 14.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in operating assets classified as other.", "label": "Increase (Decrease) in Other Operating Assets", "negatedLabel": "Other assets" } } }, "localname": "IncreaseDecreaseInOtherOperatingAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInPayablesToBrokerDealers": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 18.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The increase (decrease) during the reporting period in the aggregate amount of obligations incurred arising from transactions with broker-dealers, such as amounts due on margin and unsettled cash transactions; includes payables to brokers, dealers and clearing organizations.", "label": "Increase (Decrease) in Payables to Broker-Dealers and Clearing Organizations", "terseLabel": "Due to broker" } } }, "localname": "IncreaseDecreaseInPayablesToBrokerDealers", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IncreaseDecreaseInTradingSecurities": { "auth_ref": [ "r73", "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 13.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net income.", "label": "Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI", "negatedLabel": "Investments within consolidated funds" } } }, "localname": "IncreaseDecreaseInTradingSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsByMajorClassAxis": { "auth_ref": [ "r161", "r167" ], "lang": { "en-US": { "role": { "documentation": "Information by type or class of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.", "label": "Indefinite-lived Intangible Assets [Axis]", "terseLabel": "Indefinite-lived Intangible Assets [Axis]" } } }, "localname": "IndefiniteLivedIntangibleAssetsByMajorClassAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwill": { "auth_ref": [ "r167" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit.", "label": "Indefinite-lived Intangible Assets (Excluding Goodwill)", "terseLabel": "Fund management contracts" } } }, "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails", "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsExcludingGoodwillAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]", "terseLabel": "Indefinite-Lived Intangible Assets" } } }, "localname": "IndefiniteLivedIntangibleAssetsExcludingGoodwillAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IndefiniteLivedIntangibleAssetsMajorClassNameDomain": { "auth_ref": [ "r161", "r167" ], "lang": { "en-US": { "role": { "documentation": "The major class of indefinite-lived intangible asset (for example, trade names, etc. but not all-inclusive), excluding goodwill. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company.", "label": "Indefinite-lived Intangible Assets, Major Class Name [Domain]", "terseLabel": "Indefinite-lived Intangible Assets, Major Class Name [Domain]" } } }, "localname": "IndefiniteLivedIntangibleAssetsMajorClassNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_IndustrySpecificPoliciesBrokerDealerTextBlock": { "auth_ref": [ "r84", "r390" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for recognition of revenues and expenses including commissions, underwriting, management and investment advisory fees, trading gains and losses, interest income and expense, dividend income and expense, floor brokerage, and exchange fees. Also, may include the broker-dealers' disclosure on the nature of operations and estimates used in preparation of financial statements and significant estimates.", "label": "Industry Specific Policies, Broker Dealer [Policy Text Block]", "terseLabel": "Due from/to Brokers" } } }, "localname": "IndustrySpecificPoliciesBrokerDealerTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_IntangibleAssetsNetExcludingGoodwill": { "auth_ref": [ "r158", "r163" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.", "label": "Intangible Assets, Net (Excluding Goodwill)", "terseLabel": "Intangible assets\u2014net" } } }, "localname": "IntangibleAssetsNetExcludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_IntangibleAssetsNetIncludingGoodwill": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 6.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Carrying amount of finite-lived intangible assets, indefinite-lived intangible assets and goodwill. Goodwill is an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Intangible assets are assets, not including financial assets, lacking physical substance.", "label": "Intangible Assets, Net (Including Goodwill)", "terseLabel": "Goodwill and intangible assets\u2014net" } } }, "localname": "IntangibleAssetsNetIncludingGoodwill", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_IntercompanyForeignCurrencyBalanceByDescriptionAxis": { "auth_ref": [ "r342" ], "lang": { "en-US": { "role": { "documentation": "Information by name or description of the entity to which the long-term intercompany foreign balances of the entity relate.", "label": "Intercompany Foreign Currency Balance by Description [Axis]", "terseLabel": "Intercompany Foreign Currency Balance by Description [Axis]" } } }, "localname": "IntercompanyForeignCurrencyBalanceByDescriptionAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "stringItemType" }, "us-gaap_IntercompanyForeignCurrencyBalanceNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name or description of the foreign entity or investment that is of a long-term nature.", "label": "Intercompany Foreign Currency Balance, Name [Domain]", "terseLabel": "Intercompany Foreign Currency Balance, Name [Domain]" } } }, "localname": "IntercompanyForeignCurrencyBalanceNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails" ], "xbrltype": "domainItemType" }, "us-gaap_InvestmentAdviceMember": { "auth_ref": [ "r200" ], "lang": { "en-US": { "role": { "documentation": "Investment recommendation and research provided to customer.", "label": "Investment Advice [Member]", "terseLabel": "Investment advisory and administration fees" } } }, "localname": "InvestmentAdviceMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "domainItemType" }, "us-gaap_InvestmentHoldingsTextBlock": { "auth_ref": [ "r435", "r437", "r439", "r440" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts).", "label": "Investment Holdings [Text Block]", "terseLabel": "Investment Holdings" } } }, "localname": "InvestmentHoldingsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/Investments" ], "xbrltype": "textBlockItemType" }, "us-gaap_InvestmentIncomeInterestAndDividend": { "auth_ref": [ "r62" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities.", "label": "Investment Income, Interest and Dividend", "terseLabel": "Interest and dividend income\u2014net" } } }, "localname": "InvestmentIncomeInterestAndDividend", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentPolicyTextBlock": { "auth_ref": [ "r26", "r84", "r146", "r149", "r153" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment.", "label": "Investment, Policy [Policy Text Block]", "terseLabel": "Investments" } } }, "localname": "InvestmentPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_InvestmentTypeAxis": { "auth_ref": [ "r434", "r436", "r438", "r441" ], "lang": { "en-US": { "role": { "documentation": "Information by type of investments.", "label": "Investment Type [Axis]", "terseLabel": "Investment Type [Axis]" } } }, "localname": "InvestmentTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_InvestmentTypeCategorizationMember": { "auth_ref": [ "r434", "r436", "r438", "r441" ], "lang": { "en-US": { "role": { "documentation": "Asset obtained to generate income or appreciate in value.", "label": "Investments [Domain]", "terseLabel": "Investments [Domain]" } } }, "localname": "InvestmentTypeCategorizationMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_Investments": { "auth_ref": [ "r427" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 9.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all investments.", "label": "Investments", "terseLabel": "Investments ($82,829 and $136,113)", "totalLabel": "Total investments", "verboseLabel": "Investments" } } }, "localname": "Investments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsDetails", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_InvestmentsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Investments [Abstract]" } } }, "localname": "InvestmentsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_InvestmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Assets held for their financial return, rather than for the entity's operations.", "label": "Investments [Member]", "terseLabel": "Investments" } } }, "localname": "InvestmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LaborAndRelatedExpense": { "auth_ref": [ "r57" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_OperatingExpenses", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit.", "label": "Labor and Related Expense", "terseLabel": "Employee compensation and benefits" } } }, "localname": "LaborAndRelatedExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_LeaseCostTableTextBlock": { "auth_ref": [ "r355" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.", "label": "Lease, Cost [Table Text Block]", "terseLabel": "Lease, Cost" } } }, "localname": "LeaseCostTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_LeaseholdImprovementsMember": { "auth_ref": [ "r170" ], "lang": { "en-US": { "role": { "documentation": "Additions or improvements to assets held under a lease arrangement.", "label": "Leasehold Improvements [Member]", "terseLabel": "Leasehold improvements" } } }, "localname": "LeaseholdImprovementsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_LeasesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Leases [Abstract]" } } }, "localname": "LeasesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock": { "auth_ref": [ "r356" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.", "label": "Lessee, Operating Lease, Liability, Maturity [Table Text Block]", "terseLabel": "Lessee, Operating Lease, Liability, Maturity" } } }, "localname": "LesseeOperatingLeaseLiabilityMaturityTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": null, "parentTag": null, "root": true, "weight": null }, "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetailsCalc2": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease.", "label": "Lessee, Operating Lease, Liability, Payments, Due", "totalLabel": "Total remaining undiscounted lease payments" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": 1.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in next fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Next Twelve Months", "terseLabel": "2020" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFive": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": 5.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fifth fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Five", "terseLabel": "2024" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFive", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearFour": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": 4.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in fourth fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Four", "terseLabel": "2023" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearFour", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearThree": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": 3.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in third fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Three", "terseLabel": "2022" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearThree", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails": { "order": 2.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments for operating lease, due in second fiscal year following latest fiscal year.", "label": "Lessee, Operating Lease, Liability, Payments, Due Year Two", "terseLabel": "2021" } } }, "localname": "LesseeOperatingLeaseLiabilityPaymentsDueYearTwo", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeaseLiabilityUndiscountedExcessAmount": { "auth_ref": [ "r356" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetailsCalc2": { "order": 1.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's undiscounted obligation for lease payments in excess of discounted obligation for lease payments for operating lease.", "label": "Lessee, Operating Lease, Liability, Undiscounted Excess Amount", "terseLabel": "Less: imputed interest" } } }, "localname": "LesseeOperatingLeaseLiabilityUndiscountedExcessAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LesseeOperatingLeasesTextBlock": { "auth_ref": [ "r358" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability.", "label": "Lessee, Operating Leases [Text Block]", "terseLabel": "Leases" } } }, "localname": "LesseeOperatingLeasesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/Leases" ], "xbrltype": "textBlockItemType" }, "us-gaap_Liabilities": { "auth_ref": [ "r25" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 1.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.", "label": "Liabilities", "terseLabel": "Total liabilities", "totalLabel": "Total liabilities" } } }, "localname": "Liabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities [Abstract]", "terseLabel": "Liabilities:" } } }, "localname": "LiabilitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "stringItemType" }, "us-gaap_LiabilitiesAndStockholdersEquity": { "auth_ref": [ "r17", "r399", "r424" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.", "label": "Liabilities and Equity", "totalLabel": "Total liabilities and stockholders\u2019 equity" } } }, "localname": "LiabilitiesAndStockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Liabilities and Equity [Abstract]", "terseLabel": "LIABILITIES AND STOCKHOLDERS\u2019 EQUITY" } } }, "localname": "LiabilitiesAndStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesByNatureOfContingencyAxis": { "auth_ref": [ "r176", "r177", "r178", "r179", "r180", "r181", "r182", "r184", "r185" ], "lang": { "en-US": { "role": { "documentation": "Information by type of existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur.", "label": "Loss Contingency Nature [Axis]", "terseLabel": "Loss Contingencies by Nature of Contingency [Axis]" } } }, "localname": "LossContingenciesByNatureOfContingencyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Loss Contingencies [Line Items]", "terseLabel": "Loss Contingencies [Line Items]" } } }, "localname": "LossContingenciesLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingenciesTable": { "auth_ref": [ "r176", "r177", "r178", "r179", "r180", "r181", "r182", "r184", "r185" ], "lang": { "en-US": { "role": { "documentation": "Discloses the specific components (such as the nature, name, and date) of the loss contingency and gives an estimate of the possible loss or range of loss, or states that a reasonable estimate cannot be made. Excludes environmental contingencies, warranties and unconditional purchase obligations.", "label": "Loss Contingencies [Table]", "terseLabel": "Loss Contingencies [Table]" } } }, "localname": "LossContingenciesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_LossContingencyNatureDomain": { "auth_ref": [ "r176", "r177", "r178", "r179", "r180", "r181", "r182", "r184", "r185" ], "lang": { "en-US": { "role": { "documentation": "An existing condition, situation, or set of circumstances involving uncertainty as to possible loss to an enterprise that will ultimately be resolved when one or more future events occur or fail to occur. Resolution of the uncertainty may confirm the incurrence of a loss or impairment of an asset or the incurrence of a liability.", "label": "Loss Contingency, Nature [Domain]", "terseLabel": "Loss Contingency, Nature [Domain]" } } }, "localname": "LossContingencyNatureDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ManagementAndInvestmentAdvisoryFeesPolicy": { "auth_ref": [ "r84" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for the recognition of fees for investment advise, research, administrative and investment account management services provided to customers by broker dealers. This fee is generally based on the net assets of the fund or the account.", "label": "Management and Investment Advisory Fees, Policy [Policy Text Block]", "terseLabel": "Investment Advisory and Administration Fees" } } }, "localname": "ManagementAndInvestmentAdvisoryFeesPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_MarketableSecuritiesUnrealizedGainLoss": { "auth_ref": [ "r56" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 2.0, "parentTag": "us-gaap_GainLossOnInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrealized gain (loss) on investment in marketable security.", "label": "Marketable Securities, Unrealized Gain (Loss)", "terseLabel": "Net unrealized gains (losses) during the period on investments still held at the end of the period" } } }, "localname": "MarketableSecuritiesUnrealizedGainLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_MinorityInterest": { "auth_ref": [ "r32", "r398", "r423" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest).", "label": "Stockholders' Equity Attributable to Noncontrolling Interest", "periodEndLabel": "Ending balance (redeemable noncontrolling interest)", "periodStartLabel": "Beginning balance (redeemable noncontrolling interest)" } } }, "localname": "MinorityInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCapital": { "auth_ref": [ "r452" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Net capital is equal to the net worth of the broker dealer, less certain items such as exchange memberships, carrying value of securities not readily marketable, haircuts on marketable securities in proprietary accounts, furniture and equipment and other illiquid assets as defined.", "label": "Net Capital", "terseLabel": "Net Capital" } } }, "localname": "NetCapital", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "auth_ref": [ "r75" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.", "label": "Net Cash Provided by (Used in) Financing Activities", "totalLabel": "Net cash provided by (used in) financing activities" } } }, "localname": "NetCashProvidedByUsedInFinancingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Financing Activities [Abstract]", "terseLabel": "Cash flows from financing activities:" } } }, "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "auth_ref": [ "r75" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.", "label": "Net Cash Provided by (Used in) Investing Activities", "totalLabel": "Net cash provided by (used in) investing activities" } } }, "localname": "NetCashProvidedByUsedInInvestingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Investing Activities [Abstract]", "terseLabel": "Cash flows from investing activities:" } } }, "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "auth_ref": [ "r75", "r76", "r79" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.", "label": "Net Cash Provided by (Used in) Operating Activities", "totalLabel": "Net cash provided by (used in) operating activities" } } }, "localname": "NetCashProvidedByUsedInOperatingActivities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Net Cash Provided by (Used in) Operating Activities [Abstract]", "terseLabel": "Cash flows from operating activities:" } } }, "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "stringItemType" }, "us-gaap_NetIncomeLoss": { "auth_ref": [ "r46", "r49", "r54", "r79", "r105", "r404", "r429" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 2.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 }, "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.", "label": "Net Income (Loss) Attributable to Parent", "terseLabel": "Net income attributable to common stockholders", "totalLabel": "Net income attributable to common stockholders", "verboseLabel": "Net income attributable to common stockholders" } } }, "localname": "NetIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NetIncomeLossAttributableToNoncontrollingInterest": { "auth_ref": [ "r46", "r49", "r277", "r286" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of Net Income (Loss) attributable to noncontrolling interest.", "label": "Net Income (Loss) Attributable to Noncontrolling Interest", "negatedLabel": "Less: Net (income) loss attributable to redeemable noncontrolling interest" } } }, "localname": "NetIncomeLossAttributableToNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "New Accounting Pronouncements or Change in Accounting Principle [Line Items]", "terseLabel": "New Accounting Pronouncements or Change in Accounting Principle [Line Items]" } } }, "localname": "NewAccountingPronouncementsOrChangeInAccountingPrincipleLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NewAccountingPronouncementsOrChangeInAccountingPrincipleTable": { "auth_ref": [ "r94", "r96", "r97" ], "lang": { "en-US": { "role": { "documentation": "Summarization of the changes in an accounting principle or a new accounting pronouncement, including the line items affected by the change and the financial effects of the change on those particular line items.", "label": "New Accounting Pronouncements or Change in Accounting Principle [Table]", "terseLabel": "New Accounting Pronouncements or Change in Accounting Principle [Table]" } } }, "localname": "NewAccountingPronouncementsOrChangeInAccountingPrincipleTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.", "label": "New Accounting Pronouncements, Policy [Policy Text Block]", "terseLabel": "Recently Issued Accounting Pronouncements" } } }, "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_NoncontrollingInterestDecreaseFromDeconsolidation": { "auth_ref": [ "r193", "r279" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount of the reduction or elimination during the period of a noncontrolling interest resulting from the parent's loss of control and deconsolidation of the entity in which one or more outside parties had a noncontrolling interest.", "label": "Noncontrolling Interest, Decrease from Deconsolidation", "negatedTerseLabel": "Net consolidation (deconsolidation) of Company-sponsored funds", "terseLabel": "Transfer of redeemable noncontrolling interest in consolidated entity" } } }, "localname": "NoncontrollingInterestDecreaseFromDeconsolidation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_NoncontrollingInterestIncreaseFromBusinessCombination": { "auth_ref": [ "r193", "r270", "r279" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in noncontrolling interest from a business combination.", "label": "Noncontrolling Interest, Increase from Business Combination", "terseLabel": "Noncontrolling Interest, Increase from Business Combination" } } }, "localname": "NoncontrollingInterestIncreaseFromBusinessCombination", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical" ], "xbrltype": "monetaryItemType" }, "us-gaap_NoncontrollingInterestMember": { "auth_ref": [ "r273" ], "lang": { "en-US": { "role": { "documentation": "This element represents that portion of equity (net assets) in a subsidiary not attributable, directly or indirectly, to the parent. A noncontrolling interest is sometimes called a minority interest.", "label": "Noncontrolling Interest [Member]", "terseLabel": "Redeemable Noncontrolling Interest" } } }, "localname": "NoncontrollingInterestMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_NonoperatingIncomeExpense": { "auth_ref": [ "r64" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).", "label": "Nonoperating Income (Expense)", "totalLabel": "Total non-operating income (loss)" } } }, "localname": "NonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_NonoperatingIncomeExpenseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Nonoperating Income (Expense) [Abstract]", "terseLabel": "Non-operating income (loss):" } } }, "localname": "NonoperatingIncomeExpenseAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingExpenses": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.", "label": "Operating Expenses", "totalLabel": "Total expenses" } } }, "localname": "OperatingExpenses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingExpensesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Operating Expenses [Abstract]", "terseLabel": "Expenses:" } } }, "localname": "OperatingExpensesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_OperatingIncomeLoss": { "auth_ref": [], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The net result for the period of deducting operating expenses from operating revenues.", "label": "Operating Income (Loss)", "terseLabel": "Operating income (loss)", "totalLabel": "Operating income (loss)" } } }, "localname": "OperatingIncomeLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseCost": { "auth_ref": [ "r351", "r357" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of single lease cost, calculated by allocation of remaining cost of lease over remaining lease term. Includes, but is not limited to, single lease cost, after impairment of right-of-use asset, calculated by amortization of remaining right-of-use asset and accretion of lease liability.", "label": "Operating Lease, Cost", "terseLabel": "Operating lease cost" } } }, "localname": "OperatingLeaseCost", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseCostDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiability": { "auth_ref": [ "r348" ], "calculation": { "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetailsCalc2": { "order": 2.0, "parentTag": "us-gaap_LesseeOperatingLeaseLiabilityPaymentsDue", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease.", "label": "Operating Lease, Liability", "terseLabel": "Total remaining discounted lease payments" } } }, "localname": "OperatingLeaseLiability", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails", "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseLiabilityNoncurrent": { "auth_ref": [ "r348" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 2.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Present value of lessee's discounted obligation for lease payments from operating lease, classified as noncurrent.", "label": "Operating Lease, Liability, Noncurrent", "terseLabel": "Operating lease liabilities" } } }, "localname": "OperatingLeaseLiabilityNoncurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseRightOfUseAsset": { "auth_ref": [ "r347" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 5.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of lessee's right to use underlying asset under operating lease.", "label": "Operating Lease, Right-of-Use Asset", "terseLabel": "Operating lease right-of-use assets" } } }, "localname": "OperatingLeaseRightOfUseAsset", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OperatingLeaseWeightedAverageDiscountRatePercent": { "auth_ref": [ "r354", "r357" ], "lang": { "en-US": { "role": { "documentation": "Weighted average discount rate for operating lease calculated at point in time.", "label": "Operating Lease, Weighted Average Discount Rate, Percent", "terseLabel": "Weighted-average discount rate" } } }, "localname": "OperatingLeaseWeightedAverageDiscountRatePercent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfOperatingLeasesOtherInformationDetails" ], "xbrltype": "percentItemType" }, "us-gaap_OperatingLeaseWeightedAverageRemainingLeaseTerm1": { "auth_ref": [ "r353", "r357" ], "lang": { "en-US": { "role": { "documentation": "Weighted average remaining lease term for operating lease, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.", "label": "Operating Lease, Weighted Average Remaining Lease Term", "terseLabel": "Weighted-average remaining lease term (years)" } } }, "localname": "OperatingLeaseWeightedAverageRemainingLeaseTerm1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfOperatingLeasesOtherInformationDetails" ], "xbrltype": "durationItemType" }, "us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock": { "auth_ref": [ "r0", "r290" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.", "label": "Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]", "terseLabel": "Organization and Description of Business" } } }, "localname": "OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/BasisOfPresentation" ], "xbrltype": "textBlockItemType" }, "us-gaap_OtherAssets": { "auth_ref": [ "r5", "r395", "r420" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 8.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of assets classified as other.", "label": "Other Assets", "terseLabel": "Other assets", "verboseLabel": "Other assets ($1,041 and $2,604)" } } }, "localname": "OtherAssets", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherCommitment": { "auth_ref": [], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions.", "label": "Other Commitment", "terseLabel": "Other Commitment" } } }, "localname": "OtherCommitment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherCommitmentsAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by type of other commitment.", "label": "Other Commitments [Axis]", "terseLabel": "Operating Leases [Axis]" } } }, "localname": "OtherCommitmentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "stringItemType" }, "us-gaap_OtherCommitmentsDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Other future obligation.", "label": "Other Commitments [Domain]", "terseLabel": "Operating Leases [Domain]" } } }, "localname": "OtherCommitmentsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax": { "auth_ref": [ "r38" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss.", "label": "Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax", "terseLabel": "Net unrealized gain (loss) from available-for-sale investments" } } }, "localname": "OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax": { "auth_ref": [ "r36", "r343" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.", "label": "Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax", "verboseLabel": "Foreign currency translation income (loss)" } } }, "localname": "OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTax": { "auth_ref": [ "r47", "r50", "r52", "r191" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome": { "order": 1.0, "parentTag": "us-gaap_ComprehensiveIncomeNetOfTax", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount after tax and reclassification adjustments of other comprehensive income (loss).", "label": "Other Comprehensive Income (Loss), Net of Tax", "terseLabel": "Other comprehensive income (loss)" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Other Comprehensive Income (Loss), Net of Tax [Abstract]", "terseLabel": "Other comprehensive income (loss), net of tax:" } } }, "localname": "OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "stringItemType" }, "us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax": { "auth_ref": [ "r40", "r43", "r44", "r148" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after tax of reclassification adjustment from accumulated other comprehensive income for unrealized gain (loss) realized upon the sale of available-for-sale securities.", "label": "Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax", "negatedTerseLabel": "Reclassification to statements of operations of realized (gain) loss from available-for-sale investments" } } }, "localname": "OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherInvestmentsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Primary financial statement caption encompassing other investments.", "label": "Other Investments [Member]", "terseLabel": "Other" } } }, "localname": "OtherInvestmentsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_OtherLiabilities": { "auth_ref": [ "r401" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 5.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of liabilities classified as other.", "label": "Other Liabilities", "terseLabel": "Other liabilities and accrued expenses", "verboseLabel": "Other liabilities and accrued expenses ($784 and $440)" } } }, "localname": "OtherLiabilities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_OtherNonoperatingIncomeExpense": { "auth_ref": [ "r65" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 3.0, "parentTag": "us-gaap_NonoperatingIncomeExpense", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of income (expense) related to nonoperating activities, classified as other.", "label": "Other Nonoperating Income (Expense)", "terseLabel": "Foreign currency gains (losses)\u2014net" } } }, "localname": "OtherNonoperatingIncomeExpense", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "monetaryItemType" }, "us-gaap_ParentMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Portion of equity, or net assets, in the consolidated entity attributable, directly or indirectly, to the parent. Excludes noncontrolling interests.", "label": "Parent [Member]", "terseLabel": "Total Stockholders' Equity" } } }, "localname": "ParentMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_PayablesToBrokerDealersAndClearingOrganizations": { "auth_ref": [ "r392" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 4.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount payable to broker-dealers and clearing organizations, including, but not limited to, securities failed-to-receive, certain deposits received for securities loaned, open transactions, and floor-brokerage payables.", "label": "Payables to Broker-Dealers and Clearing Organizations", "terseLabel": "Due to brokers ($366 and $4,422)", "verboseLabel": "Due to brokers" } } }, "localname": "PayablesToBrokerDealersAndClearingOrganizations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfCommonStock": { "auth_ref": [ "r72" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to reacquire common stock during the period.", "label": "Payments for Repurchase of Common Stock", "negatedLabel": "Repurchase of common stock" } } }, "localname": "PaymentsForRepurchaseOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest": { "auth_ref": [ "r72" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 5.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow during the period for redemption of redeemable noncontrolling interests.", "label": "Payments for Repurchase of Redeemable Noncontrolling Interest", "negatedTerseLabel": "Distributions to redeemable noncontrolling interest" } } }, "localname": "PaymentsForRepurchaseOfRedeemableNoncontrollingInterest", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsOfDividendsCommonStock": { "auth_ref": [ "r72" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity.", "label": "Payments of Ordinary Dividends, Common Stock", "negatedLabel": "Dividends to stockholders" } } }, "localname": "PaymentsOfDividendsCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquireAvailableForSaleSecurities": { "auth_ref": [ "r68", "r142" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow to acquire debt and equity securities not classified as either held-to-maturity securities or trading securities which would be classified as available-for-sale securities and reported at fair value, with unrealized gains and losses excluded from earnings and reported in a separate component of shareholders' equity.", "label": "Payments to Acquire Available-for-sale Securities", "negatedLabel": "Purchases of investments" } } }, "localname": "PaymentsToAcquireAvailableForSaleSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PaymentsToAcquirePropertyPlantAndEquipment": { "auth_ref": [ "r69" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.", "label": "Payments to Acquire Property, Plant, and Equipment", "negatedLabel": "Purchases of property and equipment" } } }, "localname": "PaymentsToAcquirePropertyPlantAndEquipment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_PlanNameAxis": { "auth_ref": [ "r216", "r229" ], "lang": { "en-US": { "role": { "documentation": "Information by plan name pertaining to equity-based compensation arrangements.", "label": "Plan Name [Axis]", "terseLabel": "Plan Name [Axis]" } } }, "localname": "PlanNameAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PlanNameDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Name of the equity-based compensation arrangement plan.", "label": "Plan Name [Domain]", "terseLabel": "Plan Name [Domain]" } } }, "localname": "PlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PreferredStockMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Preferred shares may provide a preferential dividend to the dividend on common stock and may take precedence over common stock in the event of a liquidation. Preferred shares typically represent an ownership interest in the company.", "label": "Preferred Stock [Member]", "terseLabel": "Preferred securities" } } }, "localname": "PreferredStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ProceedsFromContributionsFromParent": { "auth_ref": [ "r71" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from parent as a source of financing that is recorded as additional paid in capital.", "label": "Proceeds from Contributions from Parent", "terseLabel": "Proceeds from Contributions from Parent" } } }, "localname": "ProceedsFromContributionsFromParent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromIssuanceOfCommonStock": { "auth_ref": [ "r70" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow from the additional capital contribution to the entity.", "label": "Proceeds from Issuance of Common Stock", "terseLabel": "Issuance of common stock" } } }, "localname": "ProceedsFromIssuanceOfCommonStock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromPaymentsToMinorityShareholders": { "auth_ref": [ "r92" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 4.0, "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of cash inflow (outflow) from (to) a noncontrolling interest. Excludes dividends paid to the noncontrolling interest.", "label": "Proceeds from (Payments to) Noncontrolling Interests", "terseLabel": "Net contributions (distributions) attributable to redeemable noncontrolling interests", "verboseLabel": "Contributions from redeemable noncontrolling interests" } } }, "localname": "ProceedsFromPaymentsToMinorityShareholders", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities": { "auth_ref": [ "r66", "r142" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 3.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow associated with the sale of debt and equity securities classified as available-for-sale securities.", "label": "Proceeds from Sale of Available-for-sale Securities", "terseLabel": "Proceeds from sales of investments" } } }, "localname": "ProceedsFromSaleOfAvailableForSaleSecurities", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProceedsFromSaleOfEquityMethodInvestments": { "auth_ref": [ "r67" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The cash inflow associated with the sale of equity method investments, which are investments in joint ventures and entities in which the entity has an equity ownership interest normally of 20 to 50 percent and exercises significant influence.", "label": "Proceeds from Sale of Equity Method Investments", "terseLabel": "Proceeds from redemptions of equity method investments" } } }, "localname": "ProceedsFromSaleOfEquityMethodInvestments", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ProfitLoss": { "auth_ref": [ "r46", "r49", "r74", "r130", "r133", "r274", "r276", "r278", "r286", "r287" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 1.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 }, "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 1.0, "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.", "label": "Net Income (Loss), Including Portion Attributable to Noncontrolling Interest", "terseLabel": "Net income (loss)", "totalLabel": "Net income", "verboseLabel": "Net income" } } }, "localname": "ProfitLoss", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Property, Plant and Equipment [Abstract]" } } }, "localname": "PropertyPlantAndEquipmentAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentByTypeAxis": { "auth_ref": [ "r22", "r172" ], "lang": { "en-US": { "role": { "documentation": "Information by type of long-lived, physical assets used to produce goods and services and not intended for resale.", "label": "Property, Plant and Equipment, Type [Axis]", "terseLabel": "Property and Equipment, Type [Axis]" } } }, "localname": "PropertyPlantAndEquipmentByTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock": { "auth_ref": [ "r173" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.", "label": "Property, Plant and Equipment Disclosure [Text Block]", "terseLabel": "Property and Equipment" } } }, "localname": "PropertyPlantAndEquipmentDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipment" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentGross": { "auth_ref": [ "r21", "r170" ], "calculation": { "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails": { "order": 1.0, "parentTag": "us-gaap_PropertyPlantAndEquipmentNet", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Gross", "terseLabel": "Property and equipment, gross" } } }, "localname": "PropertyPlantAndEquipmentGross", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Property, Plant and Equipment [Line Items]", "terseLabel": "Property and Equipment [Line Items]" } } }, "localname": "PropertyPlantAndEquipmentLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_PropertyPlantAndEquipmentNet": { "auth_ref": [ "r3", "r4", "r172", "r425" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 4.0, "parentTag": "us-gaap_Assets", "weight": 1.0 }, "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.", "label": "Property, Plant and Equipment, Net", "terseLabel": "Property and equipment\u2014net", "totalLabel": "Property and equipment, net" } } }, "localname": "PropertyPlantAndEquipmentNet", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_PropertyPlantAndEquipmentTextBlock": { "auth_ref": [ "r3", "r172" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Property, Plant and Equipment [Table Text Block]", "terseLabel": "Property and Equipment" } } }, "localname": "PropertyPlantAndEquipmentTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_PropertyPlantAndEquipmentTypeDomain": { "auth_ref": [ "r3", "r170" ], "lang": { "en-US": { "role": { "documentation": "Listing of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.", "label": "Property, Plant and Equipment, Type [Domain]", "terseLabel": "Property and Equipment, Type [Domain]" } } }, "localname": "PropertyPlantAndEquipmentTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "domainItemType" }, "us-gaap_PropertyPlantAndEquipmentUsefulLife": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment.", "label": "Property, Plant and Equipment, Useful Life", "terseLabel": "Property, Plant and Equipment, Useful Life" } } }, "localname": "PropertyPlantAndEquipmentUsefulLife", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "durationItemType" }, "us-gaap_QuarterlyFinancialInformationDisclosureAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Quarterly Financial Information Disclosure [Abstract]" } } }, "localname": "QuarterlyFinancialInformationDisclosureAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_QuarterlyFinancialInformationTextBlock": { "auth_ref": [ "r112" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.", "label": "Quarterly Financial Information [Text Block]", "terseLabel": "Selected Quarterly Financial Data (unadudited)" } } }, "localname": "QuarterlyFinancialInformationTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnaudited" ], "xbrltype": "textBlockItemType" }, "us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations": { "auth_ref": [ "r138", "r392" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 3.0, "parentTag": "us-gaap_Assets", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount receivable from broker-dealers and clearing organizations, including, but not limited to, securities failed-to-deliver, certain deposits for securities borrowed, open transactions, good faith and margin deposits, commissions and floor brokerage receivables.", "label": "Receivables from Brokers-Dealers and Clearing Organizations", "terseLabel": "Due from brokers ($1,743 and $11,187)", "verboseLabel": "Due from brokers" } } }, "localname": "ReceivablesFromBrokersDealersAndClearingOrganizations", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Reclassifications": { "auth_ref": [ "r0" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for classifying current financial statements, which may be different from classifications in the prior year's financial statements. Disclose any material changes in classification including an explanation of the reason for the change and the areas impacted.", "label": "Reclassifications [Text Block]", "terseLabel": "Reclassifications [Text Block]" } } }, "localname": "Reclassifications", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]", "terseLabel": "Reconciliation of Unrecognized Tax Benefits [Roll Forward]" } } }, "localname": "ReconciliationOfUnrecognizedTaxBenefitsExcludingAmountsPertainingToExaminedTaxReturnsRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount": { "auth_ref": [ "r186", "r187", "r188", "r189" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 3.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "As of the reporting date, the aggregate carrying amount of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity.", "label": "Redeemable Noncontrolling Interest, Equity, Carrying Amount", "terseLabel": "Redeemable noncontrolling interest" } } }, "localname": "RedeemableNoncontrollingInterestEquityCarryingAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_RegulatoryCapitalRequirementsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Regulatory Capital Requirements [Abstract]" } } }, "localname": "RegulatoryCapitalRequirementsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock": { "auth_ref": [ "r409", "r410", "r411", "r412", "r413", "r414", "r415", "r416", "r417" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.", "label": "Regulatory Capital Requirements under Banking Regulations [Text Block]", "terseLabel": "Regulatory Requirements" } } }, "localname": "RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RegulatoryRequirements" ], "xbrltype": "textBlockItemType" }, "us-gaap_RelatedPartyDomain": { "auth_ref": [ "r366" ], "lang": { "en-US": { "role": { "documentation": "Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.", "label": "Related Party [Domain]", "terseLabel": "Related Party [Domain]" } } }, "localname": "RelatedPartyDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty": { "auth_ref": [ "r359" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Expenses recognized resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.", "label": "Related Party Transaction, Expenses from Transactions with Related Party", "terseLabel": "Fund expenses, included in general and administrative expenses" } } }, "localname": "RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RelatedPartyTransactionLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Related Party Transaction [Line Items]", "terseLabel": "Related Party Transaction [Line Items]" } } }, "localname": "RelatedPartyTransactionLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "localname": "RelatedPartyTransactionsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": { "auth_ref": [ "r210", "r361", "r362", "r378", "r379", "r380", "r381", "r382", "r383", "r384", "r385", "r386", "r387", "r388", "r389" ], "lang": { "en-US": { "role": { "documentation": "Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests.", "label": "Related Party [Axis]", "terseLabel": "Related Party Transactions, by Related Party [Axis]" } } }, "localname": "RelatedPartyTransactionsByRelatedPartyAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "auth_ref": [ "r366" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Related Party Transactions Disclosure [Text Block]", "terseLabel": "Related Party Transactions" } } }, "localname": "RelatedPartyTransactionsDisclosureTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactions" ], "xbrltype": "textBlockItemType" }, "us-gaap_RestrictedStockUnitsRSUMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Share instrument which is convertible to stock or an equivalent amount of cash, after a specified period of time or when specified performance conditions are met.", "label": "Restricted Stock Units (RSUs) [Member]", "terseLabel": "Restricted Stock Units (RSUs)" } } }, "localname": "RestrictedStockUnitsRSUMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "auth_ref": [ "r14", "r192", "r422" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 3.0, "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings (Accumulated Deficit)", "terseLabel": "Accumulated deficit" } } }, "localname": "RetainedEarningsAccumulatedDeficit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_RetainedEarningsMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "The cumulative amount of the reporting entity's undistributed earnings or deficit.", "label": "Retained Earnings [Member]", "terseLabel": "Accumulated Deficit" } } }, "localname": "RetainedEarningsMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_RetirementPlanNameAxis": { "auth_ref": [ "r211" ], "lang": { "en-US": { "role": { "documentation": "Information by name of plan designed to provide retirement benefits. Includes, but is not limited to, legal name of defined benefit and defined contribution plans.", "label": "Retirement Plan Name [Axis]", "terseLabel": "Retirement Plan Name [Axis]" } } }, "localname": "RetirementPlanNameAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_RetirementPlanNameDomain": { "auth_ref": [ "r211" ], "lang": { "en-US": { "role": { "documentation": "Name of plan designed to provide retirement benefits. Includes, but is not limited to, legal name of defined benefit and defined contribution plans.", "label": "Retirement Plan Name [Domain]", "terseLabel": "Retirement Plan Name [Domain]" } } }, "localname": "RetirementPlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "domainItemType" }, "us-gaap_RevenueFromContractWithCustomerAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Revenue from Contract with Customer [Abstract]" } } }, "localname": "RevenueFromContractWithCustomerAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax": { "auth_ref": [ "r197", "r198", "r199" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations": { "order": 2.0, "parentTag": "us-gaap_OperatingIncomeLoss", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.", "label": "Revenue from Contract with Customer, Including Assessed Tax", "terseLabel": "Total revenue" } } }, "localname": "RevenueFromContractWithCustomerIncludingAssessedTax", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/RevenueDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RevenueFromContractWithCustomerTextBlock": { "auth_ref": [ "r93", "r203" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.", "label": "Revenue from Contract with Customer [Text Block]", "terseLabel": "Revenue" } } }, "localname": "RevenueFromContractWithCustomerTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RevenueRevenue" ], "xbrltype": "textBlockItemType" }, "us-gaap_RevenueFromRelatedParties": { "auth_ref": [ "r58", "r433" ], "calculation": { "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.", "label": "Revenue from Related Parties", "totalLabel": "Total" } } }, "localname": "RevenueFromRelatedParties", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_Revenues": { "auth_ref": [ "r59", "r126", "r127", "r132" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).", "label": "Revenues", "terseLabel": "Revenues" } } }, "localname": "Revenues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability": { "auth_ref": [ "r352", "r357" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in right-of-use asset obtained in exchange for operating lease liability.", "label": "Right-of-Use Asset Obtained in Exchange for Operating Lease Liability", "terseLabel": "Right-of-use assets obtained in exchange for new lease liabilities" } } }, "localname": "RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseCostDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_RisksAndUncertaintiesAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Risks and Uncertainties [Abstract]" } } }, "localname": "RisksAndUncertaintiesAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_ScenarioUnspecifiedDomain": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Any scenario, that is, the particular reporting scenario is left unspecified. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario, Unspecified [Domain]", "terseLabel": "Scenario, Unspecified [Domain]" } } }, "localname": "ScenarioUnspecifiedDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "domainItemType" }, "us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable": { "auth_ref": [ "r204", "r205", "r206" ], "lang": { "en-US": { "role": { "documentation": "Schedule, table or text reflecting pension and other postretirement benefit arrangements with individual employees, which are generally based on employment contracts between the entity and one or more selected officers or key employees, and which contain a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability.", "label": "Schedule of Deferred Compensation Arrangement with Individual, Postretirement Benefits [Table]", "terseLabel": "Schedule of Deferred Compensation Arrangement with Individual, Postretirement Benefits [Table]" } } }, "localname": "ScheduleOfDeferredCompensationArrangementWithIndividualPostretirementBenefitsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock": { "auth_ref": [ "r257" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.", "label": "Schedule of Deferred Tax Assets and Liabilities [Table Text Block]", "terseLabel": "Components of Deferred Tax Assets and Liabilities" } } }, "localname": "ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock": { "auth_ref": [ "r299", "r304", "r308" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.", "label": "Derivative Instruments, Gain (Loss) [Table Text Block]", "terseLabel": "Gains (Losses) on Derivatives" } } }, "localname": "ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfDerivativeInstrumentsTextBlock": { "auth_ref": [ "r91", "r291", "r294", "r295", "r296", "r297", "r303", "r304", "r310", "r312" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.", "label": "Schedule of Derivative Instruments [Table Text Block]", "terseLabel": "Schedule of Derivative Instruments" } } }, "localname": "ScheduleOfDerivativeInstrumentsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/DerivativesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": { "auth_ref": [ "r105" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.", "label": "Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]", "terseLabel": "Schedule of Earnings Per Share, Basic and Diluted" } } }, "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/EarningsPerShareTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": { "auth_ref": [ "r244" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.", "label": "Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]", "terseLabel": "Reconciliation of Federal Statutory Income Tax Rate to Effective Rate" } } }, "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable": { "auth_ref": [ "r160", "r164" ], "lang": { "en-US": { "role": { "documentation": "Schedule of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.", "label": "Schedule of Finite-Lived Intangible Assets [Table]", "terseLabel": "Schedule of Finite-Lived Intangible Assets [Table]" } } }, "localname": "ScheduleOfFiniteLivedIntangibleAssetsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock": { "auth_ref": [ "r87" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of income before income tax between domestic and foreign jurisdictions.", "label": "Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]", "terseLabel": "Schedule of Income before Taxes" } } }, "localname": "ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock": { "auth_ref": [ "r157" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.", "label": "Schedule of Intangible Assets and Goodwill [Table Text Block]", "terseLabel": "Schedule of Changes in Goodwill and Intangible Assets" } } }, "localname": "ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfInvestmentsTable": { "auth_ref": [ "r435" ], "lang": { "en-US": { "role": { "documentation": "A container table for all schedule of investment items. It ties in the \"Legal Entity [Axis]\" to all of its contained line items.", "label": "Schedule of Investments [Table]", "terseLabel": "Investments [Table]" } } }, "localname": "ScheduleOfInvestmentsTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock": { "auth_ref": [ "r94", "r96", "r97", "r108", "r109", "r111" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.", "label": "Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]", "terseLabel": "Schedule of New Accounting Pronouncements and Changes in Accounting Principles" } } }, "localname": "ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": { "auth_ref": [ "r22", "r172" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.", "label": "Property, Plant and Equipment [Table]", "terseLabel": "Schedule of Property and Equipment [Table]" } } }, "localname": "ScheduleOfPropertyPlantAndEquipmentTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock": { "auth_ref": [ "r110" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data.", "label": "Quarterly Financial Information [Table Text Block]", "terseLabel": "Schedule of Quarterly Financial Information" } } }, "localname": "ScheduleOfQuarterlyFinancialInformationTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": { "auth_ref": [ "r86", "r361", "r362", "r363", "r364", "r365" ], "lang": { "en-US": { "role": { "documentation": "Schedule of quantitative and qualitative information pertaining to related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.", "label": "Schedule of Related Party Transactions, by Related Party [Table]", "terseLabel": "Schedule of Related Party Transactions, by Related Party [Table]" } } }, "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates.", "label": "Schedule of Related Party Transactions [Table Text Block]", "terseLabel": "Schedule of Related Party Transactions" } } }, "localname": "ScheduleOfRelatedPartyTransactionsTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/RelatedPartyTransactionsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable": { "auth_ref": [ "r216", "r229" ], "lang": { "en-US": { "role": { "documentation": "Components of an equity-based arrangement under which compensation is awarded to employees, typically comprised of compensation expense; changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan; and cash flow effects resulting from the equity-based payment arrangement. Component disclosures are by type of award and plan name.", "label": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]", "terseLabel": "Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]" } } }, "localname": "ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock": { "auth_ref": [ "r252", "r264" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the change in unrecognized tax benefits.", "label": "Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]", "terseLabel": "Reconciliation of Gross Unrecognized Tax Benefits" } } }, "localname": "ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_ScheduleOfVariableInterestEntitiesTable": { "auth_ref": [ "r281", "r282", "r283", "r284", "r285" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of qualitative and quantitative information related to variable interests the entity holds, whether or not such variable interest entity (VIE) is included in the reporting entity's consolidated financial statements. Includes, but is not limited to, description of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a tabular comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.", "label": "Schedule of Variable Interest Entities [Table]", "terseLabel": "Schedule of Variable Interest Entities [Table]" } } }, "localname": "ScheduleOfVariableInterestEntitiesTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ScheduleOfVariableInterestEntitiesTextBlock": { "auth_ref": [ "r281", "r282", "r283", "r284", "r285" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.", "label": "Schedule of Variable Interest Entities [Table Text Block]", "terseLabel": "Schedule of Variable Interest Entities" } } }, "localname": "ScheduleOfVariableInterestEntitiesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock": { "auth_ref": [ "r117", "r119", "r120", "r121", "r334", "r336" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.", "label": "Schedules of Concentration of Risk, by Risk Factor [Table Text Block]", "terseLabel": "Schedules of Concentration of Risk, by Risk Factor" } } }, "localname": "SchedulesOfConcentrationOfRiskByRiskFactorTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_SecurityOwnedAndPledgedAsCollateralFairValue": { "auth_ref": [ "r373", "r374" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Fair value of financial instrument held by the entity for its own account (proprietary securities) for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions.", "label": "Security Owned and Pledged as Collateral, Fair Value", "terseLabel": "Trading investment and held as collateral", "verboseLabel": "Trading investment and held as collateral" } } }, "localname": "SecurityOwnedAndPledgedAsCollateralFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensation": { "auth_ref": [ "r77" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows": { "order": 2.0, "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.", "label": "Share-based Compensation", "terseLabel": "Stock compensation expense" } } }, "localname": "ShareBasedCompensation", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows" ], "xbrltype": "monetaryItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1": { "auth_ref": [ "r217" ], "lang": { "en-US": { "role": { "documentation": "Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "durationItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate": { "auth_ref": [ "r229" ], "lang": { "en-US": { "role": { "documentation": "Discount rate from fair value on purchase date that participants pay for shares.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Purchase Date", "terseLabel": "Discount from market price, purchase date" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod": { "auth_ref": [ "r224" ], "lang": { "en-US": { "role": { "documentation": "The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period", "negatedLabel": "Forfeited (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue": { "auth_ref": [ "r227" ], "lang": { "en-US": { "role": { "documentation": "Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value", "terseLabel": "Forfeited, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod": { "auth_ref": [ "r226" ], "lang": { "en-US": { "role": { "documentation": "The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period", "terseLabel": "Granted (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue": { "auth_ref": [ "r226" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value", "terseLabel": "Granted, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber": { "auth_ref": [ "r225" ], "lang": { "en-US": { "role": { "documentation": "The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number", "periodEndLabel": "Balance at end of period (shares)", "periodStartLabel": "Balance at beginning of period (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue": { "auth_ref": [ "r225" ], "lang": { "en-US": { "role": { "documentation": "The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value", "periodEndLabel": "Balance at end of period, Weighted Average Grant Date Fair Value (usd per share)", "periodStartLabel": "Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "perShareItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValueRollForward", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award [Line Items]" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate": { "auth_ref": [ "r229" ], "lang": { "en-US": { "role": { "documentation": "The highest percentage of annual salary that an employee is permitted to utilize with respect to the plan.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate", "terseLabel": "Maximum Employee Subscription Rate" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails" ], "xbrltype": "percentItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee": { "auth_ref": [ "r229" ], "lang": { "en-US": { "role": { "documentation": "The highest quantity of shares an employee can purchase under the plan per period.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee", "terseLabel": "Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfSharesPerEmployee", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures": { "auth_ref": [ "r224" ], "lang": { "en-US": { "role": { "documentation": "Number of shares under non-option equity instrument agreements that were cancelled as a result of occurrence of a terminating event.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures", "negatedTerseLabel": "Forfeited (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted": { "auth_ref": [ "r223" ], "lang": { "en-US": { "role": { "documentation": "Net number of non-option equity instruments granted to participants.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted", "terseLabel": "Granted (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsGranted", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber": { "auth_ref": [ "r221", "r222" ], "lang": { "en-US": { "role": { "documentation": "Number of equity instruments other than options outstanding, including both vested and non-vested instruments.", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number", "periodEndLabel": "Balance at end of period (shares)", "periodStartLabel": "Balance at beginning of period (shares)" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized": { "auth_ref": [ "r218" ], "lang": { "en-US": { "role": { "documentation": "The maximum number of shares (or other type of equity) originally approved (usually by shareholders and board of directors), net of any subsequent amendments and adjustments, for awards under the equity-based compensation plan. As stock or unit options and equity instruments other than options are awarded to participants, the shares or units remain authorized and become reserved for issuance under outstanding awards (not necessarily vested).", "label": "Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized", "terseLabel": "Number of Shares Authorized" } } }, "localname": "ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain": { "auth_ref": [ "r214", "r219" ], "lang": { "en-US": { "role": { "documentation": "Equity-based compensation award.", "label": "Equity Award [Domain]", "terseLabel": "Award Type [Domain]", "verboseLabel": "Equity Award [Domain]" } } }, "localname": "ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "domainItemType" }, "us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy": { "auth_ref": [ "r84", "r216", "r220" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.", "label": "Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]", "terseLabel": "Stock-based Compensation" } } }, "localname": "ShareBasedCompensationOptionAndIncentivePlansPolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SignificantAccountingPoliciesTextBlock": { "auth_ref": [ "r93" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for all significant accounting policies of the reporting entity.", "label": "Significant Accounting Policies [Text Block]", "terseLabel": "Summary of Significant Accounting Policies" } } }, "localname": "SignificantAccountingPoliciesTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit": { "auth_ref": [ "r247" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The amount of the unrecognized tax benefit of a position taken for which it is reasonably possible that the total amount thereof will significantly increase or decrease within twelve months of the balance sheet date.", "label": "Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit", "terseLabel": "Reduction in unrecognized tax benefits" } } }, "localname": "SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_StatementClassOfStockAxis": { "auth_ref": [ "r9", "r10", "r11", "r191" ], "lang": { "en-US": { "role": { "documentation": "Information by the different classes of stock of the entity.", "label": "Class of Stock [Axis]", "terseLabel": "Class of Stock [Axis]" } } }, "localname": "StatementClassOfStockAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails", "http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails" ], "xbrltype": "stringItemType" }, "us-gaap_StatementEquityComponentsAxis": { "auth_ref": [ "r30", "r191" ], "lang": { "en-US": { "role": { "documentation": "Information by component of equity.", "label": "Equity Components [Axis]", "terseLabel": "Equity Components [Axis]" } } }, "localname": "StatementEquityComponentsAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "stringItemType" }, "us-gaap_StatementLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Statement [Line Items]", "terseLabel": "Statement [Line Items]" } } }, "localname": "StatementLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_StatementOfCashFlowsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "localname": "StatementOfCashFlowsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfFinancialPositionAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Financial Position [Abstract]" } } }, "localname": "StatementOfFinancialPositionAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Comprehensive Income [Abstract]" } } }, "localname": "StatementOfIncomeAndComprehensiveIncomeAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementOfStockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Statement of Stockholders' Equity [Abstract]" } } }, "localname": "StatementOfStockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_StatementScenarioAxis": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Information by scenario to be reported. Scenarios distinguish among different kinds of business reporting facts, as for example actual versus budgeted figures.", "label": "Scenario [Axis]", "terseLabel": "Statement, Scenario [Axis]", "verboseLabel": "Scenario [Axis]" } } }, "localname": "StatementScenarioAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome" ], "xbrltype": "stringItemType" }, "us-gaap_StatementTable": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed.", "label": "Statement [Table]", "terseLabel": "Statement [Table]" } } }, "localname": "StatementTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "lang": { "en-US": { "role": { "documentation": "Number of shares issued during the period as a result of an employee stock purchase plan.", "label": "Stock Issued During Period, Shares, Employee Stock Purchase Plans", "terseLabel": "Employee stock purchase plans" } } }, "localname": "StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodSharesNewIssues": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "lang": { "en-US": { "role": { "documentation": "Number of new stock issued during the period.", "label": "Stock Issued During Period, Shares, New Issues", "terseLabel": "Issuance of common stock, shares" } } }, "localname": "StockIssuedDuringPeriodSharesNewIssues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "sharesItemType" }, "us-gaap_StockIssuedDuringPeriodValueNewIssues": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.", "label": "Stock Issued During Period, Value, New Issues", "terseLabel": "Issuance of common stock" } } }, "localname": "StockIssuedDuringPeriodValueNewIssues", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Value of stock related to Restricted Stock Awards forfeited during the period.", "label": "Stock Issued During Period, Value, Restricted Stock Award, Forfeitures", "negatedTerseLabel": "Forfeitures of vested restricted stock units" } } }, "localname": "StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures": { "auth_ref": [ "r191", "r192" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Value of stock related to Restricted Stock Awards issued during the period, net of the stock value of such awards forfeited.", "label": "Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures", "terseLabel": "Issuance of restricted stock units" } } }, "localname": "StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockRepurchasedDuringPeriodShares": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "lang": { "en-US": { "role": { "documentation": "Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Shares", "negatedTerseLabel": "Repurchase of common stock, shares" } } }, "localname": "StockRepurchasedDuringPeriodShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "sharesItemType" }, "us-gaap_StockRepurchasedDuringPeriodValue": { "auth_ref": [ "r10", "r11", "r191", "r192" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.", "label": "Stock Repurchased During Period, Value", "negatedTerseLabel": "Repurchase of common stock" } } }, "localname": "StockRepurchasedDuringPeriodValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquity": { "auth_ref": [ "r11", "r15", "r16", "r139" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 2.0, "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.", "label": "Stockholders' Equity Attributable to Parent", "periodEndLabel": "Ending balance", "periodStartLabel": "Beginning balance", "totalLabel": "Total stockholders\u2019 equity" } } }, "localname": "StockholdersEquity", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest", "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_StockholdersEquityAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Stockholders' Equity Attributable to Parent [Abstract]", "terseLabel": "Stockholders\u2019 equity:" } } }, "localname": "StockholdersEquityAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "stringItemType" }, "us-gaap_StockholdersEquityNoteRedeemablePreferredStockIssuePolicy": { "auth_ref": [ "r7", "r8", "r84", "r190" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for redeemable preferred stock issued. This disclosure may include the accounting treatment for the difference, if there is any, between the carrying value and redemption amount. For example, describe whether the issuer accretes changes in the redemption value.", "label": "Stockholders' Equity Note, Redeemable Preferred Stock, Issue, Policy [Policy Text Block]", "terseLabel": "Redeemable Noncontrolling Interest" } } }, "localname": "StockholdersEquityNoteRedeemablePreferredStockIssuePolicy", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_SubsequentEventLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event.", "label": "Subsequent Event [Line Items]", "terseLabel": "Subsequent Event [Line Items]" } } }, "localname": "SubsequentEventLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event [Member]", "terseLabel": "Subsequent Event" } } }, "localname": "SubsequentEventMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SubsequentEventTable": { "auth_ref": [ "r367" ], "lang": { "en-US": { "role": { "documentation": "Discloses pertinent information about one or more significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued.", "label": "Subsequent Event [Table]", "terseLabel": "Subsequent Event [Table]" } } }, "localname": "SubsequentEventTable", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventTypeAxis": { "auth_ref": [ "r367" ], "lang": { "en-US": { "role": { "documentation": "Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event Type [Axis]", "terseLabel": "Subsequent Event Type [Axis]" } } }, "localname": "SubsequentEventTypeAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventTypeDomain": { "auth_ref": [ "r367" ], "lang": { "en-US": { "role": { "documentation": "Event that occurred after the balance sheet date but before financial statements are issued or available to be issued.", "label": "Subsequent Event Type [Domain]", "terseLabel": "Subsequent Event Type [Domain]" } } }, "localname": "SubsequentEventTypeDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEventsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_SubsequentEventsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Subsequent Events [Abstract]" } } }, "localname": "SubsequentEventsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "xbrltype": "stringItemType" }, "us-gaap_SubsequentEventsTextBlock": { "auth_ref": [ "r368" ], "lang": { "en-US": { "role": { "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.", "label": "Subsequent Events [Text Block]", "terseLabel": "Subsequent Events" } } }, "localname": "SubsequentEventsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SubsequentEvents" ], "xbrltype": "textBlockItemType" }, "us-gaap_SummaryInvestmentHoldingsTextBlock": { "auth_ref": [ "r437" ], "lang": { "en-US": { "role": { "documentation": "Tabular disclosure of the summary of investment holdings.", "label": "Summary Investment Holdings [Table Text Block]", "terseLabel": "Summary of Investment Holdings" } } }, "localname": "SummaryInvestmentHoldingsTextBlock", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsTables" ], "xbrltype": "textBlockItemType" }, "us-gaap_TaxesPayableCurrent": { "auth_ref": [ "r24" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 3.0, "parentTag": "us-gaap_Liabilities", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).", "label": "Taxes Payable, Current", "terseLabel": "Income tax payable" } } }, "localname": "TaxesPayableCurrent", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingGainsLosses": { "auth_ref": [ "r309", "r393", "r394", "r406" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 3.0, "parentTag": "us-gaap_GainLossOnInvestments", "weight": 1.0 } }, "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of gain (loss) resulting from the difference between the acquisition price and the selling price or fair value of trading assets and trading liabilities, conducted separately from customer trading activities. Includes, but is not limited to, changes in fair value of trading assets and trading liabilities.", "label": "Trading Gain (Loss)", "terseLabel": "Gain (loss) from trading investments\u2014net" } } }, "localname": "TradingGainsLosses", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TradingSecuritiesDebt": { "auth_ref": [ "r140", "r141" ], "calculation": { "http://www.cohenandsteers.com/role/InvestmentsDetails": { "order": 2.0, "parentTag": "us-gaap_Investments", "weight": 1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of investment in debt security measured at fair value with change in fair value recognized in net income (trading).", "label": "Debt Securities, Trading", "terseLabel": "Trading", "verboseLabel": "Trading" } } }, "localname": "TradingSecuritiesDebt", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/InvestmentsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "auth_ref": [ "r376" ], "lang": { "en-US": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms.", "label": "Financial Instruments [Domain]", "terseLabel": "Financial Instruments [Domain]" } } }, "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical", "http://www.cohenandsteers.com/role/DerivativesDetails", "http://www.cohenandsteers.com/role/FairValueDetails", "http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockMember": { "auth_ref": [ "r29", "r194" ], "lang": { "en-US": { "role": { "documentation": "Shares of an entity that have been repurchased by the entity. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Classified within stockholders' equity if nonredeemable or redeemable solely at the option of the issuer. Classified within temporary equity if redemption is outside the control of the issuer.", "label": "Treasury Stock [Member]", "terseLabel": "Treasury Stock" } } }, "localname": "TreasuryStockMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest" ], "xbrltype": "domainItemType" }, "us-gaap_TreasuryStockShares": { "auth_ref": [ "r29", "r194" ], "lang": { "en-US": { "role": { "documentation": "Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.", "label": "Treasury Stock, Shares", "terseLabel": "Treasury stock, shares" } } }, "localname": "TreasuryStockShares", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical" ], "xbrltype": "sharesItemType" }, "us-gaap_TreasuryStockValue": { "auth_ref": [ "r29", "r194", "r195" ], "calculation": { "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition": { "order": 5.0, "parentTag": "us-gaap_StockholdersEquity", "weight": -1.0 } }, "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.", "label": "Treasury Stock, Value", "negatedLabel": "Less: Treasury stock, at cost, 5,329,820 and 5,050,285 shares at December 31, 2019 and 2018, respectively" } } }, "localname": "TreasuryStockValue", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition" ], "xbrltype": "monetaryItemType" }, "us-gaap_TypeOfAdoptionMember": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Adoption and early adoption of sources of change to generally accepted accounting principles (GAAP) in the United States. The FASB released the FASB Accounting Standards Codification as the authoritative source of literature effective for interim and annual periods ending after September 15, 2009. As part of the Codification process, the FASB issues Accounting Standards Updates to amend the Codification but otherwise the Accounting Standards Updates are not authoritative in their own right. All previous accounting standards (such as FASB Statements of Financial Accounting Standards, FASB Interpretations, FASB Staff Positions, Emerging Issues Task Force Consensuses, other pronouncements of the FASB or other designated bodies, or other forms of GAAP are considered accounting pronouncements) were superseded upon the adoption of the Codification. For an interim period, references to the superseded standards are included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.", "label": "Type of Adoption [Domain]", "terseLabel": "Type of Adoption [Domain]" } } }, "localname": "TypeOfAdoptionMember", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails" ], "xbrltype": "domainItemType" }, "us-gaap_UnrecognizedTaxBenefits": { "auth_ref": [ "r236", "r248" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of unrecognized tax benefits.", "label": "Unrecognized Tax Benefits", "periodEndLabel": "Gross unrecognized tax benefits balance", "periodStartLabel": "Gross unrecognized tax benefits balance", "terseLabel": "Gross unrecognized tax benefits" } } }, "localname": "UnrecognizedTaxBenefits", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails", "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions": { "auth_ref": [ "r249" ], "crdr": "debit", "lang": { "en-US": { "role": { "documentation": "Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.", "label": "Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions", "negatedTerseLabel": "Reduction of tax positions from prior years" } } }, "localname": "UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued": { "auth_ref": [ "r246" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return.", "label": "Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued", "terseLabel": "Uncertain tax positions, accrued interest and penalties" } } }, "localname": "UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions": { "auth_ref": [ "r250" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return.", "label": "Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions", "terseLabel": "Addition for tax positions of current year" } } }, "localname": "UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions": { "auth_ref": [ "r249" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns.", "label": "Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions", "terseLabel": "Addition for tax positions of prior years" } } }, "localname": "UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate": { "auth_ref": [ "r251" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate.", "label": "Unrecognized Tax Benefits that Would Impact Effective Tax Rate", "terseLabel": "Unrecognized tax benefits that impact effective tax rate in future periods" } } }, "localname": "UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_UseOfEstimates": { "auth_ref": [ "r113", "r114", "r115", "r116", "r122", "r123", "r124" ], "lang": { "en-US": { "role": { "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.", "label": "Use of Estimates, Policy [Policy Text Block]", "terseLabel": "Accounting Estimates" } } }, "localname": "UseOfEstimates", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "xbrltype": "textBlockItemType" }, "us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount": { "auth_ref": [ "r237" ], "crdr": "credit", "lang": { "en-US": { "role": { "documentation": "Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset.", "label": "Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount", "terseLabel": "Changes in Valuation Allowance" } } }, "localname": "ValuationAllowanceDeferredTaxAssetChangeInAmount", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails" ], "xbrltype": "monetaryItemType" }, "us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis": { "auth_ref": [ "r281", "r282", "r284" ], "lang": { "en-US": { "role": { "documentation": "Information by category of Variable Interest Entity (VIE).", "label": "Variable Interest Entities [Axis]", "terseLabel": "Variable Interest Entities [Axis]" } } }, "localname": "VariableInterestEntitiesByClassificationOfEntityAxis", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical", "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_VariableInterestEntityLineItems": { "auth_ref": [], "lang": { "en-US": { "role": { "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.", "label": "Variable Interest Entity [Line Items]", "terseLabel": "Variable Interest Entity [Line Items]" } } }, "localname": "VariableInterestEntityLineItems", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment": { "auth_ref": [ "r103" ], "calculation": { "http://www.cohenandsteers.com/role/EarningsPerShareDetails": { "order": 2.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation.", "label": "Weighted Average Number Diluted Shares Outstanding Adjustment", "terseLabel": "Dilutive potential shares from restricted stock units (in shares)" } } }, "localname": "WeightedAverageNumberDilutedSharesOutstandingAdjustment", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/EarningsPerShareDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "auth_ref": [ "r99", "r103" ], "calculation": { "http://www.cohenandsteers.com/role/EarningsPerShareDetails": { "order": null, "parentTag": null, "root": true, "weight": null } }, "lang": { "en-US": { "role": { "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.", "label": "Weighted Average Number of Shares Outstanding, Diluted", "terseLabel": "Diluted (shares)", "totalLabel": "Diluted weighted average shares outstanding (in shares)" } } }, "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Weighted Average Number of Shares Outstanding, Diluted [Abstract]", "terseLabel": "Weighted average shares outstanding:" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations" ], "xbrltype": "stringItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "auth_ref": [ "r98", "r103" ], "calculation": { "http://www.cohenandsteers.com/role/EarningsPerShareDetails": { "order": 1.0, "parentTag": "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding", "weight": 1.0 } }, "lang": { "en-US": { "role": { "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.", "label": "Weighted Average Number of Shares Outstanding, Basic", "terseLabel": "Basic (shares)", "verboseLabel": "Basic weighted average shares outstanding (in shares)" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations", "http://www.cohenandsteers.com/role/EarningsPerShareDetails", "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "sharesItemType" }, "us-gaap_WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract": { "auth_ref": [], "lang": { "en-US": { "role": { "label": "Weighted Average Number of Shares Outstanding Reconciliation [Abstract]", "terseLabel": "Weighted-average shares outstanding:" } } }, "localname": "WeightedAverageNumberOfSharesOutstandingDilutedDisclosureItemsAbstract", "nsuri": "http://fasb.org/us-gaap/2018-01-31", "presentation": [ "http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails" ], "xbrltype": "stringItemType" } }, "unitCount": 5 } }, "std_ref": { "r0": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "205", "URI": "http://asc.fasb.org/topic&trid=2122149" }, "r1": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=82887183&loc=d3e6676-107765" }, "r10": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(28))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r100": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1252-109256" }, "r101": { "Name": "Accounting Standards Codification", "Paragraph": "60B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=SL5780133-109256" }, "r102": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1337-109256" }, "r103": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r104": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r105": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257" }, "r106": { "Name": "Accounting Standards Codification", "Paragraph": "52", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109256448&loc=d3e4984-109258" }, "r107": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "260", "URI": "http://asc.fasb.org/topic&trid=2144383" }, "r108": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305" }, "r109": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305" }, "r11": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(29))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r110": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306" }, "r111": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.10-01.(b)(6))", "Topic": "270", "URI": "http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699" }, "r112": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "270", "URI": "http://asc.fasb.org/topic&trid=2126967" }, "r113": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r114": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592" }, "r115": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592" }, "r116": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592" }, "r117": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6327-108592" }, "r118": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592" }, "r119": { "Name": "Accounting Standards Codification", "Paragraph": "18", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6351-108592" }, "r12": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r120": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6404-108592" }, "r121": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6442-108592" }, "r122": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592" }, "r123": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592" }, "r124": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "275", "URI": "http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592" }, "r125": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "275", "URI": "http://asc.fasb.org/topic&trid=2134479" }, "r126": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r127": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r128": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(g)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r129": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r13": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r130": { "Name": "Accounting Standards Codification", "Paragraph": "22", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599" }, "r131": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599" }, "r132": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r133": { "Name": "Accounting Standards Codification", "Paragraph": "32", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599" }, "r134": { "Name": "Accounting Standards Codification", "Paragraph": "40", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9031-108599" }, "r135": { "Name": "Accounting Standards Codification", "Paragraph": "41", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599" }, "r136": { "Name": "Accounting Standards Codification", "Paragraph": "42", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "280", "URI": "http://asc.fasb.org/extlink&oid=115929826&loc=d3e9054-108599" }, "r137": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "305", "URI": "http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797" }, "r138": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=82891408&loc=d3e4428-111522" }, "r139": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 4.E)", "Topic": "310", "URI": "http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707" }, "r14": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r140": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26610-111562" }, "r141": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26610-111562" }, "r142": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=109979856&loc=d3e26853-111562" }, "r143": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27405-111563" }, "r144": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27232-111563" }, "r145": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(aa)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27232-111563" }, "r146": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563" }, "r147": { "Name": "Accounting Standards Codification", "Paragraph": "8B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=SL6284393-111563" }, "r148": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563" }, "r149": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 5.M)", "Topic": "320", "URI": "http://asc.fasb.org/extlink&oid=65877573&loc=d3e87990-122713" }, "r15": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(30))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r150": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=75018788&loc=d3e30768-111565" }, "r151": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=109237563&loc=d3e33749-111570" }, "r152": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r153": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "323", "URI": "http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571" }, "r154": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=99380562&loc=d3e13770-109266" }, "r155": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=77989000&loc=SL49117168-202975" }, "r156": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(f)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r157": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267" }, "r158": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274" }, "r159": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274" }, "r16": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(31))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r160": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r161": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r162": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275" }, "r163": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "((a)(1),(b))", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r164": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r165": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(1)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r166": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(a)(2)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r167": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "350", "URI": "http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275" }, "r168": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "350", "URI": "http://asc.fasb.org/topic&trid=2144416" }, "r169": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r17": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(32))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r170": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r171": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r172": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "360", "URI": "http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229" }, "r173": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "360", "URI": "http://asc.fasb.org/topic&trid=2155823" }, "r174": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(f)", "Topic": "440", "URI": "http://asc.fasb.org/extlink&oid=77929361&loc=d3e25218-109307" }, "r175": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "440", "URI": "http://asc.fasb.org/topic&trid=2144648" }, "r176": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14326-108349" }, "r177": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14615-108349" }, "r178": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14394-108349" }, "r179": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349" }, "r18": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(4))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r180": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14453-108349" }, "r181": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14472-108349" }, "r182": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "450", "URI": "http://asc.fasb.org/extlink&oid=82911808&loc=d3e14557-108349" }, "r183": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "450", "URI": "http://asc.fasb.org/topic&trid=2127136" }, "r184": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12021-110248" }, "r185": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "460", "URI": "http://asc.fasb.org/extlink&oid=115931803&loc=d3e12053-110248" }, "r186": { "Name": "Accounting Standards Codification", "Paragraph": "3A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(12)(c)", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764" }, "r187": { "Name": "Accounting Standards Codification", "Paragraph": "3A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(16)(c)", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764" }, "r188": { "Name": "Accounting Standards Codification", "Paragraph": "3A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "14", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764" }, "r189": { "Name": "Accounting Standards Codification", "Paragraph": "3A", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "15", "Topic": "480", "URI": "http://asc.fasb.org/extlink&oid=65877616&loc=SL6540498-122764" }, "r19": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.1)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r190": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6403650&loc=d3e20905-112640" }, "r191": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644" }, "r192": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3-04)", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r193": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770" }, "r194": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655" }, "r195": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "505", "URI": "http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656" }, "r196": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "50", "Topic": "505", "URI": "http://asc.fasb.org/subtopic&trid=2208855" }, "r197": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130539-203045" }, "r198": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130543-203045" }, "r199": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045" }, "r2": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(1))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r20": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.12)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r200": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r201": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r202": { "Name": "Accounting Standards Codification", "Paragraph": "91", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "606", "URI": "http://asc.fasb.org/extlink&oid=108792157&loc=SL49130690-203046-203046" }, "r203": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "606", "URI": "http://asc.fasb.org/topic&trid=49130388" }, "r204": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "710", "URI": "http://asc.fasb.org/extlink&oid=6409733&loc=d3e19512-108361" }, "r205": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "30", "SubTopic": "10", "Topic": "710", "URI": "http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363" }, "r206": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "710", "URI": "http://asc.fasb.org/extlink&oid=6409961&loc=d3e20487-108367" }, "r207": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "710", "URI": "http://asc.fasb.org/topic&trid=2127225" }, "r208": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(ii)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r209": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(d)(iv)(01)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r21": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.13)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r210": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(n)", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920" }, "r211": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=108410482&loc=d3e2410-114920" }, "r212": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "715", "URI": "http://asc.fasb.org/extlink&oid=112275985&loc=d3e4179-114921" }, "r213": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=79507207&loc=d3e4534-113899" }, "r214": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r215": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r216": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901" }, "r217": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r218": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r219": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a),(g)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r22": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.14)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r220": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b),(f)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r221": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r222": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r223": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r224": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)(iv)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r225": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(i)-(ii)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r226": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(1)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r227": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)(iii)(3)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r228": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(h)(1)(i)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r229": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901" }, "r23": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19(a))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r230": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 14.F)", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809" }, "r231": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11149-113907" }, "r232": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "718", "URI": "http://asc.fasb.org/extlink&oid=109196918&loc=d3e11178-113907" }, "r233": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "718", "URI": "http://asc.fasb.org/topic&trid=2228938" }, "r234": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r235": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "25", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=115928272&loc=d3e28680-109314" }, "r236": { "Name": "Accounting Standards Codification", "Paragraph": "10B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=SL37586934-109318" }, "r237": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32123-109318" }, "r238": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32247-109318" }, "r239": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e32280-109318" }, "r24": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19,20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r240": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31917-109318" }, "r241": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31928-109318" }, "r242": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31931-109318" }, "r243": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84176650&loc=d3e31958-109318" }, "r244": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319" }, "r245": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32698-109319" }, "r246": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r247": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319" }, "r248": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r249": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r25": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.19-26)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r250": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r251": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r252": { "Name": "Accounting Standards Codification", "Paragraph": "15A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319" }, "r253": { "Name": "Accounting Standards Codification", "Paragraph": "17", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319" }, "r254": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319" }, "r255": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r256": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r257": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319" }, "r258": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319" }, "r259": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32621-109319" }, "r26": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.2,12)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r260": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32632-109319" }, "r261": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r262": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r263": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319" }, "r264": { "Name": "Accounting Standards Codification", "Paragraph": "217", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238393&loc=d3e36027-109320" }, "r265": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB TOPIC 6.I)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r266": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SAB Topic 6.I.7)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=34349781&loc=d3e330036-122817" }, "r267": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=109238882&loc=d3e38679-109324" }, "r268": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "30", "Topic": "740", "URI": "http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327" }, "r269": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "740", "URI": "http://asc.fasb.org/topic&trid=2144680" }, "r27": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.20)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r270": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(e)(1)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472" }, "r271": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5333-128473" }, "r272": { "Name": "Accounting Standards Codification", "Paragraph": "38", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "805", "URI": "http://asc.fasb.org/extlink&oid=77890550&loc=d3e5504-128473" }, "r273": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4568447-111683" }, "r274": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683" }, "r275": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=d3e5614-111684" }, "r276": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r277": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r278": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r279": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r28": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.25)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r280": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c),(3)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684" }, "r281": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5710-111685" }, "r282": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5728-111685" }, "r283": { "Name": "Accounting Standards Codification", "Paragraph": "5A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6759159-111685" }, "r284": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=d3e5747-111685" }, "r285": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=108788376&loc=SL6228884-111685" }, "r286": { "Name": "Accounting Standards Codification", "Paragraph": "4J", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=84234705&loc=SL4591551-111686" }, "r287": { "Name": "Accounting Standards Codification", "Paragraph": "4K", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686" }, "r288": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-02)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355033-122828" }, "r289": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.3A-03)", "Topic": "810", "URI": "http://asc.fasb.org/extlink&oid=27015204&loc=d3e355100-122828" }, "r29": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29,30)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r290": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "810", "URI": "http://asc.fasb.org/topic&trid=2197479" }, "r291": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959" }, "r292": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959" }, "r293": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959" }, "r294": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959" }, "r295": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959" }, "r296": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959" }, "r297": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959" }, "r298": { "Name": "Accounting Standards Codification", "Paragraph": "4A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959" }, "r299": { "Name": "Accounting Standards Codification", "Paragraph": "4A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959" }, "r3": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(13))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r30": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.29-31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r300": { "Name": "Accounting Standards Codification", "Paragraph": "4A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)(1)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959" }, "r301": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r302": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r303": { "Name": "Accounting Standards Codification", "Paragraph": "4B", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959" }, "r304": { "Name": "Accounting Standards Codification", "Paragraph": "4C", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959" }, "r305": { "Name": "Accounting Standards Codification", "Paragraph": "4D", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(2)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624177-113959" }, "r306": { "Name": "Accounting Standards Codification", "Paragraph": "4D", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)(4)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624177-113959" }, "r307": { "Name": "Accounting Standards Codification", "Paragraph": "4D", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624177-113959" }, "r308": { "Name": "Accounting Standards Codification", "Paragraph": "4E", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959" }, "r309": { "Name": "Accounting Standards Codification", "Paragraph": "4F", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=SL5624186-113959" }, "r31": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.3(a)(2))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r310": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959" }, "r311": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959" }, "r312": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959" }, "r313": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "25", "Topic": "815", "URI": "http://asc.fasb.org/extlink&oid=109977999&loc=d3e76258-113986" }, "r314": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "815", "URI": "http://asc.fasb.org/topic&trid=2229140" }, "r315": { "Name": "Accounting Standards Codification", "Paragraph": "54B", "Publisher": "FASB", "Section": "35", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99392525&loc=SL7495116-110257" }, "r316": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258" }, "r317": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r318": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r319": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(bb)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r32": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02.31)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r320": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r321": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r322": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(1a)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r323": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(2)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r324": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)(3)", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r325": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258" }, "r326": { "Name": "Accounting Standards Codification", "Paragraph": "2C", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258" }, "r327": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258" }, "r328": { "Name": "Accounting Standards Codification", "Paragraph": "6A", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=99377789&loc=SL6742756-110258" }, "r329": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "60", "SubTopic": "10", "Topic": "820", "URI": "http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260" }, "r33": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(c)", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312" }, "r330": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "820", "URI": "http://asc.fasb.org/topic&trid=2155941" }, "r331": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=99377092&loc=SL75136599-209740" }, "r332": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13279-108611" }, "r333": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13433-108611" }, "r334": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13531-108611" }, "r335": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611" }, "r336": { "Name": "Accounting Standards Codification", "Paragraph": "21", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "825", "URI": "http://asc.fasb.org/extlink&oid=109250915&loc=d3e13537-108611" }, "r337": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240200&loc=d3e30690-110894" }, "r338": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240200&loc=d3e30700-110894" }, "r339": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895" }, "r34": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313" }, "r340": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "230", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906" }, "r341": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32022-110900" }, "r342": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(b)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32211-110900" }, "r343": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Subparagraph": "(b,c)", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=109240241&loc=d3e32211-110900" }, "r344": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "830", "URI": "http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901" }, "r345": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "25", "SubTopic": "20", "Topic": "840", "URI": "http://asc.fasb.org/extlink&oid=77902458&loc=d3e39896-112707" }, "r346": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "65", "SubTopic": "10", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=113997351&loc=SL77916155-209984" }, "r347": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977" }, "r348": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977" }, "r349": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888419&loc=SL77918638-209977" }, "r35": { "Name": "Accounting Standards Codification", "Paragraph": "9", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=99393222&loc=SL20226006-175313" }, "r350": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(a)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r351": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(b)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r352": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(2)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r353": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(3)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r354": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(g)(4)", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r355": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980" }, "r356": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980" }, "r357": { "Name": "Accounting Standards Codification", "Paragraph": "53", "Publisher": "FASB", "Section": "55", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/extlink&oid=77888399&loc=SL77918982-209971" }, "r358": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "SubTopic": "20", "Topic": "842", "URI": "http://asc.fasb.org/subtopic&trid=77888251" }, "r359": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r36": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r360": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Subparagraph": "(d)", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r361": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864" }, "r362": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864" }, "r363": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864" }, "r364": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864" }, "r365": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "850", "URI": "http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864" }, "r366": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "850", "URI": "http://asc.fasb.org/topic&trid=2122745" }, "r367": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "855", "URI": "http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662" }, "r368": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "855", "URI": "http://asc.fasb.org/topic&trid=2122774" }, "r369": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r37": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a),(b),(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r370": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(1)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r371": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(2)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r372": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "20", "Subparagraph": "(bb)(3)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109247956&loc=d3e107207-111719" }, "r373": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "45", "SubTopic": "30", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728" }, "r374": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Subparagraph": "(b)(1)(i)", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r375": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "30", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729" }, "r376": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "50", "Topic": "860", "URI": "http://asc.fasb.org/extlink&oid=68078379&loc=d3e122625-111746" }, "r377": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "340", "Topic": "928", "URI": "http://asc.fasb.org/extlink&oid=6473545&loc=d3e61844-108004" }, "r378": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447" }, "r379": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61929-109447" }, "r38": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(e)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r380": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447" }, "r381": { "Name": "Accounting Standards Codification", "Paragraph": "20", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62059-109447" }, "r382": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62395-109447" }, "r383": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62395-109447" }, "r384": { "Name": "Accounting Standards Codification", "Paragraph": "33", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447" }, "r385": { "Name": "Accounting Standards Codification", "Paragraph": "33", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e62479-109447" }, "r386": { "Name": "Accounting Standards Codification", "Paragraph": "35A", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(a)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=SL6807758-109447" }, "r387": { "Name": "Accounting Standards Codification", "Paragraph": "35A", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(b)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=SL6807758-109447" }, "r388": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(c)(1)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447" }, "r389": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "235", "Subparagraph": "(c)(2)", "Topic": "932", "URI": "http://asc.fasb.org/extlink&oid=68064819&loc=d3e61872-109447" }, "r39": { "Name": "Accounting Standards Codification", "Paragraph": "10A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669646-108580" }, "r390": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "05", "SubTopic": "10", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=68080064&loc=d3e40179-110945" }, "r391": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "25", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=68072869&loc=d3e41256-110953" }, "r392": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "45", "SubTopic": "20", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35710130&loc=d3e41645-110958" }, "r393": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "35", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35711043&loc=d3e42454-110968" }, "r394": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "320", "Topic": "940", "URI": "http://asc.fasb.org/extlink&oid=35711157&loc=d3e42567-110969" }, "r395": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(10))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r396": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(11))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r397": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(17))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r398": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r399": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r4": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(14))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r40": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e637-108580" }, "r400": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03(9))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r401": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.15)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r402": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.9-03.17)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878" }, "r403": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(13)(f))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r404": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(22))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r405": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04(23))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r406": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.13(e))", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r407": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.9-04.14)", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260" }, "r408": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "405", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=6957935&loc=d3e64057-112817" }, "r409": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958568-112826" }, "r41": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e681-108580" }, "r410": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958569-112826" }, "r411": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958570-112826" }, "r412": { "Name": "Accounting Standards Codification", "Paragraph": "1C", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958572-112826" }, "r413": { "Name": "Accounting Standards Codification", "Paragraph": "1D", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958573-112826" }, "r414": { "Name": "Accounting Standards Codification", "Paragraph": "1E", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958574-112826" }, "r415": { "Name": "Accounting Standards Codification", "Paragraph": "1F", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958575-112826" }, "r416": { "Name": "Accounting Standards Codification", "Paragraph": "1G", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=SL5958577-112826" }, "r417": { "Name": "Accounting Standards Codification", "Paragraph": "1H", "Publisher": "FASB", "Section": "50", "SubTopic": "505", "Topic": "942", "URI": "http://asc.fasb.org/extlink&oid=84167132&loc=d3e65071-112826" }, "r418": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r419": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(5))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r42": { "Name": "Accounting Standards Codification", "Paragraph": "14A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580" }, "r420": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r421": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(12))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r422": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r423": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(24))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r424": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(25))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r425": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03(a)(8))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r426": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.(a),19)", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r427": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "210", "Subparagraph": "(SX 210.7-03.1(h))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910" }, "r428": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(10))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r429": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(18))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r43": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e689-108580" }, "r430": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.7-04(19))", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=114873790&loc=SL114874131-224263" }, "r431": { "Name": "Accounting Standards Codification", "Paragraph": "4H", "Publisher": "FASB", "Section": "50", "SubTopic": "40", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99384497&loc=SL65671331-158438" }, "r432": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "50", "SubTopic": "825", "Topic": "944", "URI": "http://asc.fasb.org/extlink&oid=99380617&loc=SL75241803-196195" }, "r433": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "220", "Subparagraph": "(SX 210.6-07.1(c))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=114873854&loc=SL114874292-224272" }, "r434": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12(2)(i))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010" }, "r435": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611133-123010" }, "r436": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12C(1)(a))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010" }, "r437": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-12C)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611225-123010" }, "r438": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-13(1))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010" }, "r439": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-13)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611282-123010" }, "r44": { "Name": "Accounting Standards Codification", "Paragraph": "17A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724391-108580" }, "r440": { "Name": "Accounting Standards Codification", "Paragraph": "6", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-14)", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010" }, "r441": { "Name": "Accounting Standards Codification", "Paragraph": "7", "Publisher": "FASB", "Section": "S99", "SubTopic": "320", "Subparagraph": "(SX 210.12-15(Column A))", "Topic": "946", "URI": "http://asc.fasb.org/extlink&oid=50485924&loc=d3e611379-123010" }, "r442": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "310", "Subparagraph": "(SX 210.12-29(Footnote 4))", "Topic": "948", "URI": "http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014" }, "r443": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "740", "Topic": "954", "URI": "http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650" }, "r444": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 2))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r445": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "360", "Subparagraph": "(SX 210.12-28(Footnote 4))", "Topic": "970", "URI": "http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024" }, "r446": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b" }, "r447": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1" }, "r448": { "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Publisher": "SEC", "Section": "13", "Subsection": "a-1-" }, "r449": { "Name": "Forms 10-K, 20-F, 40-F", "Number": "240", "Publisher": "SEC", "Section": "15", "Subsection": "d-1" }, "r45": { "Name": "Accounting Standards Codification", "Paragraph": "17B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL34724394-108580" }, "r450": { "Name": "Regulation 12B", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2" }, "r451": { "Name": "Regulation S-T", "Number": "232", "Publisher": "SEC", "Section": "405" }, "r452": { "Name": "Rule 15c3-1", "Number": "240", "Publisher": "SEC", "Section": "15c3-1" }, "r46": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r47": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r48": { "Name": "Accounting Standards Codification", "Paragraph": "1A", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580" }, "r49": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r5": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(17))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r50": { "Name": "Accounting Standards Codification", "Paragraph": "1B", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580" }, "r51": { "Name": "Accounting Standards Codification", "Paragraph": "5", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=114867106&loc=d3e557-108580" }, "r52": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "55", "SubTopic": "10", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=109228884&loc=d3e1436-108581" }, "r53": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(12))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r54": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(20))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r55": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(21))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r56": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(7)(c))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r57": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03(b)(4))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r58": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1(e))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r59": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.1)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r6": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(25))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r60": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.3)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r61": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.4)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r62": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.7(a),(b))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r63": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.7(c),9(a))", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r64": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.7)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r65": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-03.9)", "Topic": "220", "URI": "http://asc.fasb.org/extlink&oid=115205541&loc=SL114868664-224227" }, "r66": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a),(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r67": { "Name": "Accounting Standards Codification", "Paragraph": "12", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3179-108585" }, "r68": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a),(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r69": { "Name": "Accounting Standards Codification", "Paragraph": "13", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(c)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3213-108585" }, "r7": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27)(b))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r70": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r71": { "Name": "Accounting Standards Codification", "Paragraph": "14", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3255-108585" }, "r72": { "Name": "Accounting Standards Codification", "Paragraph": "15", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3291-108585" }, "r73": { "Name": "Accounting Standards Codification", "Paragraph": "19", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3444-108585" }, "r74": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3000-108585" }, "r75": { "Name": "Accounting Standards Codification", "Paragraph": "24", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3521-108585" }, "r76": { "Name": "Accounting Standards Codification", "Paragraph": "25", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3536-108585" }, "r77": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(a)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r78": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Subparagraph": "(b)", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r79": { "Name": "Accounting Standards Codification", "Paragraph": "28", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585" }, "r8": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27)(c))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r80": { "Name": "Accounting Standards Codification", "Paragraph": "4", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=109223946&loc=d3e3044-108585" }, "r81": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586" }, "r82": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=d3e4297-108586" }, "r83": { "Name": "Accounting Standards Codification", "Paragraph": "8", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "230", "URI": "http://asc.fasb.org/extlink&oid=98513485&loc=SL98516268-108586" }, "r84": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790" }, "r85": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r86": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08(k))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r87": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(1)(i))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r88": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r89": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(h))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r9": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.5-02(27))", "Topic": "210", "URI": "http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682" }, "r90": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(k)(1))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r91": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.4-08.(n)(2))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690" }, "r92": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "S99", "SubTopic": "10", "Subparagraph": "(SX 210.12-04(a))", "Topic": "235", "URI": "http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690" }, "r93": { "Name": "Accounting Standards Codification", "Publisher": "FASB", "Topic": "235", "URI": "http://asc.fasb.org/topic&trid=2122369" }, "r94": { "Name": "Accounting Standards Codification", "Paragraph": "1", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794" }, "r95": { "Name": "Accounting Standards Codification", "Paragraph": "11", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794" }, "r96": { "Name": "Accounting Standards Codification", "Paragraph": "2", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794" }, "r97": { "Name": "Accounting Standards Codification", "Paragraph": "3", "Publisher": "FASB", "Section": "50", "SubTopic": "10", "Topic": "250", "URI": "http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794" }, "r98": { "Name": "Accounting Standards Codification", "Paragraph": "10", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1448-109256" }, "r99": { "Name": "Accounting Standards Codification", "Paragraph": "16", "Publisher": "FASB", "Section": "45", "SubTopic": "10", "Topic": "260", "URI": "http://asc.fasb.org/extlink&oid=109260490&loc=d3e1505-109256" } }, "version": "2.1" } XML 24 R71.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Concentration of Credit Risk (Details) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Concentration Risk (Line Items)                      
Revenues $ 109,847 $ 104,965 $ 101,792 $ 94,226 $ 93,906 $ 98,331 $ 94,410 $ 94,464 $ 410,830 $ 381,111  
Cohen & Steers Realty Shares, Inc. (CSR) | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Percent of total revenue                 9.00% 9.90% 11.40%
Cohen & Steers Realty Shares, Inc. (CSR) | Investment advisory and administration fees | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 32,884 $ 33,827 $ 38,392
Cohen & Steers Realty Shares, Inc. (CSR) | Distribution and Shareholder Service [Member] | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 4,079 $ 4,032 $ 4,602
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX) | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Percent of total revenue                 16.90% 17.50% 18.00%
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX) | Investment advisory and administration fees | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 56,638 $ 53,059 $ 53,594
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX) | Distribution and Shareholder Service [Member] | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 12,753 $ 13,525 $ 14,744
Cohen & Steers Real Estate Securities Fund, Inc. (CSI) | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Percent of total revenue                 12.20% 10.10% 9.20%
Cohen & Steers Real Estate Securities Fund, Inc. (CSI) | Investment advisory and administration fees | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 41,971 $ 31,759 $ 27,033
Cohen & Steers Real Estate Securities Fund, Inc. (CSI) | Distribution and Shareholder Service [Member] | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 8,128 $ 6,841 $ 7,662
Daiwa Asset Management | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Percent of total revenue                 7.80% 8.80% 10.80%
Daiwa Asset Management | Investment advisory and administration fees | Customer Concentration Risk                      
Concentration Risk (Line Items)                      
Revenues                 $ 31,957 $ 33,454 $ 40,791
XML 25 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Total revenue $ 410,830 $ 381,111 $ 378,696
Expenses:      
Employee compensation and benefits 143,431 131,292 124,076
Distribution and service fees 55,237 50,043 53,338
General and administrative 47,632 48,265 42,219
Depreciation and amortization 4,396 4,473 4,317
Total expenses 250,696 234,073 223,950
Operating income (loss) 160,134 147,038 154,746
Non-operating income (loss):      
Interest and dividend income—net 6,716 10,426 4,333
Gain (loss) from investments—net 21,673 (14,264) 2,020
Foreign currency gains (losses)—net (974) 579 (699)
Total non-operating income (loss) 27,415 (3,259) 5,654
Income before provision for income taxes 187,549 143,779 160,400
Provision for income taxes 40,565 34,257 67,914
Net income 146,984 109,522 92,486
Less: Net (income) loss attributable to redeemable noncontrolling interest (12,363) 4,374 (547)
Net income attributable to common stockholders $ 134,621 $ 113,896 $ 91,939
Earnings per share attributable to common stockholders:      
Basic (in dollars per share) $ 2.85 $ 2.43 $ 1.98
Diluted (in dollars per share) $ 2.79 $ 2.40 $ 1.96
Weighted average shares outstanding:      
Basic (shares) 47,273 46,794 46,353
Diluted (shares) 48,297 47,381 46,979
Investment advisory and administration fees      
Total revenue $ 378,578 $ 349,870 $ 344,900
Distribution and service fees      
Total revenue 30,048 29,090 30,747
Other      
Total revenue $ 2,204 $ 2,151 $ 3,049
XML 26 R56.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related Party Transactions (Details) - Affiliated Entity - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Related Party Transactions Revenue [Abstract]      
Investment advisory and administrative fees $ 264,116,000 $ 241,255,000 $ 236,832,000
Distribution and service fees 30,048,000 29,090,000 30,747,000
Total 294,164,000 270,345,000 267,579,000
Related Party Transactions Summary [Abstract]      
Proceeds from sales 37,326,000 10,872,000 15,105,000
Gross realized gains 241,000 28,000 80,000
Gross realized losses, including other-than-temporary impairment (907,000) (4,448,000) 0
Dividend income 52,000 481,000 675,000
Fund expenses, included in general and administrative expenses 11,100,000 8,600,000 $ 8,700,000
Receivables, Company sponsored mutual funds 27,725,000 22,560,000  
Accounts Payable, Company sponsored mutual funds $ 1,498,000 $ 845,000  
XML 27 R52.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Earnings Per Share [Abstract]                      
Anti-dilutive common stock equivalents excluded from computation (in shares)                 0 0 0
Net income                 $ 146,984 $ 109,522 $ 92,486
Less: Net (income) loss attributable to redeemable noncontrolling interest                 (12,363) 4,374 (547)
Net income attributable to common stockholders $ 36,728 $ 34,017 $ 31,333 $ 32,543 $ 25,561 $ 30,790 $ 29,959 $ 27,586 $ 134,621 $ 113,896 $ 91,939
Basic weighted average shares outstanding (in shares) 47,324 47,316 47,304 47,146 46,842 46,830 46,819 46,683 47,273 46,794 46,353
Dilutive potential shares from restricted stock units (in shares)                 1,024 587 626
Diluted weighted average shares outstanding (in shares) 48,703 48,412 48,175 47,642 47,562 47,524 47,311 47,152 48,297 47,381 46,979
Basic earnings per share attributable to common stockholders (in dollars per share) $ 0.78 $ 0.72 $ 0.66 $ 0.69 $ 0.55 $ 0.66 $ 0.64 $ 0.59 $ 2.85 $ 2.43 $ 1.98
Diluted earnings per share attributable to common stockholders (in dollars per share) $ 0.75 $ 0.70 $ 0.65 $ 0.68 $ 0.54 $ 0.65 $ 0.63 $ 0.59 $ 2.79 $ 2.40 $ 1.96
XML 28 R8.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 146,984 $ 109,522 $ 92,486
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock compensation expense 27,811 24,626 22,360
Amortization of deferred commissions 1,079 1,559 2,800
Depreciation and amortization 4,396 4,473 4,317
Amortization of right-of-use assets 10,048 9,364 7,572
Amortization (accretion) of premium (discount) on held-to-maturity investments (493) (246) 0
(Gain) loss from investments—net (21,673) 14,264 (2,020)
Deferred income taxes 96 (1,373) (314)
Foreign currency (gain) loss 9 211 47
Changes in operating assets and liabilities:      
Accounts receivable (8,729) 3,262 (7,613)
Due from brokers 989 (7,811) (4,850)
Deferred commissions (1,628) (982) (1,894)
Investments within consolidated funds (13,997) (81,182) (60,252)
Other assets (120) (2,689) (576)
Accrued compensation 4,420 2,341 6,064
Distribution and service fees payable (1,175) 2,262 (221)
Operating lease liabilities (10,955) (9,542) (7,807)
Due to broker 45 1,839 3,282
Income tax payable 3,531 (1,229) 10,517
Other liabilities and accrued expenses 807 3,929 355
Net cash provided by (used in) operating activities 141,445 72,598 64,253
Cash flows from investing activities:      
Proceeds from redemptions of equity method investments 52 37 41
Purchases of investments (50,943) (63,557) (16,901)
Proceeds from sales of investments 89,592 13,796 25,811
Purchases of property and equipment (2,752) (3,470) (3,242)
Net cash provided by (used in) investing activities 35,949 (53,194) 5,709
Cash flows from financing activities:      
Issuance of common stock 741 597 636
Repurchase of common stock (10,408) (10,599) (9,141)
Dividends to stockholders (162,705) (178,879) (98,313)
Distributions to redeemable noncontrolling interest (43,483) (10,862) (263)
Contributions from redeemable noncontrolling interests 45,725 81,633 46,658
Net cash provided by (used in) financing activities (170,130) (118,110) (60,423)
Net increase (decrease) in cash and cash equivalents 7,264 (98,706) 9,539
Effect of foreign exchange rate changes on cash and cash equivalents 1,355 (2,013) 679
Cash and cash equivalents, beginning of the year 92,733 193,452 183,234
Cash and cash equivalents, end of the year $ 101,352 $ 92,733 $ 193,452
XML 29 R33.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value (Tables)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Fair Value Disclosures [Abstract]    
Fair Value Measurements, Recurring and Nonrecurring
The following tables present fair value measurements:
 
December 31, 2019
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
85,889

 
$
—

 
$
—

 
$
—

 
$
—

 
$
85,889

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
$
87,408

 
$
—

 
$
—

 
$
—

 
$
—

 
$
87,408

Company-sponsored funds
132

 
—

 
—

 
—

 
—

 
132

Limited partnership interests
1,048

 
—

 
—

 
337

 
—

 
1,385

Preferred securities
704

 
108

 
—

 
—

 
—

 
812

Other
—

 
—

 
—

 
135

 
—

 
135

Total
$
89,292

 
$
108

 
$
—

 
$
472

 
$
—

 
$
89,872

Trading investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Total
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Equity method investments
$
—

 
$
—

 
$
—

 
$
554

 
$
—

 
$
554

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
89,292

 
$
15,088

 
$
—

 
$
1,026

 
$
49,807

 
$
155,213

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
570

 
$
—

 
$
—

 
$
—

 
$
—

 
$
570

Foreign exchange contracts
—

 
74

 
—

 
—

 
—

 
74

Total
$
570

 
$
74

 
$
—

 
$
—

 
$
—

 
$
644

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
339

 
$
—

 
$
—

 
$
—

 
$
—

 
$
339

Commodity swap contracts
—

 
173

 
—

 
—

 
—

 
173

Foreign exchange contracts
—

 
44

 
—

 
—

 
—

 
44

Total
$
339

 
$
217

 
$
—

 
$
—

 
$
—

 
$
556
 
December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
78,147

 
$
—

 
$
—

 
$
—

 
$
—

 
$
78,147

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
21,982

 
$
—

 
$
—

 
$
—

 
$
—

 
$
21,982

Company-sponsored funds
9,456

 
—

 
—

 
—

 
—

 
9,456

Limited partnership interests
1,056

 
—

 
—

 
550

 
—

 
1,606

Preferred securities
30,448

 
3,193

 
—

 
—

 
—

 
33,641

Other
—

 
—

 
—

 
110

 
—

 
110

Total
$
62,942

 
$
3,193

 
$
—

 
$
660

 
$
—

 
$
66,795

Trading investments


 


 


 
 
 
 
 


Fixed income
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Total
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 


Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Equity method investments
$
—

 
$
—

 
$
—

 
$
26

 
$
—

 
$
26

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
62,942

 
$
111,556

 
$
—

 
$
686

 
$
49,748

 
$
224,932

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
486

 
$
—

 
$
—

 
$
—

 
$
—

 
$
486

Commodity swap contracts
—

 
739

 
—

 
—

 
—

 
739

Total
$
486

 
$
739

 
$
—

 
$
—

 
$
—

 
$
1,225

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
2,181

 
$
—

 
$
—

 
$
—

 
$
—

 
$
2,181

Foreign exchange contracts
—

 
205

 
—

 
—

 
—

 
205

Total
$
2,181

 
$
205

 
$
—

 
$
—

 
$
—

 
$
2,386
Fair Value, Valuation Technique, Unobservable Inputs
The following table summarizes the changes in level 3 limited partnership interests in trading investments measured at fair value on a recurring basis:
 
Trading Investments
 
Limited Partnership Interests
 
2019
 
2018
Balance at beginning of year
$
—

 
$
605

Purchases / contributions
—

 
—

Sales / distributions
—

 
(598
)
Realized gains (losses)
—

 
(68
)
Unrealized gains (losses)
—

 
61

Transfers into (out of) level 3
—

 
—

Balance at end of year
$
—

 
$
—

 
  
XML 30 R37.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table sets forth activity relating to the Company’s RSUs under the SIP (share data in thousands):
 
Vested Restricted Stock Unit Grants
 
Unvested Restricted Stock Unit Grants
 
Incentive Bonus Plans Restricted Stock Unit Grants
(in thousands, except per share data)
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
Balance at January 1, 2017
34

 
$
37.15

 
307

 
$
33.62

 
1,399

 
$
34.22

Granted
16

 
38.14

 
151

 
35.45

 
714

 
35.36

Delivered
(8
)
 
40.03

 
(140
)
 
34.41

 
(523
)
 
34.80

Forfeited
—

 
—

 
—

 
—

 
(40
)
 
33.87

Balance at December 31, 2017
42

 
36.98

 
318

 
34.14

 
1,550

 
34.60

Granted
15

 
38.29

 
134

 
39.02

 
757

 
39.42

Delivered
(12
)
 
34.95

 
(146
)
 
35.13

 
(539
)
 
34.94

Forfeited
—

 
—

 
—

 
—

 
(23
)
 
37.16

Balance at December 31, 2018
45

 
37.93

 
306

 
35.80

 
1,745

 
36.55

Granted
22

 
50.29

 
132

 
40.97

 
763

 
39.92

Delivered
(13
)
 
37.61

 
(131
)
 
35.46

 
(601
)
 
36.30

Forfeited
—

 
—

 
(5
)
 
38.15

 
(33
)
 
38.31

Balance at December 31, 2019
54

 
44.06

 
302

 
38.78

 
1,874

 
38.38

 
XML 31 cns-10kx123119_htm.xml IDEA: XBRL DOCUMENT 0001284812 2019-01-01 2019-12-31 0001284812 2019-06-30 0001284812 2020-02-18 0001284812 2019-12-31 0001284812 2018-12-31 0001284812 cns:GLISICAVGRPCIPSICAVGREandSICAVRAPMember 2019-12-31 0001284812 cns:GLISICAVGRPCIPSICAVPreferredandSICAVRAPMember 2018-12-31 0001284812 2018-01-01 2018-12-31 0001284812 us-gaap:InvestmentAdviceMember 2018-01-01 2018-12-31 0001284812 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceMember 2019-01-01 2019-12-31 0001284812 us-gaap:InvestmentAdviceMember 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2017-01-01 2017-12-31 0001284812 us-gaap:FinancialServiceMember 2018-01-01 2018-12-31 0001284812 us-gaap:FinancialServiceMember 2017-01-01 2017-12-31 0001284812 us-gaap:InvestmentAdviceMember 2019-01-01 2019-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2019-01-01 2019-12-31 0001284812 us-gaap:FinancialServiceOtherMember 2018-01-01 2018-12-31 0001284812 us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001284812 us-gaap:ParentMember 2017-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-12-31 0001284812 us-gaap:ParentMember 2019-01-01 2019-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2017-01-01 2017-12-31 0001284812 us-gaap:ParentMember 2016-12-31 0001284812 us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:ParentMember 2017-01-01 2017-12-31 0001284812 us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-12-31 0001284812 us-gaap:TreasuryStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-12-31 0001284812 us-gaap:TreasuryStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2019-01-01 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2017-01-01 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-01-01 2017-12-31 0001284812 us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:ParentMember 2018-01-01 2018-12-31 0001284812 us-gaap:RetainedEarningsMember 2019-12-31 0001284812 us-gaap:RetainedEarningsMember 2018-01-01 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2019-12-31 0001284812 us-gaap:TreasuryStockMember 2019-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2017-01-01 2017-12-31 0001284812 us-gaap:RetainedEarningsMember 2016-12-31 0001284812 us-gaap:TreasuryStockMember 2018-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001284812 us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:ParentMember 2018-12-31 0001284812 us-gaap:RetainedEarningsMember 2018-12-31 0001284812 us-gaap:NoncontrollingInterestMember 2016-12-31 0001284812 us-gaap:ParentMember 2019-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2016-12-31 0001284812 us-gaap:RetainedEarningsMember 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2017-12-31 0001284812 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001284812 us-gaap:TreasuryStockMember 2016-12-31 0001284812 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001284812 2017-12-31 0001284812 2016-12-31 0001284812 cns:CohenSteersFundsICAVMember 2018-01-01 2018-12-31 0001284812 cns:TheCohenSteersPreferredSecuritiesandIncomeSMASharesMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalPreferredSecuritiesFundMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalRealEstateFundMember 2019-01-01 2019-12-31 0001284812 2019-01-01 0001284812 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2019-12-31 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001284812 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2017-01-01 2017-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2018-01-01 2018-12-31 0001284812 cns:InstitutionalAccountsMember 2019-01-01 2019-12-31 0001284812 cns:InstitutionalAccountsMember 2017-01-01 2017-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2019-01-01 2019-12-31 0001284812 cns:InstitutionalAccountsMember 2018-01-01 2018-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2019-01-01 2019-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2018-01-01 2018-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2019-01-01 2019-12-31 0001284812 cns:OpenEndInvestmentFundsMember 2017-01-01 2017-12-31 0001284812 cns:ClosedEndInvestmentFundsMember 2017-01-01 2017-12-31 0001284812 cns:PortfolioConsultingAndOtherRevenueMember 2018-01-01 2018-12-31 0001284812 country:JP 2018-01-01 2018-12-31 0001284812 srt:EuropeMember 2017-01-01 2017-12-31 0001284812 cns:AsiaExcludingJapanMember 2018-01-01 2018-12-31 0001284812 cns:AsiaExcludingJapanMember 2017-01-01 2017-12-31 0001284812 srt:NorthAmericaMember 2019-01-01 2019-12-31 0001284812 cns:AsiaExcludingJapanMember 2019-01-01 2019-12-31 0001284812 country:JP 2019-01-01 2019-12-31 0001284812 srt:EuropeMember 2019-01-01 2019-12-31 0001284812 country:JP 2017-01-01 2017-12-31 0001284812 srt:EuropeMember 2018-01-01 2018-12-31 0001284812 srt:NorthAmericaMember 2018-01-01 2018-12-31 0001284812 srt:NorthAmericaMember 2017-01-01 2017-12-31 0001284812 cns:TheCohenSteersSICAVGlobalListedInfrastructureFundMember 2018-12-31 0001284812 cns:CohenSteersSICAVGlobalPreferredSecuritiesFundMember 2018-12-31 0001284812 cns:CohenSteersSICAVDiversifiedRealAssetsFundMember 2018-12-31 0001284812 cns:CohenSteersCoInvestmentPartnershipMember 2018-12-31 0001284812 cns:CohenSteersCoInvestmentPartnershipMember 2019-12-31 0001284812 cns:TheCohenSteersSICAVGlobalListedInfrastructureFundMember 2019-12-31 0001284812 cns:CohenSteersSICAVGlobalRealEstateFundMember 2019-12-31 0001284812 cns:CohenSteersSICAVDiversifiedRealAssetsFundMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember us-gaap:HeldtomaturitySecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:HeldtomaturitySecuritiesMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2019-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2019-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2019-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2019-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001284812 us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:HeldtomaturitySecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember us-gaap:HeldtomaturitySecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:EquityMethodInvestmentsMember 2018-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember cns:CompanySponsoredFundsMember 2018-12-31 0001284812 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember us-gaap:FairValueMeasurementsRecurringMember us-gaap:OtherInvestmentsMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001284812 us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:PreferredStockMember 2018-12-31 0001284812 cns:CommoditySwapContractMember us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2018-01-01 2018-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-01-01 2019-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2017-12-31 0001284812 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember srt:PartnershipInterestMember 2019-12-31 0001284812 cns:TheCohenSteersGlobalRealtyFocusFundaseriesofCohenSteersSeriesLPGRFMember 2019-12-31 0001284812 cns:TheCohenSteersGlobalRealtyPartnersIIITEL.P.Member 2019-12-31 0001284812 us-gaap:CommodityContractMember 2019-01-01 2019-12-31 0001284812 cns:CommoditySwapContractMember 2018-01-01 2018-12-31 0001284812 cns:CommoditySwapContractMember 2019-01-01 2019-12-31 0001284812 cns:CommoditySwapContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2018-01-01 2018-12-31 0001284812 us-gaap:CommodityContractMember 2018-01-01 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2019-01-01 2019-12-31 0001284812 us-gaap:CommodityContractMember 2017-01-01 2017-12-31 0001284812 us-gaap:InvestmentsMember 2018-12-31 0001284812 us-gaap:InvestmentsMember 2019-12-31 0001284812 cns:DueFromBrokerMember 2018-12-31 0001284812 us-gaap:CommodityContractMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2018-12-31 0001284812 cns:CommoditySwapContractMember 2018-12-31 0001284812 us-gaap:ForeignExchangeContractMember 2019-12-31 0001284812 cns:CommoditySwapContractMember 2019-12-31 0001284812 us-gaap:CommodityContractMember 2019-12-31 0001284812 srt:MinimumMember 2019-01-01 2019-12-31 0001284812 srt:MaximumMember 2019-01-01 2019-12-31 0001284812 us-gaap:EquipmentMember 2019-12-31 0001284812 us-gaap:ComputerSoftwareIntangibleAssetMember 2018-12-31 0001284812 us-gaap:LeaseholdImprovementsMember 2019-12-31 0001284812 us-gaap:LeaseholdImprovementsMember 2018-12-31 0001284812 us-gaap:FurnitureAndFixturesMember 2018-12-31 0001284812 us-gaap:EquipmentMember 2018-12-31 0001284812 us-gaap:FurnitureAndFixturesMember 2019-12-31 0001284812 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2016-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 cns:IncentiveBonusPlansForEmployeesMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:MandatoryPlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 cns:VestedRestrictedStockUnitsRsusMember cns:StockIncentivePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2017-01-01 2017-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2019-01-01 2019-12-31 0001284812 us-gaap:RestrictedStockUnitsRSUMember cns:EmployeeStockPurchasePlanMember us-gaap:CommonStockMember 2018-01-01 2018-12-31 0001284812 cns:ProfitSharingPlanMember 2019-12-31 0001284812 cns:ProfitSharingPlanMember 2018-01-01 2018-12-31 0001284812 cns:ProfitSharingPlanMember 2017-01-01 2017-12-31 0001284812 cns:ProfitSharingPlanMember 2019-01-01 2019-12-31 0001284812 srt:AffiliatedEntityMember 2018-01-01 2018-12-31 0001284812 srt:AffiliatedEntityMember 2019-01-01 2019-12-31 0001284812 srt:AffiliatedEntityMember 2017-01-01 2017-12-31 0001284812 srt:AffiliatedEntityMember 2019-12-31 0001284812 srt:AffiliatedEntityMember 2018-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesAsiaMember 2019-12-31 0001284812 cns:SecuritiesRegisteredDomesticallyMember 2019-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesUKMember 2019-12-31 0001284812 cns:SecuritiesRegulatedByForeignEntitiesJapanMemberDomain 2019-12-31 0001284812 cns:CommitmenttoinvestMember 2019-12-31 0001284812 us-gaap:CommitmentsMember 2019-01-01 2019-12-31 0001284812 cns:FundManagementContractsMemberMember 2018-12-31 0001284812 us-gaap:CustomerRelationshipsMember 2018-12-31 0001284812 cns:FundManagementContractsMemberMember 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealEstateSecuritiesFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member us-gaap:DistributionAndShareholderServiceMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2018-01-01 2018-12-31 0001284812 cns:CohenSteersPreferredSecuritiesandIncomeFundInc.Member cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 cns:CohenSteersRealtySharesIncMember cns:InvestmentAdvisoryAndAdministrationFeesMember us-gaap:CustomerConcentrationRiskMember 2017-01-01 2017-12-31 0001284812 cns:OneInstitutionalSeperateAccountRelationshipMember us-gaap:CustomerConcentrationRiskMember 2019-01-01 2019-12-31 0001284812 2019-01-01 2019-03-31 0001284812 2018-04-01 2018-06-30 0001284812 2018-07-01 2018-09-30 0001284812 2018-10-01 2018-12-31 0001284812 2019-07-01 2019-09-30 0001284812 2018-01-01 2018-03-31 0001284812 2019-10-01 2019-12-31 0001284812 2019-04-01 2019-06-30 0001284812 us-gaap:DividendDeclaredMember us-gaap:SubsequentEventMember 2020-02-20 2020-02-20 shares cns:new_funds_seeded iso4217:USD iso4217:USD shares pure false --12-31 FY 2019 0001284812 0 0 0 2.12 3.82 3.44 0.01 0.01 500000000 500000000 51818186 52580246 5050285 5329820 10-K true 2019-12-31 false 001-32236 COHEN & STEERS, INC. DE 14-1904657 280 Park Avenue New York NY 10017 212 832-3232 Common Stock, $.01 par value CNS NYSE Yes No Yes Yes Large Accelerated Filer false false false 1200000000 47756099 101352000 92733000 155213000 224932000 59101000 50381000 1743000 14240000 12486000 14106000 38440000 48488000 19560000 19751000 7091000 7200000 7433000 9208000 402419000 481039000 48105000 43685000 7318000 8493000 43349000 54304000 22194000 18663000 366000 5121000 13972000 13935000 135304000 144201000 53412000 114192000 527000 518000 636788000 602272000 -242461000 -208404000 -6326000 -7323000 174825000 164417000 213703000 222646000 402419000 481039000 378578000 349870000 344900000 30048000 29090000 30747000 2204000 2151000 3049000 410830000 381111000 378696000 143431000 131292000 124076000 55237000 50043000 53338000 47632000 48265000 42219000 4396000 4473000 4317000 250696000 234073000 223950000 160134000 147038000 154746000 6716000 10426000 4333000 21673000 -14264000 2020000 -974000 579000 -699000 27415000 -3259000 5654000 187549000 143779000 160400000 40565000 34257000 67914000 146984000 109522000 92486000 12363000 -4374000 547000 134621000 113896000 91939000 2.85 2.43 1.98 2.79 2.40 1.96 47273000 46794000 46353000 48297000 47381000 46979000 146984000 109522000 92486000 12363000 -4374000 547000 134621000 113896000 91939000 997000 -2557000 2064000 0 0 497000 0 0 347000 997000 -2557000 2214000 135618000 111339000 94153000 504000 543829000 -127957000 -5885000 -144677000 265814000 853000 45890000 0 0 101669000 0 0 101669000 7000 741000 0 0 0 748000 0 690000 0 0 0 0 9141000 9141000 0 265000 0 3974000 0 0 0 3974000 0 0 22042000 -285000 0 0 21757000 0 0 100000 0 0 0 100000 0 0 0 91939000 0 0 91939000 547000 0 0 0 2214000 0 2214000 0 0 0 0 0 0 0 46395000 511000 570486000 -137972000 -3671000 -153818000 275536000 47795000 46315000 1095000 -1095000 0 0 185423000 0 0 185423000 7000 696000 0 0 0 703000 0 714000 0 0 0 0 10599000 10599000 0 261000 0 7170000 0 0 0 7170000 0 0 23984000 0 0 0 23984000 0 0 64000 0 0 0 64000 0 0 0 113896000 0 0 113896000 -4374000 0 0 0 -2557000 0 -2557000 0 0 0 0 0 0 0 70771000 518000 602272000 -208404000 -7323000 -164417000 222646000 114192000 46768000 0 0 168678000 0 0 168678000 9000 861000 0 0 0 870000 0 762000 0 0 0 0 10408000 10408000 0 280000 0 7039000 0 0 0 7039000 0 0 26883000 0 0 0 26883000 0 0 267000 0 0 0 267000 0 0 0 134621000 0 0 134621000 12363000 0 0 0 997000 0 997000 0 0 0 0 0 0 0 2242000 0 0 0 0 0 0 75385000 527000 636788000 -242461000 -6326000 -174825000 213703000 53412000 47250000 146984000 109522000 92486000 27811000 24626000 22360000 1079000 1559000 2800000 4396000 4473000 4317000 10048000 9364000 7572000 493000 246000 0 21673000 -14264000 2020000 96000 -1373000 -314000 -9000 -211000 -47000 8729000 -3262000 7613000 -989000 7811000 4850000 1628000 982000 1894000 13997000 81182000 60252000 120000 2689000 576000 4420000 2341000 6064000 -1175000 2262000 -221000 -10955000 -9542000 -7807000 45000 1839000 3282000 3531000 -1229000 10517000 807000 3929000 355000 141445000 72598000 64253000 52000 37000 41000 50943000 63557000 16901000 89592000 13796000 25811000 2752000 3470000 3242000 35949000 -53194000 5709000 741000 597000 636000 10408000 10599000 9141000 162705000 178879000 98313000 43483000 10862000 263000 45725000 81633000 46658000 -170130000 -118110000 -60423000 7264000 -98706000 9539000 1355000 -2013000 679000 92733000 193452000 183234000 101352000 92733000 193452000 -37036000 -36795000 -57726000 5973000 6544000 3356000 7181000 114192000 45988000 6411000 Basis of Presentation<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. CNS is the holding company for its direct and indirect subsidiaries, including Cohen &amp; Steers Capital Management, Inc. (CSCM), Cohen &amp; Steers Securities, LLC (CSS), Cohen &amp; Steers Asia Limited (CSAL), Cohen &amp; Steers UK Limited (CSUK), Cohen &amp; Steers Japan Limited (CSJL) and Cohen &amp; Steers Ireland Ltd. (CSIL) (collectively, the Company).</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is a global investment manager specializing in real assets and alternative income. Our specialties include real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the Company is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements set forth herein include the accounts of CNS and its direct and indirect subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.</span></div> Summary of Significant Accounting Policies<div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Adopted Accounting Pronouncements</span><span style="font-family:inherit;font-size:10pt;">—In February 2018, the Financial Accounting Standards Board (FASB) issued new guidance allowing entities to reclassify certain tax effects related to the enactment of the Tax Cuts and Jobs Act (the Tax Act) from accumulated other comprehensive income (AOCI) to retained earnings. Prior to the issuance of the new guidance, a portion of the previously recognized deferred tax effects recorded in AOCI was "left stranded" in AOCI as the effect of remeasuring the deferred taxes using the reduced federal corporate income tax rate was required to be recorded through income. The new guidance allows these stranded tax effects to be reclassified from AOCI to retained earnings. The new guidance became effective on January 1, 2019 and the Company adopted the standard using the prospective application. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued new guidance amending the accounting for hedging activities. The new guidance (i) expands hedge accounting for nonfinancial and financial risk components and amends measurement methodologies to more closely align hedge accounting with an entity's risk management activities, (ii) decreases the complexity of preparing and understanding hedge results through eliminating the separate measurement and reporting of hedge ineffectiveness, (iii) enhances transparency, comparability and understandability of hedge results through enhanced disclosures and changing the presentation of hedge results to align the effects of the hedging instrument and the hedged item and (iv) reduces the cost and complexity of applying hedge accounting by simplifying the manner in which assessments of hedge effectiveness may be performed. The new guidance became effective on January 1, 2019. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued guidance introducing a new lease model which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new guidance establishes a right-of-use (ROU) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. This new guidance became effective on January 1, 2019 and the Company adopted the standard, along with certain allowable practical expedients, using the modified retrospective transition approach, which required the recasting of prior period amounts.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:46%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Previously Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Adjustments</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Due to New Leasing Standard to record ROU assets and lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Reclassification of Deferred Rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Recast</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,488</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The adoption of the new standard had no material impact on the Company's other consolidated financial statements. Refer to Note 12 for further discussion.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Estimates</span><span style="font-family:inherit;font-size:10pt;">—The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications—</span><span style="font-family:inherit;font-size:10pt;">The Company reclassified certain prior period amounts in the consolidated financial statements to conform with the current period presentation.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation of Company-sponsored Funds</span><span style="font-family:inherit;font-size:10pt;">—Investments in Company-sponsored funds and management fees are evaluated at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the Variable Interest Entity (VIE) model or the Voting Interest Entity (VOE) model. In performing this analysis, all of the Company’s management fees are presumed to be commensurate and at market and are therefore not considered variable interests.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A VIE is an entity in which either (i) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (ii) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has (i) the power to direct the activities of the VIE that most significantly affect its performance, and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. Investments and redemptions or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. The Company assesses whether it is the primary beneficiary of any VIEs identified by evaluating its economic interests in the entity held either directly by the Company and its affiliates or indirectly through employees. VIEs for which the Company is deemed to be the primary beneficiary are consolidated. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in Company-sponsored funds that are determined to be VOEs are consolidated when the Company’s ownership interest is greater than 50% of the outstanding voting interests of the fund or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights in the fund. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company records noncontrolling interests in consolidated funds for which the Company’s ownership is less than 100%.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents</span><span style="font-family:inherit;font-size:10pt;">—Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Due from/to Brokers</span><span style="font-family:inherit;font-size:10pt;">—Company-sponsored funds that are consolidated transact with brokers for certain investment activities. The clearing and custody operations for these investment activities are performed pursuant to contractual agreements. The due from/to brokers balance represents cash and cash equivalents balances at brokers/custodians and/or receivables and payables for unsettled securities transactions.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments</span><span style="font-family:inherit;font-size:10pt;">—Management of the Company determines the appropriate classification of its investments at the time of purchase and re-evaluates such determination no less than on a quarterly basis. At December 31, 2019, the Company's investments were comprised of the following:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value, which includes equity securities held within the affiliated funds that the Company consolidates, individual equity securities held directly for the purposes of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments, which represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purposes of establishing performance track records.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments, which represent fixed income securities recorded at amortized cost. The Company periodically reviews held-to-maturity investments for other-than-temporary impairments (OTTI). If the Company believes an OTTI exists, an impairment charge will be recognized in the Company’s consolidated statements of operations.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments, which represent seed investments in affiliated funds in which the Company owns between 20-50% of the outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments. When using the equity method, the Company recognizes its respective share of the affiliated investee fund net income or loss for the period which is recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.</span></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized and unrealized gains and losses on equity investments at fair value, trading investments and equity method investments are recorded in gain (loss) from investments—net in the Company's consolidated statements of operations.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time, the Company, including the affiliated funds consolidated by the Company, enters into derivative contracts to gain exposure to the underlying commodities markets or to hedge market and credit risks of the underlying portfolios, including options, futures and swaps contracts. Gains and losses on derivative contracts are recorded as gain (loss) from investments—net in the Company's consolidated statements of operations. The fair values of these instruments are recorded in other assets or other liabilities and accrued expenses on the Company's consolidated statements of financial condition. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, none of the outstanding derivative contracts were subject to a master netting agreement or other similar arrangement.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Additionally, from time to time, the Company, including the affiliated funds consolidated by the Company, enters into foreign exchange contracts to hedge its currency exposure. These instruments are measured at fair value based on the prevailing forward exchange rate with gains and losses recorded in foreign currency gain (loss)—net in the Company’s consolidated statements of operations. The fair values of these contracts are recorded in other assets or other liabilities and accrued expenses on the Company’s consolidated statements of financial condition.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</span><span style="font-family:inherit;font-size:10pt;">—The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and operating lease liabilities on the Company’s consolidated statements of financial condition. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the net present value of lease payments over the lease term. The majority of the Company’s lease agreements do not provide an implicit rate. As a result, the Company used an implied incremental borrowing rate based on the information available at lease commencement dates in determining the present value of lease payments. The Company estimates the incremental borrowing rate based on its estimated credit rating and other available market information. The operating lease ROU asset reflects any upfront lease payments made as well as lease incentives received. The lease terms may include options to extend or terminate the lease and these are factored into the determination of the ROU asset and lease liability at lease inception when and if it is reasonably certain that the Company will exercise that option. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has certain lease agreements with non-lease components such as maintenance and executory costs, which are accounted for separately and not included in ROU assets.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Goodwill and Intangible Assets</span><span style="font-family:inherit;font-size:10pt;">—Goodwill represents the excess of the cost of the Company’s investment in the net assets of an acquired company over the fair value of the underlying identifiable net assets at the date of acquisition. Goodwill and indefinite-lived intangible assets are not amortized but are tested at least annually for impairment by comparing the fair value to their carrying amounts.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable Noncontrolling Interests</span><span style="font-family:inherit;font-size:10pt;">—Redeemable noncontrolling interests represent third-party interests in the affiliated funds that the Company consolidates. These interests are redeemable at the option of the investors and therefore are not treated as permanent equity. Redeemable noncontrolling interest is remeasured at redemption value which approximates the fair value at each reporting period.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investment Advisory and Administration Fees</span><span style="font-family:inherit;font-size:10pt;">—The Company earns revenue by providing asset management services to institutional accounts, Company-sponsored open-end and closed-end funds as well as model-based portfolios. Investment advisory fees are earned pursuant to the terms of investment management agreements and are based on a contractual fee rate applied to the average assets in the portfolio. The Company also earns administration fees from certain Company-sponsored open-end and closed-end funds pursuant to the terms of underlying administration contracts. Administration fees are based on the average assets under management of such funds. Investment advisory and administration fee revenue is recognized when earned and is recorded net of any fund reimbursements. The investment advisory and administration contracts each include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Additionally, investment advisory and administration fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In certain instances, the Company may earn performance fees when certain specified performance hurdles are met during the performance period. Performance fees represent variable consideration and are recognized when no longer subject to significant risk of reversal.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Distribution and Service Fee Revenue</span><span style="font-family:inherit;font-size:10pt;">—Distribution and service fee revenue is based on the average daily net assets of certain share classes of the Company’s sponsored open-end funds distributed by CSS. Distribution and service fee revenue is earned daily and is generally recorded gross of any third-party distribution and service fee expense for applicable share classes.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution fee agreements include a single performance obligation that is satisfied at a point in time when an investor purchases shares in a Company-sponsored open-end fund. Distribution fees represent variable consideration, as fees are based on average assets under management which fluctuate daily. For all periods presented, a portion of the distribution fee revenue recognized in the period may relate to performance obligations satisfied (or partially satisfied) in prior periods. Service fee agreements include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Service fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Distribution and Service Fee Expense</span><span style="font-family:inherit;font-size:10pt;">—Distribution and service fee expense includes distribution fees, shareholder servicing fees and intermediary assistance payments. Distribution and service fee expense is recorded on an accrual basis.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution fees represent payments made to qualified intermediaries for (i) assistance in connection with the distribution of the Company’s sponsored open-end funds’ shares and (ii) for other expenses such as advertising, printing and distribution of prospectuses to investors. Such amounts may also be used to pay financial intermediaries for services as specified in the terms of written agreements complying with Rule 12b-1 of the Investment Company Act of 1940 (Rule 12b-1). Distribution fees are based on the average daily net assets under management of certain share classes of certain of the funds. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Shareholder servicing fees represent payments made to qualified intermediaries for shareholder account service and maintenance. These services are provided pursuant to written agreements with such qualified institutions. Shareholder servicing fees are generally based on the average assets under management or the number of accounts being serviced. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intermediary assistance payments represent payments to qualified intermediaries for activities related to distribution, shareholder servicing and marketing and support of the Company’s sponsored open-end funds and are incremental to those described above. Intermediary assistance payments are generally based on the average assets under management or the number of accounts being serviced.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock-based Compensation</span><span style="font-family:inherit;font-size:10pt;">—The Company recognizes compensation expense for the grant-date fair value of awards of equity instruments to employees. This expense is recognized over the period during which employees are required to provide service. Forfeitures are recorded as incurred. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</span><span style="font-family:inherit;font-size:10pt;">—The Company records the current and deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years at tax rates that are expected to apply in those years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years at tax rates that are expected to apply in those years. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, on the basis of the technical merits. The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes in the consolidated statements of operations.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Currency Translation and Transactions</span><span style="font-family:inherit;font-size:10pt;">—Assets and liabilities of subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the applicable consolidated statement of financial condition date. Revenue and expenses of such subsidiaries are translated at average exchange rates during the period. The gains or losses resulting from translating non-U.S. dollar functional currency into U.S. dollars are included in the Company’s consolidated statements of comprehensive income. The cumulative translation adjustment was </span><span style="font-family:inherit;font-size:10pt;"><span>$(6,326,000)</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$(7,323,000)</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(4,766,000)</span></span><span style="font-family:inherit;font-size:10pt;"> as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, 2018 and 2017, respectively. Gains or losses resulting from transactions denominated in currencies other than the U.S. dollar held by certain foreign subsidiaries are included in non-operating income (loss) in the consolidated statements of operations. Gains and losses arising on revaluation of U.S. dollar-denominated assets and liabilities held by foreign subsidiaries are also included in non-operating income (loss) in the Company’s consolidated statements of operations.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Comprehensive Income</span><span style="font-family:inherit;font-size:10pt;">—The Company reports all changes in comprehensive income in the consolidated statements of comprehensive income. Comprehensive income generally includes net income or loss attributable to common stockholders and amounts attributable to foreign currency translation gain (loss), net of tax.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements</span><span style="font-family:inherit;font-size:10pt;">—In January 2017, the FASB issued guidance to simplify the goodwill impairment test by removing the requirement to perform a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This new guidance was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued new guidance on the measurement of credit losses on financial instruments. The guidance replaces the incurred loss impairment model with a current expected credit loss (CECL) model. CECL requires a company to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. The guidance must be applied using the modified retrospective adoption method and was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.</span></div> <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Adopted Accounting Pronouncements</span><span style="font-family:inherit;font-size:10pt;">—In February 2018, the Financial Accounting Standards Board (FASB) issued new guidance allowing entities to reclassify certain tax effects related to the enactment of the Tax Cuts and Jobs Act (the Tax Act) from accumulated other comprehensive income (AOCI) to retained earnings. Prior to the issuance of the new guidance, a portion of the previously recognized deferred tax effects recorded in AOCI was "left stranded" in AOCI as the effect of remeasuring the deferred taxes using the reduced federal corporate income tax rate was required to be recorded through income. The new guidance allows these stranded tax effects to be reclassified from AOCI to retained earnings. The new guidance became effective on January 1, 2019 and the Company adopted the standard using the prospective application. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In August 2017, the FASB issued new guidance amending the accounting for hedging activities. The new guidance (i) expands hedge accounting for nonfinancial and financial risk components and amends measurement methodologies to more closely align hedge accounting with an entity's risk management activities, (ii) decreases the complexity of preparing and understanding hedge results through eliminating the separate measurement and reporting of hedge ineffectiveness, (iii) enhances transparency, comparability and understandability of hedge results through enhanced disclosures and changing the presentation of hedge results to align the effects of the hedging instrument and the hedged item and (iv) reduces the cost and complexity of applying hedge accounting by simplifying the manner in which assessments of hedge effectiveness may be performed. The new guidance became effective on January 1, 2019. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued guidance introducing a new lease model which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new guidance establishes a right-of-use (ROU) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. This new guidance became effective on January 1, 2019 and the Company adopted the standard, along with certain allowable practical expedients, using the modified retrospective transition approach, which required the recasting of prior period amounts.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:46%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Previously Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Adjustments</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Due to New Leasing Standard to record ROU assets and lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Reclassification of Deferred Rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Recast</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,488</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The adoption of the new standard had no material impact on the Company's other consolidated financial statements. Refer to Note 12 for further discussion.</span></div> <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:46%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Previously Reported</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Adjustments</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Due to New Leasing Standard to record ROU assets and lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Reclassification of Deferred Rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Recast</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease right-of-use assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,488</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54,304</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred rent</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5,816</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 54304000 5816000 48488000 54304000 54304000 5816000 5816000 <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Accounting Estimates</span><span style="font-family:inherit;font-size:10pt;">—The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications—</span><span style="font-family:inherit;font-size:10pt;">The Company reclassified certain prior period amounts in the consolidated financial statements to conform with the current period presentation.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation of Company-sponsored Funds</span><span style="font-family:inherit;font-size:10pt;">—Investments in Company-sponsored funds and management fees are evaluated at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the Variable Interest Entity (VIE) model or the Voting Interest Entity (VOE) model. In performing this analysis, all of the Company’s management fees are presumed to be commensurate and at market and are therefore not considered variable interests.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A VIE is an entity in which either (i) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (ii) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has (i) the power to direct the activities of the VIE that most significantly affect its performance, and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. Investments and redemptions or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. The Company assesses whether it is the primary beneficiary of any VIEs identified by evaluating its economic interests in the entity held either directly by the Company and its affiliates or indirectly through employees. VIEs for which the Company is deemed to be the primary beneficiary are consolidated. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments in Company-sponsored funds that are determined to be VOEs are consolidated when the Company’s ownership interest is greater than 50% of the outstanding voting interests of the fund or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights in the fund. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company records noncontrolling interests in consolidated funds for which the Company’s ownership is less than 100%.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Cash and Cash Equivalents</span><span style="font-family:inherit;font-size:10pt;">—Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less.</span></div> <span style="font-family:inherit;font-size:10pt;font-style:italic;">Due from/to Brokers</span>— <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investments</span><span style="font-family:inherit;font-size:10pt;">—Management of the Company determines the appropriate classification of its investments at the time of purchase and re-evaluates such determination no less than on a quarterly basis. At December 31, 2019, the Company's investments were comprised of the following:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value, which includes equity securities held within the affiliated funds that the Company consolidates, individual equity securities held directly for the purposes of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments, which represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purposes of establishing performance track records.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments, which represent fixed income securities recorded at amortized cost. The Company periodically reviews held-to-maturity investments for other-than-temporary impairments (OTTI). If the Company believes an OTTI exists, an impairment charge will be recognized in the Company’s consolidated statements of operations.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:60px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments, which represent seed investments in affiliated funds in which the Company owns between 20-50% of the outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments. When using the equity method, the Company recognizes its respective share of the affiliated investee fund net income or loss for the period which is recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.</span></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized and unrealized gains and losses on equity investments at fair value, trading investments and equity method investments are recorded in gain (loss) from investments—net in the Company's consolidated statements of operations.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time, the Company, including the affiliated funds consolidated by the Company, enters into derivative contracts to gain exposure to the underlying commodities markets or to hedge market and credit risks of the underlying portfolios, including options, futures and swaps contracts. Gains and losses on derivative contracts are recorded as gain (loss) from investments—net in the Company's consolidated statements of operations. The fair values of these instruments are recorded in other assets or other liabilities and accrued expenses on the Company's consolidated statements of financial condition. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, none of the outstanding derivative contracts were subject to a master netting agreement or other similar arrangement.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Goodwill and Intangible Assets</span><span style="font-family:inherit;font-size:10pt;">—Goodwill represents the excess of the cost of the Company’s investment in the net assets of an acquired company over the fair value of the underlying identifiable net assets at the date of acquisition. Goodwill and indefinite-lived intangible assets are not amortized but are tested at least annually for impairment by comparing the fair value to their carrying amounts.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Redeemable Noncontrolling Interests</span><span style="font-family:inherit;font-size:10pt;">—Redeemable noncontrolling interests represent third-party interests in the affiliated funds that the Company consolidates. These interests are redeemable at the option of the investors and therefore are not treated as permanent equity. Redeemable noncontrolling interest is remeasured at redemption value which approximates the fair value at each reporting period.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Investment Advisory and Administration Fees</span><span style="font-family:inherit;font-size:10pt;">—The Company earns revenue by providing asset management services to institutional accounts, Company-sponsored open-end and closed-end funds as well as model-based portfolios. Investment advisory fees are earned pursuant to the terms of investment management agreements and are based on a contractual fee rate applied to the average assets in the portfolio. The Company also earns administration fees from certain Company-sponsored open-end and closed-end funds pursuant to the terms of underlying administration contracts. Administration fees are based on the average assets under management of such funds. Investment advisory and administration fee revenue is recognized when earned and is recorded net of any fund reimbursements. The investment advisory and administration contracts each include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Additionally, investment advisory and administration fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Distribution and Service Fee Revenue</span><span style="font-family:inherit;font-size:10pt;">—Distribution and service fee revenue is based on the average daily net assets of certain share classes of the Company’s sponsored open-end funds distributed by CSS. Distribution and service fee revenue is earned daily and is generally recorded gross of any third-party distribution and service fee expense for applicable share classes.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution fee agreements include a single performance obligation that is satisfied at a point in time when an investor purchases shares in a Company-sponsored open-end fund. Distribution fees represent variable consideration, as fees are based on average assets under management which fluctuate daily. For all periods presented, a portion of the distribution fee revenue recognized in the period may relate to performance obligations satisfied (or partially satisfied) in prior periods. Service fee agreements include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Service fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Distribution and Service Fee Expense</span><span style="font-family:inherit;font-size:10pt;">—Distribution and service fee expense includes distribution fees, shareholder servicing fees and intermediary assistance payments. Distribution and service fee expense is recorded on an accrual basis.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution fees represent payments made to qualified intermediaries for (i) assistance in connection with the distribution of the Company’s sponsored open-end funds’ shares and (ii) for other expenses such as advertising, printing and distribution of prospectuses to investors. Such amounts may also be used to pay financial intermediaries for services as specified in the terms of written agreements complying with Rule 12b-1 of the Investment Company Act of 1940 (Rule 12b-1). Distribution fees are based on the average daily net assets under management of certain share classes of certain of the funds. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Shareholder servicing fees represent payments made to qualified intermediaries for shareholder account service and maintenance. These services are provided pursuant to written agreements with such qualified institutions. Shareholder servicing fees are generally based on the average assets under management or the number of accounts being serviced. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Intermediary assistance payments represent payments to qualified intermediaries for activities related to distribution, shareholder servicing and marketing and support of the Company’s sponsored open-end funds and are incremental to those described above. Intermediary assistance payments are generally based on the average assets under management or the number of accounts being serviced.</span></div> <span style="font-family:inherit;font-size:10pt;font-style:italic;">Stock-based Compensation</span>—The Company recognizes compensation expense for the grant-date fair value of awards of equity instruments to employees. This expense is recognized over the period during which employees are required to provide service. Forfeitures are recorded as incurred. <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Income Taxes</span><span style="font-family:inherit;font-size:10pt;">—The Company records the current and deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years at tax rates that are expected to apply in those years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years at tax rates that are expected to apply in those years. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, on the basis of the technical merits. The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes in the consolidated statements of operations.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Currency Translation and Transactions</span><span style="font-family:inherit;font-size:10pt;">—Assets and liabilities of subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the applicable consolidated statement of financial condition date. Revenue and expenses of such subsidiaries are translated at average exchange rates during the period. The gains or losses resulting from translating non-U.S. dollar functional currency into U.S. dollars are included in the Company’s consolidated statements of comprehensive income. The cumulative translation adjustment was </span><span style="font-family:inherit;font-size:10pt;"><span>$(6,326,000)</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$(7,323,000)</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$(4,766,000)</span></span><span style="font-family:inherit;font-size:10pt;"> as of </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, 2018 and 2017, respectively. Gains or losses resulting from transactions denominated in currencies other than the U.S. dollar held by certain foreign subsidiaries are included in non-operating income (loss) in the consolidated statements of operations. Gains and losses arising on revaluation of U.S. dollar-denominated assets and liabilities held by foreign subsidiaries are also included in non-operating income (loss) in the Company’s consolidated statements of operations.</span></div> -6326000 -7323000 -4766000 <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Comprehensive Income</span><span style="font-family:inherit;font-size:10pt;">—The Company reports all changes in comprehensive income in the consolidated statements of comprehensive income. Comprehensive income generally includes net income or loss attributable to common stockholders and amounts attributable to foreign currency translation gain (loss), net of tax.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements</span><span style="font-family:inherit;font-size:10pt;">—In January 2017, the FASB issued guidance to simplify the goodwill impairment test by removing the requirement to perform a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This new guidance was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In June 2016, the FASB issued new guidance on the measurement of credit losses on financial instruments. The guidance replaces the incurred loss impairment model with a current expected credit loss (CECL) model. CECL requires a company to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. The guidance must be applied using the modified retrospective adoption method and was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.</span></div> Revenue<div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Client domicile:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">North America</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>352,629</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>322,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,021</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Japan</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,967</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,283</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,303</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Asia Pacific excluding Japan</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,147</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Europe, Middle East and Africa</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,087</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,371</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,696</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment vehicle:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Open-end funds </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,778</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>197,363</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>193,348</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Closed-end funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>80,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>77,270</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,670</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Institutional accounts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110,346</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,327</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103,629</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,204</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,151</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,696</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Included distribution and service fees of </span><span style="font-family:inherit;font-size:9pt;"><span>$30.0 million</span></span><span style="font-family:inherit;font-size:9pt;">, </span><span style="font-family:inherit;font-size:9pt;"><span>$29.1 million</span></span><span style="font-family:inherit;font-size:9pt;"> and </span><span style="font-family:inherit;font-size:9pt;"><span>$30.7 million</span></span><span style="font-family:inherit;font-size:9pt;"> for the </span><span style="font-family:inherit;font-size:9pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:9pt;">, respectively.</span></div></td></tr></table><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(2)</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to open-end funds and institutional accounts.</span></div> <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Client domicile:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">North America</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>352,629</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>322,964</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>314,021</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Japan</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,967</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,283</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,303</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Asia Pacific excluding Japan</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,147</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,493</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,496</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Europe, Middle East and Africa</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,087</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,371</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,876</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,696</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;padding-top:6px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:65%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Investment vehicle:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Open-end funds </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217,778</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>197,363</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>193,348</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Closed-end funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>80,502</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>77,270</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,670</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Institutional accounts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110,346</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,327</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103,629</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,204</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,151</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,049</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>378,696</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Included distribution and service fees of </span><span style="font-family:inherit;font-size:9pt;"><span>$30.0 million</span></span><span style="font-family:inherit;font-size:9pt;">, </span><span style="font-family:inherit;font-size:9pt;"><span>$29.1 million</span></span><span style="font-family:inherit;font-size:9pt;"> and </span><span style="font-family:inherit;font-size:9pt;"><span>$30.7 million</span></span><span style="font-family:inherit;font-size:9pt;"> for the </span><span style="font-family:inherit;font-size:9pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:9pt;">, respectively.</span></div></td></tr></table><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(2)</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to open-end funds and institutional accounts.</span></div> 352629000 322964000 314021000 33967000 35283000 42303000 13147000 12493000 11496000 11087000 10371000 10876000 410830000 381111000 378696000 217778000 197363000 193348000 80502000 77270000 78670000 110346000 104327000 103629000 2204000 2151000 3049000 410830000 381111000 378696000 30000000.0 29100000 30700000 Investments<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s investments:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,872</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity carried at amortized cost </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>155,213</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,932</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Held-to-maturity investments had a fair value of </span><span style="font-family:inherit;font-size:9pt;"><span>$50.0 million</span></span><span style="font-family:inherit;font-size:9pt;"> and </span><span style="font-family:inherit;font-size:9pt;"><span>$49.8 million</span></span><span style="font-family:inherit;font-size:9pt;"> at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2019</span><span style="font-family:inherit;font-size:9pt;"> and 2018, respectively. Original maturities ranged from 12 to 24 months at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2019</span><span style="font-family:inherit;font-size:9pt;"> and 6 to 24 months at December 31, 2018.</span></div></td></tr></table><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company seeded </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> new funds for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> new fund for the year ended December 31, 2018.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize gain (loss)—net from investments:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realized gains (losses) during the period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net unrealized gains (losses) during the period on investments</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">still held at the end of the period</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,778</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from investments—net</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> (1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,673</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,264</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Included net income (loss) attributable to redeemable noncontrolling interests.</span></div></td></tr></table><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:84%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ended December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from trading investments—net </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,915</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (losses) of affiliates—net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(242</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from available-for-sale investments—net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from investments—net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,020</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Included net income (loss) attributable to redeemable noncontrolling interests.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, the Company's consolidated VIEs included the Cohen &amp; Steers SICAV Global Listed Infrastructure Fund (GLI SICAV), the Cohen &amp; Steers Co-Investment Partnership, L.P. (GRP-CIP), SICAV GRE and the Cohen &amp; Steers SICAV Diversified Real Assets Fund (SICAV RAP). At December 31, 2018, the Company's consolidated VIEs included GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize the consolidated statements of financial condition attributable to the Company's consolidated VIEs:</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:36%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GLI SICAV</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GRP-CIP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV GRE</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV RAP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,048</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,468</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,976</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>82,829</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due from brokers</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>203</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>663</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,743</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>681</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total assets</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,404</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>540</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,857</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,613</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to brokers</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>229</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other liabilities and accrued expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>466</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>213</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>145</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>558</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,150</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:36%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GLI SICAV</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GRP-CIP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV Preferred</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV RAP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,704</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>550</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>120,930</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,929</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>136,113</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due from brokers</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,868</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,187</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,136</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>297</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,604</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total assets</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,924</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>653</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>133,934</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,393</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,904</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to brokers</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,398</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,422</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other liabilities and accrued expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>212</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>440</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,610</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">_________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.</span></div> <div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s investments:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,872</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,795</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity carried at amortized cost </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>155,213</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,932</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Held-to-maturity investments had a fair value of </span><span style="font-family:inherit;font-size:9pt;"><span>$50.0 million</span></span><span style="font-family:inherit;font-size:9pt;"> and </span><span style="font-family:inherit;font-size:9pt;"><span>$49.8 million</span></span><span style="font-family:inherit;font-size:9pt;"> at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2019</span><span style="font-family:inherit;font-size:9pt;"> and 2018, respectively. Original maturities ranged from 12 to 24 months at </span><span style="font-family:inherit;font-size:9pt;">December 31, 2019</span><span style="font-family:inherit;font-size:9pt;"> and 6 to 24 months at December 31, 2018.</span></div></td></tr></table><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company seeded </span><span style="font-family:inherit;font-size:10pt;"><span>two</span></span><span style="font-family:inherit;font-size:10pt;"> new funds for the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>one</span></span><span style="font-family:inherit;font-size:10pt;"> new fund for the year ended December 31, 2018.</span></div> 89872000 66795000 14980000 108363000 49807000 49748000 554000 26000 155213000 224932000 50000000.0 49800000 2 1 <div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize gain (loss)—net from investments:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31, </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net realized gains (losses) during the period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,227</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net unrealized gains (losses) during the period on investments</span></div><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">still held at the end of the period</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,446</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,778</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from investments—net</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> (1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,673</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(14,264</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Included net income (loss) attributable to redeemable noncontrolling interests.</span></div></td></tr></table><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:84%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ended December 31, 2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from trading investments—net </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,915</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity in earnings (losses) of affiliates—net</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(242</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from available-for-sale investments—net</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>347</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gain (loss) from investments—net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,020</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Included net income (loss) attributable to redeemable noncontrolling interests.</span></div> 12227000 -1486000 9446000 -12778000 21673000 -14264000 1915000 -242000 347000 2020000 <div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, the Company's consolidated VIEs included the Cohen &amp; Steers SICAV Global Listed Infrastructure Fund (GLI SICAV), the Cohen &amp; Steers Co-Investment Partnership, L.P. (GRP-CIP), SICAV GRE and the Cohen &amp; Steers SICAV Diversified Real Assets Fund (SICAV RAP). At December 31, 2018, the Company's consolidated VIEs included GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize the consolidated statements of financial condition attributable to the Company's consolidated VIEs:</span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:36%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GLI SICAV</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GRP-CIP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV GRE</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV RAP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,048</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,468</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,976</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>82,829</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due from brokers</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>203</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>663</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>613</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,743</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>681</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>268</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,041</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total assets</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,404</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>540</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,812</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,857</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,613</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to brokers</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>229</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>366</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other liabilities and accrued expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>100</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>466</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>213</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>784</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>145</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>558</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>442</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,150</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:4px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="20"/></tr><tr><td style="width:36%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="19" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GLI SICAV</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">GRP-CIP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV Preferred</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">SICAV RAP</span></div></td><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assets </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,704</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>550</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>120,930</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,929</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>136,113</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due from brokers</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>103</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,868</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>167</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,187</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other assets</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,136</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>297</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,604</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total assets</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,924</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>653</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>133,934</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,393</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,904</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Liabilities </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Due to brokers</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,398</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,422</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other liabilities and accrued expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>212</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>440</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total liabilities</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,610</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,862</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">_________________________</span></div><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.</span></div> 7048000 337000 45468000 29976000 82829000 264000 203000 663000 613000 1743000 92000 0 681000 268000 1041000 7404000 540000 46812000 30857000 85613000 45000 0 92000 229000 366000 100000 5000 466000 213000 784000 145000 5000 558000 442000 1150000 5704000 550000 120930000 8929000 136113000 49000 103000 10868000 167000 11187000 171000 0 2136000 297000 2604000 5924000 653000 133934000 9393000 149904000 0 0 4398000 24000 4422000 74000 5000 212000 149000 440000 74000 5000 4610000 173000 4862000 Fair Value<div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Accounting Standards Codification Topic 820, </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement</span><span style="font-family:inherit;font-size:10pt;"> (ASC 820) specifies a hierarchy of valuation classifications based on whether the inputs to the valuation techniques used in each valuation classification are observable or unobservable. These classifications are summarized in the three broad levels listed below:</span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 1—Unadjusted quoted prices for identical instruments in active markets.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:60px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:36px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Level 3—Valuations derived from valuation techniques in which significant inputs or significant value drivers are unobservable.</span></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Inputs used to measure fair value might fall in different levels of the fair value hierarchy, in which case the Company defaults to the lowest level input that is significant to the fair value measurement in its entirety. These levels are not necessarily an indication of the risk or liquidity associated with the investments. In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables present fair value measurements:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:28%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Measured at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">NAV as FV</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carried at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortized Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stocks</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company-sponsored funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Limited partnership interests</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,048</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,385</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preferred securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>704</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,292</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>472</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,872</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,292</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>155,213</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - assets</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>644</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:28%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Measured at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">NAV as FV</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carried at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortized Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stocks</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,982</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,982</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company-sponsored funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,456</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,456</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Limited partnership interests</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,056</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>550</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,606</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preferred securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,448</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,193</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,942</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,193</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>660</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,795</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,942</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>111,556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>686</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,932</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - assets</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,386</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash equivalents were comprised of investments in actively traded U.S. Treasury money market funds measured at NAV.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value classified as level 2 were comprised of certain preferred securities with predominately equity-like characteristics whose fair values are generally determined using third-party pricing services. The pricing services may utilize pricing models, and inputs into those models may include reported trades, executable bid and ask prices, broker-dealer quotations, prices or yields of similar securities, benchmark curves and other market information. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments classified as level 2 were comprised of U.S. Treasury securities held within consolidated funds carried at amortized cost, which approximates fair value, corporate debt securities, as well as certain preferred securities with predominately debt-like characteristics. The fair value amounts were generally determined using third-party pricing services. The pricing services may utilize evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information. Since these securities do not trade on a daily basis, the pricing services evaluate pricing applications and apply available information through processes such as yield curves, benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments measured at NAV were comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. These investments were comprised of: </span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value - limited partner interests in limited partnership vehicles that invest in non-registered real estate funds and the Company's co-investment in a Cayman trust invested in global listed infrastructure securities, both of which are valued based on the NAVs of the underlying investments. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2018, the Company did not have the ability to redeem the interests in the limited partnership vehicles; there were no contractual restrictions on the Company's ability to redeem its interest in the Cayman trust.</span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:54px;"><span style="font-family:inherit;font-size:10pt;">•</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments - includes the Company's partnership interests in the Cohen &amp; Steers Global Realty Partners III-TE, L.P. (GRP-TE) and the Cohen &amp; Steers Global Realty Focus Fund, a series of Cohen &amp; Steers Series LP (GRF). GRP-TE invests in non-registered real estate funds. The Company's ownership interest was approximately </span><span style="font-family:inherit;font-size:10pt;"><span>0.2%</span></span><span style="font-family:inherit;font-size:10pt;"> and the Company did not have the ability to redeem the investment at either </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> or 2018. GRF was seeded in 2019 and invests in global real estate investment trusts and other publicly traded real estate companies. The Company's ownership interest was approximately </span><span style="font-family:inherit;font-size:10pt;"><span>2.2%</span></span><span style="font-family:inherit;font-size:10pt;"> and the Company had the ability to redeem the investment in GRF with 15 days' notice at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">. The Company's risk with respect to both investments is limited to its equity ownership interest and any uncollected management fees.</span></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments were comprised of U.S. Treasury securities, which were directly issued by the U.S. government, with original maturities of 12 to 24 months at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 6 to 24 months at December 31, 2018. These securities were purchased with the intent to hold to maturity and are recorded at amortized cost.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investments measured at NAV and held-to-maturity investments have not been classified in the fair value hierarchy. The amounts presented in the above tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statement of financial position.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap contracts classified as level 2 were valued based on the underlying futures contracts.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign currency exchange contracts classified as level 2 were valued based on the prevailing forward exchange rate.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the changes in level 3 limited partnership interests in trading investments measured at fair value on a recurring basis:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Trading Investments</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Limited Partnership Interests</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at beginning of year</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Purchases / contributions</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales / distributions</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(598</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized gains (losses)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(68</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized gains (losses)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Transfers into (out of) level 3</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:4pt;"> </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized and unrealized gains (losses) in the above table were recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.</span></div><div style="line-height:120%;padding-top:12px;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Valuation Techniques</span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In certain instances, debt, equity and preferred securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable broker-dealers or independent pricing services. In determining the value of a particular investment, independent pricing services may use information with respect to transactions in such investments, </span></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">broker quotes, pricing matrices, market transactions in comparable investments and various relationships between investments. As part of its independent price verification process, the Company generally performs reviews of valuations provided by broker-dealers or independent pricing services. Investments in Company-sponsored funds are valued at their closing price or NAV (or its equivalent) as a practical expedient.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts are valued based on the prevailing forward exchange rate, which is an input that is observable in active markets.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the absence of observable market prices, the Company values its investments using valuation methodologies applied on a consistent basis. For some investments, little market activity may exist; management's determination of fair value is then based on the best information available in the circumstances, and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Such investments are valued on a quarterly basis, taking into consideration any changes in key inputs and changes in economic and other relevant conditions, and valuation models are updated accordingly. The valuation process also includes a review by the Company's valuation committee which is comprised of senior members from various departments within the Company, including investment management. The valuation committee provides independent oversight of the valuation policies and procedures.</span></div> <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables present fair value measurements:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:28%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Measured at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">NAV as FV</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carried at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortized Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>85,889</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stocks</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>87,408</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company-sponsored funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Limited partnership interests</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,048</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>337</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,385</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preferred securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>704</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>812</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>135</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,292</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>472</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,872</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,980</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>554</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>89,292</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,088</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,026</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,807</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>155,213</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - assets</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>644</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap contracts</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>217</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 85889000 85889000 87408000 87408000 132000 132000 1048000 337000 1385000 704000 108000 812000 135000 135000 89292000 108000 472000 89872000 14980000 14980000 14980000 14980000 49807000 49807000 49807000 49807000 554000 554000 89292000 15088000 1026000 49807000 155213000 570000 570000 74000 74000 570000 74000 644000 339000 339000 173000 173000 44000 44000 339000 217000 556000 <div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="24"/></tr><tr><td style="width:28%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="23" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 1</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 2</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Level 3</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Measured at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">NAV as FV</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Investments </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carried at </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortized Cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash equivalents</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78,147</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity investments at fair value</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:3px double #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Common stocks</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,982</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21,982</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Company-sponsored funds</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,456</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9,456</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Limited partnership interests</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,056</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>550</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,606</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Preferred securities</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,448</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,193</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,641</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>110</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,942</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,193</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>660</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>66,795</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Trading investments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>108,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Held-to-maturity investments</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Fixed income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equity method investments</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total investments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>62,942</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>111,556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>686</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>49,748</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>224,932</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - assets</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Derivatives - liabilities</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,386</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 78147000 78147000 21982000 21982000 9456000 9456000 1056000 550000 1606000 30448000 3193000 33641000 110000 110000 62942000 3193000 660000 66795000 108363000 108363000 108363000 0 108363000 49748000 49748000 49748000 49748000 26000 26000 62942000 111556000 686000 49748000 224932000 486000 486000 739000 739000 486000 739000 1225000 2181000 2181000 205000 205000 2181000 205000 2386000 0.002 0.022 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the changes in level 3 limited partnership interests in trading investments measured at fair value on a recurring basis:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Trading Investments</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">Limited Partnership Interests</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:7pt;"><span style="font-family:inherit;font-size:7pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at beginning of year</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>605</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Purchases / contributions</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Sales / distributions</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(598</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized gains (losses)</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(68</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrealized gains (losses)</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Transfers into (out of) level 3</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at end of year</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:4pt;"> </span></div> 0 605000 0 0 0 -598000 0 -68000 0 61000 0 0 0 0 <div style="line-height:120%;padding-top:12px;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Valuation Techniques</span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In certain instances, debt, equity and preferred securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable broker-dealers or independent pricing services. In determining the value of a particular investment, independent pricing services may use information with respect to transactions in such investments, </span></div><div style="line-height:120%;padding-top:6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">broker quotes, pricing matrices, market transactions in comparable investments and various relationships between investments. As part of its independent price verification process, the Company generally performs reviews of valuations provided by broker-dealers or independent pricing services. Investments in Company-sponsored funds are valued at their closing price or NAV (or its equivalent) as a practical expedient.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange contracts are valued based on the prevailing forward exchange rate, which is an input that is observable in active markets.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the absence of observable market prices, the Company values its investments using valuation methodologies applied on a consistent basis. For some investments, little market activity may exist; management's determination of fair value is then based on the best information available in the circumstances, and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Such investments are valued on a quarterly basis, taking into consideration any changes in key inputs and changes in economic and other relevant conditions, and valuation models are updated accordingly. The valuation process also includes a review by the Company's valuation committee which is comprised of senior members from various departments within the Company, including investment management. The valuation committee provides independent oversight of the valuation policies and procedures.</span></div> Derivatives<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize the notional amount and fair value of the derivative financial instruments that are not designated in a formal hedging relationship. </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.60317460317461%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value </span><span style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Long</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Short</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,394</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,623</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,909</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,319</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>644</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value </span><span style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Long</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Short</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,434</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,761</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,996</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,361</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,191</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,386</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    The fair value of the derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the</span></div><div style="line-height:120%;padding-left:24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Company's consolidated statements of financial condition.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company's exposure to commodity futures is based on seed capital investments. Commodity swap contracts are utilized to economically hedge and reduce the overall risk of the Company's market exposure to these investments. The Company enters into foreign exchange contacts to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees. </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash included in due from brokers of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$2,002,000</span></span><span style="font-family:inherit;font-size:10pt;"> on the consolidated statement of financial condition at December 31, 2018 was held as collateral for futures contracts. Investments of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$1,713,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$1,807,000</span></span><span style="font-family:inherit;font-size:10pt;"> on the consolidated statement of financial condition at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2018, respectively, were held as collateral for futures contracts.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes net gains (losses) from derivative financial instruments:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>881</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,093</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(438</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(485</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>235</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(141</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,481</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> (1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>631</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,495</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,919</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Gains and losses on the derivative financial instruments are recorded as gain (loss) from investments—net in the Company's</span></div><div style="line-height:120%;text-indent:24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">consolidated statements of operations.</span></div> <div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following tables summarize the notional amount and fair value of the derivative financial instruments that are not designated in a formal hedging relationship. </span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.60317460317461%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2019</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value </span><span style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Long</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Short</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,394</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,623</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>570</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>339</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,909</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>173</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,787</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>74</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,394</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>24,319</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>644</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>556</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:49%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December 31, 2018</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Notional Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value </span><span style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Long</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Short</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liabilities</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,361</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,434</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,181</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,761</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,996</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>205</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,361</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23,191</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,225</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,386</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    The fair value of the derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the</span></div><div style="line-height:120%;padding-left:24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Company's consolidated statements of financial condition.</span></div> 14394000 4623000 570000 339000 0 8909000 0 173000 0 10787000 74000 44000 14394000 24319000 644000 556000 19361000 3434000 486000 2181000 0 8761000 739000 0 0 10996000 0 205000 19361000 23191000 1225000 2386000 2002000 1713000 1807000 <div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes net gains (losses) from derivative financial instruments:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity futures</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>881</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,093</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(438</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Commodity swap</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(485</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>739</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign exchange</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>235</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(141</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,481</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt"> (1)</sup></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>631</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,495</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,919</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">________________________</span></div><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Gains and losses on the derivative financial instruments are recorded as gain (loss) from investments—net in the Company's</span></div><div style="line-height:120%;text-indent:24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">consolidated statements of operations.</span></div> 881000 -2093000 -438000 -485000 739000 0 235000 -141000 -1481000 631000 -1495000 -1919000 Property and Equipment <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s property and equipment: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equipment</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,951</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,590</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and fixtures</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,651</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,644</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Software</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,988</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,591</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,048</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,028</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Subtotal</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,638</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,853</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: Accumulated depreciation and amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33,152</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(28,747</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,486</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,106</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Depreciation and amortization expense related to property and equipment was </span><span style="font-family:inherit;font-size:10pt;"><span>$4,396,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$4,378,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$4,229,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Depreciation and amortization expense related to property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets which range from </span><span style="font-family:inherit;font-size:10pt;"><span>3</span></span><span style="font-family:inherit;font-size:10pt;">-</span><span style="font-family:inherit;font-size:10pt;"><span>7</span></span><span style="font-family:inherit;font-size:10pt;"> years. Leasehold improvements are amortized using the straight-line method over the lease term.</span></div> <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s property and equipment: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Equipment</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,951</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,590</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Furniture and fixtures</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,651</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,644</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Software</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,988</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17,591</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Leasehold improvements</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,048</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,028</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Subtotal</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,638</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42,853</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: Accumulated depreciation and amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33,152</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(28,747</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Property and equipment, net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,486</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,106</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div> 5951000 5590000 3651000 3644000 19988000 17591000 16048000 16028000 45638000 42853000 33152000 28747000 12486000 14106000 4396000 4378000 4229000 P3Y P7Y Earnings Per Share<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income attributable to common stockholders by the total weighted average shares of common stock outstanding and common stock equivalents. Common stock equivalents are comprised of dilutive potential shares from restricted stock unit awards and are excluded from the computation if their effect is anti-dilutive.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">There were no anti-dilutive common stock equivalents for either the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, 2018 or 2017.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table reconciles income and share data used in the basic and diluted earnings per share computations:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>146,984</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,522</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92,486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: Net (income) loss attributable to redeemable noncontrolling interests</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,374</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(547</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,621</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,896</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,939</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic weighted average shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,273</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,794</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,353</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dilutive potential shares from restricted stock units</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>587</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>626</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted weighted average shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,297</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,381</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,979</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic earnings per share attributable to common stockholders</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.85</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.43</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.98</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted earnings per share attributable to common stockholders</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.40</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.96</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table reconciles income and share data used in the basic and diluted earnings per share computations:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>146,984</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,522</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>92,486</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: Net (income) loss attributable to redeemable noncontrolling interests</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12,363</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,374</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(547</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,621</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,896</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>91,939</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic weighted average shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,273</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,794</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,353</span></span></div></td><td style="vertical-align:bottom;border-top:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dilutive potential shares from restricted stock units</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>587</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>626</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted weighted average shares outstanding</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,297</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,381</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,979</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic earnings per share attributable to common stockholders</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.85</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.43</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.98</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted earnings per share attributable to common stockholders</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.40</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.96</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 146984000 109522000 92486000 12363000 -4374000 547000 134621000 113896000 91939000 47273000 46794000 46353000 1024000 587000 626000 48297000 47381000 46979000 2.85 2.43 1.98 2.79 2.40 1.96 Stock-Based Compensation<div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Amended and Restated Stock Incentive Plan </span></div><div style="line-height:120%;padding-top:6px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Amended and Restated Cohen &amp; Steers, Inc. Stock Incentive Plan (the SIP) provides for the issuance of Restricted Stock Units (RSUs), stock options and other stock-based awards to eligible employees and directors. A total of </span><span style="font-family:inherit;font-size:10pt;"><span>20.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock may be granted under the SIP. The board of directors is authorized to increase the number of shares available for issuance under the SIP, subject to shareholder approval. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, RSUs with respect to approximately </span><span style="font-family:inherit;font-size:10pt;"><span>16.7 million</span></span><span style="font-family:inherit;font-size:10pt;"> shares of common stock had been issued under the SIP. Total compensation cost related to unvested RSUs not yet recognized was approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$42,721,000</span></span><span style="font-family:inherit;font-size:10pt;"> at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and is expected to be recognized over approximately the next </span><span style="font-family:inherit;font-size:10pt;"><span>three years</span></span><span style="font-family:inherit;font-size:10pt;">. In January 2020, the Company granted approximately 0.5 million RSUs under the SIP with a grant date fair value of approximately $33,909,000 which generally vest over a four-year period. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Restricted Stock Units </span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Vested Restricted Stock Unit Grants</span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company grants awards of vested RSUs to the non-management directors of the Company pursuant to the SIP. The directors are entitled to receive delivery of the underlying common stock on the third anniversary of the date of grant. Dividends declared during the period are paid to the directors in cash. In connection with the grant of these vested RSUs, the Company recorded non-cash stock-based compensation expense of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$614,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$626,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$618,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Unvested Restricted Stock Unit Grants </span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time, the Company grants awards of unvested RSUs to certain employees pursuant to the SIP. The fair value at the date of grant is expensed on a straight-line basis over the applicable service periods, which is generally four years. Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The Company recorded stock-based compensation expense, net of forfeitures, of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$4,443,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$4,216,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$3,957,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively. </span></div><div style="line-height:120%;padding-top:8px;text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Incentive Bonus Plans for Employees of the Company </span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has implemented a program for employees which, based upon compensation levels, automatically allocates a portion of their year-end bonuses in the form of unvested RSUs (Mandatory Program). Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The RSUs under the Mandatory Program will generally vest and be delivered ratably over </span><span style="font-family:inherit;font-size:10pt;"><span>four years</span></span><span style="font-family:inherit;font-size:10pt;"> and the dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The fair value at the date of grant of the RSUs under the Mandatory Program is expensed on a straight-line basis over the vesting period. The Company recorded stock-based </span></div><div style="line-height:120%;padding-top:6px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">compensation under the Mandatory Program, net of forfeitures, of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$22,637,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$19,710,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$17,670,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the </span><span style="font-family:inherit;font-size:10pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table sets forth activity relating to the Company’s RSUs under the SIP (share data in thousands): </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21"/></tr><tr><td style="width:29%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Vested Restricted Stock Unit Grants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Unvested Restricted Stock Unit Grants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Incentive Bonus Plans Restricted Stock Unit Grants</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at January 1, 2017</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.15</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>307</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33.62</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,399</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.22</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.14</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>151</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>714</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.36</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40.03</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(140</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.41</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(523</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.80</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33.87</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.98</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>318</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.14</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,550</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.60</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.02</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>757</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.42</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.95</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.94</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.16</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.93</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.80</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,745</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40.97</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>763</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.92</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(131</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.46</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(601</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.30</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.31</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44.06</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.78</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,874</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.38</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Employee Stock Purchase Plan </span></div><span style="font-family:inherit;font-size:10pt;">Pursuant to the Amended and Restated Employee Stock Purchase Plan (ESPP), the Company allows eligible employees, as defined in the ESPP, to purchase common stock at a </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>15%</span></span><span style="font-family:inherit;font-size:10pt;"> discount from fair market value up to a maximum of </span><span style="font-family:inherit;font-size:10pt;"><span>$25,000</span></span><span style="font-family:inherit;font-size:10pt;"> in annual aggregate purchases by any one individual. The number of shares of common stock authorized for purchase by eligible employees is </span><span style="font-family:inherit;font-size:10pt;"><span>600,000</span></span><span style="font-family:inherit;font-size:10pt;">. As of December 31, 2019, the Company had issued approximately 431,000 shares of common stock under the ESPP. For all three </span><span style="font-family:inherit;font-size:10pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, approximately </span><span style="font-family:inherit;font-size:10pt;"><span>18,000</span></span><span style="font-family:inherit;font-size:10pt;"> were purchased by eligible employees through the ESPP. For the </span><span style="font-family:inherit;font-size:10pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">, the Company recorded a non-cash stock-based compensation expense of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$131,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$105,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$112,000</span></span>, respectively, which represents the discount on the shares issued pursuant to this plan. The ESPP will terminate upon the earliest to occur of (1) termination of the ESPP by the board of directors or (2) issuance of all of the shares reserved for issuance under the ESPP. The board of directors is authorized to increase the number of shares available for issuance under the ESPP, subject to shareholder approval. 20000000.0 16700000 42721000 P3Y 614000 626000 618000 4443000 4216000 3957000 P4Y 22637000 19710000 17670000 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table sets forth activity relating to the Company’s RSUs under the SIP (share data in thousands): </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21"/></tr><tr><td style="width:29%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Vested Restricted Stock Unit Grants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Unvested Restricted Stock Unit Grants</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="6" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Incentive Bonus Plans Restricted Stock Unit Grants</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Number </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">of Shares</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Weighted </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Average</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Grant Date </span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at January 1, 2017</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.15</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>307</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33.62</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,399</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.22</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.14</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>151</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.45</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>714</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.36</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40.03</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(140</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.41</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(523</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.80</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(40</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33.87</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.98</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>318</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.14</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,550</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.60</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.02</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>757</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.42</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(12</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.95</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34.94</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(23</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.16</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.93</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>306</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.80</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,745</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Granted</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>22</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>50.29</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40.97</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>763</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39.92</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Delivered</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(13</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37.61</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(131</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.46</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(601</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36.30</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;text-indent:-6px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeited</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(5</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.15</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(33</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.31</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>54</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>44.06</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>302</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.78</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,874</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38.38</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div> 34000 37.15 307000 33.62 1399000 34.22 16000 38.14 151000 35.45 714000 35.36 -8000 40.03 140000 34.41 523000 34.80 0 0 40000 33.87 42000 36.98 318000 34.14 1550000 34.60 15000 38.29 134000 39.02 757000 39.42 -12000 34.95 146000 35.13 -539000 34.94 0 0 23000 37.16 45000 37.93 306000 35.80 1745000 36.55 22000 50.29 132000 40.97 763000 39.92 13000 37.61 131000 35.46 -601000 36.30 5000 38.15 33000 38.31 54000 44.06 302000 38.78 1874000 38.38 0.15 25000 600000 18000 131000 105000 112000 401(k) and Profit-Sharing Plan <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company sponsors a profit-sharing plan (the Plan) covering all employees who meet certain age and service requirements. Subject to limitations, the Plan permits participants to defer up to </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>100%</span></span><span style="font-family:inherit;font-size:10pt;"> of their eligible compensation pursuant to Section 401(k) of the Internal Revenue Code. Employee contributions are matched by the Company at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$0.50</span></span><span style="font-family:inherit;font-size:10pt;"> per </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.00</span><span style="font-family:inherit;font-size:10pt;"> deferred. The Plan also allows the Company to make discretionary contributions, which are integrated with the taxable wage base under the Social Security Act. No discretionary contributions were made for the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Forfeitures occur when participants terminate employment before becoming entitled to their full benefits under the Plan. In accordance with the Plan document, forfeited amounts are used to reduce the Company’s contributions to the Plan or to pay Plan expenses. Forfeitures for the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> totaled approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$131,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$101,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$128,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Matching contributions, net of forfeitures, to the Plan for the </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:10pt;"> totaled approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$2,057,000</span></span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$1,770,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$1,715,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div> 1 0.50 131000 101000 128000 2057000 1770000 1715000 Related Party Transactions<div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is an investment adviser to, and has administration agreements with, affiliated funds for which certain employees are officers and/or directors. </span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the amount of revenue the Company earned from these affiliated funds:</span></div><div style="line-height:120%;text-align:left;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264,116</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>241,255</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>236,832</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,048</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,090</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,747</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>294,164</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>270,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>267,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:9pt;padding-left:0px;"><span style="font-family:inherit;font-size:9pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Investment advisory and administration fees are reflected net of fund reimbursements of </span><span style="font-family:inherit;font-size:9pt;"><span>$11.1 million</span></span><span style="font-family:inherit;font-size:9pt;">, </span><span style="font-family:inherit;font-size:9pt;"><span>$8.6 million</span></span><span style="font-family:inherit;font-size:9pt;"> and </span><span style="font-family:inherit;font-size:9pt;"><span>$8.7 million</span></span><span style="font-family:inherit;font-size:9pt;"> for and the </span><span style="font-family:inherit;font-size:9pt;">years ended December 31, 2019, 2018 and 2017</span><span style="font-family:inherit;font-size:9pt;">, respectively. Amounts for the years ended December 31, 2017 have been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018. </span></div></td></tr></table><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from sales</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,326</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,872</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,105</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross realized gains</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>241</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>80</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross realized losses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(907</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,448</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>481</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>675</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Included in accounts receivable at </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2018 are receivables due from Company-sponsored funds of approximately </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$27,725,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"><span>$22,560,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively. Included in accounts payable at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and December 31, 2018 are payables due to Company-sponsored funds of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$1,498,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$845,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively.</span></div> 264116000 241255000 236832000 30048000 29090000 30747000 294164000 270345000 267579000 11100000 8600000 8700000 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:</span><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Proceeds from sales</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,326</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,872</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>15,105</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross realized gains</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>241</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>28</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>80</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross realized losses</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(907</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,448</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>52</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>481</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>675</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:6px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the amount of revenue the Company earned from these affiliated funds:</span></div><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>264,116</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>241,255</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>236,832</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,048</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,090</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,747</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>294,164</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>270,345</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>267,579</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div> 37326000 10872000 15105000 241000 28000 80000 907000 4448000 0 52000 481000 675000 27725000 22560000 1498000 845000 Regulatory Requirements<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CSS, a registered broker-dealer in the U.S., is subject to the SEC’s Uniform Net Capital Rule 15c3-1 (the Rule), which requires that broker-dealers maintain a minimum level of net capital, as prescribed by the Rule. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, CSS had net capital of approximately $</span><span style="font-family:inherit;font-size:10pt;"><span>3.5 million</span></span><span style="font-family:inherit;font-size:10pt;">, which exceeded its requirements by approximately $</span><span style="font-family:inherit;font-size:10pt;"><span>3.3 million</span></span><span style="font-family:inherit;font-size:10pt;">. The Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital of a broker-dealer is less than the amount required under the Rule and requires prior notice to the SEC for certain withdrawals of capital. CSS does not carry customer accounts and is exempt from SEC Rule 15c3-3 pursuant to provisions (k)(1) and (k)(2)(i) of such rule. During 2019, the Company made a capital contribution of </span><span style="font-family:inherit;font-size:10pt;"><span>$3.0 million</span></span><span style="font-family:inherit;font-size:10pt;"> to CSS.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CSAL is subject to regulation by the Hong Kong Securities and Futures Commission. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, CSAL had regulatory capital of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$10.4 million</span></span><span style="font-family:inherit;font-size:10pt;">, which exceeded its minimum regulatory capital requirement by approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$10.0 million</span></span><span style="font-family:inherit;font-size:10pt;">. During 2019, CSAL paid dividends totalling $32.5 million to its parent, CSCM.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CSUK is subject to regulation by the United Kingdom Financial Conduct Authority. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, CSUK had regulatory capital of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$38.2 million</span></span><span style="font-family:inherit;font-size:10pt;">, which exceeded its minimum regulatory capital requirement by approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$32.5 million</span></span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CSJL is registered with the Financial Services Agency of Japan and the Kanto Local Finance Bureau and is subject to the Financial Instruments and Exchange Act. In accordance with its license, CSJL is required to maintain regulatory capital, as defined, of approximately $</span><span style="font-family:inherit;font-size:10pt;"><span>460,000</span></span><span style="font-family:inherit;font-size:10pt;">. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, CSJL had stated capital in excess of this requirement. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">CSIL is an Irish registered company. The Company has applied for a license to conduct regulated business in Ireland.</span></div> 3500000 3300000 3000000.0 10400000 10000000.0 38200000 32500000 460000 Commitments and Contingencies<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">From time to time, the Company is involved in legal matters relating to claims arising in the ordinary course of business. There are currently no such matters pending that the Company believes could have a material adverse effect on its consolidated results of operations, cash flows or financial position.</span></div><span style="font-family:inherit;font-size:10pt;">The Company periodically commits to fund a portion of the equity in certain of its sponsored investment products. The Company has committed to co-invest up to </span><span style="font-family:inherit;font-size:10pt;"><span>$5.1 million</span></span><span style="font-family:inherit;font-size:10pt;"> alongside GRP-TE, a portion of which is made through GRP-TE and the remainder of which is made through Cohen &amp; Steers Co-Investment Partnership, L.P. (GRP-CIP) for up to </span><span style="font-family:inherit;font-size:10pt;"><span>12 years</span></span><span style="font-family:inherit;font-size:10pt;"> through the life of GRP-TE. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, the Company has funded approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$3.8 million</span></span><span style="font-family:inherit;font-size:10pt;"> with respect to this commitment. The actual timing for funding the unfunded portion of this commitment is currently unknown, as the drawdown of the Company’s unfunded commitment is contingent on the timing of drawdowns by the underlying funds in which GRP-TE and GRP-CIP invest. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span>, the unfunded commitment was not recorded on the Company’s consolidated statements of financial condition. 5100000 P12Y 3800000 Income Taxes<div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The income before provision for income taxes and provision for income taxes are as follows: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before provision for income taxes - U.S. </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,497</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,838</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,338</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before provision for income taxes - Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,052</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total income before provision for income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>187,549</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,779</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,400</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><div style="padding-left:24px;text-indent:-24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Included income of $12.4 million, loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2019, 2018 and 2017, respectively.</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current tax expense:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,818</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,223</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,082</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,627</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,378</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,155</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,029</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,991</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax (benefit) expense:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. federal</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(133</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(748</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(428</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(74</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(281</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(412</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>303</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(344</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>526</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>96</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,373</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(314</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,565</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,257</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,914</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In connection with the enactment of the Tax Cuts and Jobs Act (the Tax Act), the Company recorded a provisional transition tax of $8.4 million at December 31, 2017, which reflected a one-time tax on deemed repatriated accumulated earnings and profits of the Company’s foreign subsidiaries. Based on refinement of the calculation, the Company adjusted its transition tax liability from $8.4 million at December 31, 2017 to $8.3 million during the second quarter of 2018. The transition tax, which is payable over eight years on an interest-free basis, was included as part of income tax payable on the Company's consolidated statements of financial condition at December 31, 2019 and December 31, 2018. </span></div><div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The transition tax liability is as follows:</span></div><div style="line-height:120%;padding-top:4px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:84%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Transition Tax Liability</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>665</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,246</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2024</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,662</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2025</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,077</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,507</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the transition tax, the Tax Act requires certain income earned by foreign subsidiaries, referred to as global intangible low-taxed income (GILTI), be included in the U.S. taxable income of the parent company. GILTI requires an accounting policy election to either (1) treat taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred or (2) factor such amounts into the measurement of deferred taxes. The Company has made an accounting policy election to account for any additional tax resulting from the GILTI provisions in the year in which it is incurred. Based upon its calculation, the Company was not required to record any additional income tax expense attributable to the GILTI provisions for the year ended December 31, 2019.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred income taxes represent the tax effects of the temporary differences between book and tax bases and are measured using enacted tax rates that will be in effect when such items are expected to reverse. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Significant components of the Company’s net deferred income tax asset consist of the following:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">At December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred income tax assets (liabilities):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock-based compensation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,310</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,915</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized losses on investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,218</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend equivalents on unvested restricted stock units</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,734</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net unrealized (gains) losses on investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,632</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,512</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred compensation</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>290</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred rent</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,452</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(824</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(760</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Subtotal</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,292</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: valuation allowance</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,201</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred income tax asset—net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,091</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company had capital loss carryforwards of approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$17,027,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$6,181,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2018 which, if unused, will expire in years 2020 to 2024. The valuation allowance on the net deferred income tax asset decreased by approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$1,069,000</span></span><span style="font-family:inherit;font-size:10pt;"> during the year ended </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;">, the Company had approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$12,880,000</span></span><span style="font-family:inherit;font-size:10pt;"> of total gross unrecognized tax benefits. Of this total, approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$9,830,000</span></span><span style="font-family:inherit;font-size:10pt;"> (net of the federal benefit on state issues) represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the Company’s effective tax rate in future periods. The Company believes it is reasonably possible that it will reduce its net unrecognized tax benefits by </span><span style="font-family:inherit;font-size:10pt;"><span>$5,974,000</span></span><span style="font-family:inherit;font-size:10pt;"> within the next twelve months due to the expected conclusion of jurisdictional reviews and the lapse of the statute of limitations on certain positions.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:80%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liability for Unrecognized Tax Benefits</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at January 1, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,852</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,724</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of prior years</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,624</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,406</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,233</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,602</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,037</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,430</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of prior years</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,880</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes. At </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> and 2017, the Company had approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$3,179,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$2,519,000</span></span><span style="font-family:inherit;font-size:10pt;">, respectively, in potential interest and penalties associated with uncertain tax positions. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The tax years 2013 through 2019 remain open to examination by various taxing jurisdictions.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the Company’s statutory federal income tax rate and the effective tax rate is as follows:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:62%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. statutory tax rate</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local income taxes, net of federal income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.4</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefit adjustments</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign operations tax differential</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.5</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.3</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.4</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-deductible (gains) losses on investments</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-taxable (gains) losses on investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.9</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax Act</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.0</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective income tax rate</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23.1</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The income before provision for income taxes and provision for income taxes are as follows: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before provision for income taxes - U.S. </span><span style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>171,497</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>132,838</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>149,338</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Income before provision for income taxes - Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16,052</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,941</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,062</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total income before provision for income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>187,549</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>143,779</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,400</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td colspan="12" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">_________________________</span></div><div style="padding-left:24px;text-indent:-24px;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">(1)    Included income of $12.4 million, loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2019, 2018 and 2017, respectively.</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current tax expense:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. federal</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,818</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>26,223</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>58,082</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,627</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,378</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,155</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,024</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,029</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,991</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,469</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,630</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>68,228</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred tax (benefit) expense:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. federal</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(133</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(748</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(428</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(74</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(281</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(412</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-U.S.</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>303</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(344</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>526</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>96</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,373</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(314</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Provision for income taxes</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,565</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,257</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>67,914</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"> </span></div> 171497000 132838000 149338000 16052000 10941000 11062000 187549000 143779000 160400000 30818000 26223000 58082000 7627000 7378000 8155000 2024000 2029000 1991000 40469000 35630000 68228000 -133000 -748000 -428000 -74000 -281000 -412000 303000 -344000 526000 96000 -1373000 -314000 40565000 34257000 67914000 <div style="line-height:120%;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The transition tax liability is as follows:</span></div><div style="line-height:120%;padding-top:4px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:84%;"/><td style="width:1%;"/><td style="width:14%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Transition Tax Liability</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>192</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>665</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>665</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,246</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2024</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,662</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2025</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,077</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,507</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 192000 665000 665000 1246000 1662000 2077000 6507000 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Significant components of the Company’s net deferred income tax asset consist of the following:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:75%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">At December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred income tax assets (liabilities):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Stock-based compensation</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5,310</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,915</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;text-indent:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Realized losses on investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,218</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,539</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Dividend equivalents on unvested restricted stock units</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,725</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,734</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net unrealized (gains) losses on investments</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,632</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,512</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred compensation</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>290</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>78</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred rent</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,205</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,452</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(824</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(760</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Subtotal</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10,292</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,470</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: valuation allowance</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,201</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(4,270</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:36px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Deferred income tax asset—net</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,091</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,200</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 5310000 4915000 4218000 1539000 1725000 1734000 1632000 2512000 -290000 -78000 1205000 1452000 -824000 -760000 10292000 11470000 3201000 4270000 7091000 7200000 17027000 6181000 1069000 12880000 9830000 5974000 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:80%;"/><td style="width:1%;"/><td style="width:18%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Liability for Unrecognized Tax Benefits</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at January 1, 2017</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,852</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,724</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of prior years</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,624</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,794</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2017</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,406</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,233</span></span></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,602</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,037</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of current year</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,430</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Addition for tax positions of prior years</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>133</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Reduction of tax positions from prior years</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,720</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Gross unrecognized tax benefits balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,880</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 7852000 1724000 6624000 3794000 12406000 2233000 2602000 12037000 2430000 133000 1720000 12880000 3179000 2519000 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">A reconciliation of the Company’s statutory federal income tax rate and the effective tax rate is as follows:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:62%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">U.S. statutory tax rate</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>21.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">State and local income taxes, net of federal income taxes</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.4</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3.1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Unrecognized tax benefit adjustments</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Foreign operations tax differential</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.5</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.3</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.4</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-deductible (gains) losses on investments</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-taxable (gains) losses on investments</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.9</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.1</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.2</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Tax Act</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1.0</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(0.3</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)%</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Effective income tax rate</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>23.1</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>42.5</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> %</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 0.210 0.210 0.350 0.034 0.038 0.031 0.010 0.010 0.019 0.005 -0.003 0.014 -0.016 0.002 0.002 -0.009 -0.001 0.002 0 -0.001 0.080 0.010 -0.012 -0.003 0.232 0.231 0.425 Goodwill and Intangible Assets<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the changes in the Company’s goodwill and intangible assets: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.24561403508771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:46%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Goodwill</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Finite-Lived Intangible</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Indefinite-Lived</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible Assets</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at January 1, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,034</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>95</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Currency revaluation</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(533</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,501</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Currency revaluation</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(191</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,310</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:4pt;"> </span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s intangible assets:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.24561403508771%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:49%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortization</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Period</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">(in months)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Accumulated</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets, Net</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-amortized intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Mutual fund management contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortized intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Client relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,543</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-amortized intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Mutual fund management contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,793</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,543</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization expense related to the intangible assets was approximately </span><span style="font-family:inherit;font-size:10pt;"><span>$95,000</span></span><span style="font-family:inherit;font-size:10pt;"> and </span><span style="font-family:inherit;font-size:10pt;"><span>$89,000</span></span><span style="font-family:inherit;font-size:10pt;"> for the years ended December 31, 2018 and 2017, respectively.</span></div> <div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the changes in the Company’s goodwill and intangible assets: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:98.24561403508771%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:46%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:16%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:15%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Goodwill</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Finite-Lived Intangible</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Indefinite-Lived</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible Assets</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at January 1, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>19,034</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>95</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Currency revaluation</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(533</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(95</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,501</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Currency revaluation</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(191</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortization</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">N/A</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Balance at December 31, 2019</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18,310</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:4pt;"> </span></div> 19034000 95000 1250000 -533000 95000 18501000 0 1250000 -191000 0 18310000 0 1250000 <div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company’s intangible assets:</span></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.24561403508771%;border-collapse:collapse;text-align:left;"><tr><td colspan="14"/></tr><tr><td style="width:49%;"/><td style="width:12%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Remaining</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortization</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Period</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">(in months)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Gross</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amount</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Accumulated</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Amortization</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Intangible</span></div><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Assets, Net</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-amortized intangible assets:</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Mutual fund management contracts</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Amortized intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Client relationships</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,543</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Non-amortized intangible assets:</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:top;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Mutual fund management contracts</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">—</span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,793</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(1,543</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,250</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 1250000 1250000 1543000 -1543000 0 1250000 1250000 2793000 -1543000 1250000 95000 89000 Leases<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has operating leases for corporate offices and certain information technology equipment.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company's lease cost included in general and administrative expense in the consolidated statements of operations:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,552</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,334</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Supplemental cash flow information related to operating leases is summarized below:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash paid for amounts included in the measurement of lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">12,365</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">11,709</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">11,579</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Right-of-use assets obtained in exchange for new lease liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>614</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other information related to operating leases is summarized below:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:62%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average remaining lease term (years)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average discount rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the maturities of lease liabilities at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:89%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Operating Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>11,933</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>11,184</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>10,882</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>10,855</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2024</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>963</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total remaining undiscounted lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>2,468</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total remaining discounted lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,349</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the Company's lease cost included in general and administrative expense in the consolidated statements of operations:</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating lease cost</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,495</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,552</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11,334</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Supplemental cash flow information related to operating leases is summarized below:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cash paid for amounts included in the measurement of lease liabilities</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">12,365</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">11,709</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">11,579</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Right-of-use assets obtained in exchange for new lease liabilities</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>614</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 11495000 11552000 11334000 0 614000 0 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Other information related to operating leases is summarized below:</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:62%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:11%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="8" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average remaining lease term (years)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average discount rate</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.8</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> P4Y P5Y P6Y 0.028 0.028 0.028 <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table summarizes the maturities of lease liabilities at </span><span style="font-family:inherit;font-size:10pt;">December 31, 2019</span><span style="font-family:inherit;font-size:10pt;"> (in thousands):</span></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:99.80506822612085%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"/></tr><tr><td style="width:89%;"/><td style="width:1%;"/><td style="width:9%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Year Ending December 31,</span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Operating Leases</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>11,933</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2021</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>11,184</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2022</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>10,882</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2023</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>10,855</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2024</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>963</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total remaining undiscounted lease payments</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>45,817</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: imputed interest</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:Times_New_Roman;font-size:10pt;"><span>2,468</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total remaining discounted lease payments</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>43,349</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 11933000 11184000 10882000 10855000 963000 45817000 2468000 43349000 Concentration of Credit Risk<div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company’s cash and cash equivalents are principally on deposit with major financial institutions. The Company is subject to credit risk should these financial institutions be unable to fulfill their obligations. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following affiliated funds and third-party institutional separate account subadvisory relationship, which is comprised of multiple accounts, provided 10% or more of the total revenue of the Company: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except percentages)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Preferred Securities and Income Fund, Inc. (CPX):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,059</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,594</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">69,391</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">66,584</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">68,338</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17.5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Real Estate Securities Fund, Inc. (CSI):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,971</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,759</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,033</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,128</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,841</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,662</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">50,099</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">38,600</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">34,695</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Realty Shares, Inc. (CSR):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,884</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,827</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,392</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,079</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,032</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">36,963</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">37,859</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">42,994</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11.4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Daiwa Asset Management:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory fees</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,957</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,791</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following affiliated funds and third-party institutional separate account subadvisory relationship, which is comprised of multiple accounts, provided 10% or more of the total revenue of the Company: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12"/></tr><tr><td style="width:62%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Years Ended December 31,</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except percentages)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2017</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Preferred Securities and Income Fund, Inc. (CPX):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>56,638</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,059</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>53,594</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12,753</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>13,525</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>14,744</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">69,391</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">66,584</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">68,338</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>16.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>17.5</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>18.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Real Estate Securities Fund, Inc. (CSI):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>41,971</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,759</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,033</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8,128</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>6,841</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7,662</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">50,099</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">38,600</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">34,695</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>12.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10.1</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Cohen &amp; Steers Realty Shares, Inc. (CSR):</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:4pt;"><span style="font-family:inherit;font-size:4pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory and administration fees</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,884</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,827</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,392</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Distribution and service fees</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,079</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,032</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>4,602</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">36,963</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">37,859</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">42,994</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.0</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>9.9</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>11.4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Daiwa Asset Management:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Investment advisory fees</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,957</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>33,454</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,791</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Percent of total revenue</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>7.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>8.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>10.8</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">%</span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 56638000 53059000 53594000 12753000 13525000 14744000 0.169 0.175 0.180 41971000 31759000 27033000 8128000 6841000 7662000 0.122 0.101 0.092 32884000 33827000 38392000 4079000 4032000 4602000 0.090 0.099 0.114 31957000 33454000 40791000 0.078 0.088 0.108 Selected Quarterly Financial Data (unaudited) <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table presents selected quarterly financial data: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:40%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Quarter</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">1st</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2nd</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">3rd</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">4th</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,226</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>101,792</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,847</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,435</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,104</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,133</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,333</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,017</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,621</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share attributable to common stockholders:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.69</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.66</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.78</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.85</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.68</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.65</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.70</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares outstanding:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,316</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,273</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,175</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,297</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2018</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,464</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,410</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,331</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93,906</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,219</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39,223</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,309</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,038</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,790</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,561</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,896</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share attributable to common stockholders:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.64</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.66</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.43</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.63</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.65</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.54</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.40</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares outstanding:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,819</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,842</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,794</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,152</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,311</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,524</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,562</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> <div style="line-height:120%;padding-top:6px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table presents selected quarterly financial data: </span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16"/></tr><tr><td style="width:40%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:10%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="15" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Quarter</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;">(in thousands, except per share data)</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">1st</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2nd</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">3rd</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">4th</span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2019</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,226</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>101,792</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>104,965</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>109,847</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>410,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating income</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>35,435</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>38,104</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>40,133</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,462</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>160,134</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>32,543</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>31,333</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,017</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,728</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>134,621</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share attributable to common stockholders:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.69</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.66</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.72</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.78</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.85</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.68</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.65</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.70</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.75</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.79</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares outstanding:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,146</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,304</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,316</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,324</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,273</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,642</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,175</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,412</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,703</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>48,297</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">2018</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenue</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,464</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>94,410</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>98,331</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>93,906</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>381,111</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating income</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>37,219</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>36,287</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>39,223</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>34,309</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>147,038</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net income attributable to common stockholders</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>27,586</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>29,959</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>30,790</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>25,561</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>113,896</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:12px;text-indent:-12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Earnings per share attributable to common stockholders:</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.64</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.66</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.55</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.43</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.59</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.63</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.65</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>0.54</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2.40</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Weighted-average shares outstanding:</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Basic</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,683</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,819</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,830</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,842</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>46,794</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;padding-left:24px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Diluted</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,152</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,311</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,524</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,562</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>47,381</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div> 94226000 101792000 104965000 109847000 410830000 35435000 38104000 40133000 46462000 160134000 32543000 31333000 34017000 36728000 134621000 0.69 0.66 0.72 0.78 2.85 0.68 0.65 0.70 0.75 2.79 47146000 47304000 47316000 47324000 47273000 47642000 48175000 48412000 48703000 48297000 94464000 94410000 98331000 93906000 381111000 37219000 36287000 39223000 34309000 147038000 27586000 29959000 30790000 25561000 113896000 0.59 0.64 0.66 0.55 2.43 0.59 0.63 0.65 0.54 2.40 46683000 46819000 46830000 46842000 46794000 47152000 47311000 47524000 47562000 47381000 Subsequent Events<div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. Other than the items described below, the Company determined that there were no additional subsequent events that require disclosure and/or adjustment.</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">On February 20, 2020, CNS declared a quarterly dividend on its common stock in the amount of </span><span style="font-family:inherit;font-size:10pt;"><span>$0.39</span></span><span style="font-family:inherit;font-size:10pt;"> per share. This dividend will be payable on March 12, 2020 to stockholders of record at the close of business on March 2, 2020.</span></div> 0.39 Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion. Due to the adoption and application of the amendments to the financial instruments accounting standard on January 1, 2018, realized and unrealized gains (losses) from equity investments at fair value are recognized through earnings rather than through other comprehensive income. XML 32 R14.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Fair Value Fair Value
Accounting Standards Codification Topic 820, Fair Value Measurement (ASC 820) specifies a hierarchy of valuation classifications based on whether the inputs to the valuation techniques used in each valuation classification are observable or unobservable. These classifications are summarized in the three broad levels listed below:
•
Level 1—Unadjusted quoted prices for identical instruments in active markets.
•
Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.
•
Level 3—Valuations derived from valuation techniques in which significant inputs or significant value drivers are unobservable.
Inputs used to measure fair value might fall in different levels of the fair value hierarchy, in which case the Company defaults to the lowest level input that is significant to the fair value measurement in its entirety. These levels are not necessarily an indication of the risk or liquidity associated with the investments. In determining the appropriate levels, the Company performed a detailed analysis of the assets and liabilities that are subject to ASC 820.
The following tables present fair value measurements:
 
December 31, 2019
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
85,889

 
$
—

 
$
—

 
$
—

 
$
—

 
$
85,889

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
$
87,408

 
$
—

 
$
—

 
$
—

 
$
—

 
$
87,408

Company-sponsored funds
132

 
—

 
—

 
—

 
—

 
132

Limited partnership interests
1,048

 
—

 
—

 
337

 
—

 
1,385

Preferred securities
704

 
108

 
—

 
—

 
—

 
812

Other
—

 
—

 
—

 
135

 
—

 
135

Total
$
89,292

 
$
108

 
$
—

 
$
472

 
$
—

 
$
89,872

Trading investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Total
$
—

 
$
14,980

 
$
—

 
$
—

 
$
—

 
$
14,980

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 
 
Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,807

 
$
49,807

Equity method investments
$
—

 
$
—

 
$
—

 
$
554

 
$
—

 
$
554

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
89,292

 
$
15,088

 
$
—

 
$
1,026

 
$
49,807

 
$
155,213

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
570

 
$
—

 
$
—

 
$
—

 
$
—

 
$
570

Foreign exchange contracts
—

 
74

 
—

 
—

 
—

 
74

Total
$
570

 
$
74

 
$
—

 
$
—

 
$
—

 
$
644

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
339

 
$
—

 
$
—

 
$
—

 
$
—

 
$
339

Commodity swap contracts
—

 
173

 
—

 
—

 
—

 
173

Foreign exchange contracts
—

 
44

 
—

 
—

 
—

 
44

Total
$
339

 
$
217

 
$
—

 
$
—

 
$
—

 
$
556



 
December 31, 2018
(in thousands)
Level 1
 
Level 2
 
Level 3
 
Investments
Measured at
NAV as FV
 
Investments
Carried at
Amortized Cost
 
Total
Cash equivalents
$
78,147

 
$
—

 
$
—

 
$
—

 
$
—

 
$
78,147

Equity investments at fair value
 
 
 
 
 
 
 
 
 
 
 
Common stocks
21,982

 
$
—

 
$
—

 
$
—

 
$
—

 
$
21,982

Company-sponsored funds
9,456

 
—

 
—

 
—

 
—

 
9,456

Limited partnership interests
1,056

 
—

 
—

 
550

 
—

 
1,606

Preferred securities
30,448

 
3,193

 
—

 
—

 
—

 
33,641

Other
—

 
—

 
—

 
110

 
—

 
110

Total
$
62,942

 
$
3,193

 
$
—

 
$
660

 
$
—

 
$
66,795

Trading investments


 


 


 
 
 
 
 


Fixed income
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Total
$
—

 
$
108,363

 
$
—

 
$
—

 
$
—

 
$
108,363

Held-to-maturity investments
 
 
 
 
 
 
 
 
 
 


Fixed income
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Total
$
—

 
$
—

 
$
—

 
$
—

 
$
49,748

 
$
49,748

Equity method investments
$
—

 
$
—

 
$
—

 
$
26

 
$
—

 
$
26

 
 
 
 
 
 
 
 
 
 
 
 
Total investments
$
62,942

 
$
111,556

 
$
—

 
$
686

 
$
49,748

 
$
224,932

 
 
 
 
 
 
 
 
 
 
 
 
Derivatives - assets
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
486

 
$
—

 
$
—

 
$
—

 
$
—

 
$
486

Commodity swap contracts
—

 
739

 
—

 
—

 
—

 
739

Total
$
486

 
$
739

 
$
—

 
$
—

 
$
—

 
$
1,225

Derivatives - liabilities
 
 
 
 
 
 
 
 
 
 
 
Commodity futures contracts
$
2,181

 
$
—

 
$
—

 
$
—

 
$
—

 
$
2,181

Foreign exchange contracts
—

 
205

 
—

 
—

 
—

 
205

Total
$
2,181

 
$
205

 
$
—

 
$
—

 
$
—

 
$
2,386


Cash equivalents were comprised of investments in actively traded U.S. Treasury money market funds measured at NAV.
Equity investments at fair value classified as level 2 were comprised of certain preferred securities with predominately equity-like characteristics whose fair values are generally determined using third-party pricing services. The pricing services may utilize pricing models, and inputs into those models may include reported trades, executable bid and ask prices, broker-dealer quotations, prices or yields of similar securities, benchmark curves and other market information. The pricing services may use a matrix approach, which considers information regarding securities with similar characteristics to determine the valuation for a security.
Trading investments classified as level 2 were comprised of U.S. Treasury securities held within consolidated funds carried at amortized cost, which approximates fair value, corporate debt securities, as well as certain preferred securities with predominately debt-like characteristics. The fair value amounts were generally determined using third-party pricing services. The pricing services may utilize evaluated pricing models that vary by asset class and incorporate available trade, bid and other market information. Since these securities do not trade on a daily basis, the pricing services evaluate pricing applications and apply available information through processes such as yield curves, benchmarking of like securities, sector groupings, and matrix pricing, to prepare evaluations.
Investments measured at NAV were comprised of certain investments measured at fair value using NAV (or its equivalent) as a practical expedient. These investments were comprised of:
•
Equity investments at fair value - limited partner interests in limited partnership vehicles that invest in non-registered real estate funds and the Company's co-investment in a Cayman trust invested in global listed infrastructure securities, both of which are valued based on the NAVs of the underlying investments. At December 31, 2019 and 2018, the Company did not have the ability to redeem the interests in the limited partnership vehicles; there were no contractual restrictions on the Company's ability to redeem its interest in the Cayman trust.
•
Equity method investments - includes the Company's partnership interests in the Cohen & Steers Global Realty Partners III-TE, L.P. (GRP-TE) and the Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF). GRP-TE invests in non-registered real estate funds. The Company's ownership interest was approximately 0.2% and the Company did not have the ability to redeem the investment at either December 31, 2019 or 2018. GRF was seeded in 2019 and invests in global real estate investment trusts and other publicly traded real estate companies. The Company's ownership interest was approximately 2.2% and the Company had the ability to redeem the investment in GRF with 15 days' notice at December 31, 2019. The Company's risk with respect to both investments is limited to its equity ownership interest and any uncollected management fees.
Held-to-maturity investments were comprised of U.S. Treasury securities, which were directly issued by the U.S. government, with original maturities of 12 to 24 months at December 31, 2019 and 6 to 24 months at December 31, 2018. These securities were purchased with the intent to hold to maturity and are recorded at amortized cost.
Investments measured at NAV and held-to-maturity investments have not been classified in the fair value hierarchy. The amounts presented in the above tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statement of financial position.
Commodity swap contracts classified as level 2 were valued based on the underlying futures contracts.
Foreign currency exchange contracts classified as level 2 were valued based on the prevailing forward exchange rate.
The following table summarizes the changes in level 3 limited partnership interests in trading investments measured at fair value on a recurring basis:
 
Trading Investments
 
Limited Partnership Interests
 
2019
 
2018
Balance at beginning of year
$
—

 
$
605

Purchases / contributions
—

 
—

Sales / distributions
—

 
(598
)
Realized gains (losses)
—

 
(68
)
Unrealized gains (losses)
—

 
61

Transfers into (out of) level 3
—

 
—

Balance at end of year
$
—

 
$
—

 
Realized and unrealized gains (losses) in the above table were recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.
Valuation Techniques
In certain instances, debt, equity and preferred securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable broker-dealers or independent pricing services. In determining the value of a particular investment, independent pricing services may use information with respect to transactions in such investments,
broker quotes, pricing matrices, market transactions in comparable investments and various relationships between investments. As part of its independent price verification process, the Company generally performs reviews of valuations provided by broker-dealers or independent pricing services. Investments in Company-sponsored funds are valued at their closing price or NAV (or its equivalent) as a practical expedient.
Foreign exchange contracts are valued based on the prevailing forward exchange rate, which is an input that is observable in active markets.
In the absence of observable market prices, the Company values its investments using valuation methodologies applied on a consistent basis. For some investments, little market activity may exist; management's determination of fair value is then based on the best information available in the circumstances, and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Such investments are valued on a quarterly basis, taking into consideration any changes in key inputs and changes in economic and other relevant conditions, and valuation models are updated accordingly. The valuation process also includes a review by the Company's valuation committee which is comprised of senior members from various departments within the Company, including investment management. The valuation committee provides independent oversight of the valuation policies and procedures.
XML 33 R10.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Basis of Presentation
 12 Months Ended
Dec. 31, 2019
Organization and Description of Business [Abstract]  
Organization and Description of Business Basis of Presentation
Cohen & Steers, Inc. (CNS) was organized as a Delaware corporation on March 17, 2004. CNS is the holding company for its direct and indirect subsidiaries, including Cohen & Steers Capital Management, Inc. (CSCM), Cohen & Steers Securities, LLC (CSS), Cohen & Steers Asia Limited (CSAL), Cohen & Steers UK Limited (CSUK), Cohen & Steers Japan Limited (CSJL) and Cohen & Steers Ireland Ltd. (CSIL) (collectively, the Company).
The Company is a global investment manager specializing in real assets and alternative income. Our specialties include real estate securities, listed infrastructure and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the Company is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). The consolidated financial statements set forth herein include the accounts of CNS and its direct and indirect subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
XML 34 R18.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Stock-Based Compensation
Amended and Restated Stock Incentive Plan
The Amended and Restated Cohen & Steers, Inc. Stock Incentive Plan (the SIP) provides for the issuance of Restricted Stock Units (RSUs), stock options and other stock-based awards to eligible employees and directors. A total of 20.0 million shares of common stock may be granted under the SIP. The board of directors is authorized to increase the number of shares available for issuance under the SIP, subject to shareholder approval. At December 31, 2019, RSUs with respect to approximately 16.7 million shares of common stock had been issued under the SIP. Total compensation cost related to unvested RSUs not yet recognized was approximately $42,721,000 at December 31, 2019 and is expected to be recognized over approximately the next three years. In January 2020, the Company granted approximately 0.5 million RSUs under the SIP with a grant date fair value of approximately $33,909,000 which generally vest over a four-year period.
Restricted Stock Units
Vested Restricted Stock Unit Grants
The Company grants awards of vested RSUs to the non-management directors of the Company pursuant to the SIP. The directors are entitled to receive delivery of the underlying common stock on the third anniversary of the date of grant. Dividends declared during the period are paid to the directors in cash. In connection with the grant of these vested RSUs, the Company recorded non-cash stock-based compensation expense of approximately $614,000, $626,000 and $618,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Unvested Restricted Stock Unit Grants
From time to time, the Company grants awards of unvested RSUs to certain employees pursuant to the SIP. The fair value at the date of grant is expensed on a straight-line basis over the applicable service periods, which is generally four years. Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The Company recorded stock-based compensation expense, net of forfeitures, of approximately $4,443,000, $4,216,000 and $3,957,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Incentive Bonus Plans for Employees of the Company
The Company has implemented a program for employees which, based upon compensation levels, automatically allocates a portion of their year-end bonuses in the form of unvested RSUs (Mandatory Program). Dividends declared by the Company are paid in additional RSUs and are forfeitable until they are delivered. The RSUs under the Mandatory Program will generally vest and be delivered ratably over four years and the dividend equivalent RSUs will generally vest and be delivered on the fourth anniversary of the original grant date. The fair value at the date of grant of the RSUs under the Mandatory Program is expensed on a straight-line basis over the vesting period. The Company recorded stock-based
compensation under the Mandatory Program, net of forfeitures, of approximately $22,637,000, $19,710,000 and $17,670,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
The following table sets forth activity relating to the Company’s RSUs under the SIP (share data in thousands):
 
Vested Restricted Stock Unit Grants
 
Unvested Restricted Stock Unit Grants
 
Incentive Bonus Plans Restricted Stock Unit Grants
(in thousands, except per share data)
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
 
Number 
of Shares
 
Weighted 
Average
Grant Date 
Fair Value
Balance at January 1, 2017
34

 
$
37.15

 
307

 
$
33.62

 
1,399

 
$
34.22

Granted
16

 
38.14

 
151

 
35.45

 
714

 
35.36

Delivered
(8
)
 
40.03

 
(140
)
 
34.41

 
(523
)
 
34.80

Forfeited
—

 
—

 
—

 
—

 
(40
)
 
33.87

Balance at December 31, 2017
42

 
36.98

 
318

 
34.14

 
1,550

 
34.60

Granted
15

 
38.29

 
134

 
39.02

 
757

 
39.42

Delivered
(12
)
 
34.95

 
(146
)
 
35.13

 
(539
)
 
34.94

Forfeited
—

 
—

 
—

 
—

 
(23
)
 
37.16

Balance at December 31, 2018
45

 
37.93

 
306

 
35.80

 
1,745

 
36.55

Granted
22

 
50.29

 
132

 
40.97

 
763

 
39.92

Delivered
(13
)
 
37.61

 
(131
)
 
35.46

 
(601
)
 
36.30

Forfeited
—

 
—

 
(5
)
 
38.15

 
(33
)
 
38.31

Balance at December 31, 2019
54

 
44.06

 
302

 
38.78

 
1,874

 
38.38

 
Employee Stock Purchase Plan
Pursuant to the Amended and Restated Employee Stock Purchase Plan (ESPP), the Company allows eligible employees, as defined in the ESPP, to purchase common stock at a 15% discount from fair market value up to a maximum of $25,000 in annual aggregate purchases by any one individual. The number of shares of common stock authorized for purchase by eligible employees is 600,000. As of December 31, 2019, the Company had issued approximately 431,000 shares of common stock under the ESPP. For all three years ended December 31, 2019, 2018 and 2017, approximately 18,000 were purchased by eligible employees through the ESPP. For the years ended December 31, 2019, 2018 and 2017, the Company recorded a non-cash stock-based compensation expense of approximately $131,000, $105,000 and $112,000, respectively, which represents the discount on the shares issued pursuant to this plan. The ESPP will terminate upon the earliest to occur of (1) termination of the ESPP by the board of directors or (2) issuance of all of the shares reserved for issuance under the ESPP. The board of directors is authorized to increase the number of shares available for issuance under the ESPP, subject to shareholder approval.
XML 35 R70.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
USD ($)
Income Tax Disclosure [Abstract]  
2020 $ 192
2021 665
2022 665
2023 1,246
2024 1,662
2025 2,077
Total $ 6,507
XML 36 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Regulatory Requirements (Details)
 12 Months Ended
Dec. 31, 2019
USD ($)
Regulatory Requirements  
Proceeds from Contributions from Parent $ 3,000,000.0
Securities Registered Domestically  
Regulatory Requirements  
Net Capital 3,500,000
Excess Capital 3,300,000
Securities Regulated By Foreign Entities - Asia [Member]  
Regulatory Requirements  
Net Capital 10,400,000
Excess Capital 10,000,000.0
Securities Regulated By Foreign Entities - UK [Member]  
Regulatory Requirements  
Net Capital 38,200,000
Excess Capital 32,500,000
Securities Regulated By Foreign Entities - Japan [Member] [Domain]  
Regulatory Requirements  
Net Capital $ 460,000
XML 37 R53.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation Vested RSUs (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period 4 years    
Common stock, shares issued 52,580,246 51,818,186  
Restricted Stock Units (RSUs) | Common stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Allocated Share-based Compensation Expense $ 42,721    
Stock Incentive Plan | Common stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Number of Shares Authorized 20,000,000.0    
Stock Incentive Plan | Restricted Stock Units (RSUs) | Common stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Common stock, shares issued 16,700,000    
Allocated Share-based Compensation Expense $ 4,443 $ 4,216 $ 3,957
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number of Shares [Roll Forward] [Roll Forward]      
Balance at Beginning of Period (shares) 45,000 42,000 34,000
Granted (shares) 22,000 15,000 16,000
Delivered (shares) (13,000) 12,000 8,000
Balance at End of Period (shares) 54,000 45,000 42,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value [Abstract] [Abstract]      
Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) $ 37.93 $ 36.98 $ 37.15
Granted, Weighted Average Grant Date Fair Value (usd per share) 50.29 38.29 38.14
Delivered, Weighted Average Grant Date Fair Value (usd per share) 37.61 34.95 40.03
Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) $ 44.06 $ 37.93 $ 36.98
Stock Incentive Plan | Vested Restricted Stock Units (RSUs) | Common stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Allocated Share-based Compensation Expense $ 614 $ 626 $ 618
XML 38 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows (Parenthetical) - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income taxes paid, net $ (37,036,000) $ (36,795,000) $ (57,726,000)
Restricted stock unit dividend equivalents, net of forfeitures 5,973,000 6,544,000 $ 3,356,000
The Cohen & Steers Preferred Securities and Income SMA Shares [Member]      
Transfer of redeemable noncontrolling interest in consolidated entity 7,181,000    
SICAV Preferred      
Transfer of redeemable noncontrolling interest in consolidated entity 114,192,000    
SICAV GRE      
Noncontrolling Interest, Increase from Business Combination $ 45,988,000    
Cohen & Steers Funds ICAV [Member]      
Transfer of redeemable noncontrolling interest in consolidated entity   $ 6,411,000  
XML 39 R1.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Document and Entity Information Document - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2019
Feb. 18, 2020
Jun. 30, 2019
Entity Information      
Document Type 10-K    
Document Annual Report true    
Document Transition Report false    
Document Period End Date Dec. 31, 2019    
Entity File Number 001-32236    
Entity Registrant Name COHEN & STEERS, INC.    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 14-1904657    
Entity Address, Address Line One 280 Park Avenue    
Entity Address, City or Town New York    
Entity Address, State or Province NY    
Entity Address, Postal Zip Code 10017    
City Area Code 212    
Local Phone Number 832-3232    
Title of 12(b) Security Common Stock, $.01 par value    
Trading Symbol CNS    
Security Exchange Name NYSE    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Entity Shell Company false    
Entity Public Float     $ 1.2
Entity Common Stock, Shares Outstanding   47,756,099  
Entity Central Index Key 0001284812    
Current Fiscal Year End Date --12-31    
Document Fiscal Year Focus 2019    
Document Fiscal Period Focus FY    
Amendment Flag false    
XML 40 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net income $ 146,984 $ 109,522 $ 92,486
Less: Net (income) loss attributable to redeemable noncontrolling interest (12,363) 4,374 (547)
Net income attributable to common stockholders 134,621 113,896 91,939
Other comprehensive income (loss), net of tax:      
Foreign currency translation income (loss) 997 (2,557) 2,064
Net unrealized gain (loss) from available-for-sale investments [1] 0 0 497
Reclassification to statements of operations of realized (gain) loss from available-for-sale investments 0 0 (347)
Other comprehensive income (loss) 997 (2,557) 2,214
Total comprehensive income attributable to common stockholders $ 135,618 $ 111,339 $ 94,153
[1]
Due to the adoption and application of the amendments to the financial instruments accounting standard on January 1, 2018, realized and unrealized gains (losses) from equity investments at fair value are recognized through earnings rather than through other comprehensive income.
XML 42 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Summary of Investment Holdings
The following table summarizes the Company’s investments:
(in thousands)
December 31, 2019
 
December 31, 2018
Equity investments at fair value
$
89,872

 
$
66,795

Trading
14,980

 
108,363

Held-to-maturity carried at amortized cost (1)
49,807

 
49,748

Equity method
554

 
26

Total investments
$
155,213

 
$
224,932


_________________________
(1)
Held-to-maturity investments had a fair value of $50.0 million and $49.8 million at December 31, 2019 and 2018, respectively. Original maturities ranged from 12 to 24 months at December 31, 2019 and 6 to 24 months at December 31, 2018.

The Company seeded two new funds for the year ended December 31, 2019 and one new fund for the year ended December 31, 2018.
Gain (Loss) on Investments
The following tables summarize gain (loss)—net from investments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
Net realized gains (losses) during the period
$
12,227

 
$
(1,486
)
Net unrealized gains (losses) during the period on investments
still held at the end of the period
9,446

 
(12,778
)
Gain (loss) from investments—net (1)
$
21,673

 
$
(14,264
)
_________________________
(1)
Included net income (loss) attributable to redeemable noncontrolling interests.
(in thousands)
Year Ended December 31, 2017
Gain (loss) from trading investments—net (1)
$
1,915

Equity in earnings (losses) of affiliates—net
(242
)
Gain (loss) from available-for-sale investments—net
347

Gain (loss) from investments—net
$
2,020

_________________________
(1)    Included net income (loss) attributable to redeemable noncontrolling interests.
Schedule of Variable Interest Entities
At December 31, 2019, the Company's consolidated VIEs included the Cohen & Steers SICAV Global Listed Infrastructure Fund (GLI SICAV), the Cohen & Steers Co-Investment Partnership, L.P. (GRP-CIP), SICAV GRE and the Cohen & Steers SICAV Diversified Real Assets Fund (SICAV RAP). At December 31, 2018, the Company's consolidated VIEs included GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP.
The following tables summarize the consolidated statements of financial condition attributable to the Company's consolidated VIEs:
 
December 31, 2019
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV GRE
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
7,048

 
$
337

 
$
45,468

 
$
29,976

 
$
82,829

Due from brokers
264

 
203

 
663

 
613

 
1,743

Other assets
92

 
—

 
681

 
268

 
1,041

Total assets
$
7,404

 
$
540

 
$
46,812

 
$
30,857

 
$
85,613

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
45

 
$
—

 
$
92

 
$
229

 
$
366

Other liabilities and accrued expenses
100

 
5

 
466

 
213

 
784

Total liabilities
$
145

 
$
5

 
$
558

 
$
442

 
$
1,150


 
December 31, 2018
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV Preferred
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
5,704

 
$
550

 
$
120,930

 
$
8,929

 
$
136,113

Due from brokers
49

 
103

 
10,868

 
167

 
11,187

Other assets
171

 
—

 
2,136

 
297

 
2,604

Total assets
$
5,924

 
$
653

 
$
133,934

 
$
9,393

 
$
149,904

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
—

 
$
—

 
$
4,398

 
$
24

 
$
4,422

Other liabilities and accrued expenses
74

 
5

 
212

 
149

 
440

Total liabilities
$
74

 
$
5

 
$
4,610

 
$
173

 
$
4,862


_________________________
(1)
The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.
XML 43 R36.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles income and share data used in the basic and diluted earnings per share computations:
 
Years Ended December 31,
(in thousands, except per share data)
2019
 
2018
 
2017
Net income
$
146,984

 
$
109,522

 
$
92,486

Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

Basic weighted average shares outstanding
47,273

 
46,794

 
46,353

Dilutive potential shares from restricted stock units
1,024

 
587

 
626

Diluted weighted average shares outstanding
48,297

 
47,381

 
46,979

 
 
 
 
 
 
Basic earnings per share attributable to common stockholders
$
2.85

 
$
2.43

 
$
1.98

Diluted earnings per share attributable to common stockholders
$
2.79

 
$
2.40

 
$
1.96
XML 44 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
401(k) and Profit-Sharing Plan
 12 Months Ended
Dec. 31, 2019
Compensation Related Costs [Abstract]  
401 (k) and Profit-Sharing Plan 401(k) and Profit-Sharing Plan
The Company sponsors a profit-sharing plan (the Plan) covering all employees who meet certain age and service requirements. Subject to limitations, the Plan permits participants to defer up to 100% of their eligible compensation pursuant to Section 401(k) of the Internal Revenue Code. Employee contributions are matched by the Company at $0.50 per $1.00 deferred. The Plan also allows the Company to make discretionary contributions, which are integrated with the taxable wage base under the Social Security Act. No discretionary contributions were made for the years ended December 31, 2019, 2018 and 2017.
Forfeitures occur when participants terminate employment before becoming entitled to their full benefits under the Plan. In accordance with the Plan document, forfeited amounts are used to reduce the Company’s contributions to the Plan or to pay Plan expenses. Forfeitures for the years ended December 31, 2019, 2018 and 2017 totaled approximately $131,000, $101,000 and $128,000, respectively.
Matching contributions, net of forfeitures, to the Plan for the years ended December 31, 2019, 2018 and 2017 totaled approximately $2,057,000, $1,770,000 and $1,715,000, respectively.
XML 45 R15.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivatives
 12 Months Ended
Dec. 31, 2019
Derivatives [Abstract]  
Derivatives Derivatives
The following tables summarize the notional amount and fair value of the derivative financial instruments that are not designated in a formal hedging relationship.
 
As of December 31, 2019
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
14,394

 
$
4,623

 
$
570

 
$
339

Commodity swap
—

 
8,909

 
—

 
173

Foreign exchange
—

 
10,787

 
74

 
44

 
$
14,394

 
$
24,319

 
$
644

 
$
556


 
As of December 31, 2018
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
19,361

 
$
3,434

 
$
486

 
$
2,181

Commodity swap
—

 
8,761

 
739

 
—

Foreign exchange
—

 
10,996

 
—

 
205

 
$
19,361

 
$
23,191

 
$
1,225

 
$
2,386


________________________
(1)    The fair value of the derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the
Company's consolidated statements of financial condition.
The Company's exposure to commodity futures is based on seed capital investments. Commodity swap contracts are utilized to economically hedge and reduce the overall risk of the Company's market exposure to these investments. The Company enters into foreign exchange contacts to economically hedge currency exposure arising from certain non-U.S. dollar investment advisory fees.
Cash included in due from brokers of approximately $2,002,000 on the consolidated statement of financial condition at December 31, 2018 was held as collateral for futures contracts. Investments of approximately $1,713,000 and $1,807,000 on the consolidated statement of financial condition at December 31, 2019 and 2018, respectively, were held as collateral for futures contracts.
The following table summarizes net gains (losses) from derivative financial instruments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Commodity futures
$
881

 
$
(2,093
)
 
$
(438
)
Commodity swap
(485
)
 
739

 
—

Foreign exchange
235

 
(141
)
 
(1,481
)
Total (1)
$
631

 
$
(1,495
)
 
$
(1,919
)
________________________
(1)    Gains and losses on the derivative financial instruments are recorded as gain (loss) from investments—net in the Company's
consolidated statements of operations.
XML 46 R11.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Recently Adopted Accounting Pronouncements—In February 2018, the Financial Accounting Standards Board (FASB) issued new guidance allowing entities to reclassify certain tax effects related to the enactment of the Tax Cuts and Jobs Act (the Tax Act) from accumulated other comprehensive income (AOCI) to retained earnings. Prior to the issuance of the new guidance, a portion of the previously recognized deferred tax effects recorded in AOCI was "left stranded" in AOCI as the effect of remeasuring the deferred taxes using the reduced federal corporate income tax rate was required to be recorded through income. The new guidance allows these stranded tax effects to be reclassified from AOCI to retained earnings. The new guidance became effective on January 1, 2019 and the Company adopted the standard using the prospective application. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In August 2017, the FASB issued new guidance amending the accounting for hedging activities. The new guidance (i) expands hedge accounting for nonfinancial and financial risk components and amends measurement methodologies to more closely align hedge accounting with an entity's risk management activities, (ii) decreases the complexity of preparing and understanding hedge results through eliminating the separate measurement and reporting of hedge ineffectiveness, (iii) enhances transparency, comparability and understandability of hedge results through enhanced disclosures and changing the presentation of hedge results to align the effects of the hedging instrument and the hedged item and (iv) reduces the cost and complexity of applying hedge accounting by simplifying the manner in which assessments of hedge effectiveness may be performed. The new guidance became effective on January 1, 2019. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In February 2016, the FASB issued guidance introducing a new lease model which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new guidance establishes a right-of-use (ROU) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. This new guidance became effective on January 1, 2019 and the Company adopted the standard, along with certain allowable practical expedients, using the modified retrospective transition approach, which required the recasting of prior period amounts.
The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:
(in thousands)
Previously Reported
 
Adjustments
Due to New Leasing Standard to record ROU assets and lease liabilities
 
Reclassification of Deferred Rent
 
Recast
Operating lease right-of-use assets
$
—

 
$
54,304

 
$
(5,816
)
 
$
48,488

Operating lease liabilities
$
—

 
$
54,304

 
$
—

 
$
54,304

Deferred rent
$
5,816

 
$
—

 
$
(5,816
)
 
$
—


The adoption of the new standard had no material impact on the Company's other consolidated financial statements. Refer to Note 12 for further discussion.
Accounting Estimates—The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.
Reclassifications—The Company reclassified certain prior period amounts in the consolidated financial statements to conform with the current period presentation.
Consolidation of Company-sponsored Funds—Investments in Company-sponsored funds and management fees are evaluated at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the Variable Interest Entity (VIE) model or the Voting Interest Entity (VOE) model. In performing this analysis, all of the Company’s management fees are presumed to be commensurate and at market and are therefore not considered variable interests.
A VIE is an entity in which either (i) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (ii) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has (i) the power to direct the activities of the VIE that most significantly affect its performance, and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. Investments and redemptions or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. The Company assesses whether it is the primary beneficiary of any VIEs identified by evaluating its economic interests in the entity held either directly by the Company and its affiliates or indirectly through employees. VIEs for which the Company is deemed to be the primary beneficiary are consolidated.
Investments in Company-sponsored funds that are determined to be VOEs are consolidated when the Company’s ownership interest is greater than 50% of the outstanding voting interests of the fund or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights in the fund.
The Company records noncontrolling interests in consolidated funds for which the Company’s ownership is less than 100%.
Cash and Cash Equivalents—Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less.
Due from/to Brokers—Company-sponsored funds that are consolidated transact with brokers for certain investment activities. The clearing and custody operations for these investment activities are performed pursuant to contractual agreements. The due from/to brokers balance represents cash and cash equivalents balances at brokers/custodians and/or receivables and payables for unsettled securities transactions.
Investments—Management of the Company determines the appropriate classification of its investments at the time of purchase and re-evaluates such determination no less than on a quarterly basis. At December 31, 2019, the Company's investments were comprised of the following:
•
Equity investments at fair value, which includes equity securities held within the affiliated funds that the Company consolidates, individual equity securities held directly for the purposes of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence.
•
Trading investments, which represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purposes of establishing performance track records.
•
Held-to-maturity investments, which represent fixed income securities recorded at amortized cost. The Company periodically reviews held-to-maturity investments for other-than-temporary impairments (OTTI). If the Company believes an OTTI exists, an impairment charge will be recognized in the Company’s consolidated statements of operations.
•
Equity method investments, which represent seed investments in affiliated funds in which the Company owns between 20-50% of the outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments. When using the equity method, the Company recognizes its respective share of the affiliated investee fund net income or loss for the period which is recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.
Realized and unrealized gains and losses on equity investments at fair value, trading investments and equity method investments are recorded in gain (loss) from investments—net in the Company's consolidated statements of operations.
From time to time, the Company, including the affiliated funds consolidated by the Company, enters into derivative contracts to gain exposure to the underlying commodities markets or to hedge market and credit risks of the underlying portfolios, including options, futures and swaps contracts. Gains and losses on derivative contracts are recorded as gain (loss) from investments—net in the Company's consolidated statements of operations. The fair values of these instruments are recorded in other assets or other liabilities and accrued expenses on the Company's consolidated statements of financial condition. At December 31, 2019, none of the outstanding derivative contracts were subject to a master netting agreement or other similar arrangement.
Additionally, from time to time, the Company, including the affiliated funds consolidated by the Company, enters into foreign exchange contracts to hedge its currency exposure. These instruments are measured at fair value based on the prevailing forward exchange rate with gains and losses recorded in foreign currency gain (loss)—net in the Company’s consolidated statements of operations. The fair values of these contracts are recorded in other assets or other liabilities and accrued expenses on the Company’s consolidated statements of financial condition.
Leases—The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and operating lease liabilities on the Company’s consolidated statements of financial condition.
ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent obligations to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the net present value of lease payments over the lease term. The majority of the Company’s lease agreements do not provide an implicit rate. As a result, the Company used an implied incremental borrowing rate based on the information available at lease commencement dates in determining the present value of lease payments. The Company estimates the incremental borrowing rate based on its estimated credit rating and other available market information. The operating lease ROU asset reflects any upfront lease payments made as well as lease incentives received. The lease terms may include options to extend or terminate the lease and these are factored into the determination of the ROU asset and lease liability at lease inception when and if it is reasonably certain that the Company will exercise that option. Lease expense for fixed lease payments is recognized on a straight-line basis over the lease term.
The Company has certain lease agreements with non-lease components such as maintenance and executory costs, which are accounted for separately and not included in ROU assets.
Goodwill and Intangible Assets—Goodwill represents the excess of the cost of the Company’s investment in the net assets of an acquired company over the fair value of the underlying identifiable net assets at the date of acquisition. Goodwill and indefinite-lived intangible assets are not amortized but are tested at least annually for impairment by comparing the fair value to their carrying amounts.
Redeemable Noncontrolling Interests—Redeemable noncontrolling interests represent third-party interests in the affiliated funds that the Company consolidates. These interests are redeemable at the option of the investors and therefore are not treated as permanent equity. Redeemable noncontrolling interest is remeasured at redemption value which approximates the fair value at each reporting period.
Investment Advisory and Administration Fees—The Company earns revenue by providing asset management services to institutional accounts, Company-sponsored open-end and closed-end funds as well as model-based portfolios. Investment advisory fees are earned pursuant to the terms of investment management agreements and are based on a contractual fee rate applied to the average assets in the portfolio. The Company also earns administration fees from certain Company-sponsored open-end and closed-end funds pursuant to the terms of underlying administration contracts. Administration fees are based on the average assets under management of such funds. Investment advisory and administration fee revenue is recognized when earned and is recorded net of any fund reimbursements. The investment advisory and administration contracts each include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Additionally, investment advisory and administration fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
In certain instances, the Company may earn performance fees when certain specified performance hurdles are met during the performance period. Performance fees represent variable consideration and are recognized when no longer subject to significant risk of reversal.
Distribution and Service Fee Revenue—Distribution and service fee revenue is based on the average daily net assets of certain share classes of the Company’s sponsored open-end funds distributed by CSS. Distribution and service fee revenue is earned daily and is generally recorded gross of any third-party distribution and service fee expense for applicable share classes.
Distribution fee agreements include a single performance obligation that is satisfied at a point in time when an investor purchases shares in a Company-sponsored open-end fund. Distribution fees represent variable consideration, as fees are based on average assets under management which fluctuate daily. For all periods presented, a portion of the distribution fee revenue recognized in the period may relate to performance obligations satisfied (or partially satisfied) in prior periods. Service fee agreements include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Service fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
Distribution and Service Fee Expense—Distribution and service fee expense includes distribution fees, shareholder servicing fees and intermediary assistance payments. Distribution and service fee expense is recorded on an accrual basis.
Distribution fees represent payments made to qualified intermediaries for (i) assistance in connection with the distribution of the Company’s sponsored open-end funds’ shares and (ii) for other expenses such as advertising, printing and distribution of prospectuses to investors. Such amounts may also be used to pay financial intermediaries for services as specified in the terms of written agreements complying with Rule 12b-1 of the Investment Company Act of 1940 (Rule 12b-1). Distribution fees are based on the average daily net assets under management of certain share classes of certain of the funds.
Shareholder servicing fees represent payments made to qualified intermediaries for shareholder account service and maintenance. These services are provided pursuant to written agreements with such qualified institutions. Shareholder servicing fees are generally based on the average assets under management or the number of accounts being serviced.
Intermediary assistance payments represent payments to qualified intermediaries for activities related to distribution, shareholder servicing and marketing and support of the Company’s sponsored open-end funds and are incremental to those described above. Intermediary assistance payments are generally based on the average assets under management or the number of accounts being serviced.
Stock-based Compensation—The Company recognizes compensation expense for the grant-date fair value of awards of equity instruments to employees. This expense is recognized over the period during which employees are required to provide service. Forfeitures are recorded as incurred.
Income Taxes—The Company records the current and deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years at tax rates that are expected to apply in those years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years at tax rates that are expected to apply in those years. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, on the basis of the technical merits. The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes in the consolidated statements of operations.
Currency Translation and Transactions—Assets and liabilities of subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the applicable consolidated statement of financial condition date. Revenue and expenses of such subsidiaries are translated at average exchange rates during the period. The gains or losses resulting from translating non-U.S. dollar functional currency into U.S. dollars are included in the Company’s consolidated statements of comprehensive income. The cumulative translation adjustment was $(6,326,000), $(7,323,000) and $(4,766,000) as of December 31, 2019, 2018 and 2017, respectively. Gains or losses resulting from transactions denominated in currencies other than the U.S. dollar held by certain foreign subsidiaries are included in non-operating income (loss) in the consolidated statements of operations. Gains and losses arising on revaluation of U.S. dollar-denominated assets and liabilities held by foreign subsidiaries are also included in non-operating income (loss) in the Company’s consolidated statements of operations.
Comprehensive Income—The Company reports all changes in comprehensive income in the consolidated statements of comprehensive income. Comprehensive income generally includes net income or loss attributable to common stockholders and amounts attributable to foreign currency translation gain (loss), net of tax.
Recently Issued Accounting Pronouncements—In January 2017, the FASB issued guidance to simplify the goodwill impairment test by removing the requirement to perform a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This new guidance was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.
In June 2016, the FASB issued new guidance on the measurement of credit losses on financial instruments. The guidance replaces the incurred loss impairment model with a current expected credit loss (CECL) model. CECL requires a company to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. The guidance must be applied using the modified retrospective adoption method and was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.
XML 47 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unadudited) Selected Quarterly Financial Data (unaudited)
The following table presents selected quarterly financial data:
 
Quarter
(in thousands, except per share data)
1st
2nd
3rd
4th
Total
2019
 
 
 
 
 
Revenue
$
94,226

$
101,792

$
104,965

$
109,847

$
410,830

Operating income
35,435

38,104

40,133

46,462

160,134

Net income attributable to common stockholders
32,543

31,333

34,017

36,728

134,621

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.69

0.66

0.72

0.78

2.85

Diluted
0.68

0.65

0.70

0.75

2.79

Weighted-average shares outstanding:
 

 

 

 

 

Basic
47,146

47,304

47,316

47,324

47,273

Diluted
47,642

48,175

48,412

48,703

48,297

 
 
 
 
 
 
2018
 

 

 

 

 

Revenue
$
94,464

$
94,410

$
98,331

$
93,906

$
381,111

Operating income
37,219

36,287

39,223

34,309

147,038

Net income attributable to common stockholders
27,586

29,959

30,790

25,561

113,896

Earnings per share attributable to common stockholders:
 

 

 

 

 

Basic
0.59

0.64

0.66

0.55

2.43

Diluted
0.59

0.63

0.65

0.54

2.40

Weighted-average shares outstanding:
 

 

 

 

 

Basic
46,683

46,819

46,830

46,842

46,794

Diluted
47,152

47,311

47,524

47,562

47,381
XML 48 R23.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill and intangible assets:
(in thousands)
Goodwill
 
Finite-Lived Intangible
Assets
 
Indefinite-Lived
Intangible Assets
Balance at January 1, 2018
$
19,034

 
$
95

 
$
1,250

Currency revaluation
(533
)
 
—

 
—

Amortization
N/A

 
(95
)
 
N/A

Balance at December 31, 2018
$
18,501

 
$
—

 
$
1,250

Currency revaluation
(191
)
 
—

 
—

Amortization
N/A

 
—

 
N/A

Balance at December 31, 2019
$
18,310

 
$
—

 
$
1,250

 
The following table summarizes the Company’s intangible assets:
(in thousands)
Remaining
Amortization
Period
(in months)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Intangible
Assets, Net
2019
 
 
 
 
 
 
 
Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
$
1,250

 
$
—

 
$
1,250

2018
 
 
 
 
 
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
Client relationships
—
 
$
1,543

 
$
(1,543
)
 
$
—

Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
1,250

 
—

 
1,250

Total
 
 
$
2,793

 
$
(1,543
)
 
$
1,250



Amortization expense related to the intangible assets was approximately $95,000 and $89,000 for the years ended December 31, 2018 and 2017, respectively.
XML 50 R69.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]      
U.S. statutory tax rate 21.00% 21.00% 35.00%
State and local income taxes, net of federal income taxes 3.40% 3.80% 3.10%
Unrecognized tax benefits adjustments (1.00%) (1.00%) (1.90%)
Foreign operations tax differential (0.50%) 0.30% (1.40%)
Non-deductible (gains) losses on investments (1.60%) 0.20% 0.20%
Non-taxable (gains) losses on investments 0.90% 0.10% (0.20%)
Tax Act 0.00% (0.10%) 8.00%
Other 1.00% (1.20%) (0.30%)
Effective income tax rate 23.20% 23.10% 42.50%
XML 51 R65.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases - Schedule of Operating Leases, Other Information (Details)
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Leases [Abstract]      
Weighted-average remaining lease term (years) 4 years 5 years 6 years
Weighted-average discount rate 2.80% 2.80% 2.80%
XML 52 R61.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]      
Amortization expense related to intangible assets $ 0 $ 95,000 $ 89,000
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Concentration of Credit Risk (Tables)
 12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
The following affiliated funds and third-party institutional separate account subadvisory relationship, which is comprised of multiple accounts, provided 10% or more of the total revenue of the Company:
 
Years Ended December 31,
(in thousands, except percentages)
2019
 
2018
 
2017
Cohen & Steers Preferred Securities and Income Fund, Inc. (CPX):
 
 
 
 
 
Investment advisory and administration fees
$
56,638

 
$
53,059

 
$
53,594

Distribution and service fees
12,753

 
13,525

 
14,744

Total
$
69,391

 
$
66,584

 
$
68,338

Percent of total revenue
16.9
%
 
17.5
%
 
18.0
%
 
 
 
 
 
 
Cohen & Steers Real Estate Securities Fund, Inc. (CSI):
 
 
 
 
 
Investment advisory and administration fees
$
41,971

 
$
31,759

 
$
27,033

Distribution and service fees
8,128

 
6,841

 
7,662

Total
$
50,099

 
$
38,600

 
$
34,695

Percent of total revenue
12.2
%
 
10.1
%
 
9.2
%
 
 
 
 
 
 
Cohen & Steers Realty Shares, Inc. (CSR):
 
 
 
 
 
Investment advisory and administration fees
$
32,884

 
$
33,827

 
$
38,392

Distribution and service fees
4,079

 
4,032

 
4,602

Total
$
36,963

 
$
37,859

 
$
42,994

Percent of total revenue
9.0
%
 
9.9
%
 
11.4
%
 
 
 
 
 
 
Daiwa Asset Management:
 
 
 
 
 
Investment advisory fees
$
31,957

 
$
33,454

 
$
40,791

Percent of total revenue
7.8
%
 
8.8
%
 
10.8
%
XML 54 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 55 R46.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Disaggregation of Revenue [Line Items]      
Total revenue $ 410,830 $ 381,111 $ 378,696
North America      
Disaggregation of Revenue [Line Items]      
Total revenue 352,629 322,964 314,021
Japan      
Disaggregation of Revenue [Line Items]      
Total revenue 33,967 35,283 42,303
Asia Pacific, excluding Japan      
Disaggregation of Revenue [Line Items]      
Total revenue 13,147 12,493 11,496
Europe, Middle East and Africa      
Disaggregation of Revenue [Line Items]      
Total revenue 11,087 10,371 10,876
Distribution and service fees      
Disaggregation of Revenue [Line Items]      
Total revenue 30,048 29,090 30,747
Open-end funds      
Disaggregation of Revenue [Line Items]      
Total revenue 217,778 197,363 193,348
Closed-end funds      
Disaggregation of Revenue [Line Items]      
Total revenue 80,502 77,270 78,670
Institutional accounts      
Disaggregation of Revenue [Line Items]      
Total revenue 110,346 104,327 103,629
Other (2)      
Disaggregation of Revenue [Line Items]      
Total revenue $ 2,204 $ 2,151 $ 3,049
XML 56 R55.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
401(k) and Profit-Sharing Plan (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]      
Employer Matching Contribution, Percent of Match 50.00%    
The Plan      
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]      
Maximum Employee Subscription Rate 100.00%    
Forfeitures during period $ 131 $ 101 $ 128
Employer matching contributions 2,057 $ 1,770 $ 1,715
Common stock | Restricted Stock Units (RSUs)      
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]      
Allocated Share-based Compensation Expense $ 42,721    
XML 57 R51.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property and Equipment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Property and Equipment [Line Items]      
Depreciation and amortization $ 4,396 $ 4,378 $ 4,229
Property and equipment, gross 45,638 42,853  
Accumulated depreciation and amortization (33,152) (28,747)  
Property and equipment, net $ 12,486 14,106  
Minimum      
Property and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 3 years    
Maximum      
Property and Equipment [Line Items]      
Property, Plant and Equipment, Useful Life 7 years    
Equipment      
Property and Equipment [Line Items]      
Property and equipment, gross $ 5,951 5,590  
Furniture and fixtures      
Property and Equipment [Line Items]      
Property and equipment, gross 3,651 3,644  
Software      
Property and Equipment [Line Items]      
Property and equipment, gross 19,988 17,591  
Leasehold improvements      
Property and Equipment [Line Items]      
Property and equipment, gross $ 16,048 $ 16,028  
XML 58 R59.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details) - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Goodwill      
Beginning balance $ 18,501,000 $ 19,034,000  
Currency revaluation (191,000) (533,000)  
Ending balance 18,310,000 18,501,000 $ 19,034,000
Finite-Lived Intangible Assets      
Finite-lived intangible assets, gross   2,793,000 95,000
Amortization 0 95,000 89,000
Finite-Lived Intangible Assets 0 0  
Indefinite-Lived Intangible Assets      
Fund management contracts $ 1,250,000 $ 1,250,000 $ 1,250,000
XML 59 R3.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Financial Condition (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized 500,000,000 500,000,000
Common stock, shares issued 52,580,246 51,818,186
Treasury stock, shares 5,329,820 5,050,285
Investments [1] $ 155,213 $ 224,932
Due from brokers [1] 1,743 14,240
Other assets [1] 7,433 9,208
Due to brokers [1] 366 5,121
Other liabilities and accrued expenses [1] 13,972 13,935
Investments    
Trading investment and held as collateral 1,713 1,807
GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member]    
Investments 82,829  
Due from brokers 1,743  
Other assets 1,041  
Due to brokers 366  
Other liabilities and accrued expenses $ 784  
GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member]    
Investments   136,113
Due from brokers   11,187
Other assets   2,604
Due to brokers   4,422
Other liabilities and accrued expenses   $ 440
[1]
Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.
XML 60 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dividends declared per share $ 3.44 $ 3.82 $ 2.12
XML 61 R72.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Selected Quarterly Financial Data (unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]                      
Revenues $ 109,847 $ 104,965 $ 101,792 $ 94,226 $ 93,906 $ 98,331 $ 94,410 $ 94,464 $ 410,830 $ 381,111  
Operating income (loss) 46,462 40,133 38,104 35,435 34,309 39,223 36,287 37,219 160,134 147,038 $ 154,746
Net income attributable to common stockholders $ 36,728 $ 34,017 $ 31,333 $ 32,543 $ 25,561 $ 30,790 $ 29,959 $ 27,586 $ 134,621 $ 113,896 $ 91,939
Earnings per share attributable to common stockholders:                      
Basic (in dollars per share) $ 0.78 $ 0.72 $ 0.66 $ 0.69 $ 0.55 $ 0.66 $ 0.64 $ 0.59 $ 2.85 $ 2.43 $ 1.98
Diluted (in dollars per share) $ 0.75 $ 0.70 $ 0.65 $ 0.68 $ 0.54 $ 0.65 $ 0.63 $ 0.59 $ 2.79 $ 2.40 $ 1.96
Weighted-average shares outstanding:                      
Basic (shares) 47,324 47,316 47,304 47,146 46,842 46,830 46,819 46,683 47,273 46,794 46,353
Diluted (shares) 48,703 48,412 48,175 47,642 47,562 47,524 47,311 47,152 48,297 47,381 46,979
XML 62 R17.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Earnings Per Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic earnings per share is calculated by dividing net income attributable to common stockholders by the weighted average shares outstanding. Diluted earnings per share is calculated using the treasury stock method by dividing net income attributable to common stockholders by the total weighted average shares of common stock outstanding and common stock equivalents. Common stock equivalents are comprised of dilutive potential shares from restricted stock unit awards and are excluded from the computation if their effect is anti-dilutive.
There were no anti-dilutive common stock equivalents for either the years ended December 31, 2019, 2018 or 2017.
The following table reconciles income and share data used in the basic and diluted earnings per share computations:
 
Years Ended December 31,
(in thousands, except per share data)
2019
 
2018
 
2017
Net income
$
146,984

 
$
109,522

 
$
92,486

Less: Net (income) loss attributable to redeemable noncontrolling interests
(12,363
)
 
4,374

 
(547
)
Net income attributable to common stockholders
$
134,621

 
$
113,896

 
$
91,939

Basic weighted average shares outstanding
47,273

 
46,794

 
46,353

Dilutive potential shares from restricted stock units
1,024

 
587

 
626

Diluted weighted average shares outstanding
48,297

 
47,381

 
46,979

 
 
 
 
 
 
Basic earnings per share attributable to common stockholders
$
2.85

 
$
2.43

 
$
1.98

Diluted earnings per share attributable to common stockholders
$
2.79

 
$
2.40

 
$
1.96
XML 63 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments
 12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Investment Holdings Investments
The following table summarizes the Company’s investments:
(in thousands)
December 31, 2019
 
December 31, 2018
Equity investments at fair value
$
89,872

 
$
66,795

Trading
14,980

 
108,363

Held-to-maturity carried at amortized cost (1)
49,807

 
49,748

Equity method
554

 
26

Total investments
$
155,213

 
$
224,932


_________________________
(1)
Held-to-maturity investments had a fair value of $50.0 million and $49.8 million at December 31, 2019 and 2018, respectively. Original maturities ranged from 12 to 24 months at December 31, 2019 and 6 to 24 months at December 31, 2018.

The Company seeded two new funds for the year ended December 31, 2019 and one new fund for the year ended December 31, 2018.
The following tables summarize gain (loss)—net from investments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
Net realized gains (losses) during the period
$
12,227

 
$
(1,486
)
Net unrealized gains (losses) during the period on investments
still held at the end of the period
9,446

 
(12,778
)
Gain (loss) from investments—net (1)
$
21,673

 
$
(14,264
)
_________________________
(1)
Included net income (loss) attributable to redeemable noncontrolling interests.
(in thousands)
Year Ended December 31, 2017
Gain (loss) from trading investments—net (1)
$
1,915

Equity in earnings (losses) of affiliates—net
(242
)
Gain (loss) from available-for-sale investments—net
347

Gain (loss) from investments—net
$
2,020

_________________________
(1)    Included net income (loss) attributable to redeemable noncontrolling interests.
At December 31, 2019, the Company's consolidated VIEs included the Cohen & Steers SICAV Global Listed Infrastructure Fund (GLI SICAV), the Cohen & Steers Co-Investment Partnership, L.P. (GRP-CIP), SICAV GRE and the Cohen & Steers SICAV Diversified Real Assets Fund (SICAV RAP). At December 31, 2018, the Company's consolidated VIEs included GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP.
The following tables summarize the consolidated statements of financial condition attributable to the Company's consolidated VIEs:
 
December 31, 2019
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV GRE
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
7,048

 
$
337

 
$
45,468

 
$
29,976

 
$
82,829

Due from brokers
264

 
203

 
663

 
613

 
1,743

Other assets
92

 
—

 
681

 
268

 
1,041

Total assets
$
7,404

 
$
540

 
$
46,812

 
$
30,857

 
$
85,613

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
45

 
$
—

 
$
92

 
$
229

 
$
366

Other liabilities and accrued expenses
100

 
5

 
466

 
213

 
784

Total liabilities
$
145

 
$
5

 
$
558

 
$
442

 
$
1,150


 
December 31, 2018
(in thousands)
GLI SICAV
 
GRP-CIP
 
SICAV Preferred
 
SICAV RAP
 
Total
Assets (1)
 
 
 
 
 
 
 
 
 
Investments
$
5,704

 
$
550

 
$
120,930

 
$
8,929

 
$
136,113

Due from brokers
49

 
103

 
10,868

 
167

 
11,187

Other assets
171

 
—

 
2,136

 
297

 
2,604

Total assets
$
5,924

 
$
653

 
$
133,934

 
$
9,393

 
$
149,904

 
 
 
 
 
 
 
 
 
 
Liabilities (1)
 
 
 
 
 
 
 
 
 
Due to brokers
$
—

 
$
—

 
$
4,398

 
$
24

 
$
4,422

Other liabilities and accrued expenses
74

 
5

 
212

 
149

 
440

Total liabilities
$
74

 
$
5

 
$
4,610

 
$
173

 
$
4,862


_________________________
(1)
The assets may only be used to settle obligations of each VIE and the liabilities are the sole obligation of each VIE, for which creditors do not have recourse to the general credit of the Company.
XML 64 R38.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Proceeds from sales
$
37,326

 
$
10,872

 
$
15,105

Gross realized gains
241

 
28

 
80

Gross realized losses
(907
)
 
(4,448
)
 
—

Dividend income
52

 
481

 
675


The following table summarizes the amount of revenue the Company earned from these affiliated funds:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment advisory and administration fees (1)
$
264,116

 
$
241,255

 
$
236,832

Distribution and service fees
30,048

 
29,090

 
30,747

Total
$
294,164

 
$
270,345

 
$
267,579
XML 65 R30.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:
(in thousands)
Previously Reported
 
Adjustments
Due to New Leasing Standard to record ROU assets and lease liabilities
 
Reclassification of Deferred Rent
 
Recast
Operating lease right-of-use assets
$
—

 
$
54,304

 
$
(5,816
)
 
$
48,488

Operating lease liabilities
$
—

 
$
54,304

 
$
—

 
$
54,304

Deferred rent
$
5,816

 
$
—

 
$
(5,816
)
 
$
—
XML 66 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivatives (Tables)
 12 Months Ended
Dec. 31, 2019
Derivatives [Abstract]  
Schedule of Derivative Instruments
The following tables summarize the notional amount and fair value of the derivative financial instruments that are not designated in a formal hedging relationship.
 
As of December 31, 2019
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
14,394

 
$
4,623

 
$
570

 
$
339

Commodity swap
—

 
8,909

 
—

 
173

Foreign exchange
—

 
10,787

 
74

 
44

 
$
14,394

 
$
24,319

 
$
644

 
$
556


 
As of December 31, 2018
 
Notional Amount
 
Fair Value (1)
(in thousands)
Long
 
Short
 
Assets
 
Liabilities
Commodity futures
$
19,361

 
$
3,434

 
$
486

 
$
2,181

Commodity swap
—

 
8,761

 
739

 
—

Foreign exchange
—

 
10,996

 
—

 
205

 
$
19,361

 
$
23,191

 
$
1,225

 
$
2,386


________________________
(1)    The fair value of the derivative financial instruments is recorded in other assets and other liabilities and accrued expenses on the
Company's consolidated statements of financial condition.
Gains (Losses) on Derivatives
The following table summarizes net gains (losses) from derivative financial instruments:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Commodity futures
$
881

 
$
(2,093
)
 
$
(438
)
Commodity swap
(485
)
 
739

 
—

Foreign exchange
235

 
(141
)
 
(1,481
)
Total (1)
$
631

 
$
(1,495
)
 
$
(1,919
)
________________________
(1)    Gains and losses on the derivative financial instruments are recorded as gain (loss) from investments—net in the Company's
consolidated statements of operations.
XML 67 R25.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Leases Leases

The Company has operating leases for corporate offices and certain information technology equipment.
The following table summarizes the Company's lease cost included in general and administrative expense in the consolidated statements of operations:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Operating lease cost
$
11,495

 
$
11,552

 
$
11,334


Supplemental cash flow information related to operating leases is summarized below:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Cash paid for amounts included in the measurement of lease liabilities
$
12,365

 
$
11,709

 
$
11,579

Right-of-use assets obtained in exchange for new lease liabilities
—

 
614

 
—


Other information related to operating leases is summarized below:
 
Years Ended December 31,
 
2019
 
2018
 
2017
Weighted-average remaining lease term (years)
4

 
5

 
6

Weighted-average discount rate
2.8
%
 
2.8
%
 
2.8
%

The following table summarizes the maturities of lease liabilities at December 31, 2019 (in thousands):
Year Ending December 31,
Operating Leases
2020
$
11,933

2021
11,184

2022
10,882

2023
10,855

2024
963

Total remaining undiscounted lease payments
45,817

Less: imputed interest
2,468

Total remaining discounted lease payments
$
43,349
XML 68 R21.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Regulatory Requirements
 12 Months Ended
Dec. 31, 2019
Regulatory Capital Requirements [Abstract]  
Regulatory Requirements Regulatory Requirements
CSS, a registered broker-dealer in the U.S., is subject to the SEC’s Uniform Net Capital Rule 15c3-1 (the Rule), which requires that broker-dealers maintain a minimum level of net capital, as prescribed by the Rule. At December 31, 2019, CSS had net capital of approximately $3.5 million, which exceeded its requirements by approximately $3.3 million. The Rule also provides that equity capital may not be withdrawn or cash dividends paid if the resulting net capital of a broker-dealer is less than the amount required under the Rule and requires prior notice to the SEC for certain withdrawals of capital. CSS does not carry customer accounts and is exempt from SEC Rule 15c3-3 pursuant to provisions (k)(1) and (k)(2)(i) of such rule. During 2019, the Company made a capital contribution of $3.0 million to CSS.
CSAL is subject to regulation by the Hong Kong Securities and Futures Commission. At December 31, 2019, CSAL had regulatory capital of approximately $10.4 million, which exceeded its minimum regulatory capital requirement by approximately $10.0 million. During 2019, CSAL paid dividends totalling $32.5 million to its parent, CSCM.
CSUK is subject to regulation by the United Kingdom Financial Conduct Authority. At December 31, 2019, CSUK had regulatory capital of approximately $38.2 million, which exceeded its minimum regulatory capital requirement by approximately $32.5 million.
CSJL is registered with the Financial Services Agency of Japan and the Kanto Local Finance Bureau and is subject to the Financial Instruments and Exchange Act. In accordance with its license, CSJL is required to maintain regulatory capital, as defined, of approximately $460,000. At December 31, 2019, CSJL had stated capital in excess of this requirement.
CSIL is an Irish registered company. The Company has applied for a license to conduct regulated business in Ireland.
XML 69 R29.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Recently Adopted Accounting Pronouncements
Recently Adopted Accounting Pronouncements—In February 2018, the Financial Accounting Standards Board (FASB) issued new guidance allowing entities to reclassify certain tax effects related to the enactment of the Tax Cuts and Jobs Act (the Tax Act) from accumulated other comprehensive income (AOCI) to retained earnings. Prior to the issuance of the new guidance, a portion of the previously recognized deferred tax effects recorded in AOCI was "left stranded" in AOCI as the effect of remeasuring the deferred taxes using the reduced federal corporate income tax rate was required to be recorded through income. The new guidance allows these stranded tax effects to be reclassified from AOCI to retained earnings. The new guidance became effective on January 1, 2019 and the Company adopted the standard using the prospective application. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In August 2017, the FASB issued new guidance amending the accounting for hedging activities. The new guidance (i) expands hedge accounting for nonfinancial and financial risk components and amends measurement methodologies to more closely align hedge accounting with an entity's risk management activities, (ii) decreases the complexity of preparing and understanding hedge results through eliminating the separate measurement and reporting of hedge ineffectiveness, (iii) enhances transparency, comparability and understandability of hedge results through enhanced disclosures and changing the presentation of hedge results to align the effects of the hedging instrument and the hedged item and (iv) reduces the cost and complexity of applying hedge accounting by simplifying the manner in which assessments of hedge effectiveness may be performed. The new guidance became effective on January 1, 2019. The Company's adoption of the new standard did not have a material effect on its consolidated financial statements and related disclosures.
In February 2016, the FASB issued guidance introducing a new lease model which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. The new guidance establishes a right-of-use (ROU) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. This new guidance became effective on January 1, 2019 and the Company adopted the standard, along with certain allowable practical expedients, using the modified retrospective transition approach, which required the recasting of prior period amounts.
The adoption of the new leasing standard resulted in the following changes to the Company's consolidated statement of financial condition as of December 31, 2018:
(in thousands)
Previously Reported
 
Adjustments
Due to New Leasing Standard to record ROU assets and lease liabilities
 
Reclassification of Deferred Rent
 
Recast
Operating lease right-of-use assets
$
—

 
$
54,304

 
$
(5,816
)
 
$
48,488

Operating lease liabilities
$
—

 
$
54,304

 
$
—

 
$
54,304

Deferred rent
$
5,816

 
$
—

 
$
(5,816
)
 
$
—


The adoption of the new standard had no material impact on the Company's other consolidated financial statements. Refer to Note 12 for further discussion.
Accounting Estimates
Accounting Estimates—The preparation of the consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes the estimates used in preparing the consolidated financial statements are reasonable and prudent. Actual results could differ from those estimates.
Reclassifications [Text Block]
Reclassifications—The Company reclassified certain prior period amounts in the consolidated financial statements to conform with the current period presentation.
Consolidation of Company-sponsored Funds
Consolidation of Company-sponsored Funds—Investments in Company-sponsored funds and management fees are evaluated at inception and thereafter, if there is a reconsideration event, in order to determine whether to apply the Variable Interest Entity (VIE) model or the Voting Interest Entity (VOE) model. In performing this analysis, all of the Company’s management fees are presumed to be commensurate and at market and are therefore not considered variable interests.
A VIE is an entity in which either (i) the equity investment at risk is not sufficient to permit the entity to finance its own activities without additional financial support or (ii) the group of holders of the equity investment at risk lack certain characteristics of a controlling financial interest. The primary beneficiary is the entity that has (i) the power to direct the activities of the VIE that most significantly affect its performance, and (ii) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. Investments and redemptions or amendments to the governing documents of the respective entities could affect an entity's status as a VIE or the determination of the primary beneficiary. The Company assesses whether it is the primary beneficiary of any VIEs identified by evaluating its economic interests in the entity held either directly by the Company and its affiliates or indirectly through employees. VIEs for which the Company is deemed to be the primary beneficiary are consolidated.
Investments in Company-sponsored funds that are determined to be VOEs are consolidated when the Company’s ownership interest is greater than 50% of the outstanding voting interests of the fund or when the Company is the general partner of the fund and the limited partners do not have substantive kick-out or participating rights in the fund.
The Company records noncontrolling interests in consolidated funds for which the Company’s ownership is less than 100%.
Cash and Cash Equivalents
Cash and Cash Equivalents—Cash and cash equivalents are on deposit with three major financial institutions and consist of short-term, highly-liquid investments, which are readily convertible into cash and have original maturities of three months or less.
Due from/to Brokers Due from/to Brokers—
Investments
Investments—Management of the Company determines the appropriate classification of its investments at the time of purchase and re-evaluates such determination no less than on a quarterly basis. At December 31, 2019, the Company's investments were comprised of the following:
•
Equity investments at fair value, which includes equity securities held within the affiliated funds that the Company consolidates, individual equity securities held directly for the purposes of establishing performance track records and seed investments in Company-sponsored open-end funds where the Company has neither control nor the ability to exercise significant influence.
•
Trading investments, which represent debt securities held within the affiliated funds that the Company consolidates and individual debt securities held directly for the purposes of establishing performance track records.
•
Held-to-maturity investments, which represent fixed income securities recorded at amortized cost. The Company periodically reviews held-to-maturity investments for other-than-temporary impairments (OTTI). If the Company believes an OTTI exists, an impairment charge will be recognized in the Company’s consolidated statements of operations.
•
Equity method investments, which represent seed investments in affiliated funds in which the Company owns between 20-50% of the outstanding voting interests in the affiliated fund or when it is determined that the Company is able to exercise significant influence but not control over the investments. When using the equity method, the Company recognizes its respective share of the affiliated investee fund net income or loss for the period which is recorded as gain (loss) from investments—net in the Company's consolidated statements of operations.
Realized and unrealized gains and losses on equity investments at fair value, trading investments and equity method investments are recorded in gain (loss) from investments—net in the Company's consolidated statements of operations.
From time to time, the Company, including the affiliated funds consolidated by the Company, enters into derivative contracts to gain exposure to the underlying commodities markets or to hedge market and credit risks of the underlying portfolios, including options, futures and swaps contracts. Gains and losses on derivative contracts are recorded as gain (loss) from investments—net in the Company's consolidated statements of operations. The fair values of these instruments are recorded in other assets or other liabilities and accrued expenses on the Company's consolidated statements of financial condition. At December 31, 2019, none of the outstanding derivative contracts were subject to a master netting agreement or other similar arrangement.
Goodwill and Intangible Assets
Goodwill and Intangible Assets—Goodwill represents the excess of the cost of the Company’s investment in the net assets of an acquired company over the fair value of the underlying identifiable net assets at the date of acquisition. Goodwill and indefinite-lived intangible assets are not amortized but are tested at least annually for impairment by comparing the fair value to their carrying amounts.
Redeemable Noncontrolling Interest
Redeemable Noncontrolling Interests—Redeemable noncontrolling interests represent third-party interests in the affiliated funds that the Company consolidates. These interests are redeemable at the option of the investors and therefore are not treated as permanent equity. Redeemable noncontrolling interest is remeasured at redemption value which approximates the fair value at each reporting period.
Investment Advisory and Administration Fees
Investment Advisory and Administration Fees—The Company earns revenue by providing asset management services to institutional accounts, Company-sponsored open-end and closed-end funds as well as model-based portfolios. Investment advisory fees are earned pursuant to the terms of investment management agreements and are based on a contractual fee rate applied to the average assets in the portfolio. The Company also earns administration fees from certain Company-sponsored open-end and closed-end funds pursuant to the terms of underlying administration contracts. Administration fees are based on the average assets under management of such funds. Investment advisory and administration fee revenue is recognized when earned and is recorded net of any fund reimbursements. The investment advisory and administration contracts each include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Additionally, investment advisory and administration fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
Distribution and Service Fee Revenue
Distribution and Service Fee Revenue—Distribution and service fee revenue is based on the average daily net assets of certain share classes of the Company’s sponsored open-end funds distributed by CSS. Distribution and service fee revenue is earned daily and is generally recorded gross of any third-party distribution and service fee expense for applicable share classes.
Distribution fee agreements include a single performance obligation that is satisfied at a point in time when an investor purchases shares in a Company-sponsored open-end fund. Distribution fees represent variable consideration, as fees are based on average assets under management which fluctuate daily. For all periods presented, a portion of the distribution fee revenue recognized in the period may relate to performance obligations satisfied (or partially satisfied) in prior periods. Service fee agreements include a single performance obligation as the services provided are not separately identifiable and are accounted for as a series satisfied over time using a time-based method (days elapsed). Service fees represent variable consideration, as fees are based on average assets under management which fluctuate daily.
Distribution and Service Fee Expense
Distribution and Service Fee Expense—Distribution and service fee expense includes distribution fees, shareholder servicing fees and intermediary assistance payments. Distribution and service fee expense is recorded on an accrual basis.
Distribution fees represent payments made to qualified intermediaries for (i) assistance in connection with the distribution of the Company’s sponsored open-end funds’ shares and (ii) for other expenses such as advertising, printing and distribution of prospectuses to investors. Such amounts may also be used to pay financial intermediaries for services as specified in the terms of written agreements complying with Rule 12b-1 of the Investment Company Act of 1940 (Rule 12b-1). Distribution fees are based on the average daily net assets under management of certain share classes of certain of the funds.
Shareholder servicing fees represent payments made to qualified intermediaries for shareholder account service and maintenance. These services are provided pursuant to written agreements with such qualified institutions. Shareholder servicing fees are generally based on the average assets under management or the number of accounts being serviced.
Intermediary assistance payments represent payments to qualified intermediaries for activities related to distribution, shareholder servicing and marketing and support of the Company’s sponsored open-end funds and are incremental to those described above. Intermediary assistance payments are generally based on the average assets under management or the number of accounts being serviced.
Stock-based Compensation Stock-based Compensation—The Company recognizes compensation expense for the grant-date fair value of awards of equity instruments to employees. This expense is recognized over the period during which employees are required to provide service. Forfeitures are recorded as incurred.
Income Taxes
Income Taxes—The Company records the current and deferred tax consequences of all transactions that have been recognized in the consolidated financial statements in accordance with the provisions of the enacted tax laws. Deferred tax assets are recognized for temporary differences that will result in deductible amounts in future years at tax rates that are expected to apply in those years. Deferred tax liabilities are recognized for temporary differences that will result in taxable income in future years at tax rates that are expected to apply in those years. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
The calculation of tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across the Company’s global operations. A tax benefit from an uncertain tax position may be recognized when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, on the basis of the technical merits. The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes in the consolidated statements of operations.
Currency Translation and Transactions
Currency Translation and Transactions—Assets and liabilities of subsidiaries having non-U.S. dollar functional currencies are translated at exchange rates at the applicable consolidated statement of financial condition date. Revenue and expenses of such subsidiaries are translated at average exchange rates during the period. The gains or losses resulting from translating non-U.S. dollar functional currency into U.S. dollars are included in the Company’s consolidated statements of comprehensive income. The cumulative translation adjustment was $(6,326,000), $(7,323,000) and $(4,766,000) as of December 31, 2019, 2018 and 2017, respectively. Gains or losses resulting from transactions denominated in currencies other than the U.S. dollar held by certain foreign subsidiaries are included in non-operating income (loss) in the consolidated statements of operations. Gains and losses arising on revaluation of U.S. dollar-denominated assets and liabilities held by foreign subsidiaries are also included in non-operating income (loss) in the Company’s consolidated statements of operations.
Comprehensive Income
Comprehensive Income—The Company reports all changes in comprehensive income in the consolidated statements of comprehensive income. Comprehensive income generally includes net income or loss attributable to common stockholders and amounts attributable to foreign currency translation gain (loss), net of tax.
Recently Issued Accounting Pronouncements
Recently Issued Accounting Pronouncements—In January 2017, the FASB issued guidance to simplify the goodwill impairment test by removing the requirement to perform a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. This new guidance was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.
In June 2016, the FASB issued new guidance on the measurement of credit losses on financial instruments. The guidance replaces the incurred loss impairment model with a current expected credit loss (CECL) model. CECL requires a company to estimate lifetime expected credit losses based on relevant information about historical events, current conditions and reasonable and supportable forecasts. The guidance must be applied using the modified retrospective adoption method and was effective January 1, 2020. The adoption of the new guidance is not expected to have a material effect on the consolidated financial statements and related disclosures.
Valuation Techniques
Valuation Techniques
In certain instances, debt, equity and preferred securities are valued on the basis of prices from an orderly transaction between market participants provided by reputable broker-dealers or independent pricing services. In determining the value of a particular investment, independent pricing services may use information with respect to transactions in such investments,
broker quotes, pricing matrices, market transactions in comparable investments and various relationships between investments. As part of its independent price verification process, the Company generally performs reviews of valuations provided by broker-dealers or independent pricing services. Investments in Company-sponsored funds are valued at their closing price or NAV (or its equivalent) as a practical expedient.
Foreign exchange contracts are valued based on the prevailing forward exchange rate, which is an input that is observable in active markets.
In the absence of observable market prices, the Company values its investments using valuation methodologies applied on a consistent basis. For some investments, little market activity may exist; management's determination of fair value is then based on the best information available in the circumstances, and may incorporate management's own assumptions and involves a significant degree of judgment, taking into consideration a combination of internal and external factors. Such investments are valued on a quarterly basis, taking into consideration any changes in key inputs and changes in economic and other relevant conditions, and valuation models are updated accordingly. The valuation process also includes a review by the Company's valuation committee which is comprised of senior members from various departments within the Company, including investment management. The valuation committee provides independent oversight of the valuation policies and procedures.
XML 70 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.3.a.u2 html 287 412 1 true 83 0 false 5 false false R1.htm 0001000 - Document - Document and Entity Information Document Sheet http://www.cohenandsteers.com/role/DocumentAndEntityInformationDocument Document and Entity Information Document Cover 1 false false R2.htm 1001000 - Statement - Consolidated Statements of Financial Condition Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialCondition Consolidated Statements of Financial Condition Statements 2 false false R3.htm 1001001 - Statement - Consolidated Statements of Financial Condition (Parenthetical) Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfFinancialConditionParenthetical Consolidated Statements of Financial Condition (Parenthetical) Statements 3 false false R4.htm 1002000 - Statement - Consolidated Statements of Operations Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 1003000 - Statement - Consolidated Statements of Comprehensive Income Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 5 false false R6.htm 1004000 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterest Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest Statements 6 false false R7.htm 1004001 - Statement - Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical) Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfChangesInStockholdersEquityAndRedeemableNoncontrollingInterestParenthetical Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest (parenthetical) Statements 7 false false R8.htm 1005000 - Statement - Consolidated Statements of Cash Flows Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlows Consolidated Statements of Cash Flows Statements 8 false false R9.htm 1005501 - Statement - Consolidated Statements of Cash Flows (Parenthetical) Sheet http://www.cohenandsteers.com/role/ConsolidatedStatementsOfCashFlowsParenthetical Consolidated Statements of Cash Flows (Parenthetical) Statements 9 false false R10.htm 2101100 - Disclosure - Basis of Presentation Sheet http://www.cohenandsteers.com/role/BasisOfPresentation Basis of Presentation Notes 10 false false R11.htm 2102100 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 11 false false R12.htm 2103100 - Disclosure - Revenue Revenue Sheet http://www.cohenandsteers.com/role/RevenueRevenue Revenue Revenue Notes 12 false false R13.htm 2106100 - Disclosure - Investments Sheet http://www.cohenandsteers.com/role/Investments Investments Notes 13 false false R14.htm 2107100 - Disclosure - Fair Value Sheet http://www.cohenandsteers.com/role/FairValue Fair Value Notes 14 false false R15.htm 2108100 - Disclosure - Derivatives Sheet http://www.cohenandsteers.com/role/Derivatives Derivatives Notes 15 false false R16.htm 2109100 - Disclosure - Property and Equipment Sheet http://www.cohenandsteers.com/role/PropertyAndEquipment Property and Equipment Notes 16 false false R17.htm 2110100 - Disclosure - Earnings Per Share Sheet http://www.cohenandsteers.com/role/EarningsPerShare Earnings Per Share Notes 17 false false R18.htm 2111100 - Disclosure - Stock-Based Compensation Sheet http://www.cohenandsteers.com/role/StockBasedCompensation Stock-Based Compensation Notes 18 false false R19.htm 2112100 - Disclosure - 401(k) and Profit-Sharing Plan Sheet http://www.cohenandsteers.com/role/A401KAndProfitSharingPlan 401(k) and Profit-Sharing Plan Notes 19 false false R20.htm 2113100 - Disclosure - Related Party Transactions Sheet http://www.cohenandsteers.com/role/RelatedPartyTransactions Related Party Transactions Notes 20 false false R21.htm 2114100 - Disclosure - Regulatory Requirements Sheet http://www.cohenandsteers.com/role/RegulatoryRequirements Regulatory Requirements Notes 21 false false R22.htm 2115100 - Disclosure - Commitments and Contingencies Sheet http://www.cohenandsteers.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 22 false false R23.htm 2115100 - Disclosure - Goodwill and Intangible Assets Sheet http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssets Goodwill and Intangible Assets Notes 23 false false R24.htm 2116100 - Disclosure - Income Taxes Sheet http://www.cohenandsteers.com/role/IncomeTaxes Income Taxes Notes 24 false false R25.htm 2116100 - Disclosure - Leases Sheet http://www.cohenandsteers.com/role/Leases Leases Notes 25 false false R26.htm 2117100 - Disclosure - Concentration of Credit Risk Sheet http://www.cohenandsteers.com/role/ConcentrationOfCreditRisk Concentration of Credit Risk Notes 26 false false R27.htm 2118100 - Disclosure - Selected Quarterly Financial Data (unaudited) Sheet http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnaudited Selected Quarterly Financial Data (unaudited) Notes 27 false false R28.htm 2119100 - Disclosure - Subsequent Events Sheet http://www.cohenandsteers.com/role/SubsequentEvents Subsequent Events Notes 28 false false R29.htm 2202201 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPolicies 29 false false R30.htm 2302302 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPolicies 30 false false R31.htm 2303301 - Disclosure - Revenue (Tables) Sheet http://www.cohenandsteers.com/role/RevenueTables Revenue (Tables) Tables http://www.cohenandsteers.com/role/RevenueRevenue 31 false false R32.htm 2306301 - Disclosure - Investments (Tables) Sheet http://www.cohenandsteers.com/role/InvestmentsTables Investments (Tables) Tables http://www.cohenandsteers.com/role/Investments 32 false false R33.htm 2307301 - Disclosure - Fair Value (Tables) Sheet http://www.cohenandsteers.com/role/FairValueTables Fair Value (Tables) Tables http://www.cohenandsteers.com/role/FairValue 33 false false R34.htm 2308301 - Disclosure - Derivatives (Tables) Sheet http://www.cohenandsteers.com/role/DerivativesTables Derivatives (Tables) Tables http://www.cohenandsteers.com/role/Derivatives 34 false false R35.htm 2309301 - Disclosure - Property and Equipment (Tables) Sheet http://www.cohenandsteers.com/role/PropertyAndEquipmentTables Property and Equipment (Tables) Tables http://www.cohenandsteers.com/role/PropertyAndEquipment 35 false false R36.htm 2310301 - Disclosure - Earnings Per Share (Tables) Sheet http://www.cohenandsteers.com/role/EarningsPerShareTables Earnings Per Share (Tables) Tables http://www.cohenandsteers.com/role/EarningsPerShare 36 false false R37.htm 2311301 - Disclosure - Stock-Based Compensation (Tables) Sheet http://www.cohenandsteers.com/role/StockBasedCompensationTables Stock-Based Compensation (Tables) Tables http://www.cohenandsteers.com/role/StockBasedCompensation 37 false false R38.htm 2313301 - Disclosure - Related Party Transactions (Tables) Sheet http://www.cohenandsteers.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://www.cohenandsteers.com/role/RelatedPartyTransactions 38 false false R39.htm 2315301 - Disclosure - Goodwill and Intangible Assets (Tables) Sheet http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsTables Goodwill and Intangible Assets (Tables) Tables http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssets 39 false false R40.htm 2316301 - Disclosure - Income Taxes (Tables) Sheet http://www.cohenandsteers.com/role/IncomeTaxesTables Income Taxes (Tables) Tables http://www.cohenandsteers.com/role/IncomeTaxes 40 false false R41.htm 2316301 - Disclosure - Leases (Tables) Sheet http://www.cohenandsteers.com/role/LeasesTables Leases (Tables) Tables http://www.cohenandsteers.com/role/Leases 41 false false R42.htm 2317301 - Disclosure - Concentration of Credit Risk (Tables) Sheet http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskTables Concentration of Credit Risk (Tables) Tables http://www.cohenandsteers.com/role/ConcentrationOfCreditRisk 42 false false R43.htm 2318301 - Disclosure - Selected Quarterly Financial Data (unaudited) (Tables) Sheet http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedTables Selected Quarterly Financial Data (unaudited) (Tables) Tables http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnaudited 43 false false R44.htm 2402403 - Disclosure - Summary of Significant Accounting Policies Operating Leases (Details) Sheet http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesOperatingLeasesDetails Summary of Significant Accounting Policies Operating Leases (Details) Details 44 false false R45.htm 2402404 - Disclosure - Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details) Sheet http://www.cohenandsteers.com/role/SummaryOfSignificantAccountingPoliciesCumulativeTranslationAdjustmentsBalanceDetails Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details) Details 45 false false R46.htm 2403402 - Disclosure - Revenue (Details) Sheet http://www.cohenandsteers.com/role/RevenueDetails Revenue (Details) Details http://www.cohenandsteers.com/role/RevenueTables 46 false false R47.htm 2406402 - Disclosure - Investments (Details) Sheet http://www.cohenandsteers.com/role/InvestmentsDetails Investments (Details) Details http://www.cohenandsteers.com/role/InvestmentsTables 47 false false R48.htm 2406403 - Disclosure - Investments Variable Interest Entity (Details) Sheet http://www.cohenandsteers.com/role/InvestmentsVariableInterestEntityDetails Investments Variable Interest Entity (Details) Details 48 false false R49.htm 2407402 - Disclosure - Fair Value (Details) Sheet http://www.cohenandsteers.com/role/FairValueDetails Fair Value (Details) Details http://www.cohenandsteers.com/role/FairValueTables 49 false false R50.htm 2408402 - Disclosure - Derivatives (Details) Sheet http://www.cohenandsteers.com/role/DerivativesDetails Derivatives (Details) Details http://www.cohenandsteers.com/role/DerivativesTables 50 false false R51.htm 2409402 - Disclosure - Property and Equipment (Details) Sheet http://www.cohenandsteers.com/role/PropertyAndEquipmentDetails Property and Equipment (Details) Details http://www.cohenandsteers.com/role/PropertyAndEquipmentTables 51 false false R52.htm 2410402 - Disclosure - Earnings Per Share (Details) Sheet http://www.cohenandsteers.com/role/EarningsPerShareDetails Earnings Per Share (Details) Details http://www.cohenandsteers.com/role/EarningsPerShareTables 52 false false R53.htm 2411402 - Disclosure - Stock-Based Compensation Vested RSUs (Details) Sheet http://www.cohenandsteers.com/role/StockBasedCompensationVestedRsusDetails Stock-Based Compensation Vested RSUs (Details) Details 53 false false R54.htm 2411403 - Disclosure - Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details) Sheet http://www.cohenandsteers.com/role/StockBasedCompensationUnvestedRsusAndIncentiveBonusPlansDetails Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details) Details 54 false false R55.htm 2412401 - Disclosure - 401(k) and Profit-Sharing Plan (Details) Sheet http://www.cohenandsteers.com/role/A401KAndProfitSharingPlanDetails 401(k) and Profit-Sharing Plan (Details) Details http://www.cohenandsteers.com/role/A401KAndProfitSharingPlan 55 false false R56.htm 2413402 - Disclosure - Related Party Transactions (Details) Sheet http://www.cohenandsteers.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.cohenandsteers.com/role/RelatedPartyTransactionsTables 56 false false R57.htm 2414401 - Disclosure - Regulatory Requirements (Details) Sheet http://www.cohenandsteers.com/role/RegulatoryRequirementsDetails Regulatory Requirements (Details) Details http://www.cohenandsteers.com/role/RegulatoryRequirements 57 false false R58.htm 2415401 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.cohenandsteers.com/role/CommitmentsAndContingenciesDetails Commitments and Contingencies (Details) Details http://www.cohenandsteers.com/role/CommitmentsAndContingencies 58 false false R59.htm 2415402 - Disclosure - Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details) Sheet http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsGoodwillAndIntangibleAssetsDetails Goodwill and Intangible Assets - Goodwill and Intangible Assets (Details) Details 59 false false R60.htm 2415403 - Disclosure - Goodwill and Intangible Assets - Intangible Assets (Details) Sheet http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsIntangibleAssetsDetails Goodwill and Intangible Assets - Intangible Assets (Details) Details 60 false false R61.htm 2415404 - Disclosure - Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) Sheet http://www.cohenandsteers.com/role/GoodwillAndIntangibleAssetsEstimatedFutureAmortizationExpenseDetails Goodwill and Intangible Assets - Estimated Future Amortization Expense (Details) Details 61 false false R62.htm 2416402 - Disclosure - Income Taxes - Narrative (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesNarrativeDetails Income Taxes - Narrative (Details) Details 62 false false R63.htm 2416402 - Disclosure - Leases - Schedule of Lease Cost (Details) Sheet http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseCostDetails Leases - Schedule of Lease Cost (Details) Details 63 false false R64.htm 2416403 - Disclosure - Income Taxes - Schedule of Income before Taxes (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfIncomeBeforeTaxesDetails Income Taxes - Schedule of Income before Taxes (Details) Details 64 false false R65.htm 2416403 - Disclosure - Leases - Schedule of Operating Leases, Other Information (Details) Sheet http://www.cohenandsteers.com/role/LeasesScheduleOfOperatingLeasesOtherInformationDetails Leases - Schedule of Operating Leases, Other Information (Details) Details 65 false false R66.htm 2416404 - Disclosure - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesComponentsOfDeferredTaxAssetsAndLiabilitiesDetails Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) Details 66 false false R67.htm 2416404 - Disclosure - Leases - Schedule of Lease Liability Maturity (Details) Sheet http://www.cohenandsteers.com/role/LeasesScheduleOfLeaseLiabilityMaturityDetails Leases - Schedule of Lease Liability Maturity (Details) Details 67 false false R68.htm 2416405 - Disclosure - Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfGrossUnrecognizedTaxBenefitsDetails Income Taxes - Reconciliation of Gross Unrecognized Tax Benefits (Details) Details 68 false false R69.htm 2416406 - Disclosure - Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesReconciliationOfFederalStatutoryIncomeTaxRateToEffectiveRateDetails Income Taxes - Reconciliation of Federal Statutory Income Tax Rate to Effective Rate (Details) Details 69 false false R70.htm 2416407 - Disclosure - Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details) Sheet http://www.cohenandsteers.com/role/IncomeTaxesScheduleOfTransitionTaxLiabilitiesByFiscalYearDetails Income Taxes - Schedule of Transition Tax Liabilities by Fiscal Year (Details) Details 70 false false R71.htm 2417402 - Disclosure - Concentration of Credit Risk (Details) Sheet http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskDetails Concentration of Credit Risk (Details) Details http://www.cohenandsteers.com/role/ConcentrationOfCreditRiskTables 71 false false R72.htm 2418402 - Disclosure - Selected Quarterly Financial Data (unaudited) (Details) Sheet http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedDetails Selected Quarterly Financial Data (unaudited) (Details) Details http://www.cohenandsteers.com/role/SelectedQuarterlyFinancialDataUnauditedTables 72 false false R73.htm 2419401 - Disclosure - Subsequent Events (Details) Sheet http://www.cohenandsteers.com/role/SubsequentEventsDetails Subsequent Events (Details) Details http://www.cohenandsteers.com/role/SubsequentEvents 73 false false All Reports Book All Reports cns-10kx123119.htm cns-20191231.xsd cns-20191231_cal.xml cns-20191231_def.xml cns-20191231_lab.xml cns-20191231_pre.xml cns10-kx123119ex43.htm cns10k-123119ex211.htm cns10k-123119ex231.htm cns10k-123119ex311.htm cns10k-123119ex312.htm cns10k-123119ex321.htm cns10k-123119ex322.htm investmentperformance1219.jpg http://fasb.org/srt/2018-01-31 http://xbrl.sec.gov/dei/2019-01-31 http://xbrl.sec.gov/country/2017-01-31 http://xbrl.sec.gov/invest/2013-01-31 http://fasb.org/us-gaap/2018-01-31 true true XML 71 R48.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Investments Variable Interest Entity (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Variable Interest Entity [Line Items]    
Investments [1] $ 155,213 $ 224,932
Due from brokers [1] 1,743 14,240
Other assets [1] 7,433 9,208
Total assets 402,419 481,039
Due to brokers [1] 366 5,121
Other liabilities and accrued expenses [1] 13,972 13,935
Total liabilities 135,304 144,201
SICAV RAP    
Variable Interest Entity [Line Items]    
Investments 29,976 8,929
Due from brokers 613 167
Other assets 268 297
Total assets 30,857 9,393
Due to brokers 229 24
Other liabilities and accrued expenses 213 149
Total liabilities 442 173
GLI SICAV, GRP-CIP, SICAV GRE and SICAV RAP [Member]    
Variable Interest Entity [Line Items]    
Investments 82,829  
Due from brokers 1,743  
Other assets 1,041  
Total assets 85,613  
Due to brokers 366  
Other liabilities and accrued expenses 784  
Total liabilities 1,150  
GLI SICAV    
Variable Interest Entity [Line Items]    
Investments 7,048 5,704
Due from brokers 264 49
Other assets 92 171
Total assets 7,404 5,924
Due to brokers 45 0
Other liabilities and accrued expenses 100 74
Total liabilities 145 74
GRP-CIP    
Variable Interest Entity [Line Items]    
Investments 337 550
Due from brokers 203 103
Other assets 0 0
Total assets 540 653
Due to brokers 0 0
Other liabilities and accrued expenses 5 5
Total liabilities 5 5
SICAV Preferred    
Variable Interest Entity [Line Items]    
Investments   120,930
Due from brokers   10,868
Other assets   2,136
Total assets   133,934
Due to brokers   4,398
Other liabilities and accrued expenses   212
Total liabilities   4,610
SICAV GRE    
Variable Interest Entity [Line Items]    
Investments 45,468  
Due from brokers 663  
Other assets 681  
Total assets 46,812  
Due to brokers 92  
Other liabilities and accrued expenses 466  
Total liabilities $ 558  
GLI SICAV, GRP-CIP, SICAV Preferred and SICAV RAP [Member]    
Variable Interest Entity [Line Items]    
Investments   136,113
Due from brokers   11,187
Other assets   2,604
Total assets   149,904
Due to brokers   4,422
Other liabilities and accrued expenses   440
Total liabilities   $ 4,862
[1]
Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.
XML 72 R40.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Schedule of Income before Taxes
The income before provision for income taxes and provision for income taxes are as follows:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Income before provision for income taxes - U.S. (1)
$
171,497

 
$
132,838

 
$
149,338

Income before provision for income taxes - Non-U.S.
16,052

 
10,941

 
11,062

Total income before provision for income taxes
$
187,549

 
$
143,779

 
$
160,400

_________________________
(1)    Included income of $12.4 million, loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2019, 2018 and 2017, respectively.
 
 
 
 
 
 
Current tax expense:
 

 
 

 
 

U.S. federal
$
30,818

 
$
26,223

 
$
58,082

State and local
7,627

 
7,378

 
8,155

Non-U.S.
2,024

 
2,029

 
1,991

 
40,469

 
35,630

 
68,228

Deferred tax (benefit) expense:
 

 
 

 
 

U.S. federal
(133
)
 
(748
)
 
(428
)
State and local
(74
)
 
(281
)
 
(412
)
Non-U.S.
303

 
(344
)
 
526

 
96

 
(1,373
)
 
(314
)
Provision for income taxes
$
40,565

 
$
34,257

 
$
67,914

 
Components of Deferred Tax Assets and Liabilities
Significant components of the Company’s net deferred income tax asset consist of the following:
 
At December 31,
(in thousands)
2019
 
2018
Deferred income tax assets (liabilities):
 
 
 
Stock-based compensation
$
5,310

 
$
4,915

Realized losses on investments
4,218

 
1,539

Dividend equivalents on unvested restricted stock units
1,725

 
1,734

Net unrealized (gains) losses on investments
(1,632
)
 
2,512

Deferred compensation
290

 
78

Deferred rent
1,205

 
1,452

Other
(824
)
 
(760
)
Subtotal
10,292

 
11,470

Less: valuation allowance
(3,201
)
 
(4,270
)
Deferred income tax asset—net
$
7,091

 
$
7,200
Reconciliation of Gross Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
(in thousands)
Liability for Unrecognized Tax Benefits
Gross unrecognized tax benefits balance at January 1, 2017
$
7,852

Addition for tax positions of current year
1,724

Addition for tax positions of prior years
6,624

Reduction of tax positions from prior years
(3,794
)
Gross unrecognized tax benefits balance at December 31, 2017
$
12,406

Addition for tax positions of current year
2,233

Reduction of tax positions from prior years
(2,602
)
Gross unrecognized tax benefits balance at December 31, 2018
$
12,037

Addition for tax positions of current year
2,430

Addition for tax positions of prior years
133

Reduction of tax positions from prior years
(1,720
)
Gross unrecognized tax benefits balance at December 31, 2019
$
12,880
Reconciliation of Federal Statutory Income Tax Rate to Effective Rate
A reconciliation of the Company’s statutory federal income tax rate and the effective tax rate is as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
U.S. statutory tax rate
21.0
 %
 
21.0
 %
 
35.0
 %
State and local income taxes, net of federal income taxes
3.4
 %
 
3.8
 %
 
3.1
 %
Unrecognized tax benefit adjustments
(1.0
)%
 
(1.0
)%
 
(1.9
)%
Foreign operations tax differential
(0.5
)%
 
0.3
 %
 
(1.4
)%
Non-deductible (gains) losses on investments
(1.6
)%
 
0.2
 %
 
0.2
 %
Non-taxable (gains) losses on investments
0.9
 %
 
0.1
 %
 
(0.2
)%
Tax Act
—
 %
 
(0.1
)%
 
8.0
 %
Other
1.0
 %
 
(1.2
)%
 
(0.3
)%
Effective income tax rate
23.2
 %
 
23.1
 %
 
42.5
 %
Schedule of Transition Tax Liability, Fiscal Year Maturity Schedule
The transition tax liability is as follows:
Year Ending December 31,
Transition Tax Liability
2020
$
192

2021
665

2022
665

2023
1,246

2024
1,662

2025
2,077

 
$
6,507
XML 73 R44.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies Operating Leases (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Jan. 01, 2019
Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Operating lease right-of-use assets $ 38,440 $ 48,488 $ 48,488
Total remaining discounted lease payments $ 43,349 54,304  
Deferred rent   (5,816) $ (5,816)
Accounting Standards Update 2016-02 [Member]      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Operating lease right-of-use assets   54,304  
Total remaining discounted lease payments   $ 54,304  
XML 74 R67.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases - Schedule of Lease Liability Maturity (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Jan. 01, 2019
Leases [Abstract]    
2020 $ 11,933  
2021 11,184  
2022 10,882  
2023 10,855  
2024 963  
Total remaining undiscounted lease payments 45,817  
Less: imputed interest 2,468  
Total remaining discounted lease payments $ 43,349 $ 54,304
XML 75 R63.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases - Schedule of Lease Cost (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Leases [Abstract]      
Operating lease cost $ 11,495 $ 11,552 $ 11,334
Right-of-use assets obtained in exchange for new lease liabilities $ 0 $ 614 $ 0
XML 76 R28.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Subsequent Events
 12 Months Ended
Dec. 31, 2019
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. Other than the items described below, the Company determined that there were no additional subsequent events that require disclosure and/or adjustment.
On February 20, 2020, CNS declared a quarterly dividend on its common stock in the amount of $0.39 per share. This dividend will be payable on March 12, 2020 to stockholders of record at the close of business on March 2, 2020.
XML 77 R24.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes
 12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The income before provision for income taxes and provision for income taxes are as follows:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Income before provision for income taxes - U.S. (1)
$
171,497

 
$
132,838

 
$
149,338

Income before provision for income taxes - Non-U.S.
16,052

 
10,941

 
11,062

Total income before provision for income taxes
$
187,549

 
$
143,779

 
$
160,400

_________________________
(1)    Included income of $12.4 million, loss of $4.4 million and income of $547,000 attributable to third-party interests for the years ended December 31, 2019, 2018 and 2017, respectively.
 
 
 
 
 
 
Current tax expense:
 

 
 

 
 

U.S. federal
$
30,818

 
$
26,223

 
$
58,082

State and local
7,627

 
7,378

 
8,155

Non-U.S.
2,024

 
2,029

 
1,991

 
40,469

 
35,630

 
68,228

Deferred tax (benefit) expense:
 

 
 

 
 

U.S. federal
(133
)
 
(748
)
 
(428
)
State and local
(74
)
 
(281
)
 
(412
)
Non-U.S.
303

 
(344
)
 
526

 
96

 
(1,373
)
 
(314
)
Provision for income taxes
$
40,565

 
$
34,257

 
$
67,914

 
In connection with the enactment of the Tax Cuts and Jobs Act (the Tax Act), the Company recorded a provisional transition tax of $8.4 million at December 31, 2017, which reflected a one-time tax on deemed repatriated accumulated earnings and profits of the Company’s foreign subsidiaries. Based on refinement of the calculation, the Company adjusted its transition tax liability from $8.4 million at December 31, 2017 to $8.3 million during the second quarter of 2018. The transition tax, which is payable over eight years on an interest-free basis, was included as part of income tax payable on the Company's consolidated statements of financial condition at December 31, 2019 and December 31, 2018.
The transition tax liability is as follows:
Year Ending December 31,
Transition Tax Liability
2020
$
192

2021
665

2022
665

2023
1,246

2024
1,662

2025
2,077

 
$
6,507





In addition to the transition tax, the Tax Act requires certain income earned by foreign subsidiaries, referred to as global intangible low-taxed income (GILTI), be included in the U.S. taxable income of the parent company. GILTI requires an accounting policy election to either (1) treat taxes due on future U.S. inclusions in taxable income related to GILTI as a current period expense when incurred or (2) factor such amounts into the measurement of deferred taxes. The Company has made an accounting policy election to account for any additional tax resulting from the GILTI provisions in the year in which it is incurred. Based upon its calculation, the Company was not required to record any additional income tax expense attributable to the GILTI provisions for the year ended December 31, 2019.
Deferred income taxes represent the tax effects of the temporary differences between book and tax bases and are measured using enacted tax rates that will be in effect when such items are expected to reverse. The Company records a valuation allowance, when necessary, to reduce deferred tax assets to an amount that more likely than not will be realized.
Significant components of the Company’s net deferred income tax asset consist of the following:
 
At December 31,
(in thousands)
2019
 
2018
Deferred income tax assets (liabilities):
 
 
 
Stock-based compensation
$
5,310

 
$
4,915

Realized losses on investments
4,218

 
1,539

Dividend equivalents on unvested restricted stock units
1,725

 
1,734

Net unrealized (gains) losses on investments
(1,632
)
 
2,512

Deferred compensation
290

 
78

Deferred rent
1,205

 
1,452

Other
(824
)
 
(760
)
Subtotal
10,292

 
11,470

Less: valuation allowance
(3,201
)
 
(4,270
)
Deferred income tax asset—net
$
7,091

 
$
7,200


The Company had capital loss carryforwards of approximately $17,027,000 and $6,181,000 for the years ended December 31, 2019 and 2018 which, if unused, will expire in years 2020 to 2024. The valuation allowance on the net deferred income tax asset decreased by approximately $1,069,000 during the year ended December 31, 2019.
At December 31, 2019, the Company had approximately $12,880,000 of total gross unrecognized tax benefits. Of this total, approximately $9,830,000 (net of the federal benefit on state issues) represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the Company’s effective tax rate in future periods. The Company believes it is reasonably possible that it will reduce its net unrecognized tax benefits by $5,974,000 within the next twelve months due to the expected conclusion of jurisdictional reviews and the lapse of the statute of limitations on certain positions.
A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:
(in thousands)
Liability for Unrecognized Tax Benefits
Gross unrecognized tax benefits balance at January 1, 2017
$
7,852

Addition for tax positions of current year
1,724

Addition for tax positions of prior years
6,624

Reduction of tax positions from prior years
(3,794
)
Gross unrecognized tax benefits balance at December 31, 2017
$
12,406

Addition for tax positions of current year
2,233

Reduction of tax positions from prior years
(2,602
)
Gross unrecognized tax benefits balance at December 31, 2018
$
12,037

Addition for tax positions of current year
2,430

Addition for tax positions of prior years
133

Reduction of tax positions from prior years
(1,720
)
Gross unrecognized tax benefits balance at December 31, 2019
$
12,880


The Company records potential interest and penalties related to uncertain tax positions in the provision for income taxes. At December 31, 2019 and 2017, the Company had approximately $3,179,000 and $2,519,000, respectively, in potential interest and penalties associated with uncertain tax positions.
The tax years 2013 through 2019 remain open to examination by various taxing jurisdictions.
A reconciliation of the Company’s statutory federal income tax rate and the effective tax rate is as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
U.S. statutory tax rate
21.0
 %
 
21.0
 %
 
35.0
 %
State and local income taxes, net of federal income taxes
3.4
 %
 
3.8
 %
 
3.1
 %
Unrecognized tax benefit adjustments
(1.0
)%
 
(1.0
)%
 
(1.9
)%
Foreign operations tax differential
(0.5
)%
 
0.3
 %
 
(1.4
)%
Non-deductible (gains) losses on investments
(1.6
)%
 
0.2
 %
 
0.2
 %
Non-taxable (gains) losses on investments
0.9
 %
 
0.1
 %
 
(0.2
)%
Tax Act
—
 %
 
(0.1
)%
 
8.0
 %
Other
1.0
 %
 
(1.2
)%
 
(0.3
)%
Effective income tax rate
23.2
 %
 
23.1
 %
 
42.5
 %
XML 78 R20.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company is an investment adviser to, and has administration agreements with, affiliated funds for which certain employees are officers and/or directors.
The following table summarizes the amount of revenue the Company earned from these affiliated funds:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment advisory and administration fees (1)
$
264,116

 
$
241,255

 
$
236,832

Distribution and service fees
30,048

 
29,090

 
30,747

Total
$
294,164

 
$
270,345

 
$
267,579

_________________________
(1)
Investment advisory and administration fees are reflected net of fund reimbursements of $11.1 million, $8.6 million and $8.7 million for and the years ended December 31, 2019, 2018 and 2017, respectively. Amounts for the years ended December 31, 2017 have been recast to reflect the Company's adoption of the new revenue recognition accounting standard on January 1, 2018.
The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Proceeds from sales
$
37,326

 
$
10,872

 
$
15,105

Gross realized gains
241

 
28

 
80

Gross realized losses
(907
)
 
(4,448
)
 
—

Dividend income
52

 
481

 
675


Included in accounts receivable at December 31, 2019 and 2018 are receivables due from Company-sponsored funds of approximately $27,725,000 and $22,560,000, respectively. Included in accounts payable at December 31, 2019 and December 31, 2018 are payables due to Company-sponsored funds of approximately $1,498,000 and $845,000, respectively.
XML 79 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Leases (Tables)
 12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Lease, Cost
The following table summarizes the Company's lease cost included in general and administrative expense in the consolidated statements of operations:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Operating lease cost
$
11,495

 
$
11,552

 
$
11,334


Supplemental cash flow information related to operating leases is summarized below:
 
Years Ended December 31,
(in thousands)
2019
 
2018
 
2017
Cash paid for amounts included in the measurement of lease liabilities
$
12,365

 
$
11,709

 
$
11,579

Right-of-use assets obtained in exchange for new lease liabilities
—

 
614

 
—
Assets And Liabilities, Lessee
Other information related to operating leases is summarized below:
 
Years Ended December 31,
 
2019
 
2018
 
2017
Weighted-average remaining lease term (years)
4

 
5

 
6

Weighted-average discount rate
2.8
%
 
2.8
%
 
2.8
%
Lessee, Operating Lease, Liability, Maturity
The following table summarizes the maturities of lease liabilities at December 31, 2019 (in thousands):
Year Ending December 31,
Operating Leases
2020
$
11,933

2021
11,184

2022
10,882

2023
10,855

2024
963

Total remaining undiscounted lease payments
45,817

Less: imputed interest
2,468

Total remaining discounted lease payments
$
43,349
XML 80 R45.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Summary of Significant Accounting Policies Cumulative Translation Adjustments Balance (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Accumulated Translation Adjustment      
Cumulative Translation Adjustments balance [Line Items]      
Cumulative Foreign Currency Translation Adjustment, Net of Tax $ (6,326) $ (7,323) $ (4,766)
XML 81 R49.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Fair Value (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value $ 89,872 $ 66,795
Trading 14,980 108,363
Held-to-maturity 49,807 49,748
Equity method investments 554 26
Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 85,889 78,147
Equity investments at fair value 89,872 66,795
Trading 14,980 108,363
Total investments 155,213 224,932
Derivative - assets 644 1,225
Derivative - liabilities 556 2,386
Fair Value, Measurements, Recurring | Commodity futures    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets 570 486
Derivative - liabilities 339 2,181
Fair Value, Measurements, Recurring | Commodity swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets   739
Derivative - liabilities 173  
Fair Value, Measurements, Recurring | Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets 74  
Derivative - liabilities 44 205
Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash equivalents 85,889 78,147
Equity investments at fair value 89,292 62,942
Total investments 89,292 62,942
Derivative - assets 570 486
Derivative - liabilities 339 2,181
Fair Value, Measurements, Recurring | Level 1 | Commodity futures    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets 570 486
Derivative - liabilities 339 2,181
Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 108 3,193
Trading 14,980 108,363
Total investments 15,088 111,556
Derivative - assets 74 739
Derivative - liabilities 217 205
Fair Value, Measurements, Recurring | Level 2 | Commodity swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets   739
Derivative - liabilities 173  
Fair Value, Measurements, Recurring | Level 2 | Foreign exchange    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative - assets 74  
Derivative - liabilities 44 205
Fair Value, Measurements, Recurring | Investments Measured at NAV    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 472 660
Trading   0
Total investments 1,026 686
Company-sponsored funds | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 132 9,456
Company-sponsored funds | Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 132 9,456
Common stocks | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 87,408 21,982
Common stocks | Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 87,408 21,982
Fixed income | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading 14,980 108,363
Total investments 49,807 49,748
Fixed income | Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Trading 14,980 108,363
Limited partnership interests | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 1,385 1,606
Limited partnership interests | Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 1,048 1,056
Limited partnership interests | Fair Value, Measurements, Recurring | Level 3    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning Balance 0 605
Purchases / contributions 0 0
Sales / distributions 0 598
Realized gains 0 68
Unrealized gains (losses) 0 (61)
Transfers into (out of) level 3 0 0
Ending Balance 0 0
Limited partnership interests | Fair Value, Measurements, Recurring | Investments Measured at NAV    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 337 550
Preferred securities | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 812 33,641
Preferred securities | Fair Value, Measurements, Recurring | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 704 30,448
Preferred securities | Fair Value, Measurements, Recurring | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 108 3,193
Other | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 135 110
Other | Fair Value, Measurements, Recurring | Investments Measured at NAV    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity investments at fair value 135 110
Held-to-maturity Securities [Member] | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Held-to-maturity 49,807 49,748
Held-to-maturity Securities [Member] | Fixed income | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Held-to-maturity 49,807 49,748
Equity Method Investments [Member] | Fair Value, Measurements, Recurring    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity method investments 554 26
Equity Method Investments [Member] | Fair Value, Measurements, Recurring | Investments Measured at NAV    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity method investments $ 554 $ 26
The Cohen & Steers Global Realty Partners III-TE, L.P.    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Ownership percentage 0.20%  
The Cohen & Steers Global Realty Focus Fund, a series of Cohen & Steers Series LP (GRF)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Ownership percentage 2.20%  
XML 82 R66.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Tax Disclosure [Abstract]    
Stock-based compensation $ 5,310 $ 4,915
Realized losses on investments 4,218 1,539
Dividend equivalents on unvested restricted stock units 1,725 1,734
Net unrealized (gains) losses on investments (1,632)  
Net unrealized (gains) losses on investments   2,512
Deferred compensation 290 78
Lease liabilities 1,205 1,452
Other (824) (760)
Subtotal 10,292 11,470
Less: valuation allowance (3,201) (4,270)
Deferred income tax asset—net 7,091 7,200
Capital Loss Carryforward 17,027 $ 6,181
Changes in Valuation Allowance $ 1,069  
XML 83 R62.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Income Taxes - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Tax Disclosure [Abstract]        
Effective tax rate 23.20% 23.10% 42.50%  
Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Change in Tax Rate, Deferred Tax Liability $ 6,507      
Gross unrecognized tax benefits 12,880 $ 12,037 $ 12,406 $ 7,852
Unrecognized tax benefits that impact effective tax rate in future periods 9,830      
Reduction in unrecognized tax benefits 5,974      
Uncertain tax positions, accrued interest and penalties $ 3,179 $ 2,519    
EXCEL 84 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( +AX7% ?(\\#P !," + 7W)E;',O+G)E;'.MDD^+ MPD ,Q;]*F?L:5\'#8CUYZ6U9_ )Q)OU#.Y,A$[%^>X>];+=44/ 87O+>CT?V M/S2@=AQ2V\54C'X(J32M:OP"2+8ECVG%D4)6:A:/FD=I(*+ML2'8K-<[D*F' M.>RGGD7E2B.5^S3%":4A+,*P).B0\5?UX^8 TBTH_0(:+L A#&^NQT:E8(C M-R."?S]PN -02P,$% @ N'A<4"?HAPZ" L0 ! !D;V-0&UL38Y-"\(P$$3_2NG=;BGH06) L$?!D_>0;FP@R8;-"OGYIH(? MMWF\81AU8\K(XK%T-8943OTJDH\ Q:X831F:3LTXXFBD(3^ G/,6+V2?$9/ M-(X'P"J8%EQV^3O8:W7..7AKQ%/25V^9"CGIYFHQ*/B76_..7+8\#?NW_+"" MWTG] E!+ P04 " "X>%Q0[/6Y<^X K @ $0 &1O8U!R;W!S+V-O M&ULS9+/2L0P$(=?17)O)\VN(J';B^))07!!\1:2V=U@\X=DI-VW-ZV[ M740?P&-F?OGF&YA61ZE#PN<4(B:RF*]&U_LL==RP U&4 %D?T*E'MZ?)G7K:S/I+S&\BM;2<>(&W:>_+JZN]\^L$YPP2LN*G&[;:XE7TNQ?I]< M?_A=A%TP=F?_L?%9L&OAUUUT7U!+ P04 " "X>%Q0F5R<(Q & "<)P M$P 'AL+W1H96UE+W1H96UE,2YX;6SM6EMSVC@4?N^OT'AG]FT+QC:!MK03 M621A'^_1S80RY8-[9)-NIL\!"SI^\Y%1^?H.'GS M[BYBZ(:(E/)X8-DOV]:[MR_>X%#BVR]*+41B1%G\@MNN01.+5)#3(3/PB=AIAJ4!P"I DQEJ&&^+3&K!'@$WVWO@C( MWXV(]ZMOFCU7H5A)VH3X$$8:XIQSYG/1;/L'I4;1]E6\W*.76!4!EQC?-*HU M+,76>)7 \:V@S&L%&KQMUAVC2/'K^!?F<-0HACA*FNVB<5@$_9Y>PTG!Z(++9OVX?H;5,VPLCO='U!=* MY \FIS_I,C0'HYI9";V$5FJ?JH,@H%\;D>/N5Z> HWEL:\4*Z">P'_ MT=HWPJOX@L Y?RY]SZ7ON?0]H=*W-R-]9\'3BUO>1FY;Q/NN,=K7-"XH8U=R MSTS0LS0[=R M2^JVE+ZU)CA*]+',<$X>RPP[9SR2';9WH!TU^_9==N0CI3!3ET.X&D*^ VVZ MG=PZ.)Z8D;D*TU*0;\/YZ<5X&N(YV02Y?9A7;>?8T='[Y\%1L*/O/)8=QXCR MHB'NH8:8S\-#AWE[7YAGE<90-!1M;*PD+$:W8+C7\2P4X&1@+: '@Z]1 O)2 M56 Q6\8#*Y"B?$R,1>APYY=<7^/1DN/;IF6U;J\I=QEM(E(YPFF8$V>KRMYE ML<%5'<]56_*POFH]M!5.S_Y9KF4Q9Z;RWRT,"2Q;B%D2XDU=[=7G MFYRN>B)V^I=WP6#R_7#)1P_E.^=?]%U#KG[VW>/Z;I,[2$R<><41 71% B.5 M' 86%S+D4.Z2D 83 >LX=SFWJXPD6L_UC6'ODR MWSEPVSK> U[F$RQ#I'[!?8J*@!&K8KZZKT_Y)9P[M'OQ@2";_-;;I/;=X Q\ MU*M:I60K$3]+!WP?D@9CC%OT-%^/%&*MIK&MQMHQ#'F 6/,,H68XWX=%FAHS MU8NL.8T*;T'50.4_V]0-:/8--!R1!5XQF;8VH^1."CS<_N\-L,+$CN'MB[\! M4$L#!!0 ( +AX7%!H=GY4:0, ,$0 8 >&PO=V]R:W-H965T&ULC5AM;YLP&/PKB!]0\!M)JB12TVC:I$VJ.FW[3!,G006< 6FZ M?S_S4D;]G*M]"6#NGK,YG\%97DWU7)^T;H+7(B_K57AJFO-M%-6[DR[2^L:< M=6GO'$Q5I(V]K(Y1?:YTNN](11[Q.$ZB(LW*<+WLVAZJ]=)B M2*L_&YV;ZRIDX5O#8W8\-6U#M%Z>TZ/^KIL?YX?*7D5CE7U6Z++.3!E4^K * M[]CM5JB6T"%^9OI:3\Z#=BA/QCRW%U_VJS!N>Z1SO6O:$JD]O.A[G>=M)=N/ MWT/1<-1LB=/SM^J?NL';P3REM;XW^:]LWYQ6X3P,]OJ07O+FT5P_ZV% *@R& MT7_5+SJW\+8G5F-G\KK[#7:7NC'%4,5VI4A?^V-6=L=K?R=1 PT3^$#@(X$O M/B2(@2!& I,?$N1 D XAZH?2/9MMVJ3K966N0=7;>T[;6<1NI7WZN[:Q>]C= M/?MX:MOZLHZ7T4M;9D!L>@2?(-B(B&SM48 C@0TG=/Y>X)XBQ'O$EB(D[H* M8Q0=74SH"M,EI,N.+B?TQ'E$%#'# @H**$*?.P(4L< ""11(")VY+@.(Q^89 ME)A1ON/S!D $EIA#B3GE2T<"0#Q6+Z#$@O)=KP'$8S:+<>)B6L'U&V$\CC-/ MKAFIP$FR <9C.H/AOF.<5G!M1QB/[PSGEPE:P74>83S6,QQS1E/,7?,1QN<^ MSCJC4>;$?8#QN8\#SVB?TUQ+Y:H C$\%9Y_37$MWCB&,;X[A['.::TGFV/^_[CG. M/J>YE@M7!;SQ?2HX^YSF6I&9#%[Z/A6V 41VF[%5N.)81./R" M!ENYW\(#)IG(R-E,)?'"LP0(O 0(&F_E?%5O$,;W78V7 $'CK=S8($SB4?%\ MOM-XJYFK C!SCPI> @2-MW(G-, DL4<%+P&"QCMAK@K%D D=3?9WA:Z.W=ZY M#G;F4G8;]TGKN#^_X]W^\!^\W]Q_2ZMC5M;!DVGL+K/;"QZ,:;3M2GQCNW+2 MZ7Z\R/6A:4]G]KSJ-]7]16/.PQ\&T?BOQ?HO4$L#!!0 ( +AX7%#L[4]7 M5@0 "84 8 >&PO=V]R:W-H965T&ULC9C;;N,V$(9? M1=!]5N20$JG -M#8*%J@!8(MMKU6;/J U<&5Y'C[]J4.<>V98= ;6Z+^(7]2 MY,<1%]>F_=X=G>NC'U59=\OXV/?GYR3IMD=7%=V7YNQJ_V3?M%71^]OVD'3G MUA6[,:@J$Q B2ZKB5,>KQ5CVVJX6S:4O3[5[;:/N4E5%^\^+*YOK,I;Q1\'7 MT^'8#P7):G$N#NX/UW\[O[;^+KG5LCM5KNY.31VU;K^,?Y+/&P5#P*CX\^2N MW=UU-'3EK6F^#S>_[I:Q&!RYTFW[H8K"_[V[M2O+H2;OX^^YTOC6YA!X?_U1 M^\]CYWUGWHK.K9ORK].N/RYC&T<[MR\N9?^UN?[BY@ZE<33W_C?W[DHO'YSX M-K9-V8V_T?;2]4TUU^*M5,6/Z?]4C__7N?Z/,#X Y@#XOP%J#E"W *D_#=!S M@$8!R=25<6PV15^L%FUSC=KI]9Z+81;)9^U'?SL4CH,]/O/#T_G2]U4&B^1] MJ&>6K"<)W$F08D,5F;I)$M_^S02P)F",5_?QFH]7;+P:X_5]?(HZ,4G,**E' MB112I;@G5):#48'.:-:,IF:RQU9>&(E!?B=)=N\W34$JY)?* '2N@#>LEHUYR-'B,! ]>1@?/:#QTC$B#%KQ;P[HU MQ(H1R(JAK8"V:$)L&)66(N.]6-:+I5[0^UE;THJR6B/'&ZK25EO+>\E9+SGU M@J&2TQ[G:8:]<"J3!F:4%#SA!'6C,.($:-Q+1?8+ M$U@KDF>TI 0V9(0I6P>O*>X2(U.930-^> 1+RF"#&2PI7HV2%MNA*NLWA( ; M'L*2(M;DV W%IY]^FKQP*DNU$H'=7?*8E92S%G-64H0"R%QC/PQI;1;*5B2/ M6DE9:R5>PU1#US #9)PK;!A1*B&$0)['D@+9 C9,-=0PPV.58[9O>)D*+ G@ ML0T4VQ9C&RB0?4YW/[TF0YQ.:Q"!400>W4"Q;#5VQ&@P,3[7/#H)Y,L4R3BE M6 -%;:JTQ.^*D4F?>^2!#!)X(@,ELC6!&G@B R6RQ00$BMH4#.X0(Y*!'0]X M&@.EL<7\ \K93&4&>]YP.@%@0N/+$QDHD7-,0*"H?0*?T68XC6&%PNH0E8&G M,E JXXQI#12W3YD"S#A.9A2$OB%Y*@,E;HZS3J P??*?!A;(&N6$F=8R-*MY M\ *%:DX@1FGIO_.,P+DAW\RGH$E_S4QG:#]7K2'4]U%;TW?-]5XX+)OFMYY^^*+1\31%;O;3>GV M_7!I_'4[G5Q--WUSGD_EDMO1X.I?4$L#!!0 ( +AX7%!U<72)A , $\/ M 8 >&PO=V]R:W-H965T&ULC9=];YLP$,:_"N(#%/LP M8*HDTI)JVJ1-JCIM^YLF3H(*. .GZ;[]S$LS\!UM&ZF ><[WL_$]X,5%UT_- M42GCO91%U2S]HS&GVR!HMD=59LV-/JG*WMGKNLR,O:P/07.J5;;K@LHB ,;B MH,SRRE\MNK;[>K709U/DE;JOO>9,@/1],V!*O%*3NH M'\K\/-W7]BJX]K++2U4UN:Z\6NV7_B=^>P=Q&] I?N7JTHS.O78HCUH_M1=? M=TN?M42J4%O3=I'9P[/:J*)H>[(W9Z&MOZO$KC1?#<]C-(-KT$1A*8*NZP(@ZO MDL#FOT( "0%=O!A#) Y$+Y&=I.HD[(9QA^,=T80D)$E"3"(=DEX2CY)$;/AS M<#ZBG# )DDE@IM1A$C@31)*!<)[E'2'DLOW%-%%$$D6(B+N#WT0X4PBI!'>2 M"!V+&,B(!HI)H)@ .@@8QF 2$.@B1.2."&(G;): M8PTB3M#L\42XO(1(@)A9@Y+$E02NDV:--0A7(A)+Z^)B40I,TK0I29L2M,*A MQ1I$FR*0,'8+"FLB#C.6PQEMP8S C1Q<0H1X!\WD08=I@MR:E(4S!<=GWAO\ MS9*;=D&[/L>VSQEZ^0"QPE%%4BK)DAD+$%" M.I.)=F!.63"XF;"W3MQAFHAV5DY9:^@FBG$B)N96 VV(G')$X2;"5C8NR6D> MVLDX9661FTQ"G3&C&Q8 V!J", 7WS4-4<_6,^!ZAIC-/ "@ZQFH>A9N(OR-)@3,O,F!KGJ@JCYR M$PFTHL3<*QCI0L5WO^^61.:U+7]8+1S*%5]Z'9EC;?5Y\JT7\VCUNO. M;]WMT]QVB&XW=BCXCN6P=[K-8O _1;_5_)[5A[QJO$=M[)ZGVYGLM3;*XK,; M.R]'N[N]7A1J;]K3Q)[7_1:OOS#Z-&Q?@^L>>O4/4$L#!!0 ( +AX7% ] M5;D5M00 "P6 8 >&PO=V]R:W-H965T&UL?5C1;N,V M$/P5P^\7D4N*% /'0"RC:($6"*YH^ZS$3&R<;+F2$E__OI2L^.SE\%YBB9E= MSE++'7(7IZ;]UFV][V??]_6A>YAO^_YXGV7=R];OJ^ZN.?I#^,]KT^ZK/KRV M;UEW;'VU&8WV=49"F&Q?[0[SY6(<>VJ7B^:]KW<'_]3.NO?]OFK_6_FZ.3W, MY?QSX.ON;=L/ ]ER<:S>_)^^_^OXU(:W[.)EL]O[0[=K#K/6OS[,'^7]6M%@ M,"+^WOE3=_4\&T)Y;IIOP\MOFX>Y&!CYVK_T@XLJ_'SXTM?UX"GP^'=R.K_, M.1A>/W]Z_V4,/@3S7'6^;.I_=IM^^S OYK.-?ZW>Z_YK<_K53P'E\]D4_>_^ MP]:_#ZK\,@^-BC_\+ MR].%T8^E%&Z1?0R.)LSJC*%KS 61!>^7*0A-L:+(G&XG*&.$4;>0=0R14F 6 M"@:J1@?ZQH%D@9XQ=L0<1HR6HE""T8UAJI"1MS6 V<(X@UEKR%J//M0-:\(. M:*J-1**Q9/"6!*DF,?*Q?-0KDP$6, 4R%).6< (^7R1.&1 M I=8 7@7O,:*>-L8(17+^A+AM!6*^5LC7*ZM3FQ#F5 '">I/(L>N8D+-1IL6HW#K.&;@R+I4A6*(DT"CB&B5C62&K>84M M >R+HCRB'<-RD^L$;:Q1$H@4<9&2L;+(PN;:<=X IY6-UQO@C- BE258JR00 M*^)B)8'"B)SK4 E@2E-N.?$89JR3J27'@B6!8O'MOY*QT$AM7!'E-\ )E_/= ML@8X1[I(%5(L71)H%W'MDK'N M"71]T VZ97BY+!%.JH)K\QK@G'0J450(*Q0(IO+$.8.PB! 0$7[F6U%<],.-P/&K M#H+9<#/EO ',.)O:&UA!""B(RA,N<#$G=/V(,K5 E^C<%CQV@-.NL(('CW#: MI?23<#4G=!-)2)G"E56A2T'4CX@/\2K<7GGP $9..!X[]&93BJ!P7542?/C$ M=E>XKBI05^/0*?I01()K.$+)/&K$Q"@E-$_X[*IEMO?MV]B.[&8OS?NA'SI/ M5Z.7EN?CV/%DXRMYOSXW+G^X.?=1_ZC:M]VAFSTW?=_LQ[;;:]/T/I 4=Z&< M;'VUN;S4_K4?'FUX;L_]R_-+WQRGWFQV:1 O_P=02P,$% @ N'A<4%Y$ M#\7L @ R@H !@ !X;"]W;W)KV+XDOWW?.=^QC M^TS/HGEI]YQ+[[4JZW;F[Z4\3(*@7>]YQ=I[<>"UFMF*IF)2=9M=T!X:SC:& M5)4!#L,XJ%A1^_.I&7MLYE-QE&51\\?&:X]5Q9I_"UZ*\\Q'_F7@J=CMI1X( MYM,#V_&?7/XZ/#:J%PQ6-D7%Z[80M=?P[CMJ=#>1;B M17>^;69^J!7QDJ^E-L'4[\27O"RU):7C;V_4'WQJXKA]L?[%!*^">68M7XKR M3[&1^YF?^MZ&;]FQE$_B_)7W 46^UT?_G9]XJ>!:B?*Q%F5KOM[ZV$I1]5:4 ME(J]=O^B-O]S;_]"@PFX)^#/$DA/( ,!Q>\2:$^@;P3Z+B'J"9%%"+K8S6*N MF&3S:2/.7M/EPX'IM$.32&W76@^:W3%S:CU;-7J:(Y),@Y,VU&.6'0:/,0,B M4-8'%QARL<0.'5\[6+F(F%Q#"4 BK(&"@Q!B@8P,XM@+M,(G!U!V&QEE* M+;D +,PB;$65N[ ,TS2&15-0- 5$V[O38>*1FSN$B;V *Q=&26)%E@.V(IK MBB-0<00H3BW%D>,%$1IC9"D&8(BDF;5IN0O+4$8R6'0,BHZ-"7)U"%+80 (: M2-RH1PJZJ!-79V;MY#-;NB;KUG(57U8-[XK1"2J[C">W5I[E5A.71* MOI6ZF:AVTU5774>*0U\Y!D/Y.O\/4$L#!!0 ( +AX7%""5 IIX < "8T M 8 >&PO=V]R:W-H965T&ULC9M;;]LX$(7_BN%WU^)% MI%0D ;:V;L N4'2QN\]NHC1&;2MKJTWWWZ_LJ&XXQ.>XW;??V^&5Y M>C[6FX=+H_UNJ:/(+?>;[6%^=W/Y[./Q[J;YUNZVA_KC<7;ZMM]OCO]]J'?- MR^U?*G_K-N_GC\>NW?+:Y2'[;X^G+;-87:L'V_G MOZGWE4W.#2[$W]OZY?3F]>P\E,]-\_7\IGJXG4?G'M6[^KX]A]AT?[[7JWJW M.T?J^O%O'W1^S7EN^/;US^CY9?#=8#YO3O6JV?VS?6B?;N?)?/90/VZ^[=I/ MS4M9]P.*Y[-^]+_7W^M=AY][TN6X;W:GR[^S^V^GMMGW4;JN[#<_7O]N#Y>_ M+WW\G\UP ]TWT-<&2HTV,'T#\ZN!&6U@^P;VVD#[T09QWR#^U6!\#*YOX*X- MXF2T@>\;^%]CB$<;)'V#9.H8TKY!>FU@+AF6K_-W61#K3;NYNSDV+[/CZYI^ MWIPO'?4^[9;<_?G#RPJ[_%^W)D[=I]_OE(UOEM_/@7KFPRNC \:%S HQ/F36 MB$E")D-,&C(Y8.(H9 K$J) I$:-#ID*,N3++3MNKP!H*K"\!;!# $O%>&7]A M#A9*AV; PB05)Z%)^9=R;)#9.T@BGB6&:&*0AFJUB-A:RAM,&*D0B5+.%0CCH# ."$-N 2O'A*$W$L>ZXBVYN#/.D 'E(E&( M1(EZ0L93C44))/-0,@\D(_.[\BR%&UJP"4R2\"2.C'65B LV$1>L2.0B47!B MD2HZ_^4DJAK+%LB60ME2(!M)L4IY1[J;(\ZB(OR0CD >\J1:]=#8_/3(V[Z8 MU),G308H.DDR4LA(.:D[U6B@4+T!BZ. >H:JIZ3NK@&B=60UE8]C"TV?K+F< MKY"1$G5)>?JHJ48CA1)B$Z. BW'4Q?30J(0HQMPL M6N>8TP,8$UDVP3*2RT@A(Z6,5'#@)AUZW&.3K(!+=K1\4-PFQTI1];CWC'W$ M[BH9X!;*^-1K*B0 C?.*BHGBQ291"964@]K'L7$#@F&+K(!'=FRQ<9/<38T: MFAKLDQ4RRNQ.QEVE]7YP$6!KJ8"W9#5D#XUZ/NX_V04$+*I*8JL-G7TQ5B$C MY81TX;X*-L4:F&)VA]'<%--B4G-_Z5)Z@0"(WF-DI)"1$B ^(O-0C<8)M<.6 M6 -+S(I*S5VC']K2T0.;7\@WTKI2\]TCNHBUZ.4R&(&PRO/9DLV1C)2R$@Y MJ3O5:*!0/>R*-')%M,;4LMT!B#9I0DMT.5(N(X6,E-/Z4XU&"O7#ED:FY^U%1&FMVA7..:2PB M&227?;9?==T9.N9223D5Q&"ADI9:0" MB(^\'WCB&VR@#3#0],GXP7"KJ;5V[/S7<*,=TVIO#8*Y2&M:96: 6^@HL?10 M-$>@-[1N*1#6/5ZLHN>8\FA#8;&[-L!=TQ)Y9;B[MLZ_J5K#3-A?&^"OJ9J5 MX1Y4*:M2/9!JX'@6&%%OZ,1Q(WI^RM!9 W8UP,+^8+]JT%$NO<$:V:\:>110D;*:?VI1B.% M^F%+8=$9-JV/K7R "%IF<+F1PHEY%"1LI)W:E& X7J89MDT38DK9 ML$G6 ML;V.%>"8RO)V)7M7!G)9"27D4)&2AFI ++PL4D&*C.+ MS;,%YMFSNZUC3DDKPXZZ5H"+-3W" Y S7;U$OUP.N$6W-"PUC#D"G=&.J@ZP M;ITD]"HKY=&&PN)JP8)JP;-O+X-C[NZR'[K#8%=M@:NF7_JN+/]":&RLHE?: M\LU/$OCZR]77M^TS7/_JYSE]:=!=_\#4$L#!!0 ( +AX7%!$F)3CY $ )T$ M 8 >&PO=V]R:W-H965T&UL?53;CML@$/T5Q <$WYI- M(]O2)E'52JT4;=7VF=CCBQ:,"SC>_GT!.U['L?;%,,,YASG@(>Z%?%45@$9O MG#4JP976[9X0E57 J=J(%AJS4@C)J3:A+(EJ)=#=M":=U@]/8YTA)^@?[5G:2(RJ>0UAT;5 MHD$2B@0_^_M3:/$.\+N&7LWFR#JY"/%J@V]Y@CU;$##(M%6@9KC"$1BS0J:, MOZ,FGK:TQ/G\IO[%>3=>+E3!4; _=:ZK!.\PRJ&@'=,OHO\*HY]/&(WFO\,5 MF(';2LP>F6#*?5'6*2WXJ&)*X?1M&.O&C?VH?Z.M$X*1$$P$?_LA(1P)X3LA M^I 0C81H02"#%73T"/%];[V*<-5HZ 2B M.Z.?%T8'S,YA&H<)-U&T*'8-M%LX.CV"@HT?+.HELTOB($O7 IEHFNT]3K+ M3CWV'-A+7N0/IO>&5GF7&1KW!Y5EW2AT$=K\0NZB"R$TF!J]C>F&RKP54\"@ MT';Z9.9RZ)@AT*(='P,RO4CI?U!+ P04 " "X>%Q06@$ '_0% #3'@ M& 'AL+W=O>S=X?W$DO*<#5+KG9VR=OWMOO: MOS3-L/BVWQWZN^7+,!QOUNO^X:79U_V']M@VFY?#^FV>U[WQZZI'Z=! M^]V:E/+K?;T]+.]OIV>?NOO;]G78;0_-IV[1O^[W=???IMFU[W=+O?S^X//V M^648'ZSO;X_U<_-G,_QU_-2EN_79RN-VWQSZ;7M8=,W3W?*COJFL&0=,B+^W MS7M_<;T87?G2ME_'F]\>[Y9J9-3LFH=A-%&GG[>F;':[T5+B\>]L='E^YSCP M\OJ[]5\FYY,S7^J^*=O=/]O'X>5N62P7C\U3_;H;/K?OOS:S0VZYF+W_O7EK M=@D^,DGO>&AW_?1W\?#:#^U^MI*H[.MOI]_M8?I]G^U_'X8'T#R S@.T_^D M,P\P/P;8GPZP\P#+!JQ/KDQS4]5#?7_;M>^+[K2\QWJ,(GUCT^P_C ^GR9[^ MEZ:G3T_?[G6A;M=OHZ$9LSEAZ!)S1JR3]?,K"+UB0V(X7;^@E AOKB&5A&BM M, L#'363 7/E:,8-"PW8R8"]-$">S=0)$R;,X82Q/A:6^0M@*CIBTU))6"1; M>$S:0=(.>$W8@(<&O/2Z8&NS.6'\!4\*A=;,:8"RGL]@!5!D?&:E Z0< &6V M IL@7J-5B(PQ #G'0)4$4:$R? O(MY!\-0^L0KS%FLA )0#9P#\D9$D'S#=" MOA',KV-\(YA?90M&6**B\6RI*@D*+F1B6"N,&)DUQX'LP ML])&A#."&6TSG+$T: ,X1\[92,ZQ$&DKDWK,K1*6!>V$ MQUXLDI,S6P023DN8(<^E#!D+7IL,:ZQ%&HB1(DY;*DCDBUD"T$I*5H5@MG"Y MN<9RI($>13Q5".9"IE(C+%(D12KPC$]2 M5ZP5I &*C.7!#5!>^4R0$)8IDC(5>!XA("M:!\=)2QC)/(*,$>7:$2Q1)"6* MEWX;0NJ3:G3!&N"BLX(V@(5"9?(^89DB(%.\/MD0D!=!6F)24<]C&J ,Y9H' MPE)%LFD2W>6,N7J/,[Q[ *CTN7(UJ@!,*Y>K;PFK(TEU3$8X;:EHEPLZLP;B M&"5I@+J(M&O*6!H)2&/D30]).=-66QD?$A?(Q8+3EC!OR64TG; Z4@#%3,YW MK%2$E(I7]R25Q8EM"(DQ@3L-^J=<^L'J1$"=N&!N" F*BI:7]@CG4_ (VDCM M?%09Z@9+E %]% ^+C9&Z4D3'2X<2P%)YS]>M C!REY7:-6\L4P9T4Y&G?(.D M)8@@03!C@^*\$8QL)GT:K%1&*A4IGC^-U!;CHN4E+X"M4IKE2:(".!=4S/#. M[+7)S3;*AAI6#@.VVYP(-9GM Z]S2@!R_'NK ,B;3/UFL&H8H!I>+!;H@[2R MBA?Z&.=XT%8(%W4N(QDL'D:*!XF^RH!>*'4H@0MC"8&A*'B-52%@+$RN*318 M0(QLKT@4^P9T1-98OI-9(IQ6A2A#$8Y\CCB6+2-EBQ27; /DQB4QYKPEK-#> M\,T29,W[B\_JFC?6+R/UBT1U9)#>!*4-[U4@4!>7F_LS=Z1TRE)FTBU6,"L5 MC)38Q9>:$\1V60E0*7P#MU8!7'0FDU M%C K!8QXL;FQ8)O/B(X%H%8I.?-0 M 3 ?EFD7CR%6[ 52(%';@E@J?>Q7)TKA"M,ZGXSS+%^6=EID>+UP@RZ M/L5)$\X+!H #'E;(W+6')^;KBY.]?=,]3Z>F_>*A?3T,XP'9Q=/SR>Q'&D\& MV?.-OJE.YZL_S)R.>_^HN^?MH5]\:8>AW4^G@T]M.S2)IOJ0!.>EJ1_/-[OF M:1@O0[KN3L>LIYNA/%Q0:B_(&WP" 9 M" & 'AL+W=OZ;N!4N*CM M--&Q1Y8F]";*HB:/S.*WJL+LSYZ4M-W:P'X+/!777*B DR8-OI(?1#PWCTSN MG$'E7%2DY@6M+48N6WL'-D< %4$C?A:DY:.UI4HY4?JB-E_/6]M5CDA),J$D ML+S.P%]2$ ] */ILC%CA-&&TMUOV]#59/$=@@>?J9 M"NK#UO?D\7 9O:<0N(ES5T(]9M]AX @#!H0CU8<4T)1B#Q=T.$UP6"(";PHY M+B%@Y'/BPC,6ZFD!-"D4S KM,*'&U!KSR0M=+W#=V9$<3,@@C/T%\FA ^F$( M)YH3^\AH'QGLSXYQWV&"42H_#KVE^24N\!%:6D<+ZY[GKQOWC<9]@W'/+! 8 M!0*# )I5'BPJ"D$$5IV&QD2A(9%O%HB, M%_.(T63@% ((:K7F-CJMB0*C + M -?\XKL&B7#^YKN+1P#Y<12MN@4K7088DD4K$L8NL@/PWZ=[Z$%COP$"A@?! M&?7'BK"KGCW^R%4D&D3_=!OA6YG-/#IB07H9:A7+-N6'4;09M^$#O#UT#Z%U!+ P04 M" "X>%Q04M7Z);8! #2 P &0 'AL+W=O=6JLSEMG>L/C-FR!2WL%?;0^9L:C1;.FZ9AMC<@ MJ@C2BO$DN6%:R(X66?2=3)'AX)3LX&2(';06YL\1%(XY3>F;XT$VK0L.5F2] M:. 7N-_]R7B++2R5U-!9B1TQ4.?T+CT<]R$^!CQ*&.WJ3$(E9\3G8'RO96#OXB.R]_!IVG\*T\C.DC,Z_[*Q M_S6B R\EN?(CU/H/MA@*:A>.G_S93&,V&0[[^0>QY1L7?P%02P,$% @ MN'A<4,->0%>T 0 T@, !D !X;"]W;W)K&UL M?5/;;MP@$/T5Q >$7>RDTIW_? 3NNVUIY M 6:8<^;,,&2CL2^N!?#D34GMR168&+SL-)TO@O%4Y707 M!(&$T@<&@=L%[D'*0(0R7F=.NJ0,P/7YG?USK!UK.0L']T;^["K?YO26D@IJ M,4C_;,9'F.NYIF0N_@M<0&)X4((Y2B-=7$DY.&_4S()2E'B;]D['?9QNTF2& M;0/X#. +X#;F85.BJ/Q!>%%DUHS$3KWO17CB_8%C;\K@C*V(=RC>H?=2<)YD M[!*(YICC%,-7,?LE@B'[DH)OI3CR_^!\&YYL*DPB//E+8;I-D&X2I)$@_;#$ MK9CK?Y*P54\5V"9.DR.E&72%Q0 M;XTE0[_= MN^-(!V-?7 /@R:M6K..F<,@"7YS?VQU@[UG(1#NZ-^B5+WV3T0$D)E>B5?S+# M%YCJ^43)5/PWN(+"\* $Z(D%I6CQ.NZRC?LPWB3[";8.X!. MSX!#S,/&1%'Y@_ B3ZT9B!U[WXGPQ-LCQ]X4P1E;$>]0O$/O->?\-F770#3% MG,88OHC9SA$,V><4?"W%B?\'Y^OPW:K"783OWBG$1P^E+@6 M\_E#$K;HJ09;QVERI#!]&R=YX9T']H['-_D7/D[[=V%KV3IR,1Y?-O:_,L8# M2MGQC8M $ -(# 9 >&PO=V]R:W-H965TV96Y&+WL-9TOI\?3(<3'@)\]3&YS)J&2BS'/P?A2%S0)@D!"Y0.# MP.T*#R!E($(9OQ=.NJ8,P.WYE?TQUHZU7(2#!R-_];7O"GI'20V-&*5_,M-G M6.JYI60I_BM<06)X4((Y*B-=7$DU.F_4PH)2E'B9]U['?9IO>+; ]@%\ ? 5 M%'FUDS$SKT?1'CB],BQ-U5PQE;$.Q3OT'LMTR3-V340+3&G M.89O8]8(ANQK"KZ7XL3_@_-]>+:K,(OP; O/DGV"PR[!(1(<_B%X7^)>S'N5 M;--3!;:-T^1(948=)WGC70?VGL0N?I_V;L&VO';D8CR\;^]\8XP&E)#&UL?5/;;MP@$/T5 MQ >$7>RDTIW_? 3NNVUIY 6:8<^;,,&2C ML2^N!?#D34GMR168&+SL-)TO@O%4Y707!(&$T@<&@=L% M[D'*0(0R7F=.NJ0,P/7YG?USK!UK.0L']T;^["K?YO26D@IJ,4C_;,9'F.NY MIF0N_@M<0&)X4((Y2B-=7$DY.&_4S()2E'B;]D['?9QNDG2&;0/X#. +X#;F M85.BJ/Q!>%%DUHS$3KWO17CB_8%C;\K@C*V(=RC>H?=2\"3)V"40S3''*8:O M8O9+!$/V)07?2G'D_\'Y-CS95)A$>/*7PG2;(-TD2"-!^F&)6S'7_R1AJYXJ ML$V<)D=*,^@XR2OO,K!W/+[)G_!IVK\*VW3:D;/Q^+*Q_[4Q'E#*[@I'J,4/ MMA@2:A^.G_!LIS&;#&_Z^0>QY1L7OP%02P,$% @ N'A<4'KTX">U 0 MT@, !D !X;"]W;W)K&UL?5/;;MP@$/T5Q >$ M7;Q-5BO;4C91E4JMM$K5YIFUQQ<%& ?P.OW[ G8<)[7Z LPPY\R984@'-,^V M 7#D54EM,]HXUQT8LT4#2M@K[$#[FPJ-$LZ;IF:V,R#*"%*2\8J]DZV&DR&V5TJ8/T>0.&1T2]\=J)&GZ"^]6=C+?8S%*V M"K1M41,#549OMX?C+L3'@-\M#'9Q)J&2,^)S,+Z5&=T$02"A<(%!^.T"=R!E M(/(R7B9..J<,P.7YC?UKK-W7ZOC/HPW/)E@ZP ^ ?@,V,<\;$P4 ME=\+)_+4X$#,V/M.A"?>'KCO31&7*=LDL@FF*.8PQ?Q&SG M".;9YQ1\+<61_P/GZ_!D56$2X/T_Y#F+K5EIS1^9>-_:\0'7@IFRL_0HW_8+,A MH7+A>.//9ARST7#833^(S=\X_PM02P,$% @ N'A<4$&UL?5/;;M0P$/T5RQ]0)]X4 MRBJ)U"U"((&T*J(\>Y/)1?4EV,ZF_#UC)PT11'VQ/>-SSEP\SB=CGUT'X,F+ MDMH5M/-^.#+FJ@Z4<#=F (TWC;%*>#1MR]Q@0=21I"3C2?*.*=%K6N;1=[9E M;D8O>PUG2]RHE+"_3R#-5-"4OCH>^[;SP<'*?! M? ?_8SA;M-BJ4O<*M.N- M)A::@MZGQU,6\!'PU,/D-F<2*KD8\QR,+W5!DY 02*A\4!"X7>$!I Q"F,:O M19.N(0-Q>WY5_Q1KQUHNPL&#D3_[VG<%O:.DAD:,TC^:Z3,L]=Q2LA3_%:X@ M$1XRP1B5D2ZNI!J=-VI1P524>)GW7L=]FF^R=*'M$_A"X"OA+L9A5,$96Q'O,'F'WFO)#Q]R=@U""^8T8_@&DZX(ANIK M"+X7XL3_H_-]^F$WPT.D'[;T+-D7R'8%LBB0O5GB#B;[MTBVZ:D"V\9I.7(S'EXW];XSQ@*DD-SA"'7ZPU9#0^'!\ MCV<[C]EL>#,L/XBMW[C\ U!+ P04 " "X>%Q0$(83K+,! #2 P &0 M 'AL+W=OS;%H7'*S(>M' -W#?^Y/Q%EM8*JFALQ([8J#. MZ?W^<$Q#? SX(6&TJS,)E9P17X/QNU,&9VQ%O//BK?=>"I[RC%T"T1QSG&+X*F:_1##/OJ3@6RF. M_!\XWX8GFPJ3"$_^4)AL$Z2;!&DD2/];XE9,^E<2MNJI!M/$:;*DQ*&+D[SR M+@-[S^.;O(=/T_Y5F$9VEIS1^9>-_:\1'7@INQL_0JW_8(NAH';A^-&?S31F MD^&PGW\06[YQ\1M02P,$% @ N'A<4'N$RY6U 0 T@, !D !X;"]W M;W)K&UL?5-A;]L@$/TKB!]0$N(V561;:EI5G;1) M4:MMGXE]ME'!N(#C[M_WP*[G;=:^ '?<>_?N.-+!V%?7 'CRKE7K,MIXWQT8 M)9UXX.#Y6DG:G@!_[T[6;38S%)*#:V3IB46JHS>;0_' M),3'@!\2!KF;C-Y24D(E>N6?S? $4SW7E$S%?X4+* P/2C!'892+ M*REZYXV>6%"*%N_C+MNX#^/-/IE@ZP ^ ?@,N(UYV)@H*G\07N2I-0.Q8^\[ M$9YX>^#8FR(X8ROB'8IWZ+WD/+E.V24033'',88O8K9S!$/V.05?2W'D_\#Y M.GRWJG 7X;L_%-ZL$R2K!$DD2/Y;XEK,_J\D;-%3#;:.T^1(8?HV3O+".P_L M'8]O\CM\G/9OPM:R=>1L/+YL[']EC >4LKG"$6KP@\V&@LJ'XQ[/=ARST?"F MFWX0F[]Q_@%02P,$% @ N'A<4#0:_S&W 0 T@, !D !X;"]W;W)K M&UL;5-A;]P@#/TKB!]0FAPYO:F.U\&C:AKG>@J@B2"O&D^0#TT)VM,BB[VR+S Q>R0[.EKA!:V%_ MGT"9,:<[^N9XDDWK@X,562\:^ [^1W^V:+&%I9(:.B=-1RS4.;W;'4]IB(\! MSQ)&MSJ34,G%F)=@?*ERF@1!H*#T@4'@=H5[4"H0H8Q?,R==4@;@^OS&_AAK MQUHNPL&]43]EY=N<'BBIH!:#\D]F_ QS/;>4S,5_A2LH# ]*,$=IE(LK*0?G MC9Y94(H6K],NN[B/T\W^,,.V 7P&\ 5PB'G8E"@J?Q!>%)DU([%3[WL1GGAW MY-B;,CAC*^(=BG?HO18\/63L&HCFF-,4PU%\E6/=5@FSA-CI1FZ.(DK[S+P-[Q M^"9_PZ=I_R9L(SM'+L;CR\;^U\9X0"G)#8Y0BQ]L,134/AP_XME.8S89WO3S M#V++-R[^ %!+ P04 " "X>%Q0[4& [;0! #2 P &0 'AL+W=O!:2$[6F31=S9%AH-3LH.S(7;06IBW M$R@<<[JG[XXGV;0N.%B1]:*!;^"^]V?C+;:P5%)#9R5VQ$"=T[O]\92&^!CP M0\)H5V<2*KD@/@?CHL7)O3 R45U&)0[@G'+S#7E?2=BJIQI,$Z?)DA*'+D[RRKL,[!V/;_([ M?)KV1V$:V5ER0>=?-O:_1G3@I>QN_ BU_H,MAH+:A>-'?S;3F$V&PW[^06SY MQL4O4$L#!!0 ( +AX7% RD#+$M0$ -(# 9 >&PO=V]R:W-H965T M<"CKM_7\"NYVW6O@!WW'OW[CC2 =>JM1EMG.L.C-FB 2WL%7;0 M^IL*C1;.FZ9FMC,@R@C2BO'-YIII(5N:I]%W,GF*O5.RA9,AMM=:F%]'4#AD M=$L_'<^R;EQPL#SM1 TOX+YW)^,M-K.44D-K);;$0)71N^WAF(3X&/!#PF 7 M9Q(J.2.^!N-+F=%-$ 0*"A<8A-\N< ]*!2(OXVWBI'/* %R>/]D?8^V^EK.P M<(_JIRQ=D]%;2DJH1*_<,PY/,-6SIV0J_BM<0/GPH,3G*%#9N)*BMP[UQ.*E M:/$^[K*-^S#>)+L)M@[@$X#/@-N8AXV)HO('X42>&AR(&7O?B?#$VP/WO2F" M,[8BWGGQUGLO.=_O4W8)1%/,<8SABYCM',$\^YR"KZ4X\G_@?!V^6U6XB_#= M'PJOUPF258(D$B3_+7$MYN:O)&S14PVFCM-D28%]&R=YX9T']H['-_D=/D[[ M-V%JV5IR1N=?-O:_0G3@I6RN_ @U_H/-AH+*A>.-/YMQS$;#83?](#9_X_P# M4$L#!!0 ( +AX7%#Z,65>MP$ -(# 9 >&PO=V]R:W-H965T;8ZG78B/ ;\E#&YQ)J&2 MBS'/P?A>9C0)@D!!X0.#P.T*]Z!4($(9?R9..J<,P.7YC?UKK!UKN0@']T8] MR=(W&3U04D(E>N4?S? -IGKVE$S%_X K* P/2C!'892+*REZYXV>6%"*%B_C M+MNX#^/-GD^P=0"? 'P&'&(>-B:*RK\(+_+4FH'8L?>="$^\.7+L31&-_:^,\8!2DAL&UL?5-A;]P@#/TKB!]0[DC:5:M.IL3EOG^@-CMFQ!"WN%/73^ID:C MA?.F:9CM#8@J@K1B?+>[85K(CA99])U,D>'@E.S@9(@=M!;F]0@*QYSNZ9OC M43:M"PY69+UHX >XG_W)>(LM+)74T%F)'3%0Y_1N?SBF(3X&_)(PVM69A$K. MB,_!^%;E=!<$@8+2!0;AMPO<@U*!R,OX/7/2)64 KL]O[%]B[;Z6L[!PC^I) M5J[-Z2TE%=1B4.X1QZ\PUW--R5S\=[B \N%!B<]1HK)Q)>5@'>J9Q4O1XF7: M91?W<;JY3F;8-H#/ +X ;F,>-B6*RC\+)XK,X$C,U/M>A"?>'[CO31F+(_X'S;7BRJ3")\.2=PF2; M(-TD2"-!^M\2MV+2#TG8JJ<:3!.GR9(2ARY.\LJ[#.P=CV_R-WR:]@=A&ME9 M%Q0QBU8D+4! #2 P &0 'AL+W=O?YD?XRU^UK.PL(]RI]MZ9J, MWE)20B5ZZ9YQ>(*IGFM*IN*_P@6D#P]*?(X"I8TK*7KK4$TL7HH2[^/>ZK@/ MXTV23+!U )\ ? ;N.]-$9RQ%?'.B[?> M>\GY_CIEET TQ1S'&+Z(VRN?(CU/@/-AL2*A>.-_YLQC$;#8?=](/8_(WS#U!+ P04 M" "X>%Q0YT'+P+4! #2 P &0 'AL+W=O2V2O=@_(WC3:2.6^:EMC> M *LC2 I"L^R:2,85+O/H.YDRUX,37,')(#M(R"[S!;XXGWG8N.$B9 M]ZR%[^!^]"?C+3*SU%R"LEPK9* I\.WF<-R%^!CPD\-H%V<4*CEK_1R,^[K M61 $ BH7&)C?+G '0@0B+^-WXL1SR@!,4O$/< 'APX,2GZ/2PL8558-U6B86+T6REVGG*NYCNMDG MV#J )@"= ?N8ATR)HO(OS+$R-WI$9NI]S\(3;P[4]Z8*SMB*>.?%6^^]E/1Z MGY-+($HQQRF&+F(V.-_YLIC&;#*?[](/(_(W+/U!+ P04 " "X M>%Q0VRHJ5K0! #2 P &0 'AL+W=O:<.3,,Z8#FR38 CKPHJ6U&&^>Z/6.V:$ )>X$=:']3H5'">=/4S'8&1!E! M2C*^V5PQ)5I-\S3ZCB9/L7>RU7 TQ/9*"?/G !*'C&[IJ^.AK1L7'"Q/.U'# M3W"_NJ/Q%IM9RE:!MBUJ8J#*Z.UV?]B%^!CPNX7!+LXD5')"? K&MS*CFR ( M)!0N, B_G>$.I Q$7L;SQ$GGE &X/+^R?XFU^UI.PL(=RL>V=$U&;R@IH1*] M= \X?(6IGDM*IN*_PQFD#P]*?(X"I8TK*7KK4$TL7HH2+^/>ZK@/XTUR.<'6 M 7P"\!EP$_.P,5%4?B^?8Y!5]+<>#_P/DZ/%E5F$1X\D[A?PAVJP2[2+#[M,2U MF.1#$K;HJ0)3QVFRI,!>QTE>>.>!O>7Q3=["QVG_(4S=:DM.Z/S+QOY7B Z\ ME,V%'Z'&?[#9D%"Y<+SV9S..V6@X[*8?Q.9OG/\%4$L#!!0 ( +AX7%"> MEP(&MP$ -(# 9 >&PO=V]R:W-H965TZXY[GG MCB,=T+S8!L"15R6US6CC7'=DS!8-*&%OL /M;RHT2CAOFIK9SH H(TA)QC>; M6Z9$JVF>1M_9Y"GV3K8:SH;87BEA_IY XI#1+7US/+=UXX*#Y6DG:O@![F=W M-MYB,TO9*M"V14T,5!F]WQY/28B/ ;]:&.SB3$(E%\278'PM,[H)@D!"X0*# M\-L5'D#*0.1E_)DXZ9PR )?G-_:G6+NOY2(L/*#\W9:NR>@=)254HI?N&8[),)M@[@$X#/ M@+N8AXV)HO)'X42>&AR(&7O?B?#$VR/WO2F",[8BWGGQUGNO.3\D*;L&HBGF M-,;P1?4[!UU*<^']PO@[?K2K<1?CN@\+].D&R2I!$@N0#P>VG$M=B M#I^2L$5/%9@Z3I,E!?8Z3O+".P_L/8]O\AX^3OMW8>I66W)!YU\V]K]"=."E M;&[\"#7^@\V&A,J%X\&?S3AFH^&PFWX0F[]Q_@]02P,$% @ N'A<4(SX M11BV 0 T@, !D !X;"]W;W)K&UL?5-A;]L@ M$/TKB!]0')*M:61;:CI-F]1*4:=MGXE]ME'!>(#C]M_WP*[GM=:^ '?<>_?N M.-+!V"?7 'CRK%7K,MIXWQT8R>6IZKV0+)TM=J)&GZ _]F= M+%IL9BFEAM9)TQ(+549O-X?C+L3'@%\2!KN4?S? - MIGH^43(5?P\74!@>E&".PB@75U+TSAL]L: 4+9['7;9Q'\8;?C/!U@%\ O 9 ML(]YV)@H*O\BO,A3:P9BQ]YW(CSQYL"Q-T5PQE;$.Q3OT'O)^?4^99= -,4< MQQB^B-G,$0S9YQ1\+<61?X#S=?AV5>$VPK?_*+Q9)]BM$NPBP>Z_):[$[)-W M2=BBIQIL':?)D<+T;9SDA7<>V%L>W^1O^#CM#\+6LG7D;#R^;.Q_98P'E))< MX0@U^,%F0T'EP_$:SW8&PO=V]R:W-H965T\9':U M62ODJ[IPKH.WJJS5.KQHW3Q&D9/=O+32:NNBQJOI>!NE85D_]VO!3M.L3A^\%S<;[H[B#:9 T[ M\U]<_V[VTNRBD>585+Q6A:@#R4_K<(L?=\0&6,1+P5LU60==*@,ESW5$P\[CQ)UZ6'9.YQ]^!-!PUN\#I^IW]JTW>)'-@BC^)\D]QU)=U MF(3!D9_8M=3/HOW&AX3B,!BR_\%OO#3P[B9&(Q>ELK]!?E5:5 .+N4K%WOIG M4=MGV[^)%T,8'$"& #(&)%8GZH7LS;\PS3:9%&T@^X_?L.X_QH_$?)N\.[2? MPKXSEU?F]+8A"!G#=8TI0.&Z&03-V!G#Y8^! MVDY=0X.@&4=CN -@O[PI$F@/T*I\CSP>>@>QVX#V"@R)>QJ^.# M*)KS-=P*L%_G%+FM$P3-^0WN!M@O=8H\OT&@&;\1N!\0O]0IQ@<1)"&PO=V]R:W-H965T&,"*S5#;+.G? MUS:$TI07VS,^Y\S%XWQ"\VP[ $=>M.IM03OGAB-CMNI "WN# _3^ID&CA?.F M:9D=#(@ZDK1B_'!XS[20/2WSZ#N;,L?1*=G#V1 [:BW,[Q,HG J:T%?'HVP[ M%QRLS ?1PG=P/X:S\19;56JIH;<2>V*@*>A]$A$Q^C0F7C2JK1.M2+BD]%BY=YEWW< MI_GF]L-"VR?PARS3A.;L&H05SFC%\@TE6!//J:PB^%^+$_Z/S?7JZFV$:Z>F6SK-]@6Q7 M((L"V3\EIF]*W,.\#<(V/=5@VCA-EE0X]G&2-]YU8.]Y?)._\'G:OPG3RMZ2 M"SK_LK'_#:(#G\KAQH]0YS_8:BAH7#C>^K.9QVPV' [+#V+K-R[_ %!+ P04 M " "X>%Q0VV"AG;8! #2 P &0 'AL+W=O=.JLSEMG>N/C-FR!2WL#?;0^9L:C1;.FZ9A MMC<@JDC2BO'=[HYI(3M:9-%W-D6&@U.R@[,A=M!:F-\G4#CF-*'OCA?9M"XX M6)'UHH%OX+[W9^,MMJA44D-G)7;$0)W3A^1X2@,^ GY(&.WJ3$(E%\378'RN M7A(1,?HT1EXTK*P3K4LXI/18NW:9==W,?I M)CW,M&T"GPE\(=S'.&P*%#-_$DX4F<&1F*GWO0A/G!RY[TT9G+$5\&UL=53K;ML@%'X5Q ,4&R=9&MF6FDY3)VU2U&GM;V(?7U0P+N"X>_L!=ETO MHW\,Y_!=SL% .DKUHAL @]X$[W2&&V/Z R&Z:$ P?2-[Z.Q*)95@QH:J)KI7 MP$I/$IS0*-H1P=H.YZG/G52>RL'PMH.30GH0@JD_1^!RS'",WQ./;=T8ER!Y MVK,:?H'YW9^4C IQ9&O9HCU\E9RA<7?"\S M'+F"@$-AG *SPP7N@7,G9,MXG37Q8NF(Z_F[^C??N^WES#3<2_[8^]EB-#?_ R[ +=Q58CT*R;7_HF+01HI9Q98BV-LTMIT?QVDE MN9UI80*="70A[+T/F8Q\Y5^987FJY(C4M/<]<[\X/E"[-X5+^JWP:[9X;;.7 M/(GW*;DXH1ESG#!TA8D7!+'JBP4-61SI?W0:IB?!"A-/3];T) H+;(("&R^P M^:?%VZL6 QCZB&UL?53M;ML@%'T5Q ,4Q\1I M%MF6FE35)FU2U&G;;V)??ZA@/"!Q]_8#['JNB_;'<"_GG/MA+ND@U8MN QZ M%;S3&6Z,Z0^$Z*(!P?2=[*&S)Y54@AEKJIKH7@$K/4EP$D?1C@C6=CA/O>^L M\E1>#6\[."NDKT(P]><(7 X9WN WQW-;-\8Y2)[VK(;O8'[T9V4M,JN4K8!. MM[)#"JH,/VP.I\3A/>!G"X->[)&KY"+EBS.^E!F.7$+ H3!.@=GE!B?@W G9 M-'Y/FG@.Z8C+_9OZDZ_=UG)A&DZ2_VI+TV1XCU$)%;MR\RR'SS#5DV T%?\5 M;L MW&5B8Q22:_]%Q54;*285FXI@K^/:=GX=QI.$3K0P(9X(\4S81_\ET(E M5P0R9N9+?62&Y:F2 U+CS^J9NQ.; [7-+)S3]\Z?V6JU]=YR&B)0B&/\@1Z_#W#ZB-C1< 0:+()Z/EU&H-NPP#8HL/4"VW== MV*VZ$,+&PO=V]R:W-H965TP*%7*90M M<>_<<"3$UCU(9N_T ,KOM-I(YOS2=,0.!E@325(0NMM]())QA:LBQLZF*O3H M!%=P-LB.4C+SYP1"3R7>X[? ,^]Z%P*D*@;6P7=P/X:S\2NRJC1<@K)<*V2@ M+?'C_GC* SX"?G*8[&:.0B47K5_"XDM3XEU(" 34+B@P/USA"80(0CZ-WXLF M7BT#<3M_4_\4:_>U7)B%)RU^\<;U)7[ J(&6C<(]Z^DS+/7D&"W%?X4K" \/ MF7B/6@L;OZ@>K=-R4?&I2/8ZCUS%<9IWLGRAI0ET(="5\!!]R&P4,__('*L* MHR=DYK,?6+CB_9'ZLZE#,!Y%W//)6Q^]5EFV+\@U""V8TXRA&\P[@GCUU8*F M+$[T/SI-T[-DAEFD9UMZ=I\6."0%#E'@\$^)]*;$%"9+F^1)DSPA<+@Q26'R M&Q.RN3@)IHM/UJ):CRJVRR:Z=L4CC1?_#I];ZALS'5<67;3SSR=>F]WYNYK<\+YP>EC8EZ[^B^@M02P,$% @ N'A<4-S_ M2NJX 0 T@, !D !X;"]W;W)K&UL;5/;;IPP M$/T5RQ\0@Z%)N@*D;*HJE1IIE:KMLQ<&L.(+L+$]XW/.7#PN M)FV>;0_@T*L4RI:X=VXX$&+K'B2S5WH Y6]:;21SWC0=L8,!UD22%(0FR361 MC"M<%=%W,E6A1R>X@I-!=I22F;]2XX2%4,K(-?X'X/)^,M MLJHT7(*R7"MDH"WQ77HXY@$? 7\X3'9S1J&2L];/P?C1E#@)"8& V@4%YK<+ MW(,00NXC[--WFZT/8)="'0E7 ; MXY Y4,S\&W.L*HR>D)E[/[#PQ.F!^M[4P1E;$>]\\M9[+U6671?D$H06S''& MT TF71'$JZ\AZ%Z((_U$I_OT;#?#+-*S+3U/]@7R78$\"N1;@>SKAQ(_8[+L MYD,0LNFI!-/%:;*HUJ.*D[SQK@-[1^.;_(?/T_[(3,>516?M_,O&_K=:._"I M)%=^A'K_P59#0.O"\<:?S3QFL^'TL/P@LG[CZA]02P,$% @ N'A<4)I! M:Y:W 0 T@, !D !X;"]W;W)K&UL;5/;;IPP M$/T5RQ\0LX:DVQ4@95-5K=1*JU1-GKTP@!5?B&V6].]K&Y;0E!?;,S[GS,7C M?-3FQ78 #KU)H6R!.^?Z R&VZD R>Z-[4/ZFT48RYTW3$ML;8'4D24%HDMP1 MR;C"91Y])U/F>G""*S@99 8U1#PP;A'O7X#>9Z M;C&:B_\!%Q >'C+Q,2HM;%Q1-5BGY:SB4Y'L;=JYBOLXW=Q>:=L$.A/H0MA' M ID"QH\Q]L,00T+AP_^;.9QFPRG.[G'T26;US^!5!+ P04 " "X>%Q0YYN4 MI[(! #2 P &0 'AL+W=OV$ *S:FMEG2O^_8L(1N><$SPSEG+AYG MH[&OK@7PY$VKSN6T];X_,.;*%K1P=Z:'#O_4QFKAT;4-<[T%44625HSO=@], M"]G1(HNQDRTR,W@E.SA9X@:MA?US!&7&G.[I-? BF]:' "NR7C3P'?R/_F31 M8XM*)35T3IJ.6*AS^K@_'-. CX"?$D:WLDGHY&S,:W"^5#G=A8) 0>F#@L#C M D^@5!#",G[/FG1)&8AK^ZK^''O'7L["P9-1OV3EVYQ^I*2"6@S*OYCQ,\S] MW%,R-_\5+J 0'BK!'*51+GY).3AO]*R"I6CQ-IVRB^K*FIP_; NFF0!H%TG]:Y#P<.1N/-QOG7QOC 4O9W>$*M?C M%D=![8/Y 6T[K=GD>-//+X@MS[CX"U!+ P04 " "X>%Q03>0+DK5%2VX)VSO5'QFS5@>+V!GO0_J9!H[CSIFF9[0WP.I*49,EN=\L4%YJ6>?2= M39GCX*30<#;$#DIQ\^<$$L>"[NFKXTFTG0L.5N8];^$[N!_]V7B++2JU4*"M M0$T,- 6]WQ]/6:YEF6QN_ AU_H,M MAH3&A>,'?S;3F$V&PW[^06SYQN5?4$L#!!0 ( +AX7%#\1X#?Q@$ #<$ M 9 >&PO=V]R:W-H965T&,"*C8EMEN3O:QM"Z<8OV#,^Y\S%'O))JA?= 1CT M)GBO"]P9,QP(T54'@NH;.4!O3QJI!#765"W1@P):>Y+@)(ZB6R(HZW&9>]]) ME;D<#6<]G!32HQ!4O1^!RZG ._SA>&9M9YR#E/E 6_@)YM=P4M8BJTK-!/2: MR1XI: I\OSL<,X?W@-\,)KW9(U?)6%TT\1K2$;?[#_5OOG9;RYEJ>)#\#ZM-5^ ]1C4T=.3F64Z/L-238;04_P,N MP"W<96)C5))K_T75J(T4BXI-1="W>66]7Z?Y)$L76I@0+X1X)>Q]'#('\IE_ MI8:6N9(34G/O!^JN>'>(;6\JY_2M\&6V]ES))[W)R<4(+YCACX@UFMR*( M55]#Q*$0Q_@3/0[3DV"&B:&UL M=53;CILP$/T5Q >L"01"(T#:[&K52JT4;=7VV8'AHK4QM9VP_?O:AE!*IR_8 M'I_+C(TG&X5\4RV ]MXYZU7NMUH/1T)4V0*GZD$,T)N=6DA.M5G*AJA! JT< MB3,2!D%"..UZO\A<["R+3%PUZWHX2T]=.:?RUPF8&'-_Y]\#KUW3:AL@13;0 M!KZ"_C:?JMP/ M;$+ H-16@9KA!D_ F!4R:?R<-?W%TA+7\[OZBZO=U'*A"IX$^]%5NLW]U/,F,6H2(P+QQ@3#_*>2!#5)$('#Q@3#I+C) 34Y( (?-B8()@EP MDQ0U21&!W<8$PVS_'++ZSSG(QKUPY97BVKONLHHN3>0Q=._D#WSJ0%^H;+I> M>1>AS6MS;Z(60H-))7@P5]>:IKG/RVT&.:N1I;66OP&4$L# M!!0 ( +AX7%"S-=DIT0$ )P$ 9 >&PO=V]R:W-H965T 5P:3WLR1Z^0BY9L+ MOM0%WKF"@$-EG *UPQ4>@7,G9,OXM6CBU=(1M_,/]6??N^WE0C4\2OZ3U:8K M\ &C&AHZ'R.[-Y5+^JWP:[9X M;;/7,L[BG%R=T((YS9AH@]FO"&+55XLH9'&*_J-'87HV[F:+\P<&#DL;P%9'Z3R#U!+ P04 " "X>%Q0/3\5:+8! #2 M P &0 'AL+W=OV$ *[Y0VRSIWW=L"*4I?;$]XW/.7#S.1V-?7 ?@ MR:N2VA6T\[X_,N:J#A1W-Z8'C3>-L8I[-&W+7&^!UY&D),N2Y -37&A:YM%W MMF5N!B^%AK,E;E"*VU\GD&8L:$K?',^B[7QPL#+O>0M?P7_KSQ8MMJC40H%V MPFABH2GH?7H\[0,^ KX+&-WJ3$(E%V->@O&I+F@2$@()E0\*'+X M@D1XR 1C5$:ZN))J<-ZH60534?QUVH6.^SC=W*8S;9N0S81L(=S%.&P*%#/_ MR#TO]SP\<7K,L#=5<,96Q#M,WJ'W6NX.2F'_PCL-P7V46#_5XGINQ*W,.^#L%5/%=@V M3I,CE1ETG.25=QG8^RR^R1_X-.U?N&V%=N1B/+YL[']CC =,);G!$>KP@RV& MA,:'XP'/=AJSR?"FGW\06[YQ^1M02P,$% @ N'A<4,;F/72V 0 T@, M !D !X;"]W;W)K&UL;5/;;MP@$/T5Q >$7>SM M1BO;4C95U4JMM$K5]IFUQS8*&!?P.OW[#MAQW-0OP SGG+DP9*.QSZX%\.1% MJ\[EM/6^/S'FRA:T<'>FAPYO:F.U\&C:AKG>@J@B22O&=[L/3 O9T2*+OHLM M,C-X)3NX6.(&K87]7@O-&S"J:BQH?=6),,)7='8Y0BQ]L,134 M/AR/>+;3F$V&-_W\@]CRC8N_4$L#!!0 ( +AX7%"./).=)@( +<& 9 M >&PO=V]R:W-H965TM MIHW8N:64[18 <2I)C<43:TFC=LZ,UUBJD%^ :#G!A2'5% 2>%X$:5XV;I6;M MP+.4726M&G+@CKC6->9_G@EEW<[UW?O"2W4II5X 6=KB"_E.Y(_VP%4$1I6B MJDDC*M8XG)QW[D=_N]]HO '\K$@G)G-'5W)D[%4'7XJ=ZVE#A)*3U I8#3>2 M$TJUD++Q>]!TQY2:.)W?U3^9VE4M1RQ(SNBOJI#ESDU?P_N^V6!\B?XM4]T]ZT33;[*GV"+5Z MRV "FA0;,G*4_^I^D;:Y;-XQ.0;U;MM*4!DQM!7^G?,+]4C7".3*K+ MQ5P!9\8D48K>D_I#I7I%QH"2L]336,UY?Y?V@63M\$R \:W*_@)02P,$% M @ N'A<4 H*+871 0 D 0 !D !X;"]W;W)K&ULC531CIP@%/T5PWL7%=;93-2D.Y.F3=IDLDW;9T:OHUD0"\RX_?L",F;& M-4U?A'LYYW#N1@UYWL(P5-@3XFVSUU> _XV<&H;^:1J^0HY:L+ MOM0%BITAX% 9I\#L<($=<.Z$K(W?01/-6SKB[?RJ_LG7;FLY,@T[R7]UM6D+ M](2B&AIVYN9%CI\AU/.(HE#\5[@ MW#GQ.Y12:[]-ZK.VD@15*P5P=ZFL>O] M. ;]*VV=D 9".A,2^D\""03ROP0:"'1!P%,IOC=[9EB9*SE&:CK=@;F?*-E2 MV_W*)7VS_9IMC[;92TF>TAQ?G%# /$^8] :S0.S>(S)R#]F_AR1)/&.P-3D[ M35>=IEZ WCDEZP)D58!X 7(G0-<%Z*H 77'PN.C5A-EX3.\Q'S*29HM^K: V M)%VV; 5%-UFVL(QOCMK=U6],G;I>1T=I[%_CS[:1TH!5C!_L!6CM\S ''!KC MIAL[5],EF0(CAW#_\?P(E7\!4$L#!!0 ( +AX7% 7(3!;CP, P0 9 M >&PO=V]R:W-H965T^M/=PE2;O>ZRIOWYF#KMV7K6FJW+IALTO:0Z/S36]4E0D0DB55 M7M3Q:M'//3>KA3G:LJCU]2%\F+,SV[P<;., M2>>1+O7:=A2Y>[SJ1UV6'9/SX]=(&I_7[ POW]_8W_?!NV!>\E8_FO)'L;'[ M92SC:*.W^;&T7\SI@QX#2N-HC/Z3?M6E@W>>N#76IFS[O]'ZV%I3C2S.E2K_ M/3R+NG^>AB^ M K E'B PA^L%'D-$QJXA3R&$4H)[P=! 64_ K@(5. %'"7A/P*\\H)Y2 T;T MF+K'<$HD(UZ\(8Q)&K ](3 A,Y7A7J>HUVG@-9,2)\A0@FR^;@(E$#-T&S#9 M9:0I9* \W1 8@,JXIQL"HYS Q*:5J-<2T4WA! HE4/-UHP1/33)#N1%T%2Q3 MF?"4PV I2#_+$!@'1MB$WQ,EA8;:J8E J-\*E\I7F9H6&>8FMBZ%,]YFMZ@'I[U-)NC7H;$2V2@'@(C3/C5 M#H5),:4>7FPH5FWX! 6>^53>H!Z>^U3-44^%*4D(E[YZ(0P44<17#V,3?,)O MP"L.A!6'*9B@P),?Z'SU $]^@!GJC: K6:@0PI@*>_\!O$!#/?P@/?43 - A8DI0$5[,0)@0(?_MA,)F)B:H/>-&! ML.@P-9&\@.<_B!O4P_,?PJ,?44]BI8_QS)0.Z=AVO.Q#6 M':;2B5LR7@(8F2\@PTL "\__4, 1='FY!2#>3>X10]'4/SD0%"/SZ=K.-UN98VZZSN)@]M[3WT+54WOR#:W6'QO0?S= G?\Z;75&WT8NQKF'K MVZJM,58[)\D[ER%[UYJ?!Z7>VNY5N/=FZ$^'@36'L?=.SC\ K/X"4$L#!!0 M ( +AX7%!-L.$(5@, *L- 9 >&PO=V]R:W-H965T)Y[7; Z\S)I[<>256MF) MNLRD&M9[KSG6/-MJH[+PT/=CK\SRRIU/]=QC/9^*DRSRBC_63G,JRZS^L^"% MN,Q<<-\FGO+]0;83WGQZS/;\.Y<_CH^U&GF#EVU>\JK)1>74?#=S'V"R1FP- M-.)GSB_-U;O3IO(LQ$L[^+*=N7[+B!=\(UL7F7J<^9(71>M)\?C=.W6'F*WA M]?N;]T\Z>97,<];PI2A^Y5MYF+F)ZVSY+CL5\DER^*2IF]=L^\TL]+[__-C#; W@ _:A#T!L%@$+#_&H2] M0?A1@Z@WB 8#[,K;Y:Z+NN7748Y8=!J\P," \Y7T(@52()5KF0HPL<94&H-&KC9BI)P122(B2!@AEAV&786( M?/\JUXZ(C0K39*PB,4DF)DH:T X8Z8 1V81&-LPJ6)(FS"RKC8ICED8TF80D MDQ!D(H-,8N]>6S6##('RDR >*4U*LDD)-N;13*TX+1GS=%$H%B8T&?!IH? ) M.LQ4"M^*%$7&=JX($,8C7$9$"P@NAEPL"%!L\05[GZ(((3 IVSC$, UPA#8I MA ^ Q&D943"@)0P".W/PS:P".RM$-+N"@-U!F(QM!2V)0&@BF)H(MN2E81B; M?&S4'2!C8WU*RR/8^@AH$8KL_8286=MNPU2%,#8Z>@VVDJ*/(T(*M)("(:4P MUE^TE@(AIF8KK\'624AA1":!UDD@A!*LHM@:>(?A6$:T! *A@1"9@6QY"T)& MQT%:W- 6-[MI>A![IVD(&-DTE+O1ID%3"&]7:;U!?%?]"=]>8;UF] MSZO&>192?1[KC]B=$)*KM/Q[=2(/ZN8T# J^D^TK4^]U=WWH!E(<^ZN1-]S/ MYG\!4$L#!!0 ( +AX7%"I9U=I.@8 ),C 9 >&PO=V]R:W-H965T M_M1LNI)]YZ;IE\26SJD#FF>'RE*UZ]U\Z5]JJIN\?6P/[8WRZ>N M.UVM5NW=4W4HVP_UJ3JF,P]UZXO+T> MCGUL;J_KYVZ_.U8?FT7[?#B4S;_K:E^_WBS-\MN!3[O'IZX_L+J]/I6/U1]5 M]^?I8Y.^K2ZUW.\.U;'=U<=%4SW<+'\R5]OH^@*#XJ]=]=I./B_ZIGRNZR_] MEU_O;Y99[ZC:5W==7T69_KU4FVJ_[VM*/OX9*UU>KMD7G'[^5OO/0^-38SZ7 M;;6I]W_O[KNGFV6^7-Q7#^7SOOM4O_Y2C0WRR\78^M^JEVJ?Y+V3=(V[>M\. M?Q=WSVU7'\9:DI5#^?7\?W<<_K^>ST0:B^$"-!:@2X$\>[. '0O82P'CWBS@ MQ@*.%5B=FS+TS;;LRMOKIGY=-.>?]U3VH\AJ_&>C&7-E3(B5UC"CAUT[(!CUJUKJ1&.SY(P=1P=]PM$ MCER&[7IHUP.[[#)KJ1%VO7"2W'*[4E10EF.W ;H-PDGTS$D0%W$9.5,P+T"6 MIY87V$V$;B+H.\?Z3FI$WT5AQ086U:W4>$,&F\VAV1R897VWEAIA-I=#SA:1 MD!( @_%L$)^)^['B0D&@%XA,T#H'D]<@]/(Q M8R0S*>3<#! 5FAG,52.A*5!E)!!MEOO(W0!NIC0I=C XC22G8-7&2"@2<7 B MD5.\8&P:Q$W1-Y)X,Q%D""/<"F!>U'PDCSTCFF4P9 M=H0Q1=G[&4,84V3>P9A1-(,'Y1H]2%D=(IIQ>I#$U&PE-+\0QA0A3/%?F0"! M,J?,$H011!)!(O4DX9+[*1#G%\)X(;1NXWDFP)?)RF)^'6>T2CCO)N$_7AO,J<$JI^(&;&IQ2*Q<3,F*C:-:KF>-3 M%5#YF"F=;W'B+4H\SZ&5B:? EUI I/'88B98Q 0^$JQD0L%Y##0F*FFVRLVG MQ(9(LY74B$XL08'*%]JT:3%;+%K>\,A;"1?GN1FI44)D,7PL@H_H& D?DV7< M"KIO5+Q@0%D)* $.*_ED9*\ B&E6,,.L9%BZS5"JP'BR^0^P!>/)HD6$8(N\ M)[*6KSN!R&NX=1AT#H&.D\5)A!&/_!:(IER8F\&8G^ M7IE\/&:*1^LFO@SQDA?.%EK?86!X! S1)DD#,LHVNL<\\)('/(9;#U8[P6C[ MW\H&N(P[&>U7QDGUX?TQ\SBI'NV)\%G;RQL@YYTZ]G&@/0HTGY*]#'30GOQX MG&:/TLPYZF6:0ZXLT@/.98S'-!?E S'OM@0V.<4#3NE8%3FCP[X]74)X;H6T,/HL% M<)M@@]%V9@).3M@T/5/ YO=K2+N_KYV/4!G1R]O#VR'M[U MX,>CO=JDIL@SR4&ULE5M= M;]M&$/PK@MX;W=[W!9:!6$71 BT0I&C[S-BT+40278FVTW]?DJ)EZ7:6(5]L M2QX>EWNP.R_EC73]]7"P.MX_EMCA\J)[*7?.? M^VJ_+>KFX_YA<7C:E\5==]!VL]!*^<6V6._FUU?==Y_WUU?5<[U9[\K/^]GA M>;LM]O_=E)OJ=3FG^=L77]8/CW7[Q>+ZZJEX*/\LZ[^>/N^;3XO3*'?K;;D[ MK*O=;%_>+^>?Z..*=&R/Z"!_K\O7P]G?L_9:OE;5M_;#;W?+N6I#*C?E;=V. M432_7LI5N=FT0S6!_-N/.C^=M#WP_.^WT7_IKKZYFJ_%H5Q5FW_6=_7CU%^JUU_+_HK>B+JZO]M7K M;'^BO2OHHVF2>=M^V>6N^U]SM8?FVY=KJ^EJ\=(.U&-NCAA]AGE'+)K1 M3Z?0Z!0WFAVN+T^PX@AO\!D,O C3'6\N+D+C 2P2W20\ZO]#H8DQ9.@ L1+)!"$A0$AI!HA[D?\ B !N@$4'=^41Z!)%Z MT(^8A& #5"*L4V1 1#&/R/!3.:?)Y"%QG-8V&>DVPLI'0/ITSN\>=#$=-N<4 M )'6TI1AZ2.@?3KDT7!9<\[GT7"0-E$@.6'I(Z!]6M KPH)%80+1L=80$ALV M0Y'G)+";F(.LF!*L6Y3&3%!BYS&&:0X':8J2L< :J)$&)F$(K%J:QD^0QCJC M@<[D$[327$""D4+%ZJ&!>K#<:Z >05 IC25! TDP2A@"\UB["5G%Y-.(?/EM MK[FG",(ZK#%!-;(4+*G<+S#Y QBM!/73F.D:,-U(C,#\U!.,A<&D,F.,A1EG M+ !LP%@83%$SQE@89"QTRHT%@'F=K)0A3'B#C$6^C!M.>!@0APT%)-0_2!ER MKABN#'R) "!QB3!8/@QR%#FC##<+?(D ('F),%B)#' 4DD4R6(F,G\ IK#(& MJ0R;(%"Y\ D"4B1.$)89@PP%FR#N%< $<=# !&'%,L!1&&'!LEBQK)I0_V.- ML6,TQG+QH)SW*P RE*0+P@)CQU0N=ESE@F #E8O%"F/'5"X652XJL@P!&-&Y MA;^,2-BR&5.X6*X@(5^X$49R9A:+C!U3MEA0D5"^1X) DHNP6*XL,$Y&,$46 MRY6=4+58+#)V1-6RLEP_Y-1C^;!C"A++:PW1%#NL,0ZX(B-MZV&-<1-*#8>% MP8TH-6X<*#6$^7>8[6Y,I>& 5PPSQVJ1@2I<,*&ZH1JQ&%2.;0- MFJ\/#NQPLJTM /)>J*X Y07C(M M#O/<(9L@U!$>4]A/L D>4]B/L0D>V 23WP8 E*RT!'JL!AZH@1'VISQFNI_P MZ,1C@OHQ#T\\V!SD.>&@@9Q@KGOD]X4EQ0M//";X?8\9ZA%#64XX0V-@%%L! MF*84I8 PF3T@LQ7TP&,&^@E;"P$S,(!%E*4E@*T%D!8 &TA+P'P.@,]6J%\" M)F'0$]*"21B0N<[M?@"N&=A]!!NP^P%S.B!.Y]H?.%W18S\(DY_[85H'0&MI MDR1@6H<)M ["X\<1"^]-X'R%$P5@0Q.%>1T0KZ4A,*_#!%Y'S.LXAM>1$Y9, MS&T+0GDE/9S%K(Z(U8(#CIC5<0*K(V9U1*QF24%TM;G6092T,$9,Z0@H;04K M'C$)(_#15HH"DS "'VWSRB)RBYRS!T"\5%A$3.8(R)QG_B8.N>@^E-%&.PK- M!(C#*0^$6V@6"'@&F 29C5@+(G#93N6A\&J:A<(A7H@D84E)0%)/7/ AF"7 :"I2T! M:7-2_PN6HV3'"VS"ARPG)B=1PH*0^IPEE.RFA-TF-:DY2G*$A M1ZT0RB@K&5I20G>20FR66JZ4T%"D)M3OC;$0!AE3P;^AAI]^()3\^*,Q,4)$ M@-I.3+#0O:,F&'Y20O^.&E/)OZ$NO6UN;2&*!)EI4BL$!"CNA T.4D(7CYK2 M?R@U(*(.1-#PAVP_2PU"B:D1&Q !R:6M59*:!FF"\R>ISP\V^K&>+=#!APIH MC!,K:)(Z_5"KGV2%2&K0HPE[Z23UU:'&.I >L)T.TX-P ^D1F$Z Z5Z\,H&= M?8O=R/0([(1-=KG/(]! QQN=$4IJ=2:ARXY0FYW8^2KTV=&41CL2.NT(MMJQ MS/2H,)P9@)(S(_ 1YP0B3T&Y'>H(5)J'ACC18,3UO=D8H\:(%]J+./"\9 M%Z'MCO24QEBA7XY0PQRX:(3*U6%Q]L+,MMP_=.\6'6:WU?.N;E]-.?OV] +3 M)]V^<)-]?].^V-2]B/,^S/&MJ#^*_<-Z=YA]K>JZVB[;EV[NJZHNFR#5AV9B M'LOB[O1A4][7[9_MQN?^^#+2\4-=/2V/;UHM3J][7?\/4$L#!!0 ( +AX M7%!2*GW;ZP, + 2 9 >&PO=V]R:W-H965T[['!I)9$Z'8UVI5VI-:O9?:83YZ(!G 72F?WW:RZ3(=0A MRKP$<$Z5CXWK SR_V/);=3"F]K[G65$M_$-=GYZ#H-H<3)Y6G^S)%.Z?G2WS MM':7Y3ZH3J5)MVU0G@4D1!CDZ;'PE_.V[:U2N]ZISG:?G?RF3V MLO"E_Z/ARW%_J)N&8#D_I7OSEZF_GMY*=Q5_;Q>^:!R9S&SJ)D7J#A_FU619D\GY^+=/ZE_[ M; *'YS^R?VX'[P;SGE;FU6;_'+?U8>''OK_WH_S ? M)G/RQHGK8V.SJOWU-N>JMGF?Q5G)T^_=\5BTQTOWCU9]& Z@/H"N 3*\&Z#Z M /4S0-\-T'V '@4$W5#:N5FG=;JN2)4MY(UET@IL L% M!ZK:!&HXT&@B@88)=)M WR20HYGJ-%&K*3J76B5:"#$:,1 F*I1#X8VE&;0T M Y9&<[OJ-.&@)])*)MP2$#K=M*406@J!I=&]7(6LIU"#.>(R232;]!-!/Q'P MHT=^(M;1;!9R/UQ&*@XG_<303PS\S$9^8CX_2G(_7/8D=3)CPG7,%MN3N[') MI/,$.D^ \Q GD *S1CQ>@W("5_*!*NQ%PYD9S]U=R:T1"+4720_47B^Z6<(B MBB-^+Z$R2:97E\24D^J!^NM%P\XB4'] -F4&$U,B9(Z+KQ<->T$P #(2TS"0 M&)@2$7-!JM$K-5(KA&$RDP#F7T"R6("281PE@) M"*"Y56>M(48>*1>* <>]'-\Z=!Q-@3 MT.D[SQ_"!"5$T'%1$L>C4N"= >A(WEG8A&%*"*;CLB2.R#@&CT6@>R*1\)N\ M1DJMXFGWF+F$F!M/I,"D)/UX61)&&R&TC-!PK"4%\V02#S_;[W(S*YN3B-W7G9[*-U% M;4_]_E!PW:1:_@]02P,$% @ N'A<4!LMJ-42 P N P !D !X;"]W M;W)K&ULE5=1;YLP$/XKB/<5;&PP51*I235MTB95 MF[8]NXF3H +.L)-T_WZVH928HTI> G:^N_ON\'<"!V\5F6MYN%> MZ\-]%*GU7E1ST,6!ANQY<=2_Y#G M+Z)+B(9!E_TW<1*E@5LF)L9:ELK]!NNCTK+JO!@J%7]MKT7MKN?V'\HZ,]@ M=P:X-T#IAP9)9Y"\&Y /#4AG0#R#J$W%U>:1:[Z8-?(<-.WC/7![BM ],=5? MVTU7;/>?*8\RNZ<%R?)9=+*..LRRQ> !!O6(R'CO0V HQ!*/S/%E@-48D2:7 MD,37 M'VT4PUT@!CA0OPU H(E,T42W08"+B2>'P&[R@/ -V<*M "779 N!V$0,_^= <$R.ID3+%0,:##'$RY@#6)R0UE@#>)KWJ0=Z.)UD<9D5!80AOV^ M$@W&MTHT.S<:JV MC[6V4]!@MQ^_'[ =_[S]I1G+VR'ZW4T[TW_GS:ZH5? L MM1DNW0BXE5(+PS*^,RSWYC.B7Y1BJ^UM9NZ;=I9N%UH>NN^$J/]86?P'4$L# M!!0 ( +AX7% F;DYY*00 &H3 9 >&PO=V]R:W-H965T"I2LW6SEP[( XU/K"V";-O MO_(!@EN=A%P$++Z_U=+?LF4-SWGQN]QK73E_TB0K1^Z^JHX/GE>N]SJ-RT%^ MU)GY99L7:5R9RV+GE<="QYM&E"8>]7WII?$A<\?#INVE& _S4Y4<,OU2..4I M3>/BOXE.\O/()>ZEX<=AMZ_J!F\\/,8[_;>N_CF^%.;*NT;9'%*=E8<\_75#WVFG:!?;,:[7-'DP*A.\;FUJ MO_G15&MI6M_&/&1#[ZV.U#&3EJ$]AO>9I1(* M:F39,NJF#\)E&(!R6R&8'PH*#(QL+*0\D'C6$L]:(EF#DEQ*:V;^(I3!8EG9 M&&<*#"U"8@FN\)05GK)"4@8K9**LJ6%206J*4-PG8/@SA"*,@=$_(105'%#/ M-D6%D 3<)Y!8O@I!P_J?XQ2'OJ,]PGTJ0M%! M(*#K& 6?KA%"D<'-[KGO.?Y.\4@HXKF GE/,30$]1REH.09):X&C5 !-QBC! MHPKU/2YVAZQT7O/*O((W;\G; M/*^T2=[,C.OL=;RY7B1Z6]5?E?E>M*<_[465'[N3+>]ZO#;^'U!+ P04 M" "X>%Q0&1#^\9\# E$ &0 'AL+W=OOO30B/_1&5>F1[T=>E1>UNUWW8\_-=BVOJBQJ\=PX[;6J\N;' MDRCE;>,R]VW@2W$ZJV[ VZXO^4G\(]37RW.CW[P[RZ&H1-T6LG8:<=RXC^PA MHZ0SZ!'_%N+63IZ=+I07*;]U+W\?-J[?*1*EV*N.(ML M1:GAG1+M8R_+MO_K[*^MDM7(HJ54^??ALZC[S]O(_V:@TH+L!B]XU"$:# MX) CP;<,/"&4/K<9+G*M^M&WIQFF-Y+WJTB]L!U]O?=8)_L_CN=GE:/ MOFY#/UI[KQW1B'D:,#3!L#O"T^QW%X1%C@$0]I!Y\4)CXQ(UIVP$@ M2[K?""N*H*+(#FDI\3$DB#^>^ 02)$ !,Y(R8.))K)QB6EBF*723 C>$"9B/ M:\G_>*ALH1P94!&8]Q'C\F)V?=EK:03-%A/GQB3L$(J848,90 5IN)0@7($LLG/,P@4* M7(,L!G%;;3ZVDLS#:8;'P &,+%@&8 %?GB]<^@S5?FSJ3NQRL 7M (S9X64( M%BWKQKV$H69B;A8C:.KI#Q8 X3:.H83;L&11-^$.1C[0;1;C")IM+-R6#6!@ M.64(1LNZ<=LD9I<(+5'@9DB@&9+9&D90,EW4\2HU>P."1:LT,4.';$NE3;@# M4P!TDZE[ *73*?-7E)JZ;5B06+ ,PY9V#L)MG\!9B;#> 1A83AF"S9;37#?>10@%=A'[C*$>XH=-'#G-DG^8BQLW< 1"9VR]D,O/F3>Y*E6A._3VT=?;R6JON MRC$9O=]U'ZF[:QGC3_H./-Q8?]$,%^C/>7,JZM9YD4K?Y/K[UE%*);1&?Z5G M]ZSO[/>74AQ5]QCKYV:XN XO2E[&2[EW_\_ ]B=02P,$% @ N'A<4#9: MIN)O!@ GR0 !D !X;"]W;W)K&ULE5K;;MM& M$/T50>^FN+,7DH9MP!9=M$ +& G:/C,V;0N11)6D[?3OR\M&(6?.J@H"1!)] M=G9VN'/.S))7'U7]M7DMRW;Q;;?=-]?+U[8]7*Y6S>-KN2N:J#J4^^XOSU6] M*]KN9_VR:@YU63P-@W;;%<6Q6^V*S7YYZAOKJJW=KO9EP_UHGG;[8KZ MW[MR6WU<+]7R^X5/FY?7MK^PNKDZ%"_EY[+]\_!0=[]61RM/FUVY;S;5?E&7 MS]?+6W5Y[W0_8$#\M2D_FLGW1;^4+U7UM?_QV]/U,NX]*K?E8]N;*+J/]W)= M;K>]I_/4OEXOT^7BJ7PNWK;M MI^KCU](OR"X7?O6_E^_EMH/WGG1S/%;;9OA_\?C6M-7.6^EM,7-55U] M+.IQ/QR*?MNI2]O=KL?^XG!WAK]U\6RZJ^\WEMS5ZKTWY#%W(X8F&'5$K#KK MQRD(37%'8CC-)UA+A--S2"XA2L5SS+W$6$JPIQH&0P\&],Q B@T8:, ,!LS$ M0):Q8(X0-T#V?@Z;QF18U-< J-+^G\,>6>B1!4O*L $'#3BQ)*M9X.^<<%6E M<1SC:1(X30*F46P:B3&A8*1PDA1,0MA !@UDYT=3Q3C?8N"#Y@DW@I))0,D& M ZH"F:W 3(;/I,2M*0NB:P,F<&8I)Y</8!I$[PMA,F)8KDC=6!'$F8=0JR3L@B19!T=.QDBA)LKBR\.D+TD MO'K,8H18C">3!\VVOP;9!'%R%^0(9\-L1)@]20/71=2UF.I":05\1T C[T^. M@6'Y($S=2NJ3D+F_6+@T$"[BY;('L2(BX?L:P<3N MSQ'*!"L2C45+2]$2+:<&&N.2$V6^#K3'2&7$+=6RP#9&2^)#0%* ^0!09S8L M[QJKC#;G-V\:$[\&Q"]RT8/2_\E%#!.YB& GL 08=Y(K#:4#:&H4=X$CB1!C.LMK:00SD>-K MAR@*M%P6<[P%+8!HN2QH ;(HXX^(,(P7,3F"V4B''IE@8;'G"(L',;WEPH)0 M0%@P+" L%@N+!<=7HN'R(-9P\2*BMT8PF0,Y@DUS8.XVEC$+9(P7^7<0% I/X $>.FP*[0Q,_?8G#GTLIF"+ M'C2(S96(1HW(:2G':X!46:) T8&0R=B\!A: 6=BBBCS PA:SL$5/_P)A=)@1 M'6!$$48GCS+@,2W"Q4#'$&[>L;CNS(_S(RO[OQ1U"^;?;/X4K5MM1M>W'BNJK;LW(RCCBE>R^+I^&-;/K?] MUZ3[7H^OS(P_VNK@7P=:'=])NOD/4$L#!!0 ( +AX7%"M>[U.7@( ,@' M 9 >&PO=V]R:W-H965T]E4BC.2M6#T:$EE@8CG1:BD>>6N M$KNV%ZN$7U215VPO''DI2RK^;5C!FZ6+W=O":W[.E%E JZ2F9_:3J5_U7N@9 MZE6.>RT=-=XL5;5E1&"7MXV\GZO8Q#7$XOJE_LL"O7* MFZ^L2RATG2[[[^S*"@TW3G2,E!?2/IWT(A4O.Q5MI:3O[3NO[+OI]&\TF$ Z M ND)./J0X'<$_TX(/B0$'2$8$5";BMV;'55TE0C>.*+]O34UIP@O KW[J5FT MFVV_Z>V1>O6Z"D.(R'^$[*80 MC#W8A0\FZEL!_R%1 @L$H$!@!8('@9'+#80)X" A&"0$!$)8( (%HL^G&8," M,> @&J4)86(XR P,,@,$9J,@+2:VF*K]X_[H9&X!C#?"[ ,F<%FYZ#9.6!V M/C+;8J)!$.(-MJ1U.Y\ZB6-O9!<"X2=' 'OPG?:FCJ,GEP4_*0OX\^<(@]=^ MC%Q0;U4:6@0# !W"P &0 'AL+W=OV\5,'TU5 M-NJY#;IC71?MOZ6J]'D>TO"]XT>YVQO7$2UFAV*G?BKSZ_#P(8!= M JBX&Q / ?%' +\;P(< /@F(^E3\W.2%*1:S5I^#ME_>0^%V$7WD=O;7KM-/ MMO]FIZ>SO:=%(N@L.CFC0;/L-6RD^5!$UOTR!,.&6#(0SJX'6$&%B*\E.910 M2G"*&$TT]@;Q5:(,-^"H ?<&_,I@0KGL-=)KFCY5P2D5A)!)RHB24Y8D0)DC MREBD,1LKK_ 3%#\!^)3R"7ZO$:.A8D)X"NFAD&4D(Q > M%%*22@:S1X0)) M%:9DB;B#A5]:%+FU)+C?X15#>88<^X@PYZD>GYBK7B;]2U=5^JKFPZ8O2;\7[:YLNN!%&UL;^0IFJ[51%I,\V%MG;ZO@ M2Z-26^->I7UO^U*P;QA]&,K&PO=V]R:W-H965TO;3C*A0W*Y4>PS>[,SH;)DG5< MO,B24N6\UJR1:[=4JGWT/%F4M";R@;>TT7>.7-1$Z:TX>;(5E!QL4LT\[/NQ M5Y.J2^'3Q7IU*9 R_/6G*B/ZCZ MV>Z$WGDCRJ&J:2,KWCB"'M?N!CUNTWD9.T8*7O.7\SFZV'M^J8B MRFBA# 31EPM]HHP9)%W'GP'4'3E-XG3]AO[9BM=B]D32)\Y^5P=5KMW4=0[T M2,Y,/?/N"QT$1:XSJ/]&+Y3I<%.)YB@XD_;;*B);^2>B2)X)WCFB;WY+S&^,'K'N36$.;2OL/5V\U*>7 M/$IPYET,T!"S[6/P) :-$9Y&'RDP1+'%L_0H"6" *PQL #!! !'$0P0@@"A M!0C?51!>B>QC$AO3V)C MQ^8* *)(H#H1J4Q"!#?+S4! 1*@@OA*:A\33Z5& M"U)3D"@%B)(KHG1.%"P0K4"B%4"4P@#(AY]Q__ZNHALV07?T=0B:ZD5^N" 8 M@8;9('Q';X>@]V1+3RR"S84"@&QU P*V%PH_T%_8. ARSJR_T?QY2O&29-AD M*+ZGO_&<#"_9!,&&1( CTUL0L-50^H'^PB9"D(MF_5W-_@/#&!#L389+3<7) MCE7I%/S%Q0]B*EYO4! M !A!0 &0 'AL+W=O"R6]R/U6RN&(D"A;H%ALV "]NJD9IUBJ(V^0&#C@RB11@H+M=H\H M[GJ_R$SLS(N,C9)T/9RY)T9*,?][ L*FW-_YKX''KFFE#J B&W #/T'^&LY< MG=#"4G44>M&QWN-0Y_[=[G@Z:+P!_.Y@$JN]IRNY,/:D#]^JW-]J0T"@E)H! MJ^4*]T"()E(VGF=.?Y'4B>O]*_N#J5W5=?L,1%QMGDX8J+ S=!Y"2(#$'XCN 3![&3 M('8XB&Y>R86)W2)[I\C>0;!W$R1.@N3_RTR=!*G#07)3IL7$!M-;S.:3S^'@ M%#DX1-(;D<,'D7"3WHB@U2=.@3>FN857LK$W@V457>;'76!:Y UNA\\/S)NN M%]Z%2=5HIAUJQB0H*]N-;<<"-12;Q.UY[;K[4&R81YH:)FJQ3]02P,$ M% @ N'A<4!HP0-*4 @ & D !D !X;"]W;W)K&ULE5;;CILP$/T5Q'L7FSM1@I2+JE9JI6BK;9^=Q EH 5/;"=N_KVT( M2V"2;E^";'!DO MB513?G)$S2DYF*"R<%R$0J66G<[.VY>FO"5Q>EQ82_Q;(-='6 0/W/: MB,'8TE9VC+WJR=?#PD9:$2WH7FH*HAX7NJ9%H9F4CM\=J=WGU('#\97]LS&O MS.R(H&M6_,H/,EO8L6T=Z)&<"_G,FB^T,Q385N?^&[W00L&U$I5CSPIA?JW] M64A6=BQ*2DG>VF=>F6?3\5_#X "W"W#[ !P^#/"Z .\]P'\8X'.:KZN_UHBFV>:?*(]3J)0WB9.Y<-%&'6;48=X#! M/<)1['T*%TJQK>0S12",8)5>*!1SQ!X0Z/)'0(?)/ -@7]# M@$>5:C&1P52MRCA &"$T<@P $^3Y0^"-I "4% "21K5=M9APD.D33@!% "[P MO+N"0E!0" @:[>0JG"3"L:<%C15!0*B8F_ _BQF!VB/@ _%A@A@DB 'SP5.47%R5RY&\$F$ ,'^ M^"A"_U3\$'(KY,Z1B($O(;I# 1YY2^P"7N*Q%W?ZW;H!\$?X*'#S 6"KWAFT MAY+RDVF]PMJS26L'9.J>9D6 M=NKVXED=7&PO=V]R:W-H965TX9JMW(+S9NEY[%B@"K(7TJ!:?#D36D$NEO3B ML88B>%)&%?8"WT^\"I:UN\[5WIZNB\\K]!)8[$$L#A?A5HI8-YHX, MY4#(FUQ\/:U<7RI"&!VYI(!BN*$MPE@R"1U_-*G;^Y2&P_F=_;,*7@1S@ QM M"?Y=GGBQN,7\E;1?D XH=AT=_3=T0UC I1+AXT@P4[_.\IC8O:WC+,N]FR32F$V'"0:88(S8FH@D'$-V M)@0 O\=X0F2O-+ J#11!./3A/R (K02A(HA&!& 22(=)%:;N0DVS:2@F*(OM M0B*KD,@B9)K1#I,,?( X"NU>8JN7V.)E$LDF-B+Q)SIB0\>#G"=6$8DA(LX6 M$Q&)&6H03W7, >T2(YP1:*0WM>I-+4F+)E+2CZ6,O"RL7A86+P\J*+,29/// M O#MY]Z?<1HT:%X5@@<-!CROPZT&S2@S8&\.(+!X21Y0V-L#"/\CJ?:##H3HXWN'7DN^$[I)>R9LZ!<'&! MJ6OF3 A'@M%_$8R%>*KT"XS.7$Y3,:?=?=TM.>6\3K'T3K?U!+ P04 M" "X>%Q0H__*5O(! #=! &0 'AL+W=OZ[*2VH'2 MN,4E_ +YNSUS9:%1):\I-*)FC<.A2-QG?W^*--X _M30B\G>T95<&'O3QO<\ M<3V=$!#(I%; :KG"$0C10BJ-]T'3'4-JXG1_4W\QM:M:+EC D9&_=2ZKQ-VY M3@X%[HA\9?TW&.IY=)VA^!]P!:+@.A,5(V-$F*^3=4(R.JBH5"C^L&O=F+4? M]&^T=4(P$(*1X&^^)(0#(?PD1%\2HH$0S0C(EF)Z<\(2IS%GO2TA/B^MYY%N%IH: 3":1:3('<"T:I 9 2BNT[M9IVRF*W!- ;CS4I= M(IX>/6^&.BU1NZUHUP+DRJ*V@N2L&8!)6D]Z"FJ5)OS6@0**3>;M6>VXFSAF3M\)B@ M\45+_P-02P,$% @ N'A<4*ZIEKYL @ Q0< !D !X;"]W;W)K&ULC57K;ILP%'X5Q /4V-PC@E223INT256G;;\=X@14 MP,QV0O?VLPVAQ'C5_@3[\%W..3@^V4#9*Z\($%F1%O,' MVI-.OCE1UF(AM^P,>,\(/FI2VP#D>1%H<=VY>:9CSRS/Z$4T=4>>F<,O;8O9 MGX(T=-BZT+T%7NIS)50 Y%F/S^0[$3_Z9R9W8%8YUBWI>$T[AY'3UGV$FZ=4 MX37@9TT&OE@[JI(#I:]J\^6X=3V5$&E(*90"EH\KV9&F44(RC=^3ICM;*N)R M?5/_I&N7M1PP)SO:_*J/HMJZB>L/;DPVMR886@;$2_@9C^.E'>9 M<&UL?53;;J,P$/T5Q ?4W+.)"%*3:-65=J6HJ^T^.V02 M4&U,;2=T_WY]*Z7$R@NVAW/.G!G,E /CKZ(!D,$[)9U8AXV4_0HA43= L7A@ M/73JS8EQBJ4Z\C,2/0=\-"1*4!)%!:*X[<*J-+$]KTIVD:3M8,\#<:$4\W\; M(&Q8AW'X$7ANSXW4 525/3[#;Y!_^CU7)S2J'%L*G6A9%W XK+7+-=X M7EH8Q&0?Z$H.C+WJPX_C.HRT(2!02ZV U7*%+1"BA92--Z<9CBDU<;K_4/]N M:E>U'+" +2-_VZ-LUN&W,#C""5^(?&;#$[AZ\C!PQ?^$*Q %UTY4CIH189Y! M?1&24:>BK%#\;M>V,^M@WQ0+1_,3$D=(1D)3YKRLZ'2M/,;SGW6LX]EN.9Y?PFS:RH[2VB MB+.9V7LJUBB:W$@*_&S^=A'4[-))_6$GT7&@/";Z1L_B&S5H[%SXE+%3ZA?F MY[83P8%)];^86WUB3((R&#THAXT:C..!P$GJ[4+MN1T/]B!9[R8?&L=O]1]0 M2P,$% @ N'A<4 8_K9%0 P *@T !D !X;"]W;W)K&ULC9=M;YLP$,>_"N)]BY^PH4HB-8FF3=JD:M.VUS1Q$E3 &3A) M]^UG'IJ2\U'M3<#.[\[_,^>S/;N8^J4Y:&V#U[*HFGEXL/;X$$7-YJ#+K+DW M1UVY?W:F+C/KFO4^:HZUSK:=45E$C! 9E5E>A8M9U_=4+V;F9(N\TD]UT)S* M,JO_+G5A+O.0AF\=W_/]P;8=T6)VS/;ZA[8_CT^U:T57+]N\U%63FRJH]6X> M/M*'-56M04?\RO6E&;T';2C/QKRTC2_;>4A:1;K0&]NZR-SCK%>Z*%I/3L>? MP6EX';,U'+^_>?_4!>^">W2MP8&U,TW6^P.376E(,7)Z7,7OMG7G7/R^#_S0PW8(,!NQI0^:$! M'PSXNX'XT$ ,!@(81'THW=RL,YLM9K6Y!'7_>8]9FT7T0;C9W[2=W61W_[GI M:5SO>2$9FT7GUM' +'N&C1AZ)2+G_3H$PX98,L\<#+#R"!&,LX0G(&8$$RD?83>J M8U1UC*@60'7/R/$XDL3P(R$4204%FA&*$LEPR1*5+#W)U),L_6$2%8L4:$8P MP94"V!K!)!%D(K\4JEIY^259C#M(4 <)\J4D"#OQA'*24) W*Y]B;E'#%>53 M<4*2B2^5HI)31#+(]67J#:,\:(5 7,'EX$,)C2>FF!*\VA%$<0++'?'GC\ , M7.$4S"R$HFDZ43[I1(FF_H(0,#,&:#R0($+"!8%@/):<0-D^)A/&)BH/1>O^ M(V7(DD@G7.!%F_+_6!0#-!9[1SF'D2.4$C#',$I,QHUO%!3;*>"R&" @!VI& M(); DHM1@DXL9(IO$Q3;)[R%X1=W3KQY]J$[+@34[%/QZ,/>2L:W"8KL$XDG MV2_MJ82*?<;ECX+U$L,XG3A"4'R3H K9VV*H67G[OB"QC*%L'^."Q0K*]C&I M4D]W-#HPEKK>=X?Q)MB84V7;<]>H]WK@?V3M@1/T+]N+0'<0?7?3WR*^9?4^ MKYK@V5AWG.T.G3MCK'8JR;W+AX.[N%P;A=[9]E6Y][H_O?<-:X[#S22Z7H\6 M_P!02P,$% @ N'A<4-2AR*77 0 ]@0 !D !X;"]W;W)K&ULC53M;ML@%'T5BP_L!II[CH*I_#/=RSN'<:R ?N7B1+8 *7AGMY0ZU2@U;C&75 B/RC@_0 MZY6&"T:4#L4)RT$ J2V)41R'8889Z7I4Y#9W$$7.SXIV/1Q$(,^,$?'W$2@? M=RA";XFG[M0JD\!%/I 3_ 3U:S@('>%9I>X8]++C?2"@V:'/T;9,#=X"GCL8 MY6(>F$J.G+^8X%N]0Z$Q!!0J912('BZP!TJ-D+;QQVFB>4M#7,[?U+_8VG4M M1R)AS^GOKE;M#GU"00T-.5/UQ,>OX.K9H, 5_QTN0#7<.-%[5)Q*^PVJLU2< M.15MA9'7:>QZ.X[32G;O:'Y"[ CQ3(C2=PF)(R0?):2.D*X(>"K%]J8DBA2Y MX&,@IK\[$'.(HFVJNU^9I&VV7=/MD3I[*;(DS/'%"#G,XX2)%YCX&K&_163) M-:2\A431_XVP-CD[C;U.8RN0+%UD#WZ!Q"N06('TRF2T*O46LPD?5L7Z=%8- M*7V8Q&\V]9I-/0+IRJP/LUF9_0"F?!\SF<6+ V5>A!]$G+I>!D>N]-FT)ZCA M7('6"^_T-6OU(S0'%!IEIO=Z+J:K. 6*#^Z5P?-35_P#4$L#!!0 ( +AX M7% ML_6?T@( '\* 9 >&PO=V]R:W-H965TK-S:H]ZLU,5492,?==1=ZEKHOUM9J=LZQO'KPO?R M=#;]0K)9M>(D?TCSLWW4]BJ9LAS*6C9=J9I(R^,Z?L#W.\S[ *?X5E'KN+[XSA*G>RJOI,EN//F#2>//O ^?EK]D^N>%O, MD^CD3E6_RX,YK^,\C@[R*"Z5^:YNG^584!I'8_5?Y5565MZ36(^]JCKW&^TO MG5'UF,6BU.)E.):-.][&_*]A< 9 \@4,&S.8@ = ^A; '/%#V2NU(_"B,U* MJUNDA[O5BOZAP/?4;N:^7W1[Y_ZSU79V];KAE*^2:Y]HU&P'#9EI\*1(;/;) M@D 66Q*$D_<&NU#!*>Q P2*HBZ=S!\[A! Q,P%P"]@X@\W9AT&1.TSA-2C'R M*@E%K, IC)*"*"F DGLH@X;/70CV1+M0A%-:P"@<1.$ 2N&A\- E(ZF' HDH M@U$R$"4+49BW]]LL6!#4GQ@DL!NA2 "_:**4*7PB<) M-5D.0?XLA%4L7M@4O]"('P-N>$^3B *N-H M 0?L6P^8 +M#?1P2UHU(X76"$$??;=#+[G-=2G]SDTT5[=6G33]:6;/]3 2#1=&M>.XETPSY^8? M4$L#!!0 ( +AX7%"E�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htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Commitments and Contingencies (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2019
USD ($)
Commitments  
Loss Contingencies [Line Items]  
Long-term Purchase Commitments, Time Period 12 years
Commitment to invest  
Loss Contingencies [Line Items]  
Other Commitment $ 5.1
Long-term committment, funded amount $ 3.8
XML 86 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Assets:    
Cash and cash equivalents $ 101,352 $ 92,733
Investments ($82,829 and $136,113) [1] 155,213 224,932
Accounts receivable 59,101 50,381
Due from brokers ($1,743 and $11,187) [1] 1,743 14,240
Property and equipment—net 12,486 14,106
Operating lease right-of-use assets 38,440 48,488
Goodwill and intangible assets—net 19,560 19,751
Deferred income tax asset—net 7,091 7,200
Other assets ($1,041 and $2,604) [1] 7,433 9,208
Total assets 402,419 481,039
Liabilities:    
Accrued compensation 48,105 43,685
Distribution and service fees payable 7,318 8,493
Operating lease liabilities 43,349 54,304
Income tax payable 22,194 18,663
Due to brokers ($366 and $4,422) [1] 366 5,121
Other liabilities and accrued expenses ($784 and $440) [1] 13,972 13,935
Total liabilities 135,304 144,201
Commitments and contingencies
Redeemable noncontrolling interest 53,412 114,192
Stockholders’ equity:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 52,580,246 and 51,818,186 shares issued at December 31, 2019 and 2018, respectively 527 518
Additional paid-in capital 636,788 602,272
Accumulated deficit (242,461) (208,404)
Accumulated other comprehensive income, net of tax (6,326) (7,323)
Less: Treasury stock, at cost, 5,329,820 and 5,050,285 shares at December 31, 2019 and 2018, respectively (174,825) (164,417)
Total stockholders’ equity 213,703 222,646
Total liabilities and stockholders’ equity $ 402,419 $ 481,039
[1]
Asset and liability amounts in parentheses represent the aggregated balances at December 31, 2019 and 2018 attributable to variable interest entities consolidated by the Company. Refer to Note 4 for further discussion.
XML 87 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Changes in Stockholders' Equity and Redeemable Noncontrolling Interest - USD ($)
shares in Thousands, $ in Thousands
Total
Common stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss), Net of Tax
Treasury Stock
Total Stockholders' Equity
Redeemable Noncontrolling Interest
Beginning balance at Dec. 31, 2016   $ 504 $ 543,829 $ (127,957) $ (5,885) $ (144,677) $ 265,814  
Beginning balance (redeemable noncontrolling interest) at Dec. 31, 2016               $ 853
Beginning balance (shares of common stock, net) at Dec. 31, 2016   45,890            
Dividends   $ 0 0 (101,669) 0 0 (101,669)  
Issuance of common stock   $ 7 741 0 0 0 748 0
Issuance of common stock, shares   690            
Repurchase of common stock   $ 0 0 0 0 (9,141) (9,141) 0
Repurchase of common stock, shares   (265)            
Issuance of restricted stock units   $ 0 3,974 0 0 0 3,974 0
Amortization of restricted stock units   0 22,042 (285) 0 0 21,757 0
Forfeitures of vested restricted stock units   0 (100) 0 0 0 (100) 0
Net income (loss) $ 92,486 0 0 91,939 0 0 91,939 547
Other comprehensive income (loss) 2,214 0 0 0 2,214 0 2,214 0
Net contributions (distributions) attributable to redeemable noncontrolling interests 46,658 0 0 0 0 0 0 46,395
Ending balance at Dec. 31, 2017   $ 511 570,486 (137,972) (3,671) (153,818) 275,536  
Ending balance (shares of common stock, net) at Dec. 31, 2017   46,315            
Ending balance (redeemable noncontrolling interest) at Dec. 31, 2017               47,795
Dividends   $ 0 0 (185,423) 0 0 (185,423)  
Issuance of common stock   $ 7 696 0 0 0 703 0
Issuance of common stock, shares   714            
Repurchase of common stock   $ 0 0 0 0 (10,599) (10,599) 0
Repurchase of common stock, shares   (261)            
Issuance of restricted stock units   $ 0 7,170 0 0 0 7,170 0
Amortization of restricted stock units   0 23,984 0 0 0 23,984 0
Forfeitures of vested restricted stock units   0 (64) 0 0 0 (64) 0
Net income (loss) 109,522 0 0 113,896 0 0 113,896 (4,374)
Other comprehensive income (loss) (2,557) 0 0 0 (2,557) 0 (2,557) 0
Net contributions (distributions) attributable to redeemable noncontrolling interests 81,633 0 0 0 0 0 0 70,771
Ending balance at Dec. 31, 2018 222,646 $ 518 602,272 (208,404) (7,323) (164,417) 222,646  
Ending balance (shares of common stock, net) at Dec. 31, 2018   46,768            
Ending balance (redeemable noncontrolling interest) at Dec. 31, 2018               114,192
Cumulative Effect of New Accounting Principle in Period of Adoption       1,095 (1,095)      
Dividends   $ 0 0 (168,678) 0 0 (168,678)  
Issuance of common stock   $ 9 861 0 0 0 870 0
Issuance of common stock, shares   762            
Repurchase of common stock   $ 0 0 0 0 (10,408) (10,408) 0
Repurchase of common stock, shares   (280)            
Issuance of restricted stock units   $ 0 7,039 0 0 0 7,039 0
Amortization of restricted stock units   0 26,883 0 0 0 26,883 0
Forfeitures of vested restricted stock units   0 (267) 0 0 0 (267) 0
Net income (loss) 146,984 0 0 134,621 0 0 134,621 12,363
Other comprehensive income (loss) 997 0 0 0 997 0 997 0
Net contributions (distributions) attributable to redeemable noncontrolling interests 45,725 0 0 0 0 0 0 2,242
Net consolidation (deconsolidation) of Company-sponsored funds   0 0 0 0 0 0 (75,385)
Ending balance at Dec. 31, 2019 $ 213,703 $ 527 $ 636,788 $ (242,461) $ (6,326) $ (174,825) $ 213,703  
Ending balance (shares of common stock, net) at Dec. 31, 2019   47,250            
Ending balance (redeemable noncontrolling interest) at Dec. 31, 2019               $ 53,412
XML 88 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stock-Based Compensation Unvested RSUs and Incentive Bonus Plans (Details) - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Common stock, shares issued 52,580,246 51,818,186    
Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward]        
Employee stock purchase plans 18,000      
Vesting period of unvested employee stock compensation, number of years 3 years      
Common stock | Incentive Bonus Plans for Employees        
Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward]        
Share-based Compensation Arrangement by Share-based Payment Award, Annual Aggregate Purchases Per Employee $ 25,000      
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee 600,000      
Restricted Stock Units (RSUs) | Common stock        
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Allocated Share-based Compensation Expense $ 42,721,000      
Restricted Stock Units (RSUs) | Common stock | Stock Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Granted (shares) 22,000 15,000 16,000  
Granted, Weighted Average Grant Date Fair Value (usd per share) $ 50.29 $ 38.29 $ 38.14  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Number 54,000 45,000 42,000 34,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]        
Balance at beginning of period (shares) 306,000 318,000 307,000  
Granted (shares) 132,000 134,000 151,000  
Delivered (shares) (131,000) (146,000) (140,000)  
Forfeited (shares) (5,000) 0 0  
Balance at end of period (shares) 302,000 306,000 318,000  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) $ 35.80 $ 34.14 $ 33.62  
Granted, Weighted Average Grant Date Fair Value (usd per share) 40.97 39.02 35.45  
Delivered, Weighted Average Grant Date Fair Value (usd per share) 35.46 35.13 34.41  
Forfeited, Weighted Average Grant Date Fair Value (usd per share) 38.15 0 0  
Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) $ 38.78 $ 35.80 $ 34.14  
Common stock, shares issued 16,700,000      
Allocated Share-based Compensation Expense $ 4,443,000 $ 4,216,000 $ 3,957,000  
Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward]        
Delivered, Weighted Average Grant Date Fair Value (usd per share) $ 35.46 $ 35.13 $ 34.41  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Delivered 13,000 (12,000) (8,000)  
Delivered, Weighted Average Grant Date Fair Value (usd per share) $ 37.61 $ 34.95 $ 40.03  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Grant Date Fair Value 44.06 37.93 36.98 $ 37.15
Restricted Stock Units (RSUs) | Common stock | Incentive Bonus Plans for Employees        
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Delivered, Weighted Average Grant Date Fair Value (usd per share) $ 36.30 $ 34.94 $ 34.80  
Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans [Roll Forward]        
Balance at beginning of period (shares) 1,745,000 1,550,000 1,399,000  
Granted (shares) 763,000 757,000 714,000  
Delivered (shares) 601,000 539,000 (523,000)  
Forfeited (shares) (33,000) (23,000) (40,000)  
Balance at end of period (shares) 1,874,000 1,745,000 1,550,000  
Share-based Compensation Arrangement by Share-based Payment Award, Incentive Bonus Plans, Weighted Average Grant Date Fair Value [Roll Forward]        
Balance at beginning of period, Weighted Average Grant Date Fair Value (usd per share) $ 36.55 $ 34.60 $ 34.22  
Granted, Weighted Average Grant Date Fair Value (usd per share) 39.92 39.42 35.36  
Delivered, Weighted Average Grant Date Fair Value (usd per share) 36.30 34.94 34.80  
Forfeited, Weighted Average Grant Date Fair Value (usd per share) 38.31 37.16 33.87  
Balance at end of period, Weighted Average Grant Date Fair Value (usd per share) $ 38.38 $ 36.55 $ 34.60  
Discount from market price, purchase date 15.00%      
Restricted Stock Units (RSUs) | Common stock | Mandatory Plan        
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Allocated Share-based Compensation Expense $ 22,637,000 $ 19,710,000 $ 17,670,000  
Restricted Stock Units (RSUs) | Common stock | Employee Stock Purchase Plan        
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Allocated Share-based Compensation Expense 131,000 105,000 112,000  
Vested Restricted Stock Units (RSUs) | Common stock | Stock Incentive Plan        
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]        
Allocated Share-based Compensation Expense $ 614,000 $ 626,000 $ 618,000  
XML 89 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 90 R50.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivatives (Details) - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Derivative [Line Items]      
Derivative Asset, Notional Amount $ 14,394,000 $ 19,361,000  
Derivative Liability, Notional Amount 24,319,000 23,191,000  
Derivative Assets, Fair Value 644,000 1,225,000  
Derivative Liabilities, Fair Value 556,000 2,386,000  
Derivative, Gain (Loss) on Derivative, Net 631,000 (1,495,000) $ (1,919,000)
Foreign exchange      
Derivative [Line Items]      
Derivative Asset, Notional Amount 0 0  
Derivative Liability, Notional Amount 10,787,000 10,996,000  
Derivative Assets, Fair Value 74,000 0  
Derivative Liabilities, Fair Value 44,000 205,000  
Derivative, Gain (Loss) on Derivative, Net 235,000 (141,000) (1,481,000)
Commodity futures      
Derivative [Line Items]      
Derivative Asset, Notional Amount 14,394,000 19,361,000  
Derivative Liability, Notional Amount 4,623,000 3,434,000  
Derivative Assets, Fair Value 570,000 486,000  
Derivative Liabilities, Fair Value 339,000 2,181,000  
Derivative, Gain (Loss) on Derivative, Net 881,000 (2,093,000) (438,000)
Commodity swap      
Derivative [Line Items]      
Derivative Asset, Notional Amount 0 0  
Derivative Liability, Notional Amount 8,909,000 8,761,000  
Derivative Assets, Fair Value 0 739,000  
Derivative Liabilities, Fair Value 173,000 0  
Derivative, Gain (Loss) on Derivative, Net $ (485,000) 739,000 $ 0
Due from brokers      
Derivative [Line Items]      
Trading investment and held as collateral   $ 2,002,000  
XML 91 R73.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Subsequent Events (Details) - $ / shares
 12 Months Ended
Feb. 20, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Subsequent Event [Line Items]        
Dividends declared per share   $ 3.44 $ 3.82 $ 2.12
Dividend Declared | Subsequent Event        
Subsequent Event [Line Items]        
Dividends declared per share $ 0.39      
XML 92 R16.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property and Equipment
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
The following table summarizes the Company’s property and equipment:
 
December 31,
(in thousands)
2019
 
2018
Equipment
$
5,951

 
$
5,590

Furniture and fixtures
3,651

 
3,644

Software
19,988

 
17,591

Leasehold improvements
16,048

 
16,028

Subtotal
45,638

 
42,853

Less: Accumulated depreciation and amortization
(33,152
)
 
(28,747
)
Property and equipment, net
$
12,486

 
$
14,106

 
Depreciation and amortization expense related to property and equipment was $4,396,000, $4,378,000 and $4,229,000 for the years ended December 31, 2019, 2018 and 2017, respectively.
Depreciation and amortization expense related to property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets which range from 3-7 years. Leasehold improvements are amortized using the straight-line method over the lease term.
XML 93 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue Revenue
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:
 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Client domicile:
 
 
 
 
 
North America
$
352,629

 
$
322,964

 
$
314,021

Japan
33,967

 
35,283

 
42,303

Asia Pacific excluding Japan
13,147

 
12,493

 
11,496

Europe, Middle East and Africa
11,087

 
10,371

 
10,876

Total
$
410,830

 
$
381,111

 
$
378,696

 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment vehicle:
 
 
 
 
 
Open-end funds (1)
$
217,778

 
$
197,363

 
$
193,348

Closed-end funds
80,502

 
77,270

 
78,670

Institutional accounts
110,346

 
104,327

 
103,629

Other (2)
2,204

 
2,151

 
3,049

Total
$
410,830

 
$
381,111

 
$
378,696

________________________
(1)
Included distribution and service fees of $30.0 million, $29.1 million and $30.7 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(2)
Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to open-end funds and institutional accounts.
XML 94 R31.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue (Tables)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables summarize revenue recognized from contracts with customers by client domicile and by investment vehicle:
 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Client domicile:
 
 
 
 
 
North America
$
352,629

 
$
322,964

 
$
314,021

Japan
33,967

 
35,283

 
42,303

Asia Pacific excluding Japan
13,147

 
12,493

 
11,496

Europe, Middle East and Africa
11,087

 
10,371

 
10,876

Total
$
410,830

 
$
381,111

 
$
378,696

 
Years ended December 31,
(in thousands)
2019
 
2018
 
2017
Investment vehicle:
 
 
 
 
 
Open-end funds (1)
$
217,778

 
$
197,363

 
$
193,348

Closed-end funds
80,502

 
77,270

 
78,670

Institutional accounts
110,346

 
104,327

 
103,629

Other (2)
2,204

 
2,151

 
3,049

Total
$
410,830

 
$
381,111

 
$
378,696

________________________
(1)
Included distribution and service fees of $30.0 million, $29.1 million and $30.7 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(2)
Prior period amounts related to model-based portfolios were reclassified from other (previously reported as portfolio consulting and other) to open-end funds and institutional accounts.
XML 95 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property and Equipment (Tables)
 12 Months Ended
Dec. 31, 2019
Property, Plant and Equipment [Abstract]  
Property and Equipment
The following table summarizes the Company’s property and equipment:
 
December 31,
(in thousands)
2019
 
2018
Equipment
$
5,951

 
$
5,590

Furniture and fixtures
3,651

 
3,644

Software
19,988

 
17,591

Leasehold improvements
16,048

 
16,028

Subtotal
45,638

 
42,853

Less: Accumulated depreciation and amortization
(33,152
)
 
(28,747
)
Property and equipment, net
$
12,486

 
$
14,106

 
XML 96 R39.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill and intangible assets:
(in thousands)
Goodwill
 
Finite-Lived Intangible
Assets
 
Indefinite-Lived
Intangible Assets
Balance at January 1, 2018
$
19,034

 
$
95

 
$
1,250

Currency revaluation
(533
)
 
—

 
—

Amortization
N/A

 
(95
)
 
N/A

Balance at December 31, 2018
$
18,501

 
$
—

 
$
1,250

Currency revaluation
(191
)
 
—

 
—

Amortization
N/A

 
—

 
N/A

Balance at December 31, 2019
$
18,310

 
$
—

 
$
1,250

 
Schedule of Intangible Assets
The following table summarizes the Company’s intangible assets:
(in thousands)
Remaining
Amortization
Period
(in months)
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Intangible
Assets, Net
2019
 
 
 
 
 
 
 
Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
$
1,250

 
$
—

 
$
1,250

2018
 
 
 
 
 
 
 
Amortized intangible assets:
 
 
 
 
 
 
 
Client relationships
—
 
$
1,543

 
$
(1,543
)
 
$
—

Non-amortized intangible assets:
 
 
 
 
 
 
 
Mutual fund management contracts
—
 
1,250

 
—

 
1,250

Total
 
 
$
2,793

 
$
(1,543
)
 
$
1,250

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

])..#*]MVA;B]E&O75V;@_FV4 M"P@UH]-M7:.RW):6)[8[2T%YE<<165Q&^1##(WX0V3';Z M6I#Y/O- T1Q@9]ERVP<> 76G\E!"J0(L;PP39U$WJI@$?T^B:R@1P\_."PS1 MOS:AL%E*!!T*]3Z\E.>VY*[!W[AK0(*$B*P>;N&S-T89:9>H+0NWB!;E868> M=YJQ(\VW7_[QMVTUV4(*,W^_P!JK,LGB,X432/ W89N16SHH'B8OD-UE!38* MK&$[$YRS &4F'DPK@3/97NQGE1'%:4+H$(%ZKV7V>=Y!GMZP5PV"Z4XQ!)FL MI2SO*$<%]VTVS,,3U ^P%@%8]C9][(8;9,4;-D"=PL],(?67DJ 0JY MMQ;?_)S7T.0>#)T*4>(Z\^$C.E51(9I0BLR &0'31_5$0)>10JW+ QQK>_JN M9Y3WG"Z$T6$);GBA19E:(W-&QO0,%UVFX4%]ET=J*^1Y%6[9-U5_99%N<21[ MMXQ41AK&ZO9MJQ#D%>/H @#5Q9*\.MN&Q]BIZDWR:BH1=0V&S]Y#Q-RG57S8:7+,A(7ML"+S13X__R,NBB <&Y=41"KU!9%Q0VV1K MV].X[&G9%F >+@NC\)I]N(<0&?,:]FHN9&0;F9(M5Z$\4'IANY7*HR[7C_Z< M\'+ =.BO8>1A==\VFIL#^8%;'K[*<+ES^BE[^&Y(HU#%MA"SA)WQC<\M5I9F M5LP5*"9@%P)'!WC A<:!G2EJAK L'_IZN=4 +U)#E]BG0K$]L'9%X0I>BIJE M3K$:_UFN2K;Z@GNZ+1$I/*.'4GPJDPH_*TB85?O/YK*PS7=T!2Y7 Q1+[H.H M+E5\ [/]\MI".:^1B-Y3W0S10C4O076@RJ!/DOVHS#3G'8."GRDK<;T6W-9L M8)@L$D'C=^2I,%CS#<\& +:B1V"4%HW+2!"@\/ J]Q;GG&)T&G"K Q(+Q"\B M43]/;'DL5QOE%2^S"%Q8*@BQY7)O$IMX&KN=34)]8$RFX,>FWI\*,$VF&3U@ M(0N4%T\!M2Y6X43HX^)&DDBJI%;SG\6D ?IM*:N72P%['>1"+=AQ#)"F,&*U MV FC>,A9Z+AMODW"+>V( MJ5G)]"=>MH/^$$>>V++Q$E_VLIQ?LWVW V/^\A3S@B7,?DAX^">O(1@JV^S/ M;')9G:Y\=["TK5@7#LP_*(!BRT&0/NTA9'3TN6);@=<0S9@#^ (K8E*B'/8O MG[_D>T;L81^!UBH?+?CZ*ZCZ#>Q%+N+LP%BY[C#;>"4'AR.OAL*9R&$U@]00 M>L6FZ"*II1N3> M?3 O5:T2,K43/Q)I/:N5GV:QR6WN+KPIRQ#:#E"Y2AF47$P*Q9L E.R9VWU6 MR%F%A !69+0$[=URM&+Q+9NLQ0R; R6.640D3]($(R&KCKDDH4ALXR?XP.2> M;:#H5DG&Z.M8I"1G8,AK[0'4A%M'[:8X+=?+RB\KOG3ES44!2Z@I#_9:5F:9 M#2C4]&&1N%+"H(#M+QGYRF=1?^HVFI,L[I!ANK!U4LS)RB)-/@O9BD17\'G MSU(SZ3\PGN\4H#?_[1?''6GUVG#>U,V5J_4)'BQ[7T#W3] M"JF(@'4UA_,CBP6KD,.D6'YS(].B$+D/@9IHVY6[6UCB%OS$#0\H'Q!. :X/ MUJTVOC4_Z0;]?_O#K7/S0;^[G=S>W8T-6W?<77#).I_&"/:DUX2'8N2>O]]9 M8!I(.-8>A'*S\T*B1#9=OS+%S**3/&^KP'$.OKGA:,H?7OQ-N6'KBYK72=_^ MM5]$FL7=#SV0ON?O43B'RS["(2+Z__\+P?&_12+)YVOT[2EZ#D<40HYU=Z<[ MQE@?N_:=8][:MZYCV;9NW%GFAZ[@R!PI/*7SCT(\N"'&:Z,9^'PZ&@T543_A M,\ZWP>VL@D>1*V,FHK>QGPA+^DC MES(F.><,..>Y]A1LR",>$)6]AKP9_@. M8CF0=K@"99E<%HS4*& 4F?/#T7:5VL+)DN=BL7*QAP+O)>BW'3_.K'IVJH/E M+)2"R(6P,37?Z P!.]I^@F?SD6;ZB24T% GG]B/,>_L?F17--M!R2I;M[A^W MF7E6!$Q[-E*';,!,/>CCC]2.<0S7_C2VK;'S\9.NW>F&]>%N,KG]M&?#R*H> MK)'R*VV2\H5S'WS,LVF2AG1$0TO,;]1;V<;HT3C?,<[-QHQSW=(^W3GNV+XU M/XQ=Y].-=:-]-&SSQJ(&E.Y:/3#.K3-)V1\WG[\JO_QR7(G7[;'F>@#^%(+B\,O<$(R5O[8Q+.E)TI[\WN+=0#DMXEWRWH&4-5@GI6D MSHF > '3.U%X0+GZ[5]?[G[@RVG"SFN1>:$20O*THA.@L ):VOO;W[ZPO_3W M? ]KH7PBTYBEB$'Z*Z2(93R9C_"/:2K9^3'&8S:+^/&V_>/3_[MW6498!/%< M/]V(19[%35:A/X482JD(/KQHIZH5,'4NO6 !3PTABQ%,CD(I][UZ1_7/V;0\ MSW]X3UG$D)60AUQ?%OT616J+_<^K427%+0BQ_1Q'#UZ03<6'[-CAQ^V)YW]" MS# +G[/ST4M>DB;G4LM>KN;7B9X::(2 7F>&<@Y,O(]_(@S^&U@E_3@ :M2Y18A"NOM(&X'D$_A[DX"*]:RV0"B#4)=1EB5GOC M_S:L= '0=8$IGC5B:\/O5Z<19'6TR=]K(].%5&Y^]%*J MZ']/8IVE5RJ?NX MS>@$7F?J^] KEHG"*L%(4P&)H\R?LU@[VPM@A(_%@6=;_GSP"X5I8:GVQMWT4Y MT4LXK]4\&5%$!XPE1OF4KZOL-)+VIH'G 6D7#4OB]=L(T^B M# BK\!!$CU#":YL![\U%7.@_@D>Q0/EU^*5)5C0KR7?AJ>;-".N@4,K.%<*( M_C4_NYE[+! (V21)=KCEAEJZ3XG/#>S\?;>9W2/.R^>QO=_SV)XPSC/;>MTFC[ M6 MY(=_PTLWZQKM_)1Z6"2^GD5!X*T3\B[[8V]*M_6?Z24PM#^],?2L\/.!>L_\ M':;]ME =NOR;?ORG:G>9E>YR*MUEG/%=Y^S7A=[U^XA)@R_2F-W=*3V5&7UL=HI M]RX=W\5@Q M]4L)RSD[6D2_>0'POT)QM"8.Q4C @#".4\^FWL&IEV#JQ5N8];[WBHO@PKX8 M+EXQ%@@:N4 S0= @:%X+FO$ 5Z"3#6P@![Z/HTTXAPA*%+_[;C8C9+$XLYM: M>01*H;0OVR!E*9985W#..49GUAZ#[;BVV#DD/%M M6JIF[];>0'PCOGN";\-4W7&5P"_B>W@>T&"E1!^KKH-6#DH)2LDS4J+IJJZA ME/3:5I(J,:%V1]G'';:MG#",US"O*>-RBBJ=7%4W=^MU8'RM(TZ(I*"R;%4S MJQRC0U AJ(Z!:FRIMH7[T@BJ)D%ECM4Q9OL@J!H%E6&K8ZM* 0$$U:6=E9[N M60)!;+3CSRA70,'T4@&=408#AO>5J1KC*BM3[7'83KP, M^5!'M![*P\#D8:Q.QE6"7ZCM$=WRH]M6'7>7RA'1C>CN![JO=$MUM+/:ZFC, M]&/SWGAI\UZJSVB0%E66JMHV@0E UG+%A:5BA 4'5L*:RM"JG&Q!4"*ICH-(-U;8P MMTPB4'5C'[2!$?BC+?>E9T$42U/'$]SOE CR%PJ)F'B>X7@1 DLUQE5*>:"0 MH) ,14@FMNKN$7^BD.!N4S_@/::&DHO'_Q'>_82WY:B6AB9.K^$MU:9F QW] MC:2]/III3537P?"91!+4 U!IKCHVJB2%(:@05$>ZYAJJ5:DH"F(*,74<4XZ. MN]R(J29#5)9JFEB262),=6,_\DP)F'\G2?). :_FBKLU/RAP0E/QTC3VIYO4 MFP9$22,E)G-"5NQ3&-$+PS2.@L!G!SM3$I,DQ4W.G4QQ0S4G9PW>[4.LSD@, M)E-BW>YS[H4"Z)>K"!X?S;XMZ=4D/N+ZOT(@3"H0\V@# M;\@DHLKHBH?"%?LBUKHD52&\.GD8&N]U@_4,+75B5*EG^&+G+SN?0PV0HN@. M1G1U4W4:(-!"T4711=$]J^BZNNJ:]:OJH>2BY*+DGE=R#2JYN.:BY*+D=DQR M)Y8Z'J.CVQO)[48FT+GB^.9+7"/;XF0_KNO(Z7M4 MHOMGWBI/G;1J&#&%F$),(:804X@IQ%2W,-6-79[R.UI*]'[S\P+*B/Z!HE\?52JT@.A']/< _<8(Z>,1_4-%OSZRJAP; M1O1?.@9PT2B(8(4=-Q,#Z/X9X/.-!XX!8@(Q@9A 3" F$!.("<1$;S?=SGC: M\]9+E@IMET_?,T^4.9D%7DSFV\.?>+"S[_W#N>Q/_W N^],_G,O^] _GLB?] MDS-*NVM-%FW'IO*U_I^-%Z,4)4P:"9-JT["-,,^7-9GY7H#I MN9B2'7@B1 X5>-/=3/PJ[G(=_287: MYXXC_1?&=A&>"$^$)\(3X8GP1'@B/.7RXR[CKC7AG,%13B^D8@A_D/_;^ ]> M .X9QG0N'<_7=-4<5\E>E%9/=%T=H "<4P!<0[7-*DPVB'_$?P_PK[NF:N$" M@ (P6 %P3-4PJV27HP"@ /1! "QJ AE5J,90 "X=$9!L9[>!,?DE?"!)NCH> M'.AK)$\?CU5#1T[-3@MNC_%I&);JXDERQ*>D^-0U1]6U*IPAB$_$9_OX'%OJ M&$O=(#PEA:>MJV:E* C"4QIXRKN1S+@Z&^CZURCU L5+$E+;/913#"W-4"T= M62\EDJH>@,K15A&EBKO=OP[/\NUVN6JKL(*@15DWM?-G7"<.L+ M,=6D8S_&4\@(J$97OHH9?8BI2WLN?=WU2M)H]FT9!7,2)W_YSC%T^SVK!I,> M86[M:QC"T$W5UO"L5Z>EN<_X- QU8N%9&L2GI/BTQ^K81'PB/B7%YV2L.CKN MTB(^)<6GJ:NVC?JST_B\Z#[8;D>7A%WH-.,MGB23+Y$T]*O; ^HJSG#?NXHS MW/>NX@SWO:LXP[WNJIQ[%;5[S#X^\B&<1L&"$^$)\(3X8GP1'@B/"6# M9]''RW%J7<"=+SVS/8[H&U8W3J$321V^E1=Z]XPD6KFZ^<>O/RC3)\7/BX\K M#V3ISZA'I[S>*9R(YFW61T:2CM3[P _)M?#E=4-[6[A_O$[?_'QE@:^X60\Q M3[+[N;>5M:.T2A QA9A"3"&F$%.(*<14MS EYU[.F>B$DM1/-ZD?A5 X>C:C MG3L;[?#E7-TJ9&0O3OYEBSCJJH/L2-W60RACHXRAC+6WCKFJ@^L8RAC*6*NVHE&I8@W*F#0R)F\EQ:;"/[^O27A- MPKFRH+/7SZ*)U*"TD89')K'J/J8,0S6POAUBJE%,C57=068GQ%2C=;14W;81 M4XBI!LLF.NJD4H .,75I-Z5_V]>W0920>6,>S#2*YR3.>JFO_U22*/#GRG<: M^Z]K.>BN.K$J%5FJ.@S2BGAO0Q0#1K>C6KJ&Z$9T]Q+=KFIIE;9!$=V(;NG1 M[:CNI-+F"*(;T2T]NEU5,UQ$=Y_1+>_68#.,!.QCN0X0IRBX^<>OM9%M4F3/ MHPWPMV70;E20+YJ5<&I/+ZJA;$/5G4H\CR]U3UI5U'6-@R+6+1$;VVHURBH4 M,10Q%+%3>C89JY9;/P2((H8BAB)V9!5S5;=25@J*&(H8BMA)(F:IKHTBUB41 M8]&?'U-@H,^^;^3AA>X\4_^JR_TUOQ?%8'%-TN5R8KE^%V7]MP?L.5 M_H-RLV*5"92E]T"4*2&A$I.9EZ1*&M&_%@&9T3^71+F-5O3I3X(],U&\>;2& MZ@9*M&"_A^217O] P@V!)T3WH<]^%J4/:%]HR[QP[L5SA7[]5R_<>/&3HJN* MH>G.2/E"B/);E))$,11ZF6)F#YY%(8O6>BF9*PL_],*9SR@]Z1=0,2U1%E&L M+#8Q*Z<]]Y/9)DD*#1,-_Z\$FD6O#YYXV^G3"FU;QU%(_YZ)1T(+1&]4^D>R MIL/@/Y#@:23[E!H_*+^$LV SIR/YO3,R%%$"'(9C$\:$-NC_HUT/HB0A,"0! M&U@JJ6;'*CD.P,98Z!A-!;M[7KZ$S$T4KQ'CP_ !&^IA-S MG7A4<=+'<[I59472931GX^LIWQLC9]L^F+_K=.F%UW1BUU$,\/#I"_T8'B[] MP)N9+&5BD[ QHYJ3PO(?HR\C94'HLB*@NTDCVKW4^U.)Z03 !OZ2'NKS#Y0HCTM_ME3H\!$JGN3!CS8)%=X,H2"_=&R*I16]^8.?D,-HR=;4 MW6$KC!)H!Q+O+']MK!<'EO>6WZCO'JI@_R[C["%K[YY<3ZEV^';M+>@@O/." M1^\IH:_Z<1F+\?,4?_[3F\31/]W=NK>&8;CN^.:3X][>6,[-IT^V97PRN_4%7"#0([A\2K!Z]"*\YDDFR!EE_Q.Q8RIZN1T/!6-PDFF!@J*HJ@63*V9 MA-*O2]JEFY N^@%M/@@Y6 &?HGBEZ-KUWUBW(KZ"1[.-6$W\@ KY]$G9)& % MI)X?PEK_2$V(ZR"*O@F;(C,#'OUT2:\ U;DB7@B_T@'Z BMW).@P#/LF6\OH M]QO:4I\PM0K?ZJYIJDRGT.?-R5QEC2K?K]\=N/_NSQE=M>Y)X4%6^4%5][3[5;*,-L%\ M[UM"ONT_-B9S_\#K?*K@P_G^Y8$7[K9*?'H*IALIO_AD% > MO!C60R7VDV]\\L%XC4%& ),CBL49?3!]2/"D0AOH[? (VH)':G#1E1AL*RJ& MM#?*PIM1&5#0>W>6>Q/^7NWZE^_&2F?Z07*)_%(-C//ZJ21\K74B.R]Y,\E M'1PVSS#N')8PH'3Y9&^ENNH_=#:8NF:B#*T3\^[QDG#4]BO,+>LQ/%[T4XS9 M"ZVC0\;,GM3[!@U3HBE5X=QLIY.SWM"/,SHGF_6<69@P=:!>:*.?CD\%Z"K" MF@KZ2\PV#!;X=W[(E J\0J4>5[JA39[3*0NB->](AN]':H:]PE(M+DC;*MPM MKTBWT9((M?X7;[5^KWQ)"15;%=RGD7)U^]N7'ZCB53Y2#^D1YH:*$S@E;'QA M&/@L&9IF\87"3T%'3A-_[E/9)!POLR@(,M<1]#^A:IYY6UY2]*CHJ%-P;_@ M;N)#UJNPOO3)C6;ISHTS_@3_N_OP49_<.OKXPZWE:# M-,B-#^X,%'CD;@AS:P.J#D.^#E!YIGISI/R^R>]C%D/F^+!["1,^ZDQG!H5* M55O"->D@DF!,B/*__D:G[%]1_$VYI=Z\ MRM5;M%CX,]8KY>_43@7E\!&T#_W__P6[Y6_P#[S]:_3M*1I5G/*]\OQ-S3E, MSCJF:WU<*L1/QYU.RWUQNI@7?VS..&)^!!.#33\K_/G\Q8?G6556_IQ^(MY* M(2&)[Y_8X/WZ]S\2M82V%57-_K5H)YV,0[.N0@!"F6^$XCH*#-&@H_ 2&-Z. M"=A=3)'-EFS5]IA)0M(G6"P*PQ@QDX4* X_3<9L!?H#E&L)N8.4+R8F9Q<&5 M)1 $"&K=1 ]L9-K8(*G7G ]C^EC05@3 MXL5@R(:%4$.1DX$^C6(Y(=PFB9B%$Y6[GB[C:'._/-IE0>% QYX#!Q0%@PX3 MX"B\%CBZA]F'N6!'[ KR2:5S!98;_6G[K(2 Q9B2O)@L7W;HDL/#'L702>VU MMP41F]/>4L.,:1QJ3:2/H$5(R"QA%HNDW]")^ \%";A3(0D283IRO!,1',)ZXPZ7P28C$K4R^DTA'31B;,C%1VISPJ%8AAHI&% MN^A,QR!0R8''SBPJJO&XM4J-2?HH$'JJ]Q8^%4;FF.W^"K& '$ET'%GLA%W*5QEO MD5[_+UVS O(DYD"E0)M'C]O8_@+6.^XY4\D"P%"1H-8Z1Q*;$Q46/_IIYH%* MIEVABI&Z6-QU"YG>W X1E]LBR/*>9^;]#-0*4R5[1@5?;_BD4 _&CZG&Y&X; MGS38 J&ZWA,F=O9UMI@7\2RCY&?;0CYX9Z"'Y]Q17!#"-V6V7\'PS*@;R-3; M5C+9E0!V-EXLLA/GF@\^\GMRU5B'E4>XHY"CF#G8@UC@6U :!H)>NUX&_ MW9AY\()-O@TCEG^J*3A\X+4J MRISPN5IQ=IH_]I A*L5T)VV*@ M"5C'Q>Y%%HO(#?PX&_1Y8Y+6D#][PQ=/GYLCT7:.53;FT9\LFD6A5CD.[AHC M_6WEN]4:+]9'3O47,PC4>7>-3C.E!?AYHF9GHK!PL/*1JI/5E,0\^&#R+7"7 M;X2SQM(_[/*V,Y4N;T=['M!KW(HNJ;:MZJ00>/"9-MTSI_*EA^W)'2(N**UU M9=/ED,Y3MKI1A)*%TI0]*/3*G;DNM+&U-PY\1W7W$'GU'55=6]O%V M;(^U&\LT3?WCIP^F8>G:G275CJK@,OP'6_ZWVYG5PWC--))=_LZGUHH_H\_X M\*3\LM6/_R]WHNO@HW!U*8]"VUG-X7/Q<2%874%946@\QXZEN5&;+0C$KS^] MT=ZPS[29L^SS@7'XZL->#$3B/D=4B^^V]M&?ITOZ)^V'R&2$*+2W3LB[[(\] M/?5FGX]39['D(V*RZ""Z>"$WOD:74YHG7DB$:D'D>J MW0FD=J.\9_,^''O#G,Q$,LL[%LF%@7R_2UMY\RQMY>EBT-=B-5(!1UHEV.-! M&&S'KF"I%'^?8W^:;DW@^SW'J^2=9"0;:>GI0^WM%+4VI5I%]] MH7=X3EJ*4@0H7Q=GRJI(O8KRA?*%\M4>[:JL\G6:<7FB;>U(:G9"M $$NC:Y M2+>*&)NJZR)_:=>7A[ZBTU =O1*U#:(3T7D.W5F-WD Z=%8)'\F[D/^^21M9 MR<]I5C<&RBM+=;4VS,_]B93!C3B2N=%W?[#O(#;5\1A!C"#N.(B-215:WOZ M>""1@]\(' )F-H=R%0GKXZ6^4&.KET/T6Q7H]1%-".: MY4-S-29W#%.TV\M?#QQ!ORJ>/Z]K04@*1M6QJT3-I W=#DGQR0FI*UW5["KK M=7^6903AI4%HJGHE?@_)5]/..^WAV)Y7X M;!'/B&<)\6RJFEYIFZO[>.Z7+_\U]L)D0>)AYASH]0F0)4IW15>KZW@TZW/> M(QX1C\WI1[=7@!Q(X. KJS;KA[.80$'KJSGA?]7>V']A7ALU8JN5XV@,^98Z MF51*"Z@Z1M7Z>VD5CL[;P.2">GYV*X?$FO4,+RM-& 9!27K9ME*U\PJ2G"O, M0 N 0(WOYDI_F'0^Y]$&"N'V_.ST,SV]K.>NJTX#T:0#W9/6]NO!PH0BUB$1 M:ZB^#HH8BAB*6*LE=F02L49C?MTQ//\@,92F!5HKH+MB$<$CE%.-^FP'IKXM MI^TU*&LN+FB-]#;DH[7PQR5D\2W&/U"63I"ER:A*D7Z4)90EE*5=6;)'];=J MARA+/8\_/G#.Y5>9?N=WV2Z,BTLY=)=6&M3=,[5VS-G+3BC&6U!X^RZ\AJ,Z MU2I@HO"B\*+P7GKEG3CM&.QR"J^<+%&[XBTHL,;K1ABFN\_\DA,]-A6N>8Q3\?4W":T@:^T2_K]:S9-*&Z/J\,8TRW&<9'JNZ<];3.BC#*,,H MPXW*L*[J=ANT!O+)<+]J%#7#;UA%/-L'I6ZHEE.E JRTZT,/EH&.8\JI2.^& MD$)('>F:J]I:E>UJR5? SI?Z.1-C8-?*4]JJ;9TUXK(_]74& NN02'5VH/OR MX*J67C_/%^4!Y:$?\C!1QQ;*PP#*&[="<"@GJ"W5-JLDKJQ* M]5:ZH^P0@K)#T%3U2965&@,/[7:_=0[ CIF48]5Q*EF4TNT=H4/4/W0R/BWD M'T(\]P3/AFJ86B^T;;_<[28I"^5$WI51,8FD/PIS2'I14A#JJEXIGH\@1! V M"<)**;'= >% ?/ES<0!VS,B\:H4=$#VJ82CMO@E#*]2$* PH#%T4AG9X$7L@ M#?T*9UR*2%%.U#NJ52WH)BL=*/J878?DE=%(#<3CW95?XR*(NPYB2]5:26-TAL,UB7O<<9Q]G/TASWZ_$S$ ]8V:2/"*ZA6&5UGA"4"$KI0#D0C[X5,K^.V:I7=J,N?G^L M 72\N@=FC D@-"6%)L8$9+4"6F<>E!.0NNH85;:AI-6*0U)^G)9V*T4]6LFKJ384&#)! M\%<<%\MJA=/VHC"N72CGK+;XSBVT#^7'LB^0KFA/;I @X8Q1675BU3?I.L&/ M()5ND/<0(DIQ]Z2XF6/W*,4HQ2C%EUR+FSC=WPDI[G?)&^0JJA=F-$>MF*1U MXS:R,%5@X*;O F A50L*P+ % %> 9P0 N8J0JZ@'+M6EU8RKFHZ.1 ,85$'] M@/KAH'[0&DAZ1/V ^@'U0S_U@]E DD4/] ,2%0VIVP/J*LYPW[LZQ!F6,UWN MLD1%+-,?&4J0GP9G'V9+#5Y8F_H7Q= M5KXF8]5RD?X+Y0OEJYWURU5=Q^F3? VDRM(@"8KTB6HY6/:UZ^M#;^&IJ[93 MI20=PA/A>8Y#$.IDT@^.MWZ5!!HV49%NJ+;91@AE?R9E<"6P;DI?4>Q.*JW] MB&)$L2PH=E5':R,:T!T0#R1\@&Q(;WXV5;M2 7'YS&'TUOJ'SBM=U:MQ>':_ MXBOBN7]X-E5G;/="V_8K^#!41B1+'=M5\"CM(C\DW2B3 D)E9C, MO"15T@@2%(+-G"BK:$Z"ZZF7D+FRCN)T0?VK*%$>E_YLJ3R2F"CKF#SXT28) MGI190#T"?^'3:[VD[!UX\P<_8=[!Z"54LZ\Y_'>171 TX&HE\>ECU*0DMOQ& M?=?P9O\NX^PA:^IG74]CXGV[]A9T$-YYP:/WE( @+.-GQZ_YUA[?/OH'F_=? M,I: MIGQ]6I/36[[?4RKL?I^.6L@_%U\01O'*"TH#H M%U)C2W6GMRHOO M_9 WS]ND4?8%-\38-UP+ZQKMO%@Q9U$0>.N$O,O^>+^[-FY5>;Z/KAMOCJMN M_HZ)\;:@Z,N_Z<_\I%6[K3_1?QXD2Y MHPICKGPD,[*:4GUKZJIL5#^[6KN=".6.%K_R0X7>$\!1D)=2*U^L$M\"7%X1 MQFT-0(:F5TF][).JD&/JJ^UAM(D+1\D&KO;3_CO9K)]Q,3L(8[E@;'<"QLCLM,_L= /Q@BA^0H(7I/?!V/Y/TJ4'Y4LF^=)5TZJ?9(+RA?*%\G7@#I1*M#7]%IJ+I6R5)!="(ZSZ [':,?M'C]*J2G=+IT=9!)H_PC(*X1USW#M3NV^H_J?H4[!DHE9:J:627Z)JTN'9+*E!-25Y93 M1?MUQR=#",H.06I7&L@C)=\B^S7VPF1!8N20*COWYZ2/DG;E1B^H?\BN9%LB MM!':\D-;=X>![7ZY^5TBB;IP$,M4)UJE,%8G&4G0J>LUF&T#H8Q0[@64#=6P MZ_-$= 7,R!2%3%%=XHDX@^,Q5B>3^LR>R!0E^1HGD1@C%XQ,!D!#1_N[SP6# MV@&U VJ'7>W03&&"[FN'?A?S^8/$4-\/R**H.Y"RL.:K6*,JNM!-*9,M9%Y# M M&8E%CNJ!6NQ4I9+!4'HRD!>HLQI $*@#6J'Q%% 4 !Z*H F)-1*S1\?1& MH09>'SK!P'F*+7X)),GLC5U$S>B6:H_K9XI4=,=D(EC#: TJ"%00A^(U3@-Y M-J@@4$&@@NBE@M!4P]%009SBDIS1.1>4).-U VR)#=7E[U>W!]15G.&^=W6( M,XSL2_OL2W_UX.%?-E,/:9CJV<0][CC./L[^D&>_WYD;2,/4AM,O+8V%X?2* MQD(&LUV>6!R*U\59SB9V&^>P4;Y0OE"^8/?:Z=?Z-9!*2X.D87*M?A")H/?; M/VSJ5J,E81&;B,T&RR5:>C\(POI5K&CH%$Q:M>+PO2'_&( OV'\0&^/ZN3L( M8@3Q14$\MH;-)#:0J '2,+TH"F:C;EPE";CL/OI)&OO3#:RF2 ^UZVR9U9RMNN/0?76+_E8OY<&=G)5\!^4!Y4%B M>3!536\C2;,'\M"O. 2R5[TBITDS6^'5E++6,7J=O08SU?!F)5+M5G;@Y8LV M(_S[#7]#-2J%#0<"_Z&6:D6.K),@(UU%M3-8?YIJ&JT4^)YWZ2(DG:H%&M- SIWL#N3<&:( 6*-6U@$4 M !2 3@B I8]:J>3>%P$8:B3S 4FG^N1375K-N*H[1DH9C*J@?D#]<&1[9**= M-["*"@(5A+3H0 6QJR!,U9VT0H\K*P20<^JPFSX@OAJT!='>(,(^?4 M/N=4@6U*N?MS%FR@K0ICHD(&&N0?PMG'V'^2TK?,59MMXU# M<-*&Z[JN>U"\NB1>$]5QZA\R0/%"\4+Q.KAZ.6ZON-T&4LIID-Q3NJJ;E=8" MZ5+8T?OM'SK'$Q>QB=B4$INV62DE5CIL]JO4T+"YIPS5C8]1#/CGYY M:AQ$,Z*Y(>UL#!3-_0IL#)3+B=H6DT[QGJ#O)CNDK@R[BD;LCN)#",H.05W5 M]4XQU W$G?\:>V&R(#$R.97N."M)A[0K-WH__4/V7[YS#-UH(^<.\8WX1GS+ M9Z-TQA3I$&=2^S@VVJ#1D%83H\+M-N^+KFH-U'_O+>\+PK_7\'?=-E+0Y"2P M&VKA3Z0P.@DVTA7H.LOI)Z.^_'>"-&'(#K5$4GS9E4$Z$;_PZM_,V?V*%?@D ML@Q0.:!R0.6PZKQSZ7:L'Z9;J)08AJ4PY(07UF)'R"4%XX;T+W:X28)-\ M->U\*.&CGZ2Q/V5G'@:6B@#$S5JC=F%_%"9Z0)W$LSLQ$,^(YY[@V50UO=*F M7/?QW"]?_ER\DG+B6*]?S$ZB*!.Z6EW'HUG)1D \(AY;TH]NKP YD,#!I0@: M^[0M9:F32?T*4J\8(SDWKM!Y0[G8]?SL5HZT86(#2M*@)$E7M?,*DIPKS$#+ MER_<@M9LY09"0*!H9_>:&_89WK5+/M\X+U?_15)E-_(H_(YHH[&>V5_/,IN MV*,_3Y?O#(OK+ &%UWAM;TX=,9>^OJ1;-/[.TX?0%;GLK]K>!,?R56VLT*2; M%6,#49;> U&FA(1*3&9>DBII!&DPP69.E%4T)\'UU$O(7%E'<;J@GGF4*(]+ M?[94'DE,E'5,'OQHDP1/RBR@+J._\.FU7E)V'[WY@Y\P]W'T$JK9UQS^N\@N M"-J,/HK$IX]1DY+8\AOW4L39O\LX>\B:.N+7TYAXWZZ]!1V$=U[PZ#TE( C+ M^-GQ:[ZUQS?O_L'F_=X_)V?4OC,Z#,^/"F_A \D M2:%MRIAN-_,POU[*H3=[],Q"OGGX@O"*%YY06D<=*%V&E.Q M.ZU=>?&]'_+F>9LTRK[@MB'[ANM<7:.=%XLC73$#;YV0=]D?[W=7PJWBSI,9 M=./-<47-WS$QWA;4>ODW_9F?M&JW]>9E4M$6GBLY1M=ERB'>TP7.:_ON'-:J M_R)>G"AW5&',E8]D1E93JEU-796-O7)7>;<3L-Y1YE=^J-![ CCR^U*Z[HL, M1RW Y151_=8 9&BZ.\S=25YNX<)1LX&H_[;^3S?H9E^89 W2\3C,O M:;.^W#[Z*V8'82P7C.U.P!C)2O?)2O\Q^C)2/A,O4.Z2E#IB2%*(%)4X^SC[ M./N#S_A'@M)6.GK1\]&&I4Z,-NJZ2[MOWW7E@_+5*?ER5<.JGW"'\H7RA?)U M.!UE[/1J_1I(B8]!$I3:JN$V6G1.VE6@M[Y?C]%IJ9:#Z$1TRHG.L6IK2% J MWT(^;(+2L6I6H\WM#2W> /S!_H-81X)2!''70=Q.H*T[(!Y(Y )2E^LR^:: MC3*4RED2 IV\@>'Z:F)K%V=LP+J<* >7KNS<+!&/G-J]7T&2@1*.VJII52E2 M):U-,225*2>DKG15'U?Q\[KCQR$(90>A7K'XGN2K:>=# T,F'#54QT'"4?2 M^H/G\:12/!?QC'B6$,^F.G&M8>*Y7[[\L E'>T6GAYY6U^%X9;3".-H=W8H0 M[CR$]4J[6KU!\$!B$\AI6G\,)ZKIMG'8IV-[8^@?HER4EQ!+G>B5G$OD-$5) M0DDJ;2]6V[(>NB0-M":*E"RHK0/@4J1K[X "E9F;*8HBO(@.MZ.558:VJZ.9= MA,;*,D?UH^Y5!JFJFW<)67R+$1.4I1-DR1BUPT2-LH2R-#19LE"6*LE2S^./ M#YW@@4>7K8[+INL8%>G8*H8BUB41FZ@3K5)A#!0Q%#$4L5.VSS35L(<6>)3! M6Q,,6.-U QR]?:!_.=]XX!@@)A 3B(EGQ^.B/,"7)13\(R8+$L=DKGPALPU] MFD]>.CGW$F+Z;M7VH'\XE_WIWV#F1-1EBQV9JC9I MHSRX?,P,4ION\L394(8[)\.6:E6K"8TRC#*,,BR%#&NJ?=[3SQ+'W+M4,*@9 MJL-&=[*:9.4R.E4)CM4!U6 MBO-=MBH3!;Q3 _ =*]\W)-7<03!>&4:5H^.5=*A\=;X0O)T&KZ&.S1JFM&2: M="!ADM;9 SMF !NJI35*=22M*8#N6_?0>>54VK[H@?.%:.X?FG5U8C5*)B^Y ML= 5FZ!)JD,YD7 \)588U:8=RN&YF2A=H*0U-]%X"6"!11 % NB( K;#Q M]D4 AAK/?>@$ZV&7BV V[&^=P:4:J[9FG+7?&%,9=DP%Q;B5R(AAMD)WBF*, M8HQB?"XQ-E3'J)_"WPDQOBB'5P=XW/K5[0%U%6>X[UT=X@S+R=M[62[&_PFB MJ1?\^$N8DCAD/WN!\IG0?^Z2U$M)EYD\+VK(]KCC./LX^T.>_7ZG+G20^[$# M?OSQCE[66]=5S6KC#)"TH;6N*Q^4KX[)E^[63V5"^4+Y0ODZ<(>K6N,V:FI( M'%+N1>VC9@@0.U8BPU#'U4B&:LNJ9*IW M"]7]"I&TSM4HITENJ(Y3);-$6ETZ))4I)Z2NC'&5:%MW?#B$H.P0U%7+K1)G MD'PM[7Q8H$GRPXYMC5&M6*GZ ;++#D*/=@W-NMNHAX-H1C1?4C?K ]7-_?+A MS\75*">*V^/V0F=?!IV*H$10(B@;"0_4+UHI$1X'$CNX% %BG_:E#-6:U*_! M^(HQDG/G"GTXE(N=<$8KQZLQ6P?E:%!RI*MV.VR-W5I?!EIZ1$ZVQOX1*W5 M#YCJ6&NGO*B4 C^ D !*[C DMYE20RBY*+DHN>>6W":*&'5&<@?*K2,19V%; MGNM%J*QT9W1>6HNZ,2!9.*XP"(2RM"M+[JC^*5^4)90EE*6?=1MEJ47NQ:Z: M@1VA6.RMLW<&P8>R1?4W4RXACAAL01'KA(CIJEFMUB>*&(H8BM@I(J:IIM%* M8.6R@<_5MH#O V70O"+-W0WA:>/GEM<_@-_S[V7[F%K%G*C 2! MF.Z?WFAOV&=ZU2S[?."]7_T5293?R*/R.:)VY'ME?SS*QO2C/T^7[PR+PTC, MZ6ML[S>GCIA+7U\26XV_\_0A=$66UZN2F, ]>%4;*S3I9D4],&J_+[T'HDP) M"968S+PD5=((4EV#S9PHJVA.@NNIEY"YLH[B=!$%?I0HCTM_ME0>24R4=4P> M_&B3!$_*+* >@;_PZ;5>4O8.O/F#GS#O8/02JI_K/2> M$EBDEO&SX]=\:P]%;KA._@?3R;\>B=@\UZBB73=9-T#&R3_"Y>_\E,)G1I_Q MX4GY)7P@20IM4[ZDL9>2^R?E6IG1B_UP0^;-2D;A_KVEGMWOT_$*^>?B"\(H M7GE!:4QT81XT9@KMM';EQ?=^R)OG;=(H^X*[1^P;;AOI&NV\L&-G41!XZX2\ MR_YXOVNQ;@VL/!*N&V^.&U3\'1/C;<'\*O^F/_.35NVVWKQ,*E+P<^VLZ+I, MQ_GV=('SVKX[AS7LOX@7)\H=51ASY2.9D=64:EI35RMM$K0(@UU%WLZ^P8YB MO_)#A=X30 6>EX[.O<@=V@)<7K&YTAJ #&W/QAA(;$VRJ:^6>=8F+APE&[C: M3_OO9+-^)O3PC#$Z7J=9-&.SOEP4^!6S@S"6"\9V)V!\\NKH/S=3U)JWOP2+F(O2>/-+-W$I*XP]#B[:+ =Q]G' MV1_R[/<\#>S86=PIN??#D#:OP1.Y2*-\V;WTB3K6VRA3@*%XH7C^/5;M:E5U9Q6L@=?=^"1NA#NY616A;;Y2=3]HEH+=N7X^Q M.=$JI:PC-A&;K6/3L1LMI"_YVMZ5)?QW0< [R&+/5Y-J5"6]H9P>@!O8=PA; M5AM5-1'"".&S0=BT*Q$]]P;" XD6_$92Q><1 ^4J$G9'[1+]?2J17*E$6[?J M'U_8L[OP##\S*L-$_+C16!I"'B$O.^0MMY*QTRW(]RM&\JL7?Z.VB[=>QV3F ML[Q+X!C:?JIKQ,AIE^OJV*C"AB6MHAV2*R@GI*ZL6J=GY'?E$(*R0]"U.Z73 M!A(;^.@G:>Q/-[":#BR?X,IH=M.V/\H2=WD[B&:]VI8:HAG1+"6:&_76NX/F M?GGP7V,O3!8D'F::@V&TL;^&;KX,^K23@/S+=XZA&VWD[2,H$90(RH$%#[XR MIBL_G,7$2PB$YOE?M7,+SDG/?)9X_KB-=$?Y4G31%1L>NJ^LR?B8/D.)/=]:1CD32AR5*V!_.G.VU3@%J((5QSD3NU[':"%>N?E8#;W_B M9B@-EH-5I 90$+@5+L)*H;W+'F6_LO4JAGLE MV%[V=#NRM?00O-;9V(00O C>9L'K5#FYW1/L#B3^TCIQ8,>L:TNOM#DNWH;]P^:5857R_+KOV2&:^X=FL]J)=NDT;;^B#DVR',J)NZM)E6!R?W3ED%2B MK BLLKF'"$0$-A>6JE)YOSL('(CS?B[.P(Y9EM1/JE\FK9<[9.A'#4\:SIM) MA $OA/;9H-T>'Z)\^.Y7F.%2?(A=W(6;5$I+B,42LB4CHY_:]0*&17B'_'?"?R/1ZT0V?0%_T.-Y#YT@H:QRY4Z&_:USA%K,1JH MUO&:;F,X9=CA%)3B-H(BFHU2C%*,4MQM*;8F Y'BBY**=8!8KE_='E!7<8;[ MWM4ASK"<1,*7)8=D)P2ZS!]Z46.UQQW'V M^=A6G7&5&I,O]4[:\%G7E0_*5Y?D:S)6+;=*I1>4+Y0OE*^7UR]7=9TVR%0E M#ASWHG!2,TR,':N6H4]4RZET*DRZ_0WT@'L(3UVUG2ID"0A/A.<9X&FJDVK; MQ]+!LU^EA,[$("DG*J]T0[7--D(H^S,I@RN!-5#ZBF)W4FGM1Q0CBF5!L:LZ M6AO1@.Z >"#A@U:H&1NUAR]^BKP:[UW'#HFCGSQ]4J M>"">$<\2XME2;;W1)+#NX+E?SCQ2*+TF & :;6PORQFT0L>MUVB^LM6)V0;! MZ4#V(A#^G8;_6!TC*U+O:VDB*U)]3$E7X^O"FL,V5+W: 9B>D1L,V;%'[8#: MHK0Q^??LWT)SH#;PM2C* MK!O:V\+3)Z]M#K_AW\?^*[>0-4N9D2 0T_W3&^T-^TROFF6?#[SWJ[\BB?(; M>50^1]2.?*_LCT?9F'[TY^GRG6%Q&(DY?8WM_>;4$7/IZTMBJ_%WGCZ$KC@4 M]:I=.' /7M7&"DVZ65%_BMKO2^^!*%-"0B4F,R])E32"C(E@,R?**IJ3X'KJ M)62NK*,X75#_*DJ4QZ4_6RJ/)";*.B8/?K1)@B=E%E"/P%_X]%HO*7L'WOS! M3YAW,'H)U<_UN2!I0,U*XI9D#=OPLO;NR?4T)MZW:V]!!^&=%SQZ3PDL4,OXV?$[PY0>"./\ M$CZ0) 6=K/Q!C>@HIDOO#*(ZL'><=;7^:SZ2&5E-2:>K]20 ME(/ ]5?W2A+/?GKCYP.TWHZ/;NCNZ#_K^S>*%Z0O7B-:(AIA.I IR8V7B2V, MX!_I^\Z$8+3C^FC'_0$V6P%]BI\H8:3<;[S8HYAF[/6+3;JAQEI,DDV0)B/E M]TVZ<\><4/BO:./FRI2:, M)$Q)'7@L?)4_!OHUB\+$IR8H?5%4ZO1(^;HDQ_I#9W"V"?CAW^?Z1E_ C6-Z MG1<$BC=+?6I->[,9MZV]L#1DS)Q.E/4F3C8PN(E/9]:+BY=$T_\0]A Z!I^B M.'^4"L_>L&3FPP.3*"OB)1OHZ'T<\0%:$,+;$)(4/C_ZZ7))U2:;6._/[!U[ M+52IY,;"RG_^M?.( -I2.BM^DJIL_(]CQ&/ BA(_Y1^S8LJ)H MC'TZ &PL0CHF?D@["M_0,9IO9BE3^MMH2;W MOWBK]7OE"]4<,<7'2^X:+A;/+!:&=(L%6&'N>VJ"&9KR:Q0#5TB2>K%*]>UL MI-Q0%?89WI8HGPG A!I1H%&I)'&I5>&Q)BD>7RQ!4'S =R97 MG*TOH-%H X#:B_Y2 M6$L4^ECJ1\S_LTE2II_H^AUFFH8^W$NWVA,:]T#;P:?'A[L7FW#^7U0ST8XM M@Z>2[KOBL9UL;2>+!=6M;+7@BF6V].)[T%E!Y,UAV0GA]7.R6K/'PY+R@ZJL M R;<] VT.?2WI9?0_M+?Y]%C2*=FOFU1(AX!WW(=3P@\Z> ;K;42!%5-W I;8!?P#8YGP12>DIKQB&*/QV^TET2;>N\0L7) N M8_+20]+'B%_!>L',"Q869LW,+HI"_IB14L48^Y#-NA_.R9K0?^C0<$B 5MX7 M4_J,%^RP?4U^7=#Z]!W7D"/\C]&7T75,[F$VX(?5AJVB,/(<\50=)$N0!1;: M(QQJ, :P[0*_\A1CA:(Q<_.4S,.C1J:XJ A\T2T?EF_NQ\&B)A(*.E#OH=J&QW/;;, 7!C(5%#,89M^=@OE@O8:GV0RZL M"15*OO*"&J%*FH IDE+MH0I3"'34S ,!3P)H>A'C/F_UO'"J'48'W$K0&)U9 M\.N$9TO^M=-8V()=_LY/Z2HY.Q0!N%UZ(2AE.@4B)?X?+.C\:YZ2HEPS2-+^ M@GE)^+S#5\[K@P=B5VBRLWTWR<()/I/?=V9#D;@C2?X@_9I?M5JF6Z-)[:91*\NC M#@)=0I]H:Q94#X#.+JXP-H'.SXL^FW])97S,? M.V8+*[74_=07L8D:H]R$R+#&@25$#3*Z?-)UF3D1AX:>^?>BDBV,_/<3>Y)W MDLE_ +8SM1'6U#0(*-JON.'@%T:&KE)_^1-4=T[.;Z MK(7IAHA\G'M547SOA?X,XKB/U$X%)X2MGQ-P3#,7C'E"X"S.]W? !KY1JY]] MH_89IZ"!#NWYUJH(E&>>3 :8.9EYL& I.K6F#R%E]TG.B%M[8*J54?L@7P]*KQ(;/EHSXR$&!+ P/@38>WQ?QA-'I<#F\ MI9OY8%I#/MCS!QZ>$\D^^&;.R*CGFGU?^>Y):+U/()HMHYIJ]#AHM:Z37 M4!"P"K R74?4J]J$#M/MNDJL1IB"KL875V*&/=('$E]J/)HS:< I.2VB4+V- MKCZN[Y^ B]1@?$EO8/'F\:5\C+8!IK&NG2/VPL;D>W.\$^@YY,0=G^)"M/-[ MP]3+@;%=1_6%:,_WYC9J]XRGR^(3I2:_% PYZLW3>32>?Z-P7TM>"/,<%BR[ MZ.!J" );&17FR*JAS4]PC/9FBNW0$%#WWI*R1>S$C1)/ DS*< M1L)[_?.D6A/%DYT4.* %^37]]U;;QZY1-JM?,G>YE:P;UO/6^(D[P86WM^Z,3-Q# MAOVQ+;KGG0E]*U^G;IE^[VAFN0&''9"Q;KRFG44/HKCQ=MID. MQZ,PZX5XSNI14%&ILU=33U?($()PFVA#)QR*QLUWHX&DLK:W0733&M8VB.YH M+^],"%]'>^6.P&D;&OK8J+>A44CC?P.:?34 *D"FYX:!;M:R%&M9!N,&UN3:N>.- M',3J7V2RM=3QW[/B%JQ^2&=2QJ-2LWMK+%G&:")[JKAI7ZX4@:E)D'1A&(.) MD3:6=&%)6XI@W%KR>H,ATB9.6!W+#"GF2S]?B>![?3N+57.S[5-"F3JU3,K7 M'3X4?#Q^.3XI8FH[>#9XQ\G:I5PY3Q'GA@X"OQCH?SZ-9L?(J.>MZF?W5@_X MZ764#KJPAUS8'8S([)XVL1U^0??4L"7P3PVKD3UY=%!/=E!O@XA"MH,NZFRG MX;UU4O5ZI\O.G:O:D\W X"T MD7M2$:"CAK;P'VC7M9%^8CTAV?:P3S!Y]P:OYT9OO7(=-9>.IHKFU6E#$_DB M:/&>:/&R;ZH5;';V"S;;#9G+7:O.7!T.C>SBZA?[@:"^FMF_<])<&GL3A;:;-1#-)M('CZ6(3VSME/.:$\TN M7T:-PE4TY]LC#1=E?F(RLD_P%&^N/-N3$2 J51JR/RQ7!:*CT9TWCPVS$ M:VH;)#6,$;D\%JP_>H85I,FDLDDM!?%RO+X)'69<+NC23.G/FDK,U*3DMSF' M!_6];>7AWQ;\&;V1$DF'_!EJ^>:ALJ/>A6M9)U6#L29M>Q>G'5<=C[43B6F^ M-[17UA1ZR;\Q;>/YL5+++WW1::'7Z^X)I4E%VIFM-W>"UGG>)SI[2=#&ZVS* MLU:^Y&W5&+.6<[CL+KI2EZI->EDO:WRYK/>&RH+6-E":2+WOGY=U\>/%9Z@D M)(LG8W6GDM"D5E/K'?EOI"IH_:)C,IZ2J>O0G'!*IABF/VQS'_%QOK>_SGSW&W6/-=W]PL.F.='BN@<-L]Y.YV=I[('"M%<;8+4OZ8W +_Y M4V/;+!T\6*;\BS@#;E46JT$@+YZ5)>!CQ,CM9UJ)=*+=@OROM>]=^U693N[XU$0GXX5]G(IU?QLM]]M\"5UYEHS& MJ)/KY,SVU:R7L\I9G/(LFZZ\.QGMH\+B#;N$^@00E7R_K+)B7.TW>4+'5FBLOGB;'BJ^G M.0SM5WR5Q&6@"X/\+H-6BSJEEN)JI-IJ[;)],E9\;<-A.'IZHG#2][!+,-:- M[?F*Y\X '*D7>KC(ISPB7[8,M9%V8I$AV3:+I2Q*>MF4#?-R 9%F"H)*0$O? M*:/LY__V%'_^TYMD/+YS;S]\<,8W=^;XYN;#!_W.OOFDN;9AVK>:94.&HW>F M),SSIWWB&_&-^$9\([X1W]C,&P=^C,(ZVS&*9H)%Y=+H7S8KZO[!/HSR^YI MI=/P7ODEI);=BCF"IX_E_G3OM[=P?^;X!&21OM-V'!_X7'Q!",T)RLX27$,? MR?/%9B0(Q*\_O='>L,^TX;/L\X$Q^NJO2*+\1AZ5SQ'UA79;2T?EW@]Y\[Q- M&F5?Q*Q![)M'?YXNZ=6T\],HIC[5]2P* F^=D'?9'\51@4>Q%M-I3^?4MX06 MAC^]T0T 0SJ'?^+\9]%B_HZ)\?9]=M'N;_HS/VG5;NO-RPX,*'6%4W_F!6)2 MIE&:1JOW)32"&UZ$6O$SO[[T%4>$P>%80#@478;MS'=+?TY1W82RX<[1CL(1 M8[#%D_[F^%P:X&:&(D=@+^5RQW-MHD7CA/5,C&(^L4:DO#X+,T6@C?T<]* MLO1BHLR]U/OA!129%P#1_E"*MS"%O_>*\V.N2*53'K?!:!?$Q6%<.(@+Q,4! M7-AUUJ.I-_MV'T>;< ZF912_^VXV(V2Q./-"U9R[P3*=_N?FYH^Z:#KGP)Q9 MI ;;<9Q]G/W+S_XKEI!SCI"D/DSECGXF#R3%U4L(VQ5E&P+S<+59>\/OOF*&0R"YEIJ9J]6\T3A0R%#(6L.2$S3-4=5PE2 MR"=D?0LE;A/7_' 6K8AR%41)^&>2"5X M75^;4,::D[$K4S7&5?*_7^S6%GTRF!M5]#\*)0KE181RK$[&54(,\JU[?0O+ M<;YE9E9Z*2\Y@;79;. MN2S&R&XTBB#M\H-! 92P"TF8U8]4'90PE# I)4P?]22MNV]1MVTR'"]8)NNY MC?RXM_'"<>]&?;SFCBRYHRHKC)P;/F^'&5KH.@2=4145C!!$"#9V=%\;U:F' M)C\$Y0PP[8)4K,+C=2-L$5THTB++>. 8("80$XB)9\>C7RXF^UBNZG>3*#?S M_VR26IQH==U-H\_N9M7XH+2!2[3=$5((J@OU*B):(?T=\+]&N=TOV#B;KU+@FRT0DY2W9DH]G! MW4D8DDJR9-T0ZQZ:JQR+1S0CFB5$<\6.F4M?7Q(#C;_S]#%T60>X M'74R9L$T>U4;*S3IZY(HZY@D0+&=^E%(1SU64OKE$_%BA>SQDBM !JLLO429 M$A(J,9EY20K[P#%9!&26LGMOHQ5MQM-_)8HWC];LL=&"_1+2Z8T%9QZ]-[H/ M??:S-YM1H62V;I)ZX=R+YPK]^J]>N/'B)X6_UQF]) X(OF? 9T@)OK]\YQB& M]KZ0?,>^T=\KW@H@D5"<"( J811> ^VNLO!#+YSY7J"LB)=LZ,\CY3-94(A2 M)*X95[RI7YL&0S/@C%X<^ S@"5P"4%Q%%+ASG_Z:!D^0QK#V8@:?G-WWT&M> M0N!SXU5<472GB71-]K&8Q?BX\(H7GE!>0:$?FI,%^^TEFM>7:/]$"2WU)(+O'5"WF5_O-\U MQ;;J.[>']?&;X^J:O\-RWQ:4>_DW_9F?M&JW#?)EI]UVT9W02WEL]DL>&T>_ MZ,D^RW.CCMN,2C^)"SUQ7MMUY[#V_Q>U,Q/E;L_0'.:VQV!29XSQ_!(FJ9]N(%SG!5D@_.)GJ*JM(EU-2Z_6VP8/AFBJ68E@3-+YPU,C*+M# MD5W-4DVCT0,G*+LHNRB[9Y#=B5HM:"'I[*'D7K+C[<-U/*H22>E+RMNE LR7 M\0I_7Y/PFH1S94$G[H@WV/'2/;ICJ[:)!Z_D4IA=!]7$40W;1% AJ!H$E:M: M>#Y:,DQU$4=ZSVN=8UQ_>\=M$"5DWI@-]](N4<=\&4=3QYI1Q9VI.@[2ZN(^ MN]]#A;=M4RNT4CD]A#?"6WIXFZIAHO+N.[K[%#NU1I7P.H38*1PU*D^:UGB2 M47/),@\D25=P&-";/_A)%#\I'K6PO?G*#_TDC<4A5D+Z&3,U;4<=VU6V :35 MH#U0E%T'E>6J3B5K%4&%H#I65U%IE4<\RFECRHDQ8S0>>*CS52Z .9'6FOP:I5Z0%3JN MK3A,JCCFT0;*:=91DAUC&7QI".2F(;1T374J'6ZJWG%IEY/AQC)0CCLNQZ:C MJ[I>WQE!.48Y1CF^Z*Z67:W6 XIQ?\2X6UL+]J#K/;R&XLBVWCYSA&_RVJ;Q M&Y#P:"L3_2$\^B/VHQB8Q_UH7J"8"3Q@)D\C917-27 ]]1+Z<1W%Z2(*_"A1 M'DG,&(L"+TG\A4]_7,312HE@VTBY6E-7WX\V2? $;#7T+OJ[EVSO5V91F&P" MQF\$R4_LMA_@=?[I">V-<<] W*1(ZF'"[#8@RAE#R@$*JA2 MVVA?E[+WEY2IY;Q6F^:&CV,8DU=9/J]2J37CG8=T64;V-BOQ.YV 9)&&&_H3-6W(+/4?6"JI0O4E ;(YN*.S/JX M5H"&;T[XNJ@PK@OR3"/\I+"&S3=LZ?+H$^>;69'I\=#XY<^ EHCE#KI/[_97 MTTV4 M$#H@GXD7I$_*ER6=H415?@EG*,PHS T*\VRGULO)XNR,1TXNSO2#W?XRQ;[F MD:-=GWJ?%:#]"3H0Q&KYC<;N+CO[=QEOI?F>7$^I-OQV[2WH(+SS@D?O*0%A M7,;/CM^%F"GO_J1K2;)[C.9UHUBX>L_Q1P+(Y]D)^\;)B 203%3L3(,/VU""!?4?5$VF, M=_\_>U_6W3:2K/E7<#QVCSP'8A$+-WNZSY&U]%7?*KO:=M^>^]0'!),BRB# MQB*9]]=/1&1BXR*1("@"8-:#2R2!7+]8,C*6^<+UEXP;%)D76FGVDS'SV-21 M91[/JMR49AJJ:93R):[G_DD'1$F[YT*[AJ;JHTISR$K:E;0K:?3Q?TFV8W__H''*5\\VL*K%0;8^ Q\Q[64_T]GJJ;LAB:?5BCTW'%*9,E44= M)::JQ)2JCMA>=0U?ME$IX'A^>%WWC#')"[Q79?P9H;A6" MM7/(:OZ^_=9'M@B8[61^)];X4,Z36NM\/S,K"-D>LR M)>MYI&3M==5^!FZ*=E# M3<$AV<.*:T5?[>N2.TCNT)9KE4>N"_>AYL7_ AVB>M^\84:L?(7/URH&Y# MDEJO9>8463;A"5@OS#Y8F*$_5=Z:G:$"[;OP64US4.>NB?"A@*$7NXTY.CZM9VBY, [&G]$[W>29E?2$Y7=>KV;GG_7/3^P3#=_\ M'1)8_J/SK;.:DA9SK2X6@?\36HT8M I[/2SLM>6EO6,C83R^C ++"Z?8Z0,V M3:L(3]O V2S,7,Z',%["ERQ)%7N-Z3:]Y?\.H9&(!7,V<5+LK(Q [Q@96!<6 M@-1RX7M_.H5VL5F1+]:R(X[;"9LO<&]#GJ_?2M;$]L,HW]UR0V=:?6&[W5$Q MM:G5&K1)NN$-H$W'O[XAPX&F@B*&*/+Q5CO)T(JS9(^6&UM9DN"%'R''@S4: MQR'L41@JA$V+9RF.9E:4!Y\R 47/\R-E$05P>H#'"VB4S- MOE@FF('KXO\%ZN&Q*:P$SZG.:7,=]=TNO5UC^!Q"C0<3'_^(CV<)PKXL&%(? M[,9O5O#@>.7&MU:7HR)FD8UN3J.K\];FQ!GP@M+-&*-.]X B'20KRG<^[/0/ MZ?S8NS,L3WC*&I8"=#$**6T[#IHR:2-7\=,''<[)8#NS[T2F[8Y2-TK^['N7 MV3 %$[[XU0]7\_YM&^KSI:B2D>;>+AQ5VYMN63??;+_DY'T8Y;(+#TN]I@I\A1NM4>]>L)I99O)2B)#TTZ C/KE,3U=?ML]UD)BI':Y M;FO&163&[+W6Z&AH^<9 MVGI8E>*QEH787,N<+@"Q:#E7M_EGM/;K!R[\]R M[R7[ES"0[/^L]WX;^Z\Z#J2V82#WN+# .DB&[IR)NA_P&\,L*:HIG_T6'3J M;+WU]/RL=7"'H79[,H%0TQFT)+%:DUB_7R;UG"0Q26*2Q'::45\=:*4"%"6) M21*3)+8CB?6D%),D)DGLF(KB0)[%)(E)$CL:B6E=U=3;H2G6M)AW^5 9C#NZ M<-&#E_MU.]F5RTLFQH:7.- UX/RR;$:]^'C#,25(1H)*@DHR*HFI^F+J0C-5 MO92!?'T?#IF0S%-YSBB4XE*"2K*V$JSM;%Q@[OR 07N*'0@4K MT2S1?%+N/.A6>M\I\2SQ?$+CJ*I+75BBLZ;H[ W*9$6H'S9+7GO7O<**5\AG M)5)Q\=OPVF1C;U_2]:/-NL+B*ZK6/4[ME4:F4']=8^%@W]DE+\2++=/ HJ1K M*?.R]WN+"!5CI/EX4;=J#)+^3T#_JM$M);@E^==4P92$>QZ$.U!-K93M65*N MI%Q)N:>CW(N1JFNE[)*[SGTO^^1I,5 7;R:IHS< +&?*,'KJJ'><\F=2TDM) M+PGW>)+>4/7>44[7+9'T&RK![=YNGYK]U[;_BMU55A5!65^*334,=)/S&+'= M.U\NP.84=^(916$$W1=X@:@ L?L2CL1%^5Y:&*HO>XVQQ)"NYGZ,I41R19?H MQ@*KR&EZQRR4'\-;#%'"+O=#Q.NYT;Y'OA+-G&!RB669EKS>%PM7JOF%6ZHY MC:@37M8)WEHP&^MKNC]W]2WOHZX4? MG5D"[N_&>BL(U M0T8P2&,VE29Z MYF5:5(7]M-DB4D#G1#9I/3!9NJ6.Q:#JP0WJL?7-* E<=%^EO!6N9Y9W@,[ M\^U_T;V]I=O_;OOV[V3]?645HC0(A*4FLGZ"NK!@7OA:@&_>35;]+ZK,KMKK M'^!,)F^0&W_8E&1UA-P5IJKW!I*LSIBLFDHYQR>.OFITRYR1)/S; /_J,BX/ M.^U)@/6N]*FAZ=FO;J=3[E=!)XK BK8<)]H:/JT;G3-(5;$)WS(90"O17&FF M"HGF1J'Y1=-OBQ?A;"=^&EY6IT78X,V\GU_=L1Q!O\^8PM84K(+S:\W\0Y6) M ^,-8$3DZHBC_$?G6T>9L@D++!?:LJ(X\H,EGXD_572MTWVG+ )G;@70M#*) MR>T7'V2JXOH 0_+CG8HTJQ&Z&*H*.@0[E@LO^--IR")EO*3> @; ">$=:-H& M&&/Q$->QQH[K1 X+%2L,?=N!MB?*DQ/-E-@+F.T_>#"'":WPF'ELZD2A*IIS MF1720"UEX4.?/KEAXF^/EAM;] 6,PW^R/)MM;!Z("!OG:6%];]5==-4;%"<; MI1L?XA"H/?*%9LJ$N0"& .>-7LU1X-CX:QCY]@_H#D;>47;!S9J79G)^7D7^ M^N7+SD[D51[EC]SC6O$?^G<6)(TLK =V.8;-_'%I36$1/ECND[4,T3%P%CR[ M?B]RC@I&7W2 +SHVMXHD\=:J+%W0F&%AKVY-V,&J/ \D*'B!K[2H:) MH0<@*#T/20I^HW'BF]_AH>M8M/TW?QPJ5W:D7"0_P8?W97VU*X'&%A<'/N,@ M67'X:E!RE)5(NDVN35\!-1X KZ0HVM1D^=#>P8NAO=+-7;JY-Z SZ>8NW=RE MF[MTK=+[_:R MWNVGN/]YYI6DU:,XQX>1$\5HXT,;IVU3-I/7\N3=MK[-<_%]$2KU]?W5NJ9J MZ*6H'MVW(B;'A5>JT_5/5!F835 MM>6G+6";C0>5KO:[98(*)*@DJ+8FUN\/RD1=24@UZ%AV?!@9G3*I,UJKK)V! M??_:]4,VJ4R/>^FVJ&&GFL$ ]+_NP64/]EB'VC+D-A_$SQ;>0U ;)+PEO-L) M[PM--;NO"N]Z:D*EZJ*WF![:9'>]T#J5WA+4%,'ET\D4MZU;N8-2=8XV2<"K M8DT>G1###RD\;S)W/">, AY8.V6KY41:8L$PS)$Z+*6,U%:G: &K;#RH3'54 M2@60H)*@VI9B5AU)/E4S2#401EJ+LOT=8FO=(^=??;6W&]30L$AC4LDQ9,&C M8[,J]+6&G4CTD=H=E3IU2Z-1C3AJ6^%I=-6!6:FODH2GA&>5-LM^N43K#;/H M2#RWUR;9*Z7:-@W![;=)?HG@AQK&C[Z"$JMJO5)Y?U^8;6UUA1:PT)9#TE"[ M9JE +@E)"PEI/9PLJ%0/[TA(<$B3["HK/4%,U[7!M M?)^)UU8I.E\;B*3CIM,QNAN/5K/*2SJ6="SIN$ETK*NF=D"%94G%;:#B9MU( M=#NEQ$ZS+B1><,+9IYS3P'SW3+!A?]\!\A?^M>V_XH@K*]N@K*_IIB(+NLDW M1T!BGXN<-]M7L%CE8@3=%RA#E*C8?0E'XG9X+RL4WC7M-<820[J:4T;(?/&9 MN3]A[N78"N$C5HB:^J[CA\H3"[#TC>U:8>A,G:3\CH^73,K% H[XCA^'[A*> MP;?@=RO,WL=B,V'L1K"$Y&!%K[W'[IS=/><[+Q''O0#SJHH MCZSB\#IF #-E[OSL*'=R"[/F/AS XU?IK@*>/]"/S_.I_P+3-X?[##]EY?R0Y))*;4:_HRGC!2\_9AB=(7W(U_D+%;96ZX67 MA<-7,"&\BN72%KQQ=\F+!R8L*"'S[8,(V-1E5&G-8Y'BQQ'J["&7=? 7=(B/ M+JPE23(QOX[RDF22)--VDMF@LY2F(K^0G&UGZNF/.D9*/?"A7P'U2&1+9%>( M;'LE8N MOV3<6,B\T$JSK(R9QZ:.K$=Y5G6Q-#CRZJ,RU0YJNG_2^U#2[KG0KFZJW4&E MSIB2=B7M2MI]!=H=J+HF*?=\*;=A/O^]VPZI@S5,,HP18DIB:EMN58,51^U*-G*>8*PB<#K=\J8 &L*NZ.G3J^M M:O=7YK$ (SU6?(0?MUQWM37QKSE4]7ZIL'H9-5\C3MI:>.JJKI5*/RGA*>%Y M='CVX;1L,6 ;.=S/'$FOLPE_^A+VKH MMO0*^H!J#DKA6V:C;H#P;R@DC5(NLA*2$I+'4@)ZAZ>[E("LC0I:3Y 9I9+; MM4^?W.^<4-^J.SR/ ML8JBY3K)Y'BE4#W20/UZ]EDM4FBYO7I>,&^E(>D\A/ M[&RIZX8ZZI4JHUMZ5:0_IF0/-06'9 \K!\NNJNFOJQ]([M L[M"LZQ*S5,6N M=MV6[).A?6/.M&-DI'XY^+:00V\EA5XQ?7 ND?-:1N49S(L%2FBY\#4+,1W= M6Z-C*# Z%WI4DP?R-R_X4,#0-9PRZH61;_]08@_'A*_K'2UYG08,O!/XEM>FM#$VEO*YGPRN^A7LT> M/NL^GU@:]MC&"=NZC1;F:8\<+\;]F#G3*$F)B.OEATZR7-LS/$(C?+%M/XR@ M#2N ES%G_%KZ]I.OZW;?M=1\4REQ -:A%7M&'<(3/P";$RNRLMYP93'3XT]H M(&+0 ,!27Z.A /8O=BB5/B%@_:W!2%-!KJO44[[UM1U()//JCJQG1GCS_(X= M1TDXSE(4?(3,%](_C$,8:A@I@'Q@B9X_1 MS(J4)Z9,0$GT_$A9Q$$8LXYR#PP(YA$1''>ABP'2A1OC[P'C&5^A?Z J6!J/ MAC?S75P8);)^LD(="B C(#Z>V74381A5\.N#=X%_Q,>S-%I?%@SY"$SJ-RMX M<+QRXULK4E$1:K+1S6ETFWA<70H/Y&05(*)T,\;PH/H1E/R]].MFMS,ZI/-C M[\Z@=',=90U+ ;K:A QS_E,F9&0Y2+U^^B#P W].8C'[3J23KATA?_:]RVR4 M]WSD%[_ZX6IRO&U#?;X24S+2W-N%XUU[ZR%Q$CM_]-O9?=>Q$;4,G[G%A@0'2M35TY4P8]_OPYPSK9FKZ1X]%,FMM MY7Y6]?64[*N#GBFSUIZM'Z2DW*92KJ'V![+*@Z3<%DNJIBZ3*DD: MDS1V-!K3U5&WTC11DL0DB4D2*X@QU31*Q=%*$I,D)DELEQF9JF&T0XK5M#YW M^0@ER_&4"Q?]C;D3NI-=$+UD$&UZ90+-5/5^&=/?^CX=,B%9FN"O50> MX+@:\O,J"]]7=D!]R=^K8;F2+C1UT"UU,W[H.C1?;6RSC?1]Z UE636*SGMB\Z&F5.@!)/4*B^91Z\_ ,2K))-)\)FONC2A6' MYJ"YY"5]W2N^>(5<82++&;^[KTUV^.;%/^RZ#/6-@[@8J;IVN+GGF;GO1?*G MQ4!=K@JW3VVP[\R2%^+%EFE@H=1GDM?V%A'J-K@R\:)NY20DPWA]AM%31[WC MU(9H9 !5"W182;AG0;@7AJKW2BGU4M)+4I>DWB!2-U6S>WBQ:BFCI8HNR;^! MY*^INBG)7\IM2;@-(]R>VB^73JB9A+NA+MWN;?>IZ7]M^Z_8767U)I3UR6VJ M#J&;G&.(W=OY:@$VJ+@;SXC]$71?H&Q16V/W)1R)B\N]#D.HC.PUQA)#NIK[ M,=9H28LSX3T%U<$S.^9JU3V\R,"?>N: UY>*>#DZVO+(5Z*9$TPNL>S>$@O M40JW8N6T<*5$E))63<,N,$^VBM71%LS&ZFONLO,2EI];G#P7.E8-I;OZEDSB M=;FN_3F\N/S?H2C!!_M7O*"B#:>8TA SC^8"2Y4G*T0<#+/"D?)6B'1=$ /V9)3'R52:W+TF_H[VK724C4;OH.Q99 M.Z3$7N[I-=;8SE)%6N_-=NG"^S!'I&=[?;:21, G,HS9G#6 MA7K.\[RZ<[+D%LRU[?,[:H!>G>9ZYI5O5(7]M-DB4D#G1#9I/;"&5,.I7V&E MTQ7?J@>KD+C8C(LR5GF)B^;73GBK7,\L[X&=^?8?&CK:U.U_MWW[=[()O[)^ M41H$PHP363]!EU@P+WPMP#?OMJK^EU&&J>J] ZZ1:W;9= 9\5I)5 \BJ/U!' MV@&7O)*L&D]63:6MJOV^F4^VG0,22PHBUGD+9&;NM&IU2ZHF9%;F_"M\Q#T#XTFWJG)]%\MFA^ MT5[)'!8J5ACZM@-M3Y0G)YHIL11TS9<)<6*8 QX#^PU'@V/AK&/GV#V@96NDH!Z[H8/\5-7H;5Q2[ MMF=6\,#(TSIS(&7PS-MAYG>MKBT2=LH\RR9O5'P9O_@.[5W9\-'+_*%T70P: M%R]@N$G5(ZS?-.\?1O-8B56%_6/5]HG]G0=+( MPGI@E^. 63\NK2DLP@?+?;*6(;I(SX)GU^\5MG3M[I[V; (2 <,P?.\#Z)HL MP(% XU>A#1 5K,B ?M!(GFL.[V=_JXFJ^@_7@Q.V!8A5-$MQJV*4:%BJ1B M"62JFU3>:F.T1J6;HP"KTF^_-;5NICX?$"AF%_!6?CS&L(KQ''_#RD<9=I1& M0)[]%/&MN(P.;*Y-!R%@FW2[SQEO[N "?_IQL![_ASLQAA,3CV:M773?+?<% MVR.R[R4I>8PM2D;9)+8$!_\#^(!N#CJ#&O$EW="RL%[)E^I# P4^-?5=T/M@ M9!\.R+&P.KG\Z$KF7!@(F^TQW\OVOU?JA8.. M#Y7)HA>MVQ(U[4!-DK)CQ01NV;"5F,, OD*,H.TV!Z+-5O$ZRUP)Z#,!]+6/ M:6(V775<^S/F*7^RYHN/RK>(L2!4_A[#T**E(@(@OC+^\2[V0'K"EQV%KA7Q M9F4*W0$1U!GB= $C<7X>.$]4/LPP$_/KMTW7>X^6&ZHR>/(9XMLN',:;I/.V8>8_XQ1I__N]*=K&(96?A@-(MWZ M$>KG0B8OKB/4VP[P>4/NL7.AU[=F1Z^14>O+(S=2.2JW&00H].4/$R=!QH^LRCU1*73E&Z@)854$FU]8R!M3VF M*0GKJ;.JL(,*?.8^^JME(!OMH\\SKJY[8P_*:8S2&_M53C'EZ?M \VXUWL\5 M&G@'PRR0L<8FWO(E3J0W=IVXD/3&/A9;.M ;NQ+OYPJ]L?5F7#V]/E^2WMCR M:":]L25JZHN:$SOU;9:L$GUG@KY*8P%$>AHJ8>B(9#$[9\>15LPS@MU7-HV] M"64O2F[&D=7-?'="*8/P?IF2$@0(F)TQU, ;]6H\@U]+S3VU8_"I+%&'>>16 M=M SNYU1G1V##SG?'6QXDJ[!JV^4D@Y0%"X>9'GG?NY<9(#:,Y%8Q>WSMUY:@/5U?8[@#XC_LCS MF9\3*O]:3 :\/S!%J8[A2C4/[4A@ M_&G,E)QF)0V&>\;L'Z52L:&0(>.$HJ M.CRQ5!:!_^A,X$P)NQUA1F6\>L4S 9XX'0^4,WPMLVK!'Y2=&?KH*/>>@HL2 MD0WMY;%!JVD"Z$7 L!=JW4%"\_#);/KPLQ^(8VOZ'AQ76;"K?TVCFA"_FOZ:4V=/8W3!;L9>\<,6F#5)Y%_GV MPID?X[F?D3D*-I[?TL.I?[%P:5EI (IG1;!EU#1>NN.!CBP#D1/%N4(AB0Z_ M>?!BC]&JA=>P?C#!4>6L%3CQ0W)LOP8O*;(0I*,L8SB::809X2J* F<<\4\:[0,S7A:N9O7QK!1[,)L0=4[[-$.3PWGY-JDHNS;I*':PW M6W@H6>W<.A?4P^Z*\RM^SF^$A[OK%K>BRS7*O?3IY_3GE4WAVK+6!02(:L0V M6KD6(?N0_+&&A$SE3NLZ:?J;[2HV[Z/?>Y=3R(N_:=M_&I5ZJ]Q/]>OKY0-+ M>TK,9F#27JH2QI$JIK)>.KO,8KQY057-IC+<=^[#SSRY1OLI2P2#BJ*-;* M< M3[M_&TRN9U\ 6=)N.VE7,]3AJ"]I5]*NI-V&T>Y(4T=&F:-Q3;=O&^F>U';T MS"M)JT=8BF^KWKZEXPW^;Q@OGO&_>.;^>+"(WOSE0D.;5;S8PE+3\Z3^PGFR M4H-F911TH6GJL'>(H2"#S2$3J@HV6^R+9V-W;R8*>VJOIY?8N=KJ4A)2IX;4 MA:&: [/5?*V>5KG3J M7FZ/8-T>O'PCX2I?S%0ZXJF&6(82MTZPMUVWS";:M MZ$2O:4TO XH Q:%XIW, MF*"WV9A@F&7,Z+5EU^?$E>L)J.&@S)VJ!)0$U%9SIWJ86Y2T"M3$5^?-7^ZV MYG^XH 00[T4]+W'"\%AT.K%O5"/V&Z8[:^JH6^GM7&TYNSS9-0^=%[JJ#U8# M/2O9[/H+"8GG]N&Y39:T,[168%:&?-*%D^DJ9IM-%,#TN]TR%KWV\/9S8N$U M!:&IZMTRFH<$H01A9;Z3:K=?QA)2?YV@Z8:-?6.._M#X-]I_6=%,U^J7.P*57I9X>UK7B*74*CI#LX8S9 X9& MF:4LN)(]2/8@V4.[V<-HH':-3>D"SHT[U"K#DS#M]1:5I%:O))5&NZ9]1E.5 M.]SVJ9[C#I^)(8D^%K/9W#AN3*F^Z5O,; H3MQX83] 6*GX5TM+3:UH"B]4XJ>:LO56\"\)?I?$?UFF3M)B7Z)_A:@7^N4 MRD98?Y7I#-*0M"YK6<-.(A?=CMZ3(1TGISYYL*YDG[L=K1W9)R0XVP=.X+7= M2DWFS>&U9QB>])H)UNJ)=X"[S%'94-9:3T25C]B4H)*@VLZF&I4T1YH/LC=: MG+&L8.<@9G%,EW9X)W98*VY%T*^E6TNU)Z;:<'V\SZ994ZE\HHV[Z/?V;&\[: M;=/V\0WW'1Y_X5_;_BN.F"?^M9GK"MC\^4WW#7V&I^SD\X9^OSMS%BJ?V9/R MU9];WD=E?7V*QXHG9Q+-/N@FYSD" #N?0F"/WSR_@EG_(^B^P!NZO,_=EW#$ M;1;:7L=YO$7<:XPEAO25+0(64N"7-8=S)/P_8"[Y3$>^$LV8,F&V[Q$E6)'C M>^A"':[&C#F>OE9;C IP-X8 JGTA#/2$^P^?A_S_C91L'&S2>8E.) Z?P:'^?J_SZBL#T?9#A&,8 M^K9#2'QRHAEA\=J?,4_YDS5??%2^18P%H?+W&,88+95[GG[\*[-<^'0'V%/Q MNXY"0B<$V$ZA7\ =8%7O:B-583\7S O9YI[8H^7&*> M9>%',#;'X*V"TF1\?Q M1=9/%HH7!A+FA\# 2U&I_[GCT(SS'H.T9 M DX"")H)^TGC,>A,W&LP&%A)TN>DK)^>(Y0O&16H#!O BW>,)O-QRQ0 M#$TE2"HSZY'SXS$#8@R8;841S_3OP?OSC(;XK"*TF#G^1!$SYT1EA?2( ]1B MT]OP8^S"$)Y(4$3*'.83 +U)"CB$ LS:4 R?\AZ4^XF *T M_2?.#F%[/VP25P44[*@*V] G"U8.>F9RV^P XKWHPR5]LXZ&#??7Z>;DW\?/ M^4%X0!666SA6:6)#*P/ORFAA.1\FLY%7*\-AW*8-] M*1]?X)_PZ0].!,W:R)Z(VOTX!+4HW,*I,J!I+]WX%4[WZ^?W2B_^!".I8E&* MV<[^&T1OJ-RNR=ZZ7;6=ZM[WI:R_QT#!^EJ4,Q0=#31XH#F9P7>/M9"@J1=H M#JDK+T%SIJ#99'EOC9?I^LG@\!,/VHD<;B:"PX_K6&.'3%:@_<"9V6/ MF_&$=&5'KT2:!WL0E5R54C=7!U2>V?E2JN1\VE3+NE9$7*<;9$E@IR.P"TTW M&N/O6W*.TMM7$F,CB'&HFD8[ OI/:V0KH:%6< :AY:)\3;PP$LN/L\&A(_8"9OL/'EV"D_1E'IL>GICT-&%PI8]XZK!: MM5(>\EK$HYN%95T=],KO&4)3U>&I5/74'2H MGS-X*S9$]"K"]TD,$7YDN>2V\*+M80]H5)6AK4D^OR]F**NQ4_"%KG;+%5(Z M>-9UYQ7G?'26%-]>BC=5O92+HJ1X2?&2XAM(\2.UVR]E,RP]Z=,:%;>D74U> M2CYO&)X(P2\._YE\6E6._\@]&JN%ANG?69 =01[8Y3A@UH]+:PJ+\,%RGZQE M"%W],@N>7;^UT>8AKPV?/;N4G Y]+"8Y^(HI3VW'==($D%FJO"]I E.1<1*# MIC;]_!MEW,+4=JNOJ,I5J%PEA2/P_=6W"D_LOK4OK\V&3>&UA@I6G(,*_DD4VY5>0XYY_PZ2TIZC!GL,T6E-$45Q[$W(MI MZUJ51:@J=,E\91(T94 C\Y5)T.P-FN;D*WN=L\TC\V(X@Z1GEF1Y#D3E_N?6 M,%X\HS \?5>GK$619>IDOS%(1:D=U>"@]F;IX\];5&;VF$.R/3 E!"<&3,7M=EO)['CEHQBSJ9#"1[ M.%_V8 R[JEDN>8)D#Y(]2/;0]VJ M+[/ER;!N)T-)9"M=GS M2E.-4L6CF^-U4 >C@71\>0&$9EO/EZ_='3FU,_]#0*27OTCK\R#[0.ES+;69.YXSF@<%B1\\A.9=[@)'=AM-K(89AE M;K2:0TGR=%E[" X'9:+[)00E!*N"H*:6RQ)6_UN/9OL"Y5U_9+S842\L6^SQ MK9L#M3^4'M\UXQ9U\DB0[.&,V8.AJ8-2&0XD>Y#L0;*'MK,'W5#[/1E.>F*C MI(PUD=%$+&L,)(C2B>MQ8U);_7&>*L#O%7-J-3M M1IZPZG;"DD1V8B(S!VJW5*912622R"21[49D/5,=E/*WJ!^1G:&'DHR[>A4J M&0Y[3;J*K\-!6GIW/#>U@5;F\" !)0&U-<-D&1E>?U$MHYO..;JI\N"FVG+0 M-A\ VXI.&:LD\5EG?%8@"H71B0! M)0&U/=U#N;"@]6TX9#ZUB#-NMH_()I<0&4]TU(NX%GL$:WU='73+9$1JFT=P MK;A&G6[:)7LX8_9@#M5^J<21DCU(]B#90]O90\]4^T8I)Z"6L0<93W1.TSZC MJ#!\5I?AZJME[3&J%-IU8MZ&GK?R:/8>:!Y MV*DTED"B6:+Y=&@VNYU2)O7FH_D,76[6-:K<=9QR(/#KB6_0/=J3:;<,4SXG MWEM;"+8GTZZ$8!,A6%+*-P>"),Q_B:RQR]+OZ=_<4)XYG0_W'0I_X5_;_BN. MD(:EV,QUQ7+]^4WW#7V&I^SD\X9^OSMS%BJ?V9/RU9];WD=E??6*"LR3,XEF M'W23;X/8XYWU'=C4-[NNV BZ+V"]R_OJ!$\.6268'"O GH2C?,9O,Q"Q1#4Q6]JPV4&:A28\8\)6"V M%49*Y,-?4Y?9$;U[[<]A&,O_C?J6OZ!F_2G]XL'V!NR1>3'#=_T'SZ&?+=L& M_9JTM3"RO(D53!3X^F^6%UO!4N']#CN;U+8"-4CT/8,^O7;H^\H$]@ I-:V)%X.0 O1IWQ M8OLAHB8,?=LAP#PYT4QPGQEPIC]9\\5'Y5O$6! J?X]AC-%2N2?'3.4KLUSX M= <04?&[CD)"/P1T3:%?\N!$AC-2%2:2PV_LB3U:;ISBTE(6?@1C?\)N'G? >>'\PMMZ"^:H('5,;O5D;+32Q\>%8<^>$K N<,UUJ$[$/RQYH9*..BZ9E$T]]LYYJ\C[[^+L=CB[]IS_S4+?=: M:SJKE;/,:YUQ->TE&W?!)6K=MZG20_ :+RAU6-O _/X;U/E0N5W3YTO9BE'4 MO^Y%>_EEH*<_.!$T:Z-2XZ <]N,0A&RX1;_9V?/B&-!87Z-RGG5'0Q+J12>S MB^VQ%J=B*!(TFT%S2)2;!,V9@F93383S=1(K'D,<<0QQ^3%$YI\^" LGO;+0 M!ZJIE4E)6+_D'K4BRCH%Y$@:.W498E7OG8'[3YGRL)(H)5&>A"A[:K_7CH2 M9^AA5Y]DU16%&M33G^5"[ZE:MSV.?;)^>1-1.%)UK4SZP=H>1"2D3@VI"U,U MNV6J7C:'KYV)K>K-7^Z$DX(=!P'S[*7"?MHSRWM@RL6#Y7CA>P7-5"P4.78] M%C6^M,5+-MF&!<=HZJB"A%-[+$-M)4.;3\/GBNX+7=4'I0)S#UV'^@LI20_G M1P\'Y+IO'+\_J6GF"/-\]AJPCCE'VY<<[&BSKBX*"L[KI6IMOI@!K):)OL[@ MM"\)]RP(UU#[P^-D]I2$*PE7$NX1#2BZ6<::V5#"/3 *>?#\<*X"QW+7'IG"WYXXL9I91KX\_5V*6KOB06,0O6R<;") MC"YM;30RWD],=[S26 L-)4_<"<:T!9>@7OASQZ,?X3D&;<^8.U'&2\!!$$$[ M:3]A/ Z=B6,%#@L[N=C$A"9VC,Q_Y$!="<\'W,+[\RQVE<\J4H 6'']2S %@ MA?2( ]1DB^#^,'9A"$]$09$RA_D@@]XE\O0O_]=2G,F?WX3]J[O^=>_3)]/L MWO:ZYO5P>#V\Z_8_Z:/;3]K5Z!:!:^TB1 JJ ,+O.%).#D$,(?EZ=4CK,0 [ M4VACXHCA/+;J]4#_SH+,]^J!78X#9OVXM*:P"!\L]\E:AHCF6?#L^KW"EM+' M8A#!-?$PDI=WP)@\&^/5KWUO0IDX5.57Y]\QL*%H27'HU]8"8^>4KRSTX\!F M83F :JD+FHA9-O1J$/LE#H!W@1AW%C!*?_P'L[&J(C!E$-C N>; 88G+6HHM MIA)&06Q',?Z.HCV,%PL_P.!_:"J-VZ?RC.S!P9:\2:$E9(W68A'XT"\\(_@S MZB1NMG218H'"$:$<[RAW<0 O!7-@]"JH$L";78<]BOZQ6^#2,P5/I*'R0)4B M45R0.B)T%= Z:$;8!+X&\YFP?\?8/0P-M1QJ1W!QD4' "GT/V/"2) SH-:2- M3&.:.J@]='Q[#^9!_Q,>ST,[/ M(+,Y>)4KDK2'0C4WX )T^]5!-Y'"TY02[802%0=4!1@B[!_'E8I GX-Z -_ M]L&'$'>(L(.;1G\ *)Q'R\5]%2%!WQ$(<; $S19ZHZU4U[5<:D ,ANLIG60Q MA=J"\ .5.K89UU[$PZYCC1V7FE6>9HX]HPJ$!15@GL2, M=!&@)]\3.LU%Y#\P)!25]"\WW_U[F$@^9#O[$Q4E5$B81@ MA 4&T2M7]O.J)5)=0MWI>2U00S?8*%X1 O2.SU 7A2_.3VG^;PDDEC96G ML>% -;NE4KO7EL9*17Z^Z%I[\(#Y1WP\\,'*B6 0/8%OPAQ-2I$(X\X/H,F+!7!5.YI="NN?N M -2<0W? K EW//<(K@A$Q\/ LF2DY'_M ^' %R,$!-7H[ST*PT09CF#SX'B MLC#L*-LG*8K),B"1!>-N\?@(;),#R\S+(K[5.]TNAJ_!9"P,K(!VWX[,3D^! MI74IE 7;AL=Z:X]IVB![:F$Y5&PV8"K&ORUX8(F[["C;_=-J M@OK=;JEK!_IMPR8 3IP =@ 0Z(1AS$,0,!"'WGE ">S-D\@7VP45U9DZ/.J MPBTI?H<0N50YS6Q":F!Y#QA209$WFHYOZ:: ;951!$?9].=O\&JWV6O)PW&3 MUP)&*E-< M' _F@/ZCR&5$1/;2=MF6H8L0,_@%@U-@^+ =C,TIZL/S/5C**/"!LU)F,A P M\'+]:>>YBYS:44YQL#F:"9+X]=RF*=;DT0&:X=& [%-E*M=X9,#\0> M"-XQ[OC5 5EY$_')CRXB('U4NCDUK[\ /$6%^#!'.[UN1WM'ZH4?Y9_(9D0: M# #37S#ODN$"D'@ $I[01^($JI+%G66-F_W.\/G&.\H_64+Y0$8!>W38$[Z! MD9C98R'J%A:&N3WX2!5C"Y0PI%?2[U'&X$:&.#$7E1Z';.^T7RH^S$@YP38M M6($P(2"M?P9]64+6R]$:LL; M\E&99>,Q$_7?\6PWGM#^!:AY(8TP+[1XN/@$V8DSCGGB")*=P:.# $#FLK"6 MG Z39!8= K5C_-*,Y#AD;O$QJMZ<]$#O,^^L-2\IK(4%3+]!L\NQND=_2ADG3^?P.3Q8W5F1].! W+6"L;9^? MW,OVS.]L]O(\ @[0J92,.HO 1\\.NM6_B$.Z=GR_T?!XZA09]72%JW<>&E-3 M3;.4"USMPA?/.Y5F;*IY0&L[ MU,A<:O,7U,B&QU4;/75DEC$/UY;5MX"C-QQ3%Y@:9U0FY'E]'^H0:50F+T5H0U73)$5( MBI 4P2FBWU5-_?"*X*TDB-;9,1S/Q@!8IEQ,&/\+#1C;BWRU4MT?J'J_S)%3 MVC%JP'[K":F+T1#.D'UIQY HK&U!"+5GE#%R-+GL0],M(+?3*;,I##ZIXIT6 M"<Z&I7J_2*MSWJ@\1S\_#<'Y32 M*&K':UMUSM^:]TQ5QNS!\3R\,J&L:91?Q/$G1[:(U1.[Y0NDO3#=VFH,9\5( M&XE);62H9KF:FA*4$I3'RC%KJ+IQC+($-9?W3;<>/*,(8':R'52 /7:WHES0 M-:T^>I0,T@VN+GM \>?2JU)/0^0Y'VLE>Y#LX9AG*\D=)'>0W*%UW*&J4V[S MV4.%I2Z2/(F8#+""$?^344Y4.^*)S'.9///.V!MS=SXYKDLY-ATO9IB &%.V M,LH(&P>83]JSG05F!(>/-B4[?_*#']B(;2TPF9IBCYP6%*^64W#C5?!8 JEO \^1YWC\/TP=;DCYB^QBS3 M26IAS_7;RS/*]J3XR-:B)EC"QC RYL&39U-'SY2\H+=R+*>C M_)X,<^N %ODGGA^/GBUCCC1$1,_&@)Y#&=B-?S&AKE2(L3E388&"0<]_CDZ;9 M W\-ITN%S1>NOV0\S3NN!@D;ZV:T/3/;."S-1 M^['G1(>N:;<"R:*B]O+$0*^!_^=3TH>X!#N4*#EL#J:1[=0!<]C$$]-!Y5P^)Q*F/CT9'SY9OA>6][1O91+<)WCQ;)\4"] SA&S'%4D<>>RJ46\I*C."XNVB<+-A/A6,SK#_(@W*SXK4G@?*?I6TX:9,-Q/IH$@'6:R>U<) MHVG][*5M(F98$Q&#DJ*?*^YW.,/'%D?Y0H!5LM^W0RU'RK7DA8-7.!Z/*I&, M-3\>]\T*C "U9O<[G8X+9>V*[#$]V%B/EN,B\5S"Z"Z)8^8/+538LY!&.[289W-YOFJ12%F5%, 5NCE) 4]M$C*TNA;)(* 3-UG">>Q&SB65NF$/ M,%(_B*8^M$1K6Q@W+!#L+Z_T192W2$>0DYQ["9!^3I?>4WZ LF/L*S[,?N[X MNB8]-"X^!C2_>DB045Z\5L;ND[485,;MJS1N\X_X>%:( 2%U+6RY7WDUMDIJ MAB922J_,QBW,U+1-@!@G0J)#>L%BF,CK$0G6!.9@VL&$T MT(P#_P<++B? #+"4H!52K4P;X)25J_V6*VH+L[A-Q-8UT(,3ADA'%]]NK]_7 MK!3C$Z.U8<@+<-98S6L>S_-+E"QC;JEPTKDBINXA:H11B8#%XE*PO'_Z7T-= M&WP,E7]X#E5O+-!##)2N]6SC4E.<.99[#5,A6L !W;O,K26'6%$O@4G/G+'# M^9,L859\8\U5#H-2'I- NLI?V?&I2#B![\%/0F> M\_P(2R6" (PX,@LJ6]**Y7*9F7"UFYB:X-8_?%$8BP&,6*8Q[3$OS(1:D>DU MT"/P'W6WZ"8_!,0LF^A\^S/X_\9\5=GI'5Y%A MCIO6C(_2]%).BEK)ZW/2O'9[ "LM@)#F10I@IFE2W5S2D_!:H9<''DX+6 4)@XKH?\)H M)L H[KCJ#I.[]KU)#&]=Q=',A_:7M8,JS.[$4,WCICQ4:P>;OQ&+RVF.5#L5 MT9+!XQNOHALJ5P_,XYKMWRSL"OD)B_QI1/P/VLF!L_"[@L MMGWO@;2*14GWO!9Z94<=^)5.N,&$FN1E7>%!.#A@ 5X$1C)^7L49VT]4Z@W8 M($58%!U6Z;A> ,?;TOMJ]KMJM]L]@(75C-Y@66<6GEDMY!A;CB79PN/^'7[' MDCMI'L/.>/WMGL "K]T'3CC+H][F6DMV2@-DN(XP6UD)X!!>MN"5 EUXG!)U MAW%Y[@/F HSK1N?_I JV#J.S 9P4_*3>\D9K:_KENOD/+1'DLC7&4LD!->>) M,V]$ZS-G+!(5XD&?=!8% !7.+%FA[;Q!Q<+##%M"!V0_G,2'NW,=VX)QD^@9 M-3.L?RLR76)VL,>)9>*3;P5D.[N!+;&!3X9TN,[V#6NB%RQV0!ZH($T8$ U* M8/CM:<9H"Z$/>!I()7F8VHJL'XS?;R6&2E':6X'=]?RY8Q,*4@I"XG((!]RB M(4R7\-@"R"I,S!Q8$YR7_U,4[&2-J3RDX=E1S'R?Y<]I,>?G$6%&^GR M!CV83&(!3:>O*@Z(#&^IHEX1"P#C*.-QZ$P<*TAT_S"V9P+:4XM65D&['<-> M7?8(*UPW!O'%4^[8.(@M6 Z]BP($_\V?YR;,=JV [*] ZP$@ "1F9H'U2# 7 M3*G",=.:T\;CF:_;,4880J:$,V@*32!.F+61\!58>K)P0D._60&LI*;S 6VR M%2=V\(CZLET_I%O/%%%I([K*Q2,V5'N.^;/^2 MWV H\0(_O^UE9F[%7W6U7Y MM?-[1[GXZ]??X5,-39*T$N@6AQ12U"I7KNI);[+37>TH7U 8)\M&>YZM$Y\O M:BW8 C/2:)1Y\4KK/,XN6@2.@M2@^M,66) QJ%QFV/DS',Y'?#[W,?8$W/ MNR(Q8%(6TO%BWW87XD> 8CKL4'Z9&+O\6O M:>!_Z6W=!HF"O*8NT"O+R/I5< #ZN%+0-).URI>\4@>8O4XVWUY+O;[KN/LO M<#*M)"=# $U]%[1=?L6'TB>,YWBU_3\L3#"2SJR@KM8'#!]*O,E7;(^3VSIJ M7XPM]PB+KL\#(WO@,U<5_SZYS?=-_09AFDGGS?,\+LS MA_WZS)Z4K_[<6@M:>W(FT0S^A'F($!\;=MU:A.Q#\L>:?'^3QOYGF1N&;[:G M!N!]&-J[C\E#J[\]\].@U%NR+]G7*?IZ.3'&$=.V;-?#RY@H6IF&7M);5EY"SAVPR&EJ<-2UG,)*0FI;0=,30)* JK* N']H024 M!)0$E 1430&EY;/\2$A)2!T^M:&J&XWB4F?B)DK96Y+\X\L#H?>2GW"EJ_4* M;'!T>#W&/1:AMMRSS1;JW;'=+.SV^Y6Z,TAL2FQ*;$ILMAZ;Z'[=E^B4Z*PI M.OO]2CV,)3HE.BM#IZYV!P.)3HG.6J*SK_:Z[4!G"6\7TZRM"6I;G/9^=A9C M\5.9^#$FU#LD1T$#74!W78;ZNH)J/=701\>8>S,]0EL@1"3EG@?E&NJ@7-R4 MI%Q)N9)R3TBYNFJ6,R5(RI64*RGWI)0[Z$MM65*NI-R&4:ZAZJ-2P&6O-B0A"L)5Q+NZ0BWWU7[PS.R3]'-T"]45RC]?E+/VG]9@MI?-R2H MW7^\55>*7,F?FU3T=)=41\T)J=2CYWLVUFQVJ9(3EK.[Q)JAR3M8H%,L#46UUB)FSSS?]1^65*%V017SZEZ],8U3_[(M3OWD MN[@IE%X)V")@(5;*8S^9'?/*V3ZO>X:U8:GXGA4PA3GD'5_<9!]+"J>?J%:W MI2R8A^4<>8T^44J4$IP,/H:%OA>!@^767*S&.G69+4KQ>1.L41OR N398 A M\/P/%BD3*[+6(9%P@M7E7D^P_>;Y[3@.4SIRC\8J:Z=_9T'2R,)Z8)?C@%D_ M+BG-^P?+?;*6(73URRQX=OUJ0F(\/./7S>$9)Z>NE>"1A#&&295- #%\P1F< M]3/WX!A(;&(R%-@*7 -K3B:^3 F M -):1"_P$+4\BOS5M,[HZ3@<>E6,^:!OB)XRS3PYYQY M^IOKM?+2HM88F%='^08,ZK,?,44S$]@5^$[&:G)5@5'U0%K ]N 78,Q8=1Q MB J4F]1CSC@;KFM),CM6F=XOT^GE)\M%;4WY-F.@1%T%()(>V %EQM=J\U;$ M$O[)X(1)99M%77$'I*.'DSU"?K=2:I>)WJULT'$;H)Z[:I+(YNR88A7 MMNW'),64WV$&*,A(%[I-.&)%$*Y(';S"*J*!'S_,>%%S.M<(^84;86736233 M@4UC(9[%<$N>9L#C O;H,"I0C>_ 60T0"AL'8(Y=H?_QHWE2<)O4P75EB9_% MX*0'2IA5K/'^$NM#(-I8.YVHCA_Q9%W,C"! S M\]!$,HD#7-3L'5IBDO @4*ZX9$LV'_; G!1*J[U/ M"N:G,0.5LJ/\9GD6%X[\*(,W3[34*$ZFD$Z#A'A&5[B\*'C)E(( !#4L"PB,0"FG1R4E?03$%VL;%?]W?OE?F M_H2Y"6@>?2*)]2>_P)/\46%M$//&(<&D??>1<1*+0^++";"Y! #%>QDZB<5! M-#I>IG^AT:&CW'O(,)'H."?%^8LW58!X2LO4C\L>B.J"V(Z$+. VDHATQQS- M31D,#6TPL/SC9>'@EG!YS\JWX3^!- QGSB);!WR0+G-";@817\] T4%R%<(R MZ9R;3A)Q(#J#^4UQ%MEN$9%G[_']ACVAR<[CD'[T2*[!N2K=V_SXQX"J,;XV MM_[ 4^$RF0,T$Y)P(@V20X#KF#!6;AJRT9[LD+XY86S.ST%CP5G(O+L49S=@ M<$&^Y8)Y.,\00]XO'KF$^6GGYI]K\PNTZ=#BP=9LF.PJ:@O;H=!@F+=Z8L>/ M0N\A^Q;\E;2'1)IBPW7FI *)9\+D>$.G633;@79(!_0?COWC$IDX=(@/P[P6 M_.:%(P>T *%# ),GVV!B,@"H![P#8?U+!B$$P5-!>I*@1;803+BH@A#1YQX"EF@Y@8(,G*EHW)[PO4H?4949 M(Y#NUD M/P0#$$HS8Y.750\@,.^2>O?T?YC^=()9O=U/E) MFT1FQMPX4D:.!^,YGAOQ4&/[8=11;K=26=;NIKU?6ZE4YN=7"V1I"!(X>D*+ MK-Z]['7?)0)07L\6KV=7$ZF\SO5L)7:Y-W\!E22U8*UH2JFRL8*85&=*]+?D M +E.<\BUA1[P/&-00&,@Q2EA+70?B4WET%L[T7^'HN&_4#342_*CLIQ7@_U- MFH 5! [G+#D)A]]W4/L,-7XY-!GO.'BO$1RQ86(\[_Q/A2O3VGRLR9A=9&FC>N ^CQFRV-F:VPL."K M2IDW*9K)K/S#,P>T8%"9T'$SYJ-++BSSUBX'F)IA; MS0_E2,K<1Q6X-^Q3X=!A"4_Z#K8*9D-'0_- M$3G3.QT+.;+*U*89P!':MX/D)?GQV;;:W(EX7S"A@ M)"-XTQ^)6,CJ= FD2S2?8CZGU5C XHRAZB$5./CZG\MBSQA.-R(4R]6E9ZM7X(+=5/+FI22S:.T;6>0F%0 M>""7.\$-R%:0;ZJCH(6$W-70O2!$_*5'IY!LT>*6)'7UPR0^JS?R3XQ;^V!2 M<1"DEZ,P_.*X+6ZPQSN^1"?+6;646QP>NMYA@Z!OZ@,&Y<D>_8*H MM;R+']W[$/6(>R+8GS_H7A46+4;?"&'LWN(XE$KWPJ6RY7EX6LZ6"P5ZUG#N MO@JWLW#/2ZRK>,^)(WM$0V_JYY.HGJFNM+-S WD1!$@?[I(LY*F;4>K>@[A2 MD7/ 'L5B3_RIFG=;%'A,KFO7KFJSF[>%N'2#68-$0YLN=]=*EX;V&\>>+,/* MO3-9:>%1H?.)I_XI*-\BU&ZD>Z1J?4Y]RJAM*$Z M"6TRD,"@OY*.*P:;/_@O^0UM)9>!Q^!,]UZZD>G^!J K,]#F ^%+AC!A_Z;S M)/<50-&9J?-B^S)'L_6U*N4UP4\BZ;ZG=TT6W:X050)+ZB@W^;$F_@C%+2-+ M$YL#[) NN L GPYG-8Z;D \.9,*!3#YP@G+@6^%$25Z\*YVN([!DS]"8N#0D MVEGK]9_I!EDYX8XRX G73>7V P^.:F$(_:GBHB"V67%'Q2KQ*W<^1T&#*%A< MYPF$YP'A6WTY;@\U8N.QGBKE-8C $;0QOM5:$DTWNF3@<+O@+LNE^'?0YKZUO(K(C M5*[A5)^>&[_["SCB#\QN:??3776G_?U1+ZZ^7>/0W@-+S;NA[IJH1.\_8&$;$L:>":Q'N M] +E.2B@Z"?W:#DN/SA^8K8EO!ZX@"$*%7:YT)\GOX2L2.'\T @#X IH!@/" M8-XYC!0DU#PQU&M%8=VVAOEU('T/E9X(^#1?H"V"4L^4(#? MFOHDF-.JEK&Z:&.&;X:YU:K;0>TKPWL+V-#[,(QA(?*NJH'O^;AC!US\;@P3 M.091H6L\JH%Q& H [SRSG*O>KNZ1,GYOY8)H-:E"B0LB2W$F?WX3:L/KN^&- M89@C\[8WTOO#6^U&ZQF&?JN9M^;H!M^Q=ECX9V&I=X\6O51T ;\'P/"0F\%5 M1_E[C(:OB,?((>.&+]SD\TTN,..*G"%_XS;YK^CB?Z 1YFC,:T#D)U>X)6M6 J\\7<*))E IQ#[1V MMU0V/.:U-N.J3F%B9#J:Y"_9@",?$*O5ZW0KB=7:Z/53?ES#444Q9"_[*Y4? MI#GJ#"L9Y+/>44B!Y<< __J/51:%K'3(:1^MB\Z!$VJ?"$6QX?Q]R=P:AC9-N#005XM1Z> MF?_:)L!T._T,,,_Z>Z6TM+^[UWK')^9T':56DG0+DB?B!SSI_\F:+SXJWR*& M=X37_F7FB:C\+KRW9\Y"57[M_-Y1M[WW[?[ZZK] &T65B-_W?F48P\CME!B- M\L*K?^76M5\=^W#U5_MF\ M^DM7-M.RJ!9E4T1R+%JV"=(S-?W!\SU6/? _[*%MKQ^VUW/09_:D?/5!-JR. M%L#RX'A\>%8<^??/D3*(9/ V3%XG,8(]<:Q&R#\D?:W!_D]:<22L$ M:?J;[25I>!^]_KN/R4.KOVG/_*27>ZTUG;U^W_1KCN<+8YTMWI ?67R^S"L?'XW"D#@=E\%A;UMX"#MYP3(V&ZK!7IN2AQ)3$ MU#8^U56'I4H#U5\\-MVHLNHJ@G/>L+3--6AOIIWK)GPW%#,KQ(([.KT-GRMP(-#?,N.[#&)00CY M1'!)W:DTJ@2^>,+:;5G-MLA79FR"]2PPD6/R'$6OQ!0\F!9/20)I;==!!SZ> MGPNW.Q1%!SS%>G@(V ,Z,GJ^J,22QI<<$ [1K<3/M9#/.\UIP1,2%5P3DT 9 M'J.392]*G!)YBK(LB)ZRR"?>C-6Y]QJ'A0@D"89SR=XH_:ZW"RIJ5(2I[CZP M5VL9^D3E"*JHJ'\L/?&1WM'>'< 8RG>L=8;E.SXL- ;Z/F#2:81"Z19XS3SF MH?/^9B#3OT.:)?PQ.&"#LK)?[E* YF#ZDI6SF?;GS(FDK5@3D9,DE!(%2CX M8\IFTOQF(26YIRS]*ZE]+/3Z1@I.H\R%Q_(_$2A+.N2IY,$5CL,<>AA_1W3XW MBAQ.L#_$SB2PGK*$PE/KD:H"%ZX%DIBC)1>9%.>+.S=EE&X)( 8KB%FQ,.U2 M[(GT_'RP% R+E;W\,"I.RW)#_Y"YU5U0H/Z1XH=YCT[@>S0Q1!!-?@'T17G) MXS"A?MK_!"]K$"%M#,.,LX@IKN>L0UYP1E)1^#[QQ%V8\6),^T=;+;(!B92% M&,R2;!*O9B1T(TPG)\*(,9U8%G8%9Y*GS6--Z!=61)G!5F#:"\8R@EDI$!EB M4BQL+9IA\B/06XA>?6]];IR3K2Y$KFN5 MK](@*B0KD14\L"A[BR#(!Q&P\3*_:5E?V[:P[J"MVVFG]*M]K3,XE5*CFQWS M@+ZW"(@)+P@%=("GEL"*DCHAF8SDI8B31%R9Q"SJ'B"9=@ABD-#%PG,%: M\5CC>%7\":[ 4PPH'I[]2#]82S&09MS997AIND NF1+"0VDR]5TB-I%D+"=R MN8:PF2NEQ"_64+2_$FM*@@[3\6""&\Y,90:4PAO&JB6U? :4J[O!S>=4;7?>OKJYO^]=#;3B\NS;7,Z"\_FHV+OW*L*/ M>!@3 ]Y8D57S#!_?TR*+67J2"2D"W/ST@*&WR#@6\=@%GI0K]C=U@CE->F/J M1Y?'["81];;-C4+\.#!A/RE_2QKC#8]E"ZSU.#>& ] 5SZ'Z58S04^Y\Z%3K M7OXG+V&,;=]3<\" -NX*)GE#!>+N4MN0;26EE)O;&W-XHXVN=$WK&9]&5U=7 MH^Z5-AQI>O_:,(:KE%)7<(XZRG66]09WY\8).6F[7MYY!9!FZN"*FI&/@<4O3\T]6ZW=WUE:+U;XV[T M:30R]-[H]J[7N[X=73<&*%> %)\R.W#6]3NF0IQ0SJAZ;_8_679NR.V=G9_, M(IO,A96A?L/?^(C6B]2?ZK.+'PY!,( MW/X42MT5C[_71H:I4AZJ.;=O7> +^:?>O\_R\T\8)L[@EG_FT31XZ8=H=Y&50PZ5;'B%,3E9H@PU37<)?^;*OO)#HT@BG4N#0H7'DF3.6Q2-V) M*;N@U1A3<8I[$IQY5I@RGP,4?[F>.6P*0X(ADJK\93IU;"QD(FI#\]\S1B=^ MYQN'-PN+ $_)E&F7\O#26L!Y' Z:(G$Q7L$$(NFHV* ,C&&'S_:*)]C8A$L5 MF13G-\H,.J 4,2D>:* \M_P$J[=[:5%WWW,QJ:D5^AZ9$; D=& EV59LF-AC M<@S&U@(VR:H$44X'6(_:6W&^'&=W,:M-5C4O2YP!C6!:N40#VI&IK/ 1)>4@ M6TCQ??,R9G243YD%&B@UE]>5D@UE64+(@.,#46 )0O60;>)B' _<7#6DCG?< MEL8M,+EJ8JFF9282? M/8 =>KP.5E;8+%/5LAH#'!6V*"*1JQ@?S4#I4^;P_BRY8FH2'D32?30;PU+P MRC86P0,% =8!"C, +-,$VO[Z\^I^*UI[[&25Z#.](CT6[@X<6#]>6V62.QKJ MSQ\XA88(ITY^HF*N[X#@YE_SG%/??5!BF/+KK[]O&-U627/@L(WG#BHC_<;4 M;JZN>MV;J]Y=UQSIP^'P=GC=&\")5KLU&G-0^=11OE BNONXZNHC=WO:W?!6-_5>KW?UZ0:HMGO3&]T"V?;N^C=K M\ZLK[6K=CG)#B2W] $X\:[H@5^"N_0 KJ41,^2OR/X\4FGH3^'?RZL@?TI/3 MX"29+B_KE,[83V:,!>G@12I2DAP39HQ21H0*"@^]^_&SCV6%6)[CT2\:+^,G MGN)<<7U1DT?%E=;O@?]SF9E$492@TX18\PEZ*M#U$*7L1 7-\>I^/MR^_%QW MSFI;?&,V7SV"8__">I\L2\%*\LRF)*L-4M_QL%Y2E#2J\/:XKI"NNC"/G-6J MTW'.GY -XI-(TH[61:RXQ*U#H%S986K)0>V)I5K0)Q_](N%#RBJ>(8U-S&(# M;? V?V,LHI]?K#44^_&HU&G\Q!__;3J&MHH^'P MJC&\6^OD> OZ]#(O;(+RM0I3U*U%Z:"MJ-H\48$3=2]0Y4#X-;U82_S'TR5, MWSL&L\[T)',XO+OKZ\,[S>CI(_W3W?6M9O8_70_@.-#7[AJ#1;V3V)N7RI()3 AU<'L#=A 8[?!>=A3-P#ECHEKO&\L>"07\6:!K:B*[N?",DWF'B9SW^$T M\!7Z38LW"LQ=+1:^XW$_:OCJ/C>*K]DH?N>CR#E=W#EH8CP&?,_9W&2N)O(K M;VZZN]/NC+OAL#^Z&?:Z0^VJVS>,@7$] JEDWG0K*B1V7'/3?VWG;I_,WJ=; M7;_Z-.SJO?[U8'37'^B?^L/^K=$;ZH/F<+<>GEAFSM@1WG@;',*4;_:,3= ? M018#.'XQ +ID>+86@+D]\[VQ_:>1L4]6?%C3QN<_N;#>[Q/ WH8I:W5/SU#! M'#>YK&[E2Q7T=Y]X57"= 1T*4 Z&Z!Z+5^=^_###BT6SLV'QVY:+;__\EDA6 M#9E7*=94P514RSV*?K'83+,=,X:@4H(FNG!CB)PK, M@]16Z7/B&4B.&]':D46X#3JY6F=)*-PFCWIH QKE%9\"%OD'D6C3A4/IW+1- MG[AQAG-.E/K=$N*4O3T[@HDB%X% 7H]T83OQ[9A_-W5<7C">):<6\J1T4M^A MA+&@GQ"YLD5^Z@@\M; 2FUO@*1A3YB(1&]8*7L>PH]ROY SPT M82Q@-!@LQ<.GL=$G*PBPM#458IY0-'\<"KX8OC1"\J:DUT+?Q>'DO-F% [M- M]T&PW\F<8=CL$6U@:=,442S:I#$E(=P3%MJ!,V8BI(F6GP=9HN_U%+/ )#ZH MY'^-OY" R,8%3:,3)TQ>[ L[N^V/ MC)'9UZ^O;WI7QM6-T= (R'487(;,OH1O,;/0!Q[;L916BJJL%(-R5HINB=I] MKU,T2?1"^[C6Q38%OJI"04*<[Z"^5]7CYQA]M,MH3G7;C3J5>:C=XFQ7/:L" MT@UI (LHER1OK]-7&^QR1FNK 8YT'__&7J\">8>#2 M+VSR8 6_@$)L_:+I0W.HZ;]@DZ->5],&7;/;U8;#P2_LIW&I=:*?42DK$68& M ,W[2@3>)\!5F M5@-J?1T+Z*GI3M-&AJ;C3?; Z!N]7R9 >'IG%LTKI[M/2]=Z"MLC06M/K/Q/K0=_Z]W^+Z)%4R.#%A!=W^AJO;+4^TTT4G )+8C+B_Y9 MB$-3BL-S%8?K:JAYJ1^JAG*//Z%A?L6U")6KU,)L :T]Y&6BJOR&QG&/NVRK MRE=_##NB_$='N&RKE'$T_XRBC49#Y8Z&HWP/XE#XN*^\6'SB4-VV^9)WK_LS M*7D;Y4V3L\XD*F="AKFL ;G$11?)HE3+@FPOU+J7/WYJN@&J-K 3HZQXYC>$ M>-^/-UEYTMV[J4W^8ZV2X%IW?[6Z_31\KB(<"- \5(;?SA>NOR2!G8GN,8N> M&$N$<#&LREHXD>7FPLY4-#5U-@KF_W/VPA@(=F^=6TKCLST'T\7@_^A/)N=8(T#A[.6I*.2KE:#6T7/JL MNA\M<]V:,2%4?X]AU%@\HAJ2;@[E[E5N7,K4]M$AWNMH??T7,AK]^](P-*V' M.NVA][%(@H%CI_E.E']X3OXR&] M5PEB*:3/6D@G'AK=WJ WU'_AI]S#U&RB>J#H8UNU>N;WDNG(Q/&^QKFO2EZLY M8GU_]ZAX'#H3QPH,3+8\%,1NRGKI4V;LO+XSWHN$140_O)M:94>>U[ MH4BREM1B4%;+,+P6>1K-)L_&RU_I2]UF^?L[UJVR1V=VE)4.__ M"F^NM+N[GJ;=Z%VSUQM=#Z_,WB=#OS*OC(&A#P=E1IFF;_'A/5AM"TNZ\R(M M/%6+E+W/1B*5T*';3ZHUI<@L-" ?.K>EU%O^P)D433"Z>O+:-RL86QX++[_\ M=(&R10E-O0M/O([T-AJN7#==>@/E2P^P]DKO9WC%>MG'^O.*TN;W6O"*IK $ M72H#YZ,,C+K]^A"X7EX9B //"6>G)_+&*P2Z5 BD0M 4?E%>(:@+OV@(6]"Z M4B=H:I;M[U09WG7])X268&H\YW4 MXE:2,MP*SXP:\<3*]QX2O/+_/GW]5;E@_R]B7NA@ZL*T8.'7M-KRKY;W$%L/ M[/T'Y<)Y+X;F47(E44 LR\J<9UU8\M!!!J/">R^_^&7!.#\*Z?F77\#U"=@, M1_[(*(O1G.&KCR^_2;4N*9%JKOI9*%9:$16_N"/ A+$Y)77\['NB,+6+JW*/ MF299&.%H=^C1"F?*'6R[R!9[\2CF]YDGL?;7&]B4#;]SJ@_*P8H/S .+(=9#1Y8_@DH;)W6D MJ:1K&-+)QL-4+?9,]-%%=:1KKN;Y7J=%B=UGL:NW$;M_CZT ^#W@;%W-_;MR MD4,5B8$4N=VN=@E'4*,/P$V4X7_SMH0^_+?88P4$#B4"#T2@T48$7L=!P(M4 M%O WA%/6CO C!DE,;YD4OJ43F/&B]B'Q]BS>S#;B[7@<+R]TN0V@)Q%X& )[ M;43@,W:E_>"WP?J4AU]W(.%W&/SZ;83?X0PP!> +*I_D?X<"<-!& !ZN\0GX M90H?AYOD=P?";7A&<*M>WNZ OWW6JK"E9B7UV=_\Y?_ R'D=3QN6B7DAC_-< MN);76;.GGGD=N%5?D$GI.G"&<6UJ@UO]YEHS>\/NS:)TW3;ZYN MWOREB77@"E<9:0VW*JF=/A9K(-U';"Z8?K^3H^1OO.K<>C'#G8;?WS#Z8Y3E M_.Q[+*6SPQ=#EFY<(=G5'('E27:'2)T&DNQK4.BW^[]^OOK^CZ^WWTH28U84 M]\C4^/M*1@)1%#MU(A!^7XE1$\EY8FO!4-/<7A94 MW_[3A]O7G6H5/R_YZUH!>_/(?MY]+ZFC) MBHH$-F5'\/WV]FN)E\405.6^;,>?2RR:Z+6'W^NM2+BMF]JV^9W! /PI^6'VI8+KUR)^:6L)"^O/OPB5)BU?[^6 M5J@^W7[]?J!&A3D^#U*GMLUJV[\-P=AK,A I">3\CB )S'VGMST(H!9*Z1%D MWFJB8[+W;@MU1[_P&R=@=N0'N\5?'&:?%>:[@H76Z%>CE9:6&G=L',16(!P$ M]"%>T.K=FAND;RU[EAB7?;Z;W,U_(K93Q.'-F%>P,^03Y3[-_)#E$H%9BP6S M K0G W-1,4 G].EGF)VJ6"Y\FEL_&+QN^UX8.5$--WT!2^7@X6XX.\ M!WC;]YBJH"7;#S":6(F"F-'+KO4TC5W%$HG38*5@]G:D\D@&^,E5%IA>C1X. MXS'OF8(7\;I]YLR3)F'$:#^G$<%;MH5V6C2ZJV@W9P1_WB=9UH4Q??^PB7PG M5I*R/ T5W.ZT)Z8DXK5#;IZ'M[ M'S\H$]^.>6.PQ!ZC[,E1$GM-S\'C"V#_ MV"0-PX9GX4$6AGBGR68AS2]:&9%2FB!:K*Z/[3HL)WICC#\)OL4 EB6T!]^FU]N&AST^>@$4XC\O0VK,G]S_]G[\N;VT;.O+\*RIO=]511GKX/S[NI:J ;&>UZ)*^D M22I_I2 2LIBA2"U!6G8^_=N-@X!$RI(HD +)GF0\Y@6@NY_?S+2$V.N2J$4YW&?%T9Y?=AGS; />3+L@_#C09H?Q&_H#SZ#?(W8SG;,H/(N M^2$OW>*Y"IEX*ZM\2U\2L\%%V5 #NFX#?1#^HZV0XO4G&3\42WGBYK77^ M>DZTX(5*S5LRK%+%:ZEF;#>9MM\#OP=;W(..>4?WPZC9[8RCCLC+?5=__/K> M@HOM>,/3I82:'9-J!R/.-V+NPB;1' MVI]?JE_J3B_5!VNV:=?\]]IVS;GY_.MK[9KU(T5_-7_ONN@[6$7)+[Q+]M&. MJ,+_/40FX;Q)^ \?X>9IF0Y<2Z^,U.^'0>$3)H]Y/[_? M[\%6]L#':S9@UWQ>]Z;FPJP1Z[EWQI\^K!\N^M4DDAW_=NI+9/S"#WCA^Q9T.1OVKY/I('!<87@S\64R.WN2/M+2 M=6=$1_58OP=^#PYE#WRD90/VC%GWIMJ:$Z\U9_2'X*]KFS.?/JF3XXX(S'U7 M>?SZ?+#EQ3M@!M8F&00.Y,/1*!D/=TVN'8Q [Y9%X^,M^^RN]DOU2]WII1YN MO"7[.8C75=?/U,G_O%ESL).3T[.N"Z*#53[\PKMD=.R(>AE/D_$?0309CSOC M-.\2'>_(*?JP1]?= AU5)_T>^#TXE#W8^[!']HJL*F-.U"O-BC5^7]S[+W]1 M9W]3GSHBO/9=_?#K\R&(EV=(I>DX"=27+\GT+AGMFH Y&,G:+=/"QQ_VV7WK ME^J7NM-+/>CXPQH91V7/J?-?7VLHK%UY\=OQQ:]=ET,'JWOXA7?)X-@5[3+) MKI/@_&8XN^ZH,-HW8=LM$^%P+8$N>%Q]6R._!WX/?'NKG2VZ6'_&XL7%K^9O MK[5C7C./1.E/9IU<*J_S^/7MA 6RZX[OWY+9[#J]"QS*9\E@E';>!=XE,M_U MTR]&DL3#<3+N#Y/18B1)8PK)TH=^"HF/D71/&/BE^J6^O=6R5'O2V2L\C&B)$;^W<]YOD-\EO4JO*QL^SY'*4 M+M[/_\S_N)S^W'B]@IOVT_$LG3Y8RV@X3H\6"P#_WL8"RD=I/O^&[TC(@^W* M_[R>5A>Y3;ZD1Y?3-/GC*+FRF_ Q&=TEWS-[JY^OI^7^)<%P\%_O,A0A0XV. M=!P"&D(A:,R-, (3+D4(B?M-\HR-W][&+A[=,!E!^[P4&$@9H(H)+I1=2(28 M,E(_?/1''[6)$6:)>IF(7KV8_.5=<<_+R6B0Q\7"3R8XC8/H].3"G%R#*]24;WE@A!P4=S]A7TT]&H_/2_WH%W^6O[F/WJ]8I57@QOTBPX2>^" ML\E-LF0(W T'LVO[5[N.4EA803!*;K/T8_67I2U^M]#U[%?<+OW7._3N<4VP MN(4D__[+NR6Q57S&ZH^Z&2Q;/N+D)1057$_3J_]Z]V\9,!IP2D/.#*<:12$A M.%1:ABB4)B)JO:C;V++I&TM/__%O D'^2Q:3Z2R8C(-CA^*Q-5PB^[/I M9!0X(=R(PQ3?M$M?D'OR,@6C8\&831U+?(0>;LV;^C#:6CD"S$@A) &,4ZR$ M)2 3A0(B"B62RJQ7^590WY6EOD%ZF^:\SE+:EV%FB3$=!)_GEZ-AOVE+Q\/I MS9H4N%.$]O1VQT=X;4+;299((564ML/%OGTKL='$.PEC[00M.:8 MP,;N 86Q#%4LHAAH1!"-N4#K$-S)9&;9X&P2W*.\V@*I:? 0N-S3.VR):[67 MY9'@S5O$# XY7&3/I[5XT3,\H0_B1=O?SI<'J[830(E.?S4G1;CS/Y*;VU^" M\PMCSLY[P?%)]"%X/DELYVE_4R?J+WF4I]0 SX,S\_GT["(X/;%/?&'.3M2G M/'AU=OHI./VK.0OJ"%'QS>.3O[Q@6??")VA%B*@9@L&@G>CSQ74:W"P\\84! M9HVO>ZVO%Q- IPU>3:6"57\OT MAMFU4X>=LGR3#,I#^W]P*#ZMCE_[]?M._?[40,=/*O_\AN*AON @4 M+/T\^YY9D>2>9Y!F=L.LO++RZW8Z^3HWCI9;7_K;OC[>+C0&7-]4=U8*N@G'P(U&CVVB?:DQQ.[#3/[:7 ] MN0ON4OOE:EM[P77RU9V?I2>W1Z/AS7!6^(?RH[)"T'Z-77/,,G2ZK+V M$O:*-\/R;"[3P.J9=DN=F=^W5%L=UF1L5[+RQ/(]\&1B?)/7'D!*\AQ:0X_YH;L\JN+5Z6W]H_U)LPJ2?#N93I]5= M)W:3K%:6.!HI() C-!WG>VR)Q-*YI;KBJSU'2HW#L&>8#$<]1VGV4&;IJ#"( MKY+A-#^UJU%^-O:\LJ2?4T7^^6!HF40V+-ZPM[!GFLZR7X+WZ*?JW+-'4.J> M]_[UIFGYB):0DBP8I_TTRY+I]QSQCL)F#Y&V;7SU2LC;1[=/F@YO9\4VI-]< M5&DXRT_"K>,R=?>Z22JR7_5,XFMUA_%-% M C_8Y9JEV9VSR"TV;AK,AC?NB!UR^]5FSL?5([G][__??%@<;"^86[#;'S4. M^\'C+(BZ./]BA^R6CP8%5TDW]'.GHUB:=?G/TR_)N(DG]^4+"XN!U?F+7V69HUT+QC6?OWCI MOO[1"D?+B.V*'F8T'+DWODP+TWJ:W*1WD^D?EB$"B']ZQ;:%B=L9]_2S^YLV MF4^;U'9IU1:+](K+[QR!]%Z)"$M2M?IQ66U:H;!4-+63'&78R%V8UKD+MT7N M0D/"70VG-P4'3N:#7(ZY'75?R"_HOO*D_\>R;7M'*T:<*+"RR\(M*W2M&TND=R>YLF3O85][J:C$:3NUR866I?]Q 167&(;3@C?EB;\.++ MO6!UWKNT(>\2:B\;^>FTIAWT+CWPYD*\M93=RF$3!\S897WS=R/*>WPW&AA16<>Z6(<>M\>3KHFRSQQ>SG(?D\J3BP M=A2'OZ6EP?68Y.\W)7]V+^98R^-^E8GV(Z++SR^;7V;#P3"9.H]$[D)\5PK_ M=S^5NF>E'P:5:IC_T/Y%]"H_6_XP/WBRR2)5J1?T[Z61#/,T$OMN'>+/5H3X MTSK$/ZU#_./[(?YA%>(OK/R^"\&Z\J"L<'\F_>M*OYE=3ZWU\3W734J/@7W" MX600./UL\,B2FXL=YY&X]RZCO5"?"B=+.IT63K0DR[_NGA^!7U99Q?E'\)>? M/@3VS)-1-ED^^->:E4O+Z+5H-JUKD[S[\T*I7YB("]=TX<'9H'$7' 6;,.\J M5;LM"_=]='I^^M,Z&O*V&=;Q.#=@)X7 *#C"/4ZPTL5W#RJ7EHPK=W#IL,R] MF\EH5+N=2N]R5MRAON@C#JUG\*X:TME\5/ I9YK7O"K_AGNK34Z2K\QND+W0 MC6-IK8WTD:)PN?JI+L/B_D[&SJX,% M/=S#Z6"24W:LSL/F[EC:'@\2%^WX_=8Q$O=3=@10+_B46G+*G%.[CO19HLDI MU]TNN;V=3BQ$VZ.+36K:89(-"[92Z=S=)X3JGS.6;>X2R1JO" M?;/OB;UWYJBZM)K?WQ-O/P7O/T?J-"RB946,T5H#TT6PNNE7?1B(;G*:%2&\ M7)9^./\07%FC8NHV,NW/+WW*-;C#ONT.IR>"Q#F^LWK3*"DS ]*ITXZ*C2]N98]R*ZFA5:^T'G2A62;5,Q?[_:FJ?I& SU5?649'N MDJRA@#VJ?^V"XG]:$T)YSH\$\TOV69YJH>/660^3DET7@GR8_9$]>CH_NL^S M3N[11RA8[Z#@&(Y*\P?Y$)S/K:;?^.IB,>DWNSOC7#XX2 -WBZR+_FB2E==\=%&%7"@W.7<1U _P-1G-D]GBXBL-B#P6FWMY M+"4,KRP#LYMHGW1XD]L->7;#Y?>&Z,[#C7E6D?WO@ULXFG;$VLS;^=&)-![^ M11*W7F.!^")/*YB/G3_(,0_WQLM$>$%A"VW1GFT97JOI["Y-_LB5@_3;<.%! M&2L8J) \%1 M&>=:6'C/B_P5WAZK0-R[[63ZT*MW[^.2>(M;]1?!U84ZX'2N(C)?>!0*[2$K MF=G"U"Z,OFE:*&+5;Q MV2<7T@MFR1_IV&EP27!W/1FEI5.K\.C:^_2<2Z#Q;*6"O_KAK"5/W<&9>U57WED$_N40VOT#F?5"7>21]Q+.UC!-7X?.^7YRSB7ND7O ME. B^1:$EG=?.=ER9*W-*^>\G!31-4B>39RM)<6U&^=ZD(FQDF\&.LTL:=S> MZYK561ZZ,@SZ@H/J/1XB;P8JKI-!\">(/DBK%HQ&)7/X,IU8&3]ODM',TL]E M23^[X#%NA T7-O"C"W);5;D4AJMM_Y71XF@RR#V=.5.]L%RH'W ">@W,N;PM M=1ZYM\N8TL 1?E9&U9HWO7.9<^YA*M:]T(-R_EEDCBR"C/=TLW%JQ6B>Y5&\ M5>E]P\D\^%([BZ\6-'T=R17')E:7EUY^6N M/ .Y8Z)P#5A[?9K'Z L%MWHQ')?9?OG%@^F'(MQGG[ MDCQU,L?3/>I:A+N+R.="1REUF?R*582T&0AU. UN'%7.YH.:+:&^@&[/15T:1)H3>AXGZ%?.-_OIPHXM#)R@ ML;DEMIVN>S.9.MS_X6QEJR,68%W8-8MKW%EN["Z266Y1Q._FM_;M(A:4%#9T MX2ET6UKC<6&]55G,*(>'.Y OQ>Z6'E@'[%(I*MSN5:99VK\>YV?O[(+:)WUF"UIG!SE]S*QFFAXI=4F>NU#4Y1*MDN+--]U>_=GW^U M]E-.W2OUG;]9&*O!8)I6.H3[:OZ-M9>VJAQJHP'?IOU>D72I MUG;"\)ZO:C#-6=#0J^R<]NT75;'+[ M,E?SO=Y+1!1W??$IY6GE[$6C/>R3/N45WX"/]6]I'E]]K*QZX9HJC/8",L]) M$L@I,FXWH<5NW.O+92GL7VAL5XC+VE^6[41?US"]"H6EE;)X3D#*X3[ MC95GENO54BX/TO6_/X?7%?']5;DDERYU*2V<+X5G.>>G'[M&I/:0WH)*(4"O M(%,(7TRF]^Y.R5(_NY<2;E,6'U77>[GT=7IUECCMNTHT&H[S;+%'BH6:&F#- M!QN4>5\)?$CV592I61;N DXWM_5O&K;&/8V^; (QL5KBUW0TN;U7.?4$4!9Y M4I??%T_8.7[MH?"64##W2=6JC=:JN"OK;1\W8:[R($.3KCU=>;IJLMC+TJQ? MQ4Y+[<$IEH-)?WZS2(&\G\%:6^F.]G)+O?#3.1_#4>%C.'(^AB,G[1O:1=&1 MKZ%@N,JRS)7!KN+/#[PREK?:S]V/*K?,<'7>?_.&5=>WE1W8/!8.&POW>>QR M^^N$3CQC-H3YTKBK)+^'Y?ZN665IT9GLT6% MT")%?W)95V(4:=6)4Q$6"J]S=SU)?#[]\*B%L9^[D'[X]J,A_1,L^;_S?F#; M:!#V<_9SV7UYZ4]M/IT>7UR81G?FXJ\7I[]'OYK@TZ?/;[K#3L#]?3+]HQ=4 M?UNOJ_=V>JV]R2-5G7>R=/JUB&.O]*J4T:YLZ,0' @ OQZ0.71C0UKJN/6.4 MWWHSH+O05E^=Z.#\]_#\6!^KLV/3SL3BC:[FY/STT[%6%T8W!BV['FYU>WW[ M)7U\<7QZTK6A >]SBW@RSZPQ[;S\WURE29!=N^P5:W@D/[WI [< U,:W#V1$ MM*CLKT='1'/Z^(AH^(./P'H_V^3-WG0FDJMHBY:S+E/V:C)8K M^P#^]8B'K//=C3*C7=V9FUL9'SLU[G_)NV ^'A9OS;/!.U;\H:B!^*]WPV_65IO?#":S\IOO_@P![&&*_M_/]]=7 M"^$7']K&*6F5&_Y =%@/^V[!GI %[&.-8TH1C5FH=102 Q0I8$_M_R/:%NQ% M*["7J,I:'WMED:NJG4C>R>NKBV.]$G6["RX):G I$ZJ88,:% MBBDPT!B@2W"%2 +Y$%S5/IXMMO$DG6U,Q%'9LR;M/BBV!V#.'@)RH%P@!\8\ MYMA:B HH%D,8$E6*)8A(&*)UD=..@**@A\5>(&<_34(]3XL.%9?3R1\N&_[] MGV"/$UR:A; '!?=681=9 *FM0H;",&0&*6L>ZCAF3%)1L "DF*+B(0NHH9_% M]NS#XNAU:O$\S9S[:)0F;BS8O:E@F[,?';WMM0;KK<<#Q2BK%5RH.(=, *.! MBDPH0,1H*:85%GK)>FP+H^V(<4AZB("]!NE>F9F?IZY953F8U,5];Q=-F- O MXW1VN)ISPZ&CL*((Q$09CCGB+)8&E9!DG +\$)+5IGX>)>.9A:"I]G63IB=$ M/2+8/BC0WO3<"P#)VO3D1%$*(>:,1UB1D$E=>41%& K^2@"U)KH@V L == " MW<#J3Q=3BT:N2U^0W_IHZ;N4!K39[MI;(I:WAJ!#G@@%" M=4@D!YJ4^:'(BK^0/81GM>,7R;<%/D\FXW(2Q\9$'.\!V28NNZ=L>M/O0-$( M(:OC\HQS)"B)&,= :(5ER!=J)R/PU6AL1TSR'@+[[8AY.].O#8=HT?ZO&&SJ MTG, @45Z#NHQ0/8@.V<#K1&ZP@V:CB#,!3:0(4J)D*%B3,>E;(84P"75.3_W M@@]L4!"35@NVGCK*SLKC@Q*[>XPW6NO"E,=860O5&$%CH021M#)5(T:BZ&5X M:ZE"THK:5KVL7<5;FP8K[:[%>C&9N9EW/XA*ON#XL#V^P63NW+BO@>+;J5_K ME&4_N05/TL@.<"6!:YO JOX4Q4@:%/R& ZHX3)E9(ADPIR)ABVE#!2JT)<,[,L_E36W%I M:^_B ^=/G6JQ63H$Z&TKLSM;:4:V7\L^H*4>X@D_&\Q[V'CRT[$*CS\=7QR; M\Z++^,5I]#^_GG[2YNR\[&0?F/_]_?CB[[X]H6].Z4^_.W&,#6@[GX;)Y="- MF4^S52-ENR8>]EWJ=P6\N[[65E-U1&?1J_K]Z3QUYWISFXZSO/YT2Y2]8PZ$ MW?L)\&5VF:!;?)]X-NP@QI$ICB(W%"] Q6Z!0"KJ4,A%-;FZ&6>9:CWPN]O%B4G0J>:MF0KR'89L) M%IT5[7L@P0\"7;*1 "A5&')#*"9 Q#3FVH15 UEJ=>=-HJL=V2=Z1/K^[KMC MI#_LI3"JU22?NK^$50)KK&()J06I,3)6A K&$;6X50H; S6+PQ]7;5?JZ/<^:JH-/X]2 M$%#&*#2&6?P+ \-%B#2$>&E(5PG\[*U]IY;.]EII]6;D@8*3PEJGQ2K4% L, M8BIH!&*.PGC1]!GAI4#CZ\'9DE'9L_;N7L/S#6W*-ERM>9>&AH,U%]E)F265 M?G-)4JF3YER04IH3L >R?']KR2FN Z,$8!$" 9E&6A&L8[;HJP0EE$M5FSDU M-)(2-M?>(\]U++YC5R(P%BI"%B,@Q#980)85E% M#!ACBCQ$[G9$)6T[+K/N*7=6B'H3^%#!VV@BRA'1$:2:RY @@XA E)1B%UK+ M^87@;6N*"^FA5D?P[AYX]ZKZ+T]N*Z:CY^:PHQO[".FX[VSG]^=I&IQ,9FD M\4^=*"@KR<7]YBW4L^=@F#7REZ3&)F22A[%$2%C+E9LJ=*M"#98PW#@.Y]IJ M'L;S!/*W;/AQ/!S9U4_GZ0+4X &H)_FEQC.[HL>0[,T_3]$+BF[D_T" $8LY M59)%3"+($%-5]FP8:_HZBEXAI39-T8?1T_TL':3IC7.A!W9OW&9-)Z.12TD= MNC83:?;Z<5X'J*ZQ1I8.$RPD(8B!C@GF4!,J0*6N12)>ZMA4G\C)O0,Y+L_# M3>6;?8^2Z?2[?5?=N&GQ&S/**.X1N$W_9??4.F^3>9"O!GDSHP@P0R4&5$,$ M0BCCF%>S:HDQ>FFP0TL@;\EXB[SV!:4@5XPQ"6FAJM)<$FQD0I&K&X=,^" M4(=FJ32M.-^<9?_5'>GF='G$]SI!R2OJAXH^VICI)!E$L<9&4!UAH2F#57*O M@2!:JHEY!OI:2A!LM>]!]]"W7R5GRM[1'5$RLK)V.#@:CH-^J/4!(LC4ZK]_.SW<[C<51LYL9D'<.LQUL=F-U9 ML79(TFN7T2/K)GT82RP4!5"'%BX$RECRJ@(%K1!2ST=/.[** =1#K::M=EPL M[;R1J/K]^Y"C>]T^ 4, :A(ASP;A1$H5*VZ\X@ZT28930 MI88%9^DL&8[3@4FF8[N\K+'ENMCQUTFSS.Z'?>_'5=4$]0C;2IW),A&_YIS; MHO-'DDV\W7>8<,8UG 4%-+1O$$%I&.,(25B-$Y2"\B6WRUIP?H%X?1:<@>B1 M[;0BV1TX[YDAV1#,D[P&S77DGJ;7Z3@;?DV#8=';Y/UHDF4_]8)Q.@LF5Z[5 MR1YKRD_"NN'/040J%JJ(&BA#*4*+YRK954LJEEHU-/8[+S>)FKM=-)+Y9+?Z M))V=7ETDWS8OLED/HS;KMG<'R-YPW1,X-OP^&."0$:9X9.&($%1$59:K,F&T M)&5?#\>612ZW<&RSN\KNP/% +.%/:99]#"ZF:9+-I]^KL&DRLY25S7H!M>P*!(AS: Q3TD*"+T.GVPJ#[F#'U)"MIE+%(PU!, .!"@]A*=6UDU80ICJ%9 MJMFNCG0+D5+(B261;1:0[H'>[LUPC_K5J)>-_BX<0 T4QQ1)HZTH5A2;LE.# MU2;@?9H^J3O"_$HQK%H%*A&,.*0 M(\P0#B&@,#)5#@958,FSWDQ7+1*?-]>6%.(>!VT: )UM#>'-[\, 7J/4"&!) M"8FT8# 2$AHF!:Z&PT.LEIJG/0MX[0A7^[@]1EIM8-A5X!UJ3Y9B>-,+9><+ MCAC;(QY,YJY4\36XW;$YS_]L/,X/FK2R MESY.\8-_//;/_2?,'ROHIZ-12?IY7POWVGZK7[U><=^+X8W5PT[2N^!L^>NV/2WOX>TP/%/9^_A3)?0-$9]]D4 MZE3M=SF,KR:3V=BU+'(8OK"4=IZ.TISRCS FF/ (,0B0"8G2."ZCFA)K:C$. MC#9/KE9\L^\,]3 M^_'/U7??!=]N1A]'B3OA='ST^_F+MG>-W519ELYRQ;U2Y+\'25YMG@7#L:LS M3,>SZ]2U1IZFMU/[E_$LL&\$R9HPJZ%0*W MBKRM>[5%Q,X^4C%;-@?4;!)\3:;#_.]5=Y/ +JBP7BRWS0W(8DW?\U6Z<'4R M_OXAL PWG;H+Y$VOB&.OP=5\FB?T#(99?Y[/@?SP@#(;5+>*[7B8_P#F:!V8 M;Q0KD;UE8D%1X>,Z^9H&EVDZMM#H)Y:4+'E,TRO'5)K$\Y\6&(/);:X^N-0N M^\G8GIR;^&@WR;4@=Y=S?\UFEFZ3Z2"PW_SO9#Q/IM^#$@D/*# +4$[CD#U" MB=6=ZF>PSVA)??2]>)ATT+SQ[70RMG^W$%ST>\L'4F;W(]X/R7N)H#>Z_2LD M^2'?KZDD8P?LAO+D3CJ=OEY]*EZZKW]T]2;#OKV&Z_PWSDG0TN(]GGDU'%LY M,,P#*/:-G):6UE,M\^'ZEI_^V7!N4S?<\!WC(_8 0_F?U]/J*K?)E_3H,8246183& .*9& >)^ MDSQCYY?6N2E"NBON<6F-',=-3W\U)X6X_X_DYO:7X/S"F+/S7G!\$GT(U(D. MSG\/SX_UL3H[-N?KX8)M$!8/5W-R?OKI6*L+8Q_\PO[G-W-R<1ZFW?GH["VZM(,FSH0(+Z^2G-WWH%C#: M^/:27I(_\7 \L$^;OVY>;NP,Z-$]#/U[0Q&\_QG\P4=@O9_MSUI7W,+@* M89>BJTNL1;QT[6(U-_Q[FDRSP%AN,+B7 [I6A&^#9/"XDVRMG6BIF=0F:&!Y M)];KB;LQDFGZ* XT\\+3Q6JZ$"_W73URL?4GB5$W2:PXQ2?FB7ER/7!RY9TC MUZ#P *XFV4/IS?TU'<_3U_;L/-P@_!XOW)^^/_U#/OW]ZA)P//Z:9ODPC" 9 M?!UFD^GW8C[MX&8X'F:S:3Z].+A*'YM\U[H"U\F4HEU(#")PZFF=VC>GT>-P?S=VJ M7>C>_G^P7#:MBR3'OU_H?V33V3\^3R>#>7]V.CU/IU^'_51]&V;_*._VCYKR MU,!]^%ON]VAC6CT7/?W2.?U!<=[0E$0UC2D,.*&$1X@;CJF*2 M<(TVPS_$F_,/(GN" \\_//_P_./%_(/7%14ZTD0B 9AF'%..,6$5_R 8L16C M:=K@'_SM^0?I2; 7_.- .K=H9^BX9$U'SWDM64$O/S![]KO]X1,8%XUQHLBJ M!U1@Q#4'@FBA9-DE#6$1DJ7"S^W:&'&5&%9^V![&00^0_6ZK[[UT"V*<$]O#V\NP)OU!@> M24(0(85#SB*F30046S15Y :MF!"[30U]D]*;D_T>2;5?48J\@Z?OQ/(HI$DM ML>.\BX$2D9*AY,Q0%.O*:87ZP[8GM'FJWIWE7&[T<@%_/X]KB MFM6BVK 0 DA0"$FDK3Y.#*JF#& E .Z6)MXVKB%M=?2(QW7W<;W+N!6-Z2 8 M8(6]P!IL]M'Q[7I/6FL-BTHT/<;?C'N MK<"N<:\QE A0!%%(I!#$1.60+Z1U##9D6A=Z>!NM>B#H"=RJ"VQ=@NBL-/8N MLD/%.:KENQ011-+$@&A@C6UH^*+SJ9!F>1YMFWIY&R):P!Z$VU2N/\AT-%&E?R6,F:9W&:+Y$>I9;V3 M[X;^OR/%7>;;;3JV=/7:ZJX]X'[[OCY_EONSOH,YRP-).C0WMZ/)]S3-Q[): MAIPLL@\OTW%Z-7S8PLPG+UBE"Z'&&#<5$T(4(X!S@AGA0);)"X@I*I;*$SXE M5KE0X\%9FD^%+,7@)ITHD. >P5L9FNZ-ITX;3_L(1=((3FJ#D>*A42AZ*&XAU!DM#$GF3,1,6(,,Q0H%&E<#@. M<2A?(15;\S98SM&S#[G74-RO]+M-UL?L,NQ$+0&I)-H ;G2$I1$" Q7$4"..%2D4,D4T,X83@2$F59*ITHPNV7&M0JPU!9/B'L9[T?_E0%RA?TG' MZ309+36>^OKJ)+0]-/8PJ44B 3P*!50<$@$B9*@@LM0Z@=%R:?);N=$6C^K> M-F_!%TIXCV'O?_'^EWV$)*M%:*0B5U&) 1;$,(6L;EKE?5)ECH^9DI1C W4 (@PXE!+(37&1)! B1GC4D:$ MAA24]J05DWJICG!].+:GQ/8P;+6[3E?A>%!EP6E9-K!+=41=P7/#/X0PC P@ M5(7:>6MQJ J\WJ;,^QU^JLHU-ZK6(@JX4 G56QGJ7T:&BN.%2 ML@:L4B'7$59&PQ@!M0B42AG"):G\'!2WI@Y;<[H'MJH0>Q3O)HKW$*767*TK M1$(<:HB5C+3D#$>CR99]I,W8Q^%(JH%)M$J!E'$B8HYX%9\2DC+"OE8:K;4)WZQVA#[WI'>A[0WX".U' R5-32Q4113#7D$,:QR$J!69KD7U?/ UUYM M%N$]T&K"G@??@8)O%QK'4 87R 0TPHC%(19AS P-!3=1B4P".'W<&_1#9+97 MJD5)CY.M^H-VN/_+KD_]/IF,CR:KE5P_"=S/@O:G[T_?G_[>9K(=6R5BFF:S M/(O-WFIHMV]02H'_^#>!(/IEG,X.MTZ*-?K],:%9I$ELD" 1Y82 JKDO$%Q! M_5!MJV=-%GI;M==J/-#E3F_2N\%Z'+:IQ'GSJ0/FTRY#B=6.01S%&!L<"Q8%JA.&(,J"A2AE:Y M)0B ,&X'2VWFB>&]J(0_E#+=9#@N_0'!U71R8Y7#BGZRUC3$?8Q)<]#(YP0: M240HQ Q2964=,YSB,+;X5 ";I48Q;M.=F^]T7*-ULSE@L,?:31[I7%C:F^W[ M"L3W3R$1H8;O'1 6 \Y(K $2G&,.2R1B \+EXOEG(O%ENF9F=\&^]T2 K(=8 MJ\'II\ZV)M;7'&Y;.'XDQ\)C>"\Q_!2$&X'MF$FE(=4L@#Y%*_=<8+&DVEJKQ?TY]-I.NY_#[[4.F][*NX.9YT\*6 ;KAW* M:<0U%9%"7 K)-&*FZDZC%%Q.OW3#!T\FX\G]('=;S6F>(VDEWV8.V/Y(VX,2 MJCL,WZ?0VRAQT"$S.E8H5BP$/&0\EI4S"1 >+R>-O12][;54Y*UVS/"Y8QZ# M;RE"1:."@8@HQ((:19B(L>&AB:M H]$16^KF_6(0ODS3?8X(97*;:-P=$7I0 MQ<+CQU/)?.7AB\6R:+3G"*TDAF$L>!@2$I&8<5HUL])8FB6QO#E]^D=F+^\1 MV&IG.5^ >(AB?"?!_*1\;W3W@!*J$&@,0BJQE#$'JNI]93"B2ZWI-J=?/T>T MXYY]I"Z@>G>DOF<#76,#NU B(AI>-.*Z<3&I( \AB0P0&I>5DTAIRS5>PR+: M:[G>8W2;GC,_/_@M$X5S;?XRM?20!K?3R==AYFC8OJPT_5GR[9 ' PG1T-<- M-C@&E $B0L&MOBZK'@0X1/&*_,:JL*N:#CX0/25+O,"AE,PF+ M4R(T!)+@*.(0$$15"]3/KSIC3>O?2&/<4 MFJUN(80&191A(2#B$O** 7 ,6+3DVEX NS1PPW2<7@TWV_@=]&B[(U.\8WL? M1?)!0IG5LIPSBC%&W"616(Q'5(>T&B2(2!RM#^76E&%,>HANLTVUA[*'\JY M6=0MBN*8:8EB0110 ,<1):#JW!\=T;!/ MTEFI5Q^L98Q (PL,\9@)U\G61#&!H5%,5Y8QUQPM98%9"\4B;N,],PGK2=$F M[#HK" ])WNTR9E MMFB$.6:2*X85 X)(":-%GA2*E\36#S'38OL(V:.HS3&X M'C,>,Z_"# $+S C.*63V3R,B"=W?61D6P41;#+T(,ZUI=Q+UB-B+EBL'TB?B M4YIE'P.GQ+TOM+B? I?Y&R2SV71X.9\EEZ,TF$V":3I(TYO\E3U81T#3R6A4 M) P7_GGO47UY?B$"#3\,C& 8"8PECD(NJB_9PE- '%/;' @L^\Y%WK8>[JU8S [4>"+(6%WC M*0TU&F@021#SD%M&!*HV+RQF2_4H3_&?]F(OL"?QYDJ^5YSNKA9P=L'E)GZX'WOEFC/)=&QOF06WZ33(KI/ILUQT MKYTCN>\VP!ZLSY_E_JSO8,[R0#*SPB0;]K=$RF\7+E_+Z_#4T7;?H8EA8ZYX M3 C4+C2>4H(C12%B^QGK)<<"I4T_YQ.SYTLSPGEF>&1ZC=-!P-:^!? CQM% M?A"M5M/Z%(VN<%3/4O:!I> Z.3P.&9 ,(98[ ;>"JG+I#$8,4Z6A@L^EZ6L MBI6\CJ40/[W,LQ3/4CK*4HBLQVB'7$>A4CB,)8LQ RBJ9O\*299'3#R7I:P* M?[R&I< /4NPU2]FO(4YZ.)K/TL&6.$@G&<4.\0->JQB(H>J,GC OP[P0C9Z6T,F41A1@&*&-8@Y+MO? M(PJ1>E(!>!SP&[ J]J)%GP>\!_R6 4] G:X-.*$*4L99R%!,(#6@' D)A=9D M:>;R\P&_ 9W?UYSO3$_.O^41_'00)'9QR9>TB$AGP60^RV;)V#W.:T//!^M6 MV>>%^]/WIW_(I[]?CI\?A+3(> VP6(]+W[#1 ZLSP&H. MMF6&@C 2AH=0RRB&C*LJOX +1ML&UI+#X'7 PG0O)-:!)$+^,$3X_-8RN]@Z MYBE(DEK6Q2K$DFH1AI)+II$ N.H<0V)AEKKX/P+)TSG MXO;>>#]4E+):<%**D92A$(*$BBD$H=9E\7#,)5WRJ;\>I:WJI+R'1:MM4CQ* M/4H[@E+1F/0>RM#^*V@4*J*48E%4RE(@%:5+_QZ^ M=*_MM_K5ZQ7WO1C>I%EPDMX%9Y.;9/Q+L+P?][7]N^%@=OT1D0)%Y5F^Q#AX M]]P=D_;V]\ -BGL^?PMEOH#W\$6-<)W]\J)G7..1SM*OZ7B>!LF-I?!9%DS3 M4>*BD[-)<#,9I*.CRR2S+V\GT]G59#2<9,%=.DWMU_JC),N&5T/[X=5TX?M_9I8Z)K3ZNKW%J=YNAR MFB9_'"57=A<^)J.[Y'OFP'X]+3HY-4?%=<8_+R6C@6,#IK^:DT,__([FY_24XOS#F[+P7 M')]$'P)UHH/SW\/S8WVLSH[-^?-)I(E*MD%,/ES-R?GIIV.M+HQ]\ O[G]_, MR<5YEOG\^,7>SY\5^-6]WI;^;YR]G.X[^WO'AV;<6XY9393V_Z="_F M"<]YAL;OER1J_OOAV%JOF#<;.[AC=Y_2E%&Y-XWCPM#?)],MP7#Q>,I]- MJC<*JSE_IU!!(+"++WN264-EE-QFZ MT'+N?P9_\!%8[V=[<[-G-V7;)S\*A*_L=]^J/V6)%XB7KEVLYI5_3Y-I%AC+ M, :!3ONI\WX$&/9>TYMOG\C@R8RU#5#!\EZLUZQQ8T3C DAOEBSP@KWP1-,M MHA&>:#S1O)1H'AJXW6T3^P83FEN'CN_3L+78%168I8*)@QL_W;V85*?82)>J M4CP+V0$6(OC!3>/V+,2S$,]"6F,A$K!#&T[>/0[RIOZUA^N\?P^7']#"RG=G M8'F7D^$>GTE:8!GYL>2O._3N#Q\]) _\/D/Y"203/TK\=6??66O W0W /J4 MK&5^_/=>"]H###2L/P&\-8ZP7S4J!:=HE*@<["SM%YQT9R7W/OOQN@G@;@^9 MS=$- 4!^R/4+Z*";TV<]]CWVU\ ^@@<_8'KGH=\IYWL+ZSS-"QHM9=U.T^MT MG V_II5^_][YW'_J!6.K\KNZL^2;GQ:Z]^OS9[D_ZSN8LVS;^]+=/EGQ9)K: MZP7]^72:COO?@]DT&6>CHFC\BRLN+KBV;_ZQI'Y!4+?H 2$BF#&),="42040 M5E6+'AR3)<]*+B6CII"LM;'R2*+R1"[<@11/H,:#B_IXU."?\Z+RWRISIU<7 MR;=-NFBD[[3E3;"=A/$3H10(4>TA540*940(B8@,MB V(:[,* V,>#,!ZPKSS@*19 :A80(\18:$4Y48@"X=JLEQ-L.()$+77;VQH+ M:,TE@WJ [7=9Q9I.E>ZJZ2Y*.A]/4WO5?Z6#IF)>M)%*OB;#D8N;'MES/\HL M$30:0V6+OD]KH&=^^\@.N@9'/VB^PF]G5>>N^>TC5+7?';!+UL(:,QLPHP)% MVH2A4E HKCBKQN'J$"P%:'[$6E1UXI;'G-OS/D^M"3><#=-LPW;!O]+I9)!D MUTZ<" 31+_O0%?N0G#?[##;1F./ M"2AP!H0@XTBA*(RV8%%!,JEWM8;!-OZ M@50/-@^VKH(--?Q?PF4<:!)2:SD#K>,(D#)+&((P6FXDOT&PM:8FDU8]7MW7 MA7?>EWVVZ*[:+_S7LTE0-W!T(I?2%[K"(E M MCR.%*00$0AIS'1D>&U16"'-(.7@1BWAXTC5CB.TYJM/HN.0=IU7''1G;8E]]AIVB&^];:%LYYC:+I2"8R;K6B2H M#1%,:(HCR8$",:HXG@1$+)6"OXSCM=@4 O;P!BO#7T(%W2P-]^S0LT//#M=B MAZ(>;L$5@Q@ B9%6! &*E8BJIE?<,L;7LS6X__OSSW=W=AV^7T]&' MR?3+SP@ _//4?OQS]=UWP;>;T<=1XDXX'1_]?OZB[5UC-_4\]Z:XD=^+$>#Y MM/C;VU&5-5F.!+=,<3PH,B?+7]1CL8?C;#:=%Q\^;T1X+U@4+[G[/:AERHI( M:%J5,Z7_-Q_.OM\K84IFP54RG 9?DY%=0S)=S"EWUYA=6S[VY3I(D^G8/D@6 M3),\Z#J[3L:+#R>/QF$?SB]O4,\JYO.C$[JO>3B<-0?C'K75T/Z%C,P_E7\J M_U3^J?Q3^:?R3^6?RC^5?RK_5/ZI_%/YI_)/Y9]JOY_J1_/BUWR&XJ7[^L?A MS%ZZ;Z]QGKJI@;,T*_*5QKG?/)FE@X;CK"Y'7GK\:E4/E[/\],]V$FYK@UNX M8WPD'CCA\C^OI]55;I,OZ='E-$W^.$JN["Y\3$9WR??,>;&OI^4&)KFO-X,L MC"B3$G.,:1Q* 911,0=&1PS"$+O?),_8^:T1TEUQC\O):& O$9W^:DZ*V.A_ M)#>WOP3G%\:"XY/H0Z!.='#^>WA^K(_5V;$Y?SDX75R'5=#R#7]C__&9.+LZ#TSB(?E4G?S'G=EWV@]/H?WX]_:3M0O/Z2?Y+8/[W M]^.+O[L%OSW4[Z_IS&AC?E/A)Q.<"S; M>>3W0^<(G\RS9#QX6''T,F@WOKT4WVER>_>Z>;FQBWV.[E$A+&-"K<6_'CQM M$>V"P*ZCC&GV)Z-1R.@=O\S MN-9'I.T+_N CNL5[L2W>J_5#Z M4-:P)'[Y2S>C^$&4URH\*F,W<,=S5Q;AB>L0B$O9.[HTC62T30+[G P'1\=; MI>DHN76FM:?J@Z#J?G]^,Q_EWA*=7@W[PYD_^$,[^+S =*LLIID+MLT;'Y?M M/S[E ]$*>C@IIJ)=)-\\Y1\"Y5],TR2;3[][/=&3UR;(:[*D/&V!MLK2[-*% MN\W;FSQEV-/V(=#V63I(TQOG--XFA9U,QJ[\9SH9C>QZMZLNV,NDV6,MB ^& MO-^B<JNB41(J>.8Z"C$W$2Q0$(7 MM6L8PP@M5;\VM;A"I7I0]'IL<<;^E_RC_,$_SJN,EN+;SJ2>C%V"B_HVS!;? M*AA9?O'?TIO+=-I"Q2P%6QEBULUJ6,_6/%L[-+8FZMYU,H)<4,.Y5*$4AE#, M9,'6"(VP6!K2N"&V5@=C7(#D>%S&+-IC<03W!&JU1XIG3;WIFSNT5:[ M!9^#H-%J%X8A,T)%6&D D8XQ,F4S)Q)3+98&4F^(T9VELV0X3@>F++!_&8=[ M3FM>B'A/=G@@]5MBQ,^J]IS1E;I6:5GE9Y5/L(J&Q/78A$1"F(@)"<$:85#R,N. MH*&,R%)'T VQRBKC80TWX+,T2$)ZC'L-TK/%+K'%/>-\77 $0M (<(2Q-)1" M(4R(2#[1PI2S:!B):+34WWU#O.US,K7OM>;X0\RJ>.U.N_#=W@^2_WBUK$,A M# @:,8P0QE@H"BV_0MQ^ :FP;"L*)<(4/^1EL0]>[ 6#:W7A.P!Z67O?NS'GX=6HXQR(+W M?T(?( INTVF0DX8?)-C^6CO!L2!LS$^((HTC;1"&B@'%1127\Q,0R-5O'6NL)31YW'G=OA+NG(B20LMH6ES%5*@),<*VC&&*, M2B\B9L[#N''@O2[!YD=1$0![C+690KA6\*.#\0V/TBZ@]"F0\EHZ(FLNAV%( MA D))S'01()*.B+"R.:E8]NY'EY2>@SN 9E+2@Q@#&VH+3",A21E,BP2E"& M/,;1QC'XBB0"CS:/M@Z@[2F]%,$:;@H+$".F)4?2PBMVB3ME=%M)8NC&X=9R M7-MKHQZ;W<3F0@QX=M\ADO)DU(50U1XTD'CWY^,LFR?C?NKZ:O2+OAK9FNVP M]CEP__QF*VUN0B?L',0;?1,,9B@VH8YUA!6CW(BRP-C^R?#JM$)'8NE SZ=V M=9_M3T3+.MV.8V0P%=I$'& ) M@>(+[Z&,K7GUIHAN/>[V$-T$>GQ[?.\;OC'$=:6\H !;!!(>*HBP@3)&!;XI M!K%Y6WRW%][;I./2X]KCNANXQC6NM2:,* "C..)&AC"FNJSSMKJXB)8B#MN5 MV[L:$?10]U#O!M0IJH.++)(A@0P"&I$("RA@E1R/,1*KFQ5N"^H[$'CTH/:@ M[@:H>0UJ*:140&LIN:!((J9U&<)$-(S-V\KOEL.;G @/9P_GO8.SA+69#6*D M%94Z4I$!811;%)=NM(AI^K8RNNUJ5B^L#P7=!X9H D&M=1/*B31:TA#1. 0" MQJ7636,=+1>=/(+HHCQUJ[&N5]2GLNT4IW8_J+\3L?NS]'8^[5\G61O1^SW@ M5CN=:?4\!H5K!@688#&-&- ( <(5,0B6L7@ "( K&51-,LMZ1Z?B\#X3V6.P MHQ@DLL9@%&&KYUL;7@-H((PCC$LE@0,1K>ZVN@T,^HI5C\=#P2-K=&601")% M)&0*12SDUB0OE79FT6C>3B;N1J3; ]$#\15 %#40-0.(24Q"+K@AA,04E?XP MJL.(H;<3C+L:FO;8]-A\1?D 01!VY0"E!&*0'3BW9@ZWF>?K:.@_<+0(7U5(UXHSE_>I= R2!:1S%5?F%9@;S-P-NRP%C MCUB/V.XB]BG DH8:'(;K*XE? M*C19K>V:V"J[@AK # M-%(=17'8/9%;*Q*O'O#R"P?,RM-KI("YB;0[!VA79 MV&%N+7@AJN0&LN #@%@%=Y0*^[MSCW>/]F7@7-=ZUBB0&$LM0,&FX MIK0:Z4)CS-2+^D%M$^\M9QAXH]YC?2^QSD%C*@64 F"L)2::(BGC."Y[1%%K M[N/.RO9=2D[PP.\2\/<'[.MW3.\>1>Y7U;6ZF=AG_U>2<]\G@_*'E4ZT_]E] MG-#&7-(P$MR$FH2:0TQ#!BI=.D0B6LJC5X-_SK.9$W_9Q>21L%6>873I\HZ< M<$S'64YG9ZF5E]EPEIZGTZ_#?EH(YK.T/_DRSJ_B"[@[(5L]A'TAW8V$7R[JULB&,Z6A M1#QF,2=,0(46F"8"["RF7Q?KSNR9V/=^C&IQB)G#G@/L @=X@@$(4 OU2%I^ M$ D1$V208$QP7M:W,F;,[C* G8U\>^'NH?T*:*-:ME.,C(PHCV)IB(Y@Y#!= MCBMB$5D*7^T*M'<@G.U![$'\"A"3&L214!1(#236P@ ,& G+JEA"@%1+%7F[ M N*68]0(]CAM/9E\6WT*XN/M1X=T>L-W(CVDU6KS/:1P'G+\E07.H" 6(1QH9:I2U M;@VII"Q6*I3FM?E;OO2Z"]DQ'NC["?2G0E82U9T6*#4,:1B[*HR0*@6IJH:- MR!@RTD&D;SK"#,%61I'L2Y#*]V,2)N8JU@3!F%,:8HA$-=^+Q"%_=3\F7Y3MH>ZA_H;VOZRQ M'FNM%5!,8D1##956855)8@B4KVZ_U/V";&_N>Z9P $SAQSS!8K$A_W7(-<2: M&@,UAT@+4DUIH;$PJT2+HY^GD:CC[9,GC M8$+BG15X'FR[ #;.&PDK6F#IXE*&A9&F+.1Q-5@PU-L 6^M1:0\\#[R. D_6 MG;X,4-I$BL0HU!9RRE# JTD=/%JV%=L'7GN1WH>S &%/8NE1YU'7"=1!6*,. MP@BQR$A-*>5<*1[A,B$#Q4#$2_U_-B#N=C7BZD'H0?@*$.*Z"9KAYN+T";K2&&V.A%$BI6%-.F(FLE5?Z4S#3 M*(XV#[>V9TU[_=)CK4-8XW4?&QXK!B&6"!$0"4ZQ#,/2JJ-"+ ]E:A]K;0?T M'F"/$E_>OAO VSFP^8+8KH;A&I7H_+-<+QNG,UJ=BBA[='MW=0#>M M&UE(H6(&%>%"<151300IG4:$:@GZ8H ?[_H%=@@;88:RH45 *J&,+ M3%8UH[+Z.85O:G/O0 368]ICNA.8QK#&="@%!X@30)102E!I%?,R=R)B%NEO MB>FVFRE[&>WQO)=X1HV241$2*)6,I60R#(D,*2AEM+::^IO*:%\;ZL'M:T-] M;6@W@]*N-C1G3\/+N6,>6?!^,,SJES\%R:QXE5R.TF V":;I($UO\E?C>ZPM M&):\S<\ ?H*F)]-!.JU6 F^_!=ED-!P$_P;R?SJ)X.>)9%;7GW(=AT)S# G' MBD&MK(Y=]7!&)%QJX_9Y.K' 'F3Q='+S.?E>CDSX;3B>V,?YGL](N)Z,[+X= M3GWJ4W326:'LP;P/8!:\,;B(Q KK$$@2A3BBH:P&"PI,8;RJS&[+8-ZM6+4' MM@?VFP&;@+J2#VL8 AUQ+(2PX*: :E#U7T>K,ZVW#.P="5-[1'M$OQVB$6NX MMN,(<$X,EL#$6C"@R]@T(#$P2[-3WD!4[VKMK@>Y!_D;@IS4Q8C(Q%&$F?V M$T2)-$26^CB@0(BE0:+;!_DN1*8]G#VFSO!;;W#L^OB$)WE0P/HG0Z?W67YC>[M/S07D&G_9QG!1CV M L<,WSJ#XM"Q^^H\C34Q_:<-K/])PNBZ3D(;J7&1P,9H''.I7>!=A$2(RE7 M10163E,HM8Y"E7B@>QP7NL=;!-L?=E&!<(NJ1O$-XR-W@-Z?CY>9Y%>A;9-HL4-8ND"" F!;:,TNJ#D&$=50FK(()@6U9OZZDN MS^&:N,=X)PQCSS,]S_0\L],\DX&:9P)&J$:0\(@#@4+&1%2UHB."R*4.YQOB MF:_(''J63DEQ3T#A^:/GCYX_'CQ_?(H]-@(I+$1(08E43&*.-1?VWS*Y(P:$ MK1Y5WSY[;+L]"*<]BKU;T?,WS]\.D+\UXB@4:AT+P\.826(D0U$45_.D6"C# MA_RM2E.KDLA:X6Z;SD_C/;[5_#3/[/:&V>U4PY7GH9^AQB!5@J5$H9 ,"^-2 M1G1I_!$0&[E4-M;(Y\CS5+/3^2R;)6.WT(TGC&3Y'=?.4(6'S0&>SAFTA+L+ M>8'O_AP5WM7AU_3(;FG:GP7)X)_S;.:HJSE-I1<,YGGSFMEU:K\RN P4X%W>OS8#DY$ M\B3E2J5**;I"V1-;3B7YD;>_ M!S9A[[V0"CRV/;9?&:CCI 8W$48+8B(,H>*2Q5$8FQS<3!NAV%)KO3<&]YLD M0;0-_+5B=:UPBRT&\CR?\&JE%SV'(WI>71#K]:"](L;NTILGJ3>*BG@RVJ+/ M?9>+]-_]60^_#BVY#K+@_9_P!X&"VW0:Y*$:GU3FI[:4=JS =<9!S'7(J:24 MAG&$C4(1867& =:&+<4<%P2VHAN.V,\.\)T+'GK8'B9L:=T,'FF!"(3PA["G7 A"UYWB08QTA)&H5(00 2M!*:X MP##"7)&ECI.M8WAS$1]!>P3A;2#8UV]XP'=99LM:9G.L@."Q@1R%$AD!-(G* M+E",6=!O7F;O;--W+[\]G+L 9PD;8ULBB"B*!)61 4(!%")3UB)!H]52SZ/6 MX;P+[=T]<#UP.Z%X2UPCERB-)3;<(E@@$$DE6=7JW5!#-H_(KM(D7M4CW2<9?-DW$]=:5$_#R[97UL-^3 3"W8Z5^5Y-IFL MA_A0&AK)I6$@,I'5\=Q4OE*S"P&/EK)R<]/)$4PZT/.IR\/-DV__FHSFZ4EZ MEW_2K4CG ]6/MZCT=58<>AAV'X88P'H&C\)(<6#B,*219L8 2JJ)MHQ"@M\4 MAJU'+A] TMJ2'I0>E-T )<:-<*/+[-$BCC"@@$H4C M!^,KP$AK,$H9&L.LGQZ?K\ GKUOQ(,QH MK*&*(XIT+" UL)K81'0<+4V1W"H^=R#PYY'HD?@*)$K4Z"+/C*:&AA(1:F(" MM:DDI9(L?ENUM>5 '@=M!O$\!CT&U\<@A+!NNVNDE"12B!AME58JN"JE(3)2 M14N9:UO%8-OM*KU8W$U([BD,<=US1"*!"%-(14+Q"* 85**01UH\,AQ@&89% MK\BMAC=>T2S2ROE] . A%)^>I;?S:?\ZR=J(O>YS#L1^9N@\CY_1FI]QKJ-8 M,(:AYE(R$JJHY&/36T)K)EW:)3D5J?5^OAO/]P9O5P#B0P8)B'L0X5 ME8+%B)4C,:DD0JQ63[8!9U^KZJ'MH?UB:#=&.88HBB)H0AQ38@@T-([+48XX MC"/Q=I)Z-^+&'M,>TYW -&J,&N1Q'FV.& 8H-K$*&2(EIHU2RU4PVQ/7NQI^ M]C#W,.]$M1M&J"X[CX6&,8E !*5T%>=:QB7.*028K YE;P/G+86Q'Q;#@1Z5 MTM?">29P\$R@,5A.B1 I&6+#, N5,02CJN15(TY71_"VP03:+H7UZ/?H/PCT M/P5^5H,_HH9K2C6G++;_,S02I6..Z'[] 4!0I$PYEFW:D63LZHXM2R)! ,]: M"^OR+(7I@^!\$@/S>YT"@!A,>?:K6? NI^<;:7]FC,)HH< 4=3F T"84R1R*JC1!A9* M,!6/'01*4Y!]A>C@Z0*W,QI'D(.$V(38_4!LQTMH%;:2D%Q83#3#""H>$8NY ML79[2' /$'L860 )IPFG3\!IQZ$G!,N=^-4@):$%*@1:T M,"R'V.1*"5DTSB6D *)@7T$Z=#EZ.J@F@.X/0%'+X*Z,E%CB0@N K+."&;5X MW;50]ELG[0M #RG@G="::M777TCM?H?898.'A]7EPCW1_XR#O+PWI)IR1UY[ M5IA3E&T7% (*SW(FD"Y47A &1=2AE"#:9Y-0D_^ZKE9>Q56?%W?$2$(ZR:E/ M,O$*L)Q786=^*IU.K*:K\J1E;7R_52>+;[,PU52\7;*)$O2X.6E@6@I MNRU62%,,$&<6"R)H3F)2&>% P9Y%?2C2X+F#N0B/I!B2H29)AR0=]D(Z4-#2 M%7/)%(4 &&@5,P8IE#<$<%IPI0]5.AQ&X#B)A"02]D,DH%8D,)M# 43!* PB')WF0Y,%^R /6R@-!$81"T5Q!;2&G@ G6,$D;#<2ARH.!(^_) MJY"$P9$* ]'2RFM,)K*0[6.#BD*'\2#/LD&(Y'&*3F MV'N9,-#):1HT7^ (L'?\&70,M?73UFJF+65,(:L4,;DE12SUHDS3)V?0I=+I M/5*9"9W[@,[[.%X8;FNG,;HR1GH!U@VS88\#_=W M]U.VR<]C;TO(W@=DWP=LV@*;:E[DT+<\L8P2"[42#6^)0YY\4#O#%P+V803) MD_)-$'T"1'D+4<,LSYFA,%>*4ZN-L+'9 3 ,TIZ/>@\@>K!!ZX3:A-HGH%9V M.!%RIJ4UJ$ .S 86#)N8HH8+XY3K'J+V (+("9\)GT\XTG+8Z34^!?!^.<8PZE5WO=Q3U0[G*IN%4G;V9+:HJ]=U(^4V-IN0MC9## M+K,<<82ME$I9J8J8_ RQL 6_K2E_7R[.IZO?W(9Z-2'3_4OV2+A]G;B5+;L0 M% S"W&!JH"UR1 Q2>>-*$@3W:'"'Q^W@L=2$X83AH\>P@"V[B;:,2 %R=T8E MQF<^<1@+#3 14O?*$X?'\'!AT]L][B >" 8M?*A1U83GA.?]P#-M&88$MX4#LJ$ ,",ETL* 6.U#40Y[ MF4_#X_D XJT)N0FY^X%):]]0_N)S^/O MKR8,O+=64TZ-@'Q\3J6 -S1L9PAE.<& M24XM+O*B (TK2%!3],B;7A*)CXFD)C6:U.AAH_<^\-(6O)1 5""H<@EI#KC5 MA6K*U(DTO$>,^)+@376L29^F.M8]"U<>?BEKD"G3TVN/^"I[,YE6[D^S2I;RF%%K$9.U^86<$1R MK36,:80<0R-Z!#"_+Q?NZ2=5L5Q<_CZ^B;S_?Y_.%VXX-X'H_V(QFY3+5"Z[ MO]HVX?HH<0U!RY?(#,?^H N!-5H*B9EM+.:<8M,[[KX\K@\J\)HPGC"^'QA' M+>D3RQ4L&,(@-UA[OY9#8L0XM$4_K>+E,7X8D=P$[@3N_0 WZ5"G:H4HI<0J MHH#-I77O1L-<$F5[,>&?H,!3)6[">\+[4_#.6EXJ61@B(2.@(%)01@$M&@9' M1#7M18I?'N\'$"].R$[(W@]DBQ;9$%$D*-9,X]Q0SS9G8@X()[Q@VVKL7QC9 M3ZWD39!.D#YZ2"/0DM'YTS4CJ+""4I/KPF+49$_G*I=[.BI]*[.$@Q'G M,,'\2&%^/-!.Q;K[&>0.K[Z5X6:G3O2Y*]CR+(BG#,-1YN5>RB/I;\K%TFF) M9O3PZGM6+6;32?9/(/SWJ.>/U_2?Z%_PF3,=_OD9YV#P1WY1:Z.3_89@SIR9 MX?ZND,$VMY1%UX"0.H?;^XY&>Z(V$FY9%>]KJ^)G!.)OV1'4HWPX(^*>G3'( M3D^Y<4FF)9GV*)G&V[PCR#4U1/D,A4)*8MRA"<>2-T!I_P3U3#)M\"2$V]VE M !HACI*,2S(NR;BCD''WU1RA3G(E%KZ0%UE&.%%6(:5E%'*46JVV]Y4>7L@] M+0MCIT(C($8$#,KUMN-F>5 ITL]$S"NM4TI2,4E%)Q4Q;*6B403F"%%&F%80 M:<+R(K;R+C2#O(2=R*R0)2(JDU5DJ8 M R0* &("(%5\"W7$,XG))V3]["(0(2,C H)Q$[<1#A M1")GD$ID,9):$2UB"T!JF#3DA23BP'T/$$(C9PHG%V$2:4FDO0J1U@F#B$(P M@""AQ(FB'!FC&F9<8*P1O=!NDS+6)'0-(M">.5<,0C*",L5 DH#;%P'WHF@7 MG9Y-R"KA#G.<2F$5H%2HIGLB%BKO]3_M9%R$'-'JX_6J6HWG?A:>/:6C"G=\ M%.()&W&6$CONS]=S SYPJAH[_3IU@F5296_^&?]"2'95+K.P=5(#G)0Z'V4@ M :3C_9>YI3EADA $&=$R-['.#7"@>AUDUQML2V:\3'PR>V&Y)-@>)VQ1VTG' M$%L4A"K?IKW02F!4Q%0&(C70/=_+X+ =/%,K03A!^/ A?%]$R8&XS2.W2C.H MA!8BSP6'!M(8>.=*:ZZ>'6:NS.:(* M&RV)T9I10!00J*&4 *Q?-S*\SDX,,4E_)S@_!Y4)S* MA@0=\3Z/Q.!P3@0P";@)N#L:WA2TR"72HS7/$2!:,&P4I;1I0\LAZ_G]!T?N MP"D+R=Q.,#]ZF!\3<\1KWIUI1^[CCMPM-GH0(=#W574]GI^5V>+'9=?BB_A7?V*])YR_23J1M5@N%^P%!T:F4*#D0!"HH))H8CG./& M-4*%Z9/GOB@,!X]:((@MT3FD@#>]8J J$/JY8#S8.&'" M9\+G$_")VW8ON818 X.)RG-+&#-2V!BKMXKV2P->%)\'$/A+2$Q(? (2::?Q M$M'N#8@!H(A!JY&A,=.576]/+L85T/$7H\Y M!^(X,W1VDF<<3V)@?J]3 ) 8,BWN MX#7Z/M9J/QSD_6)M+_N7T[-5.:F3!L+>J9H)>(3X""I@7JY>9S[4\:3E?7 M+R0R]\+NV5OS)D'T$" JV_P B+0"5 G&,66YRGFNHMU"()-X;R$Z>/I KPDM MP(G'(2%V/Q K.UY#PJQ3GQ1P2Q64BAM%8MZ_D%+(?%\1>QA9 0FG":=/P&G' MP8=R0( P))>-@IQB60A ME2*%ELC =1-=C=6#2NM>$KJI!CV!]+A!REN04LMIK@R5$"JC6%YH%9ND(8T, MZ#5)VQ>0#AQ<3P?5!- ] JAL&=US:J1DQ**"DH(;#=SQ-%;&D&K*)7GE66(4X)8[&Q>:,2FOS7=;7R*J[ZO+@C1A+22TY]THE7@.6\"COS4^ET M8C5=E2?E\NOTK*R5[Z?R;/%E'JZ2BKE39EF2!B\O#6B'PMN:G'$&(4$:#!QY3UZ%) R.5!B0EF:> M<8B<)%!:6R&X59")F,8*9 '!P7H5#BG*GP3#/@F&XQ$&J5GV7B8,='*:!LT7 M. +L'7T&'86BK9_VC5T,U4#(G#H3'"LDH^XE6 CUH#9+VS+H4NGT'JG,A,Y] M0.<]G"\4 =HI$R'2_:=R8SBUS+J)B64B&!>0/+D2\P#+IA'C V*UO[V?LD]^ M'IU;@O8^0/L^9*,6V0[!AB"H.*/" D(UXTU3)R1R]*!.HR^$[,.(DB?MFR#Z M!(B2%J)*YLX\-DQ C3EF AO5.*F+G.M>:'L/('JP4>N$VH3:)Z"6M:0(C& , M"G>:)= 2)(6ELLE1RPW(M_.>_US4'D 4.>$SX?,I9UK1H25& !&6"X-R0HPT M".:@L7RQM-O;__U<@ X>UDU'V(3D_43R/4#&H 6RI(45@N1":62T LH4IDGJ M@M9N;R[PS-;5%7JQ)$RG!I-25HB M(8&E804N$&0"*$:E8M'DI8#+?I3U]^7B?+KZS6VH5Q,TW;]TCX3;UXE;UO(+ M05U@G>>B8*(H34T83A@^?@P+V&F!)R6D#H 26RP8 M+HHFA0(5D!:]4H/A,3Q0H CI0N>:FL!?#Z15$<^0 /L"5O4! M!%P3*6YI M2]+#I"Y88;20G!:*4@EQPY,MW(&XEW(Q/&Z'#KS>QC$:898*Y8\5QL<#W==5 M#_N,"0.#AW+#P=Y)N\[)?C.T.\KFY7@"#OT5+(0"6&4\U[J[TOB\P#" MH F("8A/ *)L@6BU49KFPOV'B=$#P\(M#@TR9 MGEY[Q%?9F\FT:E^^S<:K^M7X=%9FJT6V+"=E>1E>S3?D43:- BDU\4T)/HUF MI6V!::%R"(%6G%JE->0Y0_&4284J6$^S_KY?5,5R,)X_N!<=F6MUE"K"+20=U A&V.M8C15,J44GN@NP\CIIK G<"] M%^#F$':2"'/)K=:4$&XMXK! 48%#"Z'IL9'^! 6>:EL3WA/>GX)WW%;(,6$A M*:@DN9)<2,T!BU$FI@C3VYB>7ACO!Q#T30$=UC.WUY9#\UBIP@G2!]_)!F;5DL+ "S!5.2>G:9/*?*1"(*!K2P MYN=#^IG+9M$($910?J0H/QYDIZK99X]Q/_HY8Y2[6LRFD]!D.WOCY$OW#V]] MT:P7<./YS;OJRK^U+"?9N5N4U&/V\!).=E*S HA.GP"# &$LEP4CN0!4V.C@ M1I*S?MK7=J5GRS-_LSVD@D\J+ 0 C&=5XT?=D1,I3W MJMY_&CX/(S:<@)F ^01@LA:8&"FI(6 H5U@ 0PN,(BL,YT32_3%F#S:NF[": ML/H$K(JVY(^B/+=0 X<@8XFEBHNH1'V?9]C+GOQI6#V F&Q"94+EXU$I08M* MIE2!F53*$N*4)I><1<8*3-PW>BD2/PV5^QQ/37!,<'Q"/V:)VJI^3 /PV/SQP,Y72$!4V-F8\1T@<'XU35NY]5O>'5MS+< M['0QF[@K.&D71%"&X2CSLNUG1^,/"7NGB^6D7#:CQU??L\GBVM<__Q,(_SUJ M NZ??.C67K49+SHJ8&WZ9<0,PL$*X3, M(5^;(3\C1'S+\*!H2+J>Q^^90="1 M,KB2Z$RB\^>+3M&FN6ILG;@$VAC., "YDYLQS149*6F/^>R91.?@D?Q;8I1A M-N)")%&:1&D2I4F4#N8L8P"TLC0GO+"%94+PG& &"T)C/2\G$A3ZA63IT[(N M*C>%[F\_+@T@:$38H)WQGKR-'N1(^YDH>XR7+0G?)'R3\.T+7]1I8Z@(@87$ M G) "B=Q<1[Y0PGB%O5R;Y[+D!TZLV87>.?)XU)*XVI M$$)C3''!&:,4:0RB-.8%-:R7Q_%,TO@)N5.[R%VG948"#1D63I(W2=XD>9/D M?8@_EX%.*,P6EN=6$DDA0X4QPG#0=//6BO02=IY)\ [R7V; M)&>2G*]=0TAJK*%;"^@1I1&O) 8C!M%=*U,D3 M"KQ0UW<[D#?]> M+)NK7(V_E.].E^7XCW?C)U*^[EYM[K3';6#,(:H.F;F!U5LYF\=W_\R>G$?UK-\RSYO66Y_\\ MO73"Z4/Y+?NTN!SWS)]OT\GJPOWJGB-J Z4OMV7_G]9%".LZ M+HC^='>-0GT/AO[E+W_JJ;1X_Q^\!1[WM:.YV9ZRV8F'PD[L7A4(X7VDJ1LF M3]]V&;3>J"=R'O7H6P3._RW'RRK+G2R89-T2E\.A-'S.38!_PA[HS\3C3.1G MVS*/+'XZ@G-UVA?W[ N1-1/WY*O]?]7UU1V3[![X+S^P@.C5RAE2T%M/UU>/ M.VC-[(95Q>9!T>5G2\7E]GBJER.5VX0F?=+ M?9VNIF7UZU/W^:MU]Q[Q@Z?53ZO_FE=_-_6P^91B;]6 IYB?AKSJG\WN,=03 M/2:._Y1QWPZ;/=X-_^/ &84"E1*W#8P1+YC0%N+<% 3J7/F&*W7_0VXYZD7< M?U\NSJ>KWQ;5W2U4!HB10\)&4I#$Q[7_DBS!>^_@3=OVIM1@CIGDBF'%@"!2 M0M.T-\6HZ*4B_A#>8C!X SFB:,@ M36=E-E];^?[O_M69=_]<+1=?ISX(=7J3O;FNW"]3WU%J1T_0(PY"='_]82'= MZ]WIV,^"FZBK<\B2 ^$G!(EH5DJ;R 7^F8X/> ?.X_)JVO%JZM:O-VO%\DHT[6^CU'B9AI^\H@@@3 M 32S HH"&0NTC-JQ $;U(JW=*>T"4LTGZNQL6?K?/Y2W&0T&M5O)",ODFSDR M97?(<.JT!C4%@!I@H!7/G15J*4"Q-2B4A.!>/?_CX328M4E&A ])CY3@E.#T M%#@AT/80S//<0 (E9HQ+:0C5-%*2(:>F;(^9]_%P&LQ&=-H)#MEW9\]-P:-S M?89;OUN5M HMTCO,@1:W.RPW-G:4("@"P90CDK-#Q'*>=J=DS M(8O $5+^YMMZ?O*C_GC^CZI4?JJ[B_&LKD\P F30EBY[=Y)++I;7"DW2ZD]+ ML9((*^8AR@O+-8CT4B3'D.'AH#F8.2I'F V909^0F9"Y+\ADN$.V2ZAPVM(2 M8X% 1EG6Y,!H3Q0W'#('LVSYB/)!"2#W#IG'Y?W]GOZ_WH9+BE;:C?Q5HQ!W_$#1,(,F-8:005B!=D$B\S)!AIJ=%!T/C@)FF M0X8R$AH3&E_4I,6HHQHA@H8B@BB4[N!IB.2Q)ALP6.0]9^U@8'R\A?L_Y7(Q M&5<7?B%#B4MRW!Z,>?OFKV-?L35;5)'%IV.L#E:P=)#'T'LU:"<))P<6240H MQ-Z@%9JQG%.L"P"T CCOU6+X2?>%F!_G+V2N(CAB@\8GAVV#M9?*,WF0#A6Z M]R&7M<@%%!!6 .Y,7PN0X!QS&)&+)('U<'3I/!^'MYS*[;>\!).@5:.=48,F,M5Z+0!N2%B)Q"3.2L#\YF*NO.VY_'W_.: M#$&7\_)\^JP9KBF]]=A4WSYCZ#X-1SK%5!8A@G(%F(:$4FEP+F,Q%57NQ V? M#J)G,#]'>- #Y.'HMH3 (T$@81TUQB6&"%"NH+5(&XUBXD!A )=;"C8>BL"' M69N[(!##(4]_AX._G1N8'+PSME@L2W>][.S:[;7YV4WVYDOKG7V-Q\;[$,U: M-BGL+$?-->"4F<)!6Q(.8\V(,+CHIP+5CN=5?9?F/*E+!T:/]2<; MJ;N@.Y4J)\_.,4)4M&?' N50&BV8)9H4N(#:-&U:JA;QD\#Z?!6,AFR;&S_,'I< MO2/,Q7C^I:RRZ;S+&1O*Q0+3P&PZ/IW.!NDD= 0RZMB?+ZWE\3S?JUG+5Y(G MIL[J=$)/"5Y.O_J6TJ_1D+K/QTB%;#T2G!;<2IICC"DK%'5OQK)[I76_N\[[ M^=G2%R;9LO[Y?MY,^J?UG#]GO$R,.'H1+\3AN![3B>A8@7P/CAEH<'A_!1XA=MREA@F?QXK/^Q0M0ZWK'TGNZ6T8 MR54AK66"V>A7Q- 2W:/R?B1 !RP!9C#E8A]S_MAU61=3G"X7?Y3+5YPZQFC; MKZH0#!O+C8(<0IU;S0&.62]<,:+NAZD.TSG^4K8X?7K5Q$[!.3&D8;RWZO(U M:<5]!M6]RH]UK-,< FF$@*HP&.H"68EBW!L4HNB1TSP:58,5ZP[=5.EPM%S" MWY'@K^/ET01Q 1 C4C*38ZX+U02U84%TK_3OT?@;D%M1T"'+%PX'?Z_$5VM3 MWYF=8.Q49$LYS B$#K^8%EP4N2(YBBG9*%>XZ#4C[,.XF75S,5Y^&< N_6$N MMCO^I@-D\@0E%#L4XPZ*"21 $8R,445N&%=%0QRN"!$[A%SN1_%P'(WB19RS M"<,)PWN/8=IBV*I" FMXX28KYU)+@J.;"')@^XT9'X/AP6QI.!+R16KR#P?% MQ^7*[9249]^FJXOIW.^F:C&;3L8K9V*?NZ4Z9O_NORZ!.PPT3.K2R$ M\>E!$N;:Y)3$)"%,W1=Z91./0]]@=BL#(T1?)_I>B1/XX\J]\8I;[]P+7MR2 MP$DH-3 \%Z@HF)(YU3RZC9P21;C70[4/WC#;'YL2EM!0X'EMUT1 E7Q'"<@! MR+3#YFBXT\(TMX9PP#A!2D7R9$Z<[;J#_W='( _'7#YB@^86)2@G*!\NE'FG M!ZRVGBH@+Z SJ;$#'66X8>AQA]P=\IIVA/)@-C7E0Q+.'0&0C\L3[(GVK^ND M"D_]],J[GPO9\GHP"J$[\0K#A&+ '8 )B?UE.8)"[Y [D5]>S18W9?FIG'FO M^F]MV??SMD G@YK1*:]W#Q3C 6-*PI:&0Q@(W4F4J((#H!AD)/*L@IS[\,K MF!K0GL5DR.3>A*F$J2=AJN/F(80!P'QVD%*0:VEYWN3X68$M&1A3PSEK1V!0 MXO^?AJE7XGJUTVJUG)Y>A_WH:6RJE9FYV5995?CF\2>< =8::L B468 M%[F&5@AMH6:*Q;QZ007&.X0SFZ+.W^L)5_/)YHEP2"MS-P9ER&DZ(297SVN M^GU(YRW2J73'1(L0%U#A7'(JH8IJ67)!=ZB@>1K2![1]$]]"PNMAXO5>U2Q; M.YI) #B00"/&!:( YRKF.@@.=BIY>QI@AR>-1.A%F%T/1S$?E^MVO:^RF=]_ M75K)(SX9WP-I#Z2V'T+!BX(PQ"G!!4>LH#FFV A+52Y%L9\W+:W$^7Y?9:C$0\]A!'F7O0[1H*1*V$.<[Y O&$VSU>5'3N-C2H7'YO&D++^)$3CZF?5:I1PE,V;(J M6:PP!1IQ(YD0R%C"FF(VI3'9H91T=V .YO^%(X%3&Z^$S2/$)H0MW:Z%TIG M2G+BK..\0$+C&)FEU&*Z0QK%[M@<+(<"C]#+T*WL>7+%H9BQ[]>=UP=*F#AD M\.%6,9JB@(;E!7#_5QB17,%HL2)N"=V!1#?F,:\[V99-%.8Y;58\HCBE!1Z9 MHMMG2-WGUX&T56A*Y4QZKB$)E0(YI$3KAIA::K%#^>=#,/4G MD]!X&&B\#XR\!6/ASGH42\R, XO26FH:281((0NS@W7Y$# .1P0&1A0.Z5C= M#TY/>!TL9R4R^9)X=7W+#"'9?\$PG_' M>53LN'&@U 0KP %4.3*XT$Q%:Y6Z4R3<@5XILE''"801-8Q*F!NH'::5\H0+]3D4Z#"O=C#!=\?V< [>05/_#@_9CVD,O[?& M^8=RE9V-JXOL:KGX.ITX@_ST)GMS7;E?IO.WW5[Q;J&_#I'(>]^"'S*T.ZXN M!B3$1"ALG"G.,1<*RH9X#/KF'Y4_6;>L*NOY?U:V,P)' M9-BTAWN6>V\5=-+#QX%)WJI;Q:WB"EMBE#LH$ZH)B/%4AKCFO7*:)V%RN"YN M:$3EH$UH$B03)'\F)"7KI!\9#!0BBB+H#&"0"]OTH/"M97ILOD^"Y' \$62$ MZ*"-A?<5DD/ZJ/?7"O9;*O-2H*J["4]#+XI-L_?7>P"-7S)9:<^DVJM]\+3Z M:?5?\^H_QA5;^]_5T=9-=EJN+Q21J MB-"MZ/5F$V#>Z),KH_G>9C@ MOX?Y[32#>DYWQZ"-&=*Q:0^.38>,)ME)E-,TEYP4@#,#I64:&QL;?"DH#!P2 M3<,%_8XB*R>AZ2C01#J<&X XS" J& 760*:ES&,(G5E#33$DFH9K'G\46=R# M^@_VV'*\7IY=C*LR6(K#V88'&?^^+R&;,RSVESHA$?-"7@R=M@_P^5R4N4Q,$=XJ"3'22XEC[3FW,%;*$T M0+A1[0;P/LODD\3!@%7,SNI(XB")@R0.!A '';823H52NM &6TBD,)#J>'QF MA#+9]TD]11P,R6PY:(^%5R .7E.M]+:BD50$=ISM^F(@U>A7U]GD?7Y=#Z>GTU3 MD74JLTUEMFGUT^J_CB+K]U5U[>1^Z6.O9XO+RX7_^N+LC__U3P)!])=Y^=38 MZP';;)R0M $RPMB2E&5D#=CZ!VLB&:.?YX;L(,G_@)?DY? M"#^.:K5T-#H.&#'2C?>IO(KY M>+=-PE2;U0>E *UN2%QB9R5&EA"!!>AS[L0P>K%8MI/^8C8B M!","!N4Q/?SX>#K8OUHQ".AZLA M 2,J7Z3[XYBT.,X9+@RA"#@<&\$+:_'ZK*F [N6Q/ K'@UG)<@0' M]=H< 8R/R]-JISYZ.Y]4V6I1&]07B]FD7!YS8?2]<&6T5;NH<&9R[H"I_5D6 M6(F;J+C""MY9H_+Q?#VS+V4Z,S3B8,BV'(>#R>1,.A+DB19YUA:&0UT@C0'. M(0=61;)83 BX^^"Z,_*&,W:Y& F>>CXGY!TN\B1HD8GGIZ_;1I(>5<]HE) MMA]!/ZU7XL/&0KR/Z_"W"3%MR8%P)A5N0%*BBD$M$F MC9LS4X [E??3P3VD\UBP08LH$[@3N \6W*P%=Z$901!C 9'[U<>!: -NB1C- MGP_4 *"2CG5$1R0:X5[[5WNX/=H&C6;4#Z MH%VH2B '(X@/EV?PTK-P["+EZ,A1I_.S9>GK.-^X31-^\ZRH]5G)=U<(O_@6 M"U_=OGO-#;JPT\UM%:?AP%)#F+8X1^[X8F6L_D*&&=ES_7N9H.83_R-OY_)W M-QK?F[J>=QOG/_]^-KOV<^!^N1C/OY2?QJLR/S\OSYXUA8>/$!N2?#'Y&/= MN>\SW.Y3PQ!U>A$P4 AGPC-&N$(Y%2)O_/J:0-1S%SP?WH:W^Z48<3 D^<'A MQ-H35)_VK'MA3M\'8]+"F$I>$(M%+B%'E%%LA6V\?CE3O<:TSP?C 2LR*7X& MPM.?9/*^[B!!O5L\HXE;\-)=.2OC7LJ6;C-E]>]5MG@^^_@@4^;NDP"\-9RI MTI):E -98*45YSF.#'G,J?6^!*B7Y.-Y%]0?Y]OEPK-6]QK:G9PVC!#$%@-+L-$*%PHW"32 YSGO1>N?B,_AK6DT H-6H!U! M1FM"]K$B^QY@(]!IWX6)8MZ)#1 A[B?$!8H>*XYIGYKVB< >CA=PT$+N_5.[ M1^50-G=9Q:/LM/PRG<]]AHTSKU<79793CI6W]=*>HB#,AKQE.3ZVKQ: MQPS1CF.+.%CFAAN3 Z,EI!3JQK$%6-$O!!L:HGP0B$*)1^1%FVDGC":,/BM& M.^EA"N:Y^X/!N0 &$5S (A9K IU;WJO$'AJC;!B,"CQ"^"6[Y.VY:7SH3N<@^V%LCY9@==TFL);&&(4Y. MD"35DE1+4NV8I!I&R6]T?&(MG%;_O/*\.NN_AW\[PYE-Y^6[BS+((HC OW2N MSAXZG/H+_WG7?YLC#,/*SLK9+.+B__P)_"F\=I\Z:UYON>_GZ65991_*;]FG MQ>5X_I>L/Q^;)_1OT\GJXE=$:KS%Q7[(@?Y/N\Z8=+??D(B@ON?N4RC# [R! M#PJ:>Y_#@\;XB"$9=\OQ=)Z-+]T.7U79Q?AKF9V6Y3Q;EF?C:E43KY[/?+:: M]PZ8Q:6[P\W_KK+Q9'$5A$[T&\S=RLW*<34-I>UG_G+^UVHUGD_&RXE/9?O7 M\?QZO+S)X"CSQ[=?,B<+RJ6_Q8?%RBT^"MX)R+P$R,ZOE^ZRRVPRK60T M&,_\6J_JZ>X-OWFJVX_3'_W.._ZE)GB .Q;O?+7MQCX+_UXLF\M5%VP7RSB#XZ#?*PLT)9 1Z2L#C422"DJ$(4@+A;A! M_COC':;^Q7;2M_H>IXO9Q$N?SH99>\_F%\R]<%F M)__0)^_M>_7I?7ZR^PIU+3+F1/-+/>'6\ZORXG;W\JLI^P^<5#;RCN/*/LNI;0V]+/L70G MUU=7LR"IG-3R"F:VJ*Z7/M_ZO':.^X-:-IW7EJA3/;\^<3-.Y^[(M_H5#_) M3IXX_>@U83.J!U_ ._DK[_5W\MLZ)7IY6B[KE<)1.8=_15";WGI_])U&796= M78VGDVPU_NZU\+P,"?#NE;CZ^+R_*S?Y;?W5-]*)]8 M,PEVRSK%? 0P&[F3R7V'H$;CFRJ]EXOJDIW-'.>V8F?M&BDRE^ MRV\V-T-UOYG-,'94*6Y_G9?3E9^^D:<8\->M#[@OKF!PBT"G39"A2!3 %!A; M5C!HH@>.48M["L8V+74"$Z%V1]>)GYQR7@63Y,G:YDCR@A!ZMF.DTHC"0 :@-R"=S[ MW.D93AN];@IAGC[G#],Y/]+M(TR?1],$_]43[//H9XX.Z""6)UXK5F MHV]TA5ERWY?>5;ETW64-U,PD?OJ7@9N.JFIY//3.HTXE;QK-:!/VVNLDNR]7%8A(- M@.!B^R539UY%N@F>W6SJ3K]9.@ZZH/ZJJFR\H-/QZ716/X%3AWZZ;K]M86 M3?6^9_NUG0GZD2K]SWC)_RP:'^?[N;-&KOT"J._3ZC_/YM5_?KXHPX:I=\IZ MH[3[Q$UZO4O<)JGWR-_#-AU AO$1%/"99)COX-#9;V'O[-#1H8X87"Z^ENN@ MPGA5=X8(WW-OKRZFR\F[J_'2;>SZ#@L',;?S_%[\)6L1_<%=Y4Y !]<:_\MN ML Z[_+RXK1JCN'8@>E-_;OV!X;3$G8LZ ME+*X-?(]U!NL/7#EA=;NS(4%)]8P@$PN@]XH)%9.H_09%5]6;W241IC6>M]L MT1]^TPRF,2 D(RC1\>B,6UMRW^1.XZKWYOHM:SW#SRR"/I7NGSQ$93*JK,\K';GA[CNZ4V2LZ2%?6F)PUO(Z0V%S MK$E!"ZJM4M(:X"1&P41. ,$]K_1VB='P17F)H:\KM^TJWQ;YU,F"YY(:?J7K MA=Y%6( =906A(RG$\X@*!^E'"PJ_6Q\K*-P>W#"3[E:9AR=(Q(""Q.^C*@M3 M]L;_^]:9RO/L_7+J:XAF[NM^,SMYW@S:9.H-2[N5R?-=35TIVEMI^'7GU*%!PL)8II MHX00."<$4%A(K0IA"F 10;3@XB!2HFK?[1'D17WX^#D_R3Y_S#82I(KW']0' M\U[]UDF5VLM4J/6F0L883:PTL, 4$6<#4F1 80'5V&J#;V^JG98!@6>*'\-? MLJB0/CCIOIR>W1T>W%0V'Y=?QO/I_P0]8KI*1=85)!98J<&8Z! RNCO(X*2YC]L5L:@4.U7):U474NG4ZL'W<:JV=&KKRHO9Y77YI_]? MCZMI[0;O/&JCJN),WMHC[KTXA/%:[S]X&#\_ARQH_0VA$RR )GQA/IR\#4IN M4>\/;\]Y4\Z6L_&W\;)TR["\BB$IG]O]]_'R[**^'.3>&@7DE\Q=)'/3Z\TW MWTG/Z^&S:/[Y$)GW9TVF2Y];[I6W>\#ZA=>KT\ETO)S6 ?Q(MYO=,>3,C*]\ MGK(;P]SI#+\QUT]Q8O[N+-=M!^6U>V64_?:;\1\]V?Y)54W'V6_3RZE7[>YC MZK?MG_O'OW4_]8]_V_ZI?QW[A>I\\%]_>QN>?LMGWR_=9+NW?EM-PK.\=Q]] M<^8,FB86MV%1O]VW$\OGCK4_]7OG2^V6Z!P9+L.*.95_57K!,OV?:, OO>>B M)V7]W;+V>E2=59Y-JU5HPG>^''L;^,PGB(2K MNPM?+]V7G A87"_/ROIL&+[D]OPW'S48^\-4X_6L-D. BU"G4 _+^\KK%MB_ M9(4O&@IWS* 4;//XXR;DHAQ/_OO:69GELOZ4+W[YOXOE'YEQ)]-1G2VS.#^? MGH6GRWY;S">+^2BSUZ=N04?9WQ9NLOYM$;.!/B_^N%G\DNW9'LC\)KBW7*!3 M=N)FV1G>]7R,@U_*?;JLYV*CNL/-]_1JYF;F2^F.M>.9KP(Y.RNOZC4.<_V/ M>0!94%=!R*L@S\?9F[\J]?O;7W8:.$=Z.:<2APX5_SGC<78[G57U*ZDY-.7-28SZ.#[AQ +Q=Q7)+1VT: M-H6!@C-.-1>20BF=8:-SI'A.L"Z$[EG+/]>P08\U;$ZZHN]XXO[LI M.W/3_T-S!4!;,"Z-,A()*J"E2$3]317$IF.N2(FX1LIB++2Q%C&L8M8P$3;7 M/S97[KU/SUPYN;Z\]+$K[U)M'R]KGR]K'O!>&V;W"3V;5[\ZT=29Q(W2*E77 M7H4;W_QP7B4N:*&1D4(PJR7*A624 "XIRJ&BLC.O!&HC$" 8*4(%SW/F9LA] M5!DW.TH5/YS7>^_3F]<=C+I=%NLI:XT>8Q-V"DXWI/=P8+Q5!O:IJ;B+J[ZQ M]3:VQ:/].K%DYOT\*\K390C5MK[-]1FD>^.36&-897KA2PW?%.I$OW4JMG)+ M$0H3OWC7C-8CWB9_=9OZT'Y@?C/4KCI0^[.ZWQ^W*Z6#9#\4\8'JM3@]D\JK-= MLNC\;=YVM_HZ75Q7LSJ[X4MMUD\:LV;SF6/V@YL+/YQP%/B3WVAN+9UZN#;QRW53@Z7; F-W*O03[=_IWL)-^775O!'BQ%[OEA.OP]>'BO56BL0SK$\+G6_-1+WT8:56N'V+CH=>7;4/N M8=W"0VY=CNVWJO]Z6IXY\=EQ!O8K8'OA_J:.U?]M73G;3M?5&+SV>FM6;!_/E?JNH=K?6F[F3K[YOAQ G M1M3UE^MJ%7(@HQ!QXF&[='"/-FDFNV-M^L/J13GYLIEK7T_[Q@7>3-]FY7J)SV-[MUMTGJW=4D%DU>7-]+;=M M&@CY2&H8GY_F^45M,0=KV9\9YF?NT!0,ZF4=/KJY-;[FK^M+]X997W-C0]>, M>9Z9O$5AZRK:#-RT$]]9\].;K)JZCSJUUHS<+?@\'%6S;Q?3LXMPPJZJ&L_K!]F8 M;?>5&R\4K\JE#_+X;(%'2[NC$E//:GD%L=6U?EA?<*UESM0'N=P^"7A66_*UU5.; )$7P^..9U-W65#.-A/[KO%^;MKWPWTT\=_O(V#75V, M5^U8QW&TFX-U$^F^43N'6E:'=;C^)EKS, FD>MY6'F]M1E-EO, MO0O*W7N>0>1&,E]=A&>85IL/,91"=Y:9OV<]B,;@#-9)"$!>A0#IF=_KWZ_* MR;0N;6J- #=5M6WBS)&./1#$X+1>&A_G'I]=C#97OXFC>UZ/*&&O@C5Y%=J< M->'0>WT)MT^6*9;Y#J*GQS+W)/Z5QO $?9!X,X:,#Q\"><;VG((!W$GH:>XD MO)-3:P=/V0.=A6OOZYFS)J]GY8J]@($A0 2T)X[<._L06]1_8AQ M:VTWU\>0-@9ROF@\7DU/R>@[:NWP#2-Z;3J'0NJU1>T^,XG&13@J]%(/'U!X M?C]57N?;/=ZU[NSZU]W+S[UU.MM@_<4MFM.R= UG#8;:&NJ^]!V+]TB.XVWX,_> L\[FN/>PN_Y,U>],EV MN]G]Q(//V/;C;F ]BKQIF___31 KBVM?U%C=P6:XWM3X)[0#>< <]>R"Q\_2 MIH7S>^MG_Q3\6>7DE3>&>:T[04W^ZSKF)]^I'U]B'/8Z>%&\%OLM6@Q-T*R3 M#[WVJU1;'"LAIIPV\2O'8KB7I"V'CP,CW]YI;/[J=CJ+I[UXA<)]:8"20[7,#"P(0IZ40 M+9E;G@.#A 420JLXD$HPGQ"H#$(:,4!Z92V-:/;V;OG)#_OC^3^J4GFIO%DO M6?<2@^M:R8[17BR6/W)?^@K*];?6'UJGH_WCROO4?/@6H <45/ZX!08E(PP& M[GO\2Z6O3V4)&V= #"P!F6HPV4O/9NZ M))@#I1C*.8;!_4$40M;VVG=N:M#?FN3HY/A(HB2)DN,2)4F7)@"\:@#LHDLA M &VK-V49E3#GROV28T: 7DXC@J(,<3\*5ZO0\J3:2G4J+4%44$,00>X7HXB-1?2$ M(F*[S.PZ+Z#&FJK<"*L@R1&*1?0$6R0'**(?E/NM?ND_WI:O=D@CU]/R5*+* MSS4E6" TZVRK^ZFI:A)?;QUXVJ+ !N1YB5L"I X_F^=Y&_]1KNF"RF;T-4U< M55U?7M5\P8%#:5RS9-5\/W4%ZKK;B2<-^W&KG5OMY^N-^"6PE=WQQ?I6DX9G M>;?G;SO[]$>X++^6\^N:GMO3(,T]:].D991L>>)J\B*'M);]W??XG+H+1%K* M]51=5S4O0LM?M^- EX%5O%K, XF ']/5\MIO5=\[;75=4X<']C>WO6:>-.O< MHSZ01ZXN/'O6>A!;@-Z5F(^"^>T"O:U(-P5S]B_EBB#-B04(<&5L) :IJ3 !792P7V4$FB0@SXX!*3WYN26^GZ4ZMC:E;.!Y#8NK8:% MX_X]Y@ >A4$M"<*WKI?>G]QF[UX5]-O;]W3PC?J!MJ86M$V.> M?VR43<_KEW5GAF7H)S:=Q+YJF9>^*]]Z(PNIBGYW3DK/EN?6(OMV40;KQ3-= M>O;)L%?_W0G4(!V;=F59'KA&LS?__CYO^/UB"[M_7P3)W?_DQ^:3GAV_X9RL MY;0?YGP\NZFFOBO#;-:HF=O-H+=-B0>.@T+#&WRVN'3O._7F"4B#^O2-*)9_ M1#Y!_XTP->>>6-5S4#9SXZ[PM7G,=3^Q?2.\59F;\+"J#=UKR_=93L/"O9F^ MK4^A03W>[H/HIR/0PWK^PX7O6N!;4$RC%7+E-\$J$F&'J[L_UA*M;!H4=]AD M@S#S1)'^T4,CPEE7_EU?>37N]X4GG6T'Y4]+5X&2=#'S[*W-:M\]V)D[8ZU% M\=G%V/M2W 0YM7M6FSQ9MQM<.X1F'6O22B?# [_^:3DO_4/[WV,#F^9IO7EU M,:X"U6]@@UU\BP"IFSS4U,'KYX\#]VL2OGKI:5RKEKO?<_;6QIJ?O+CE(W]W MH(&-MUF+ ML^LUX6SLZ]A06*XYV>O!Q'GITA9[A7E=U9V(_)3&9VUDTX8!OF4M-QAH(_NM MWZ-1H+E]'1=[VS[PF\A]R]W6R64/V5K]G]XT(M<_GI]?+TL7ET[OMCT'HQD0 M)_RB=$\7L5CO&C_=-YO$H;&/B)L$9V77AO5RW4HD"-W(67QY-5O8A47:O&6S]V(_ MF\SWG_1LS=VO-4>F6>P?%3_C%G?1LB7[-C-N$ %2?TS/_GCGY:\W3.36] MJG=JD _KG>FOOG=K?V]=QHB;/>!UO1L&UQ:VKDR (,P+\\BX$] MKBX\Y:'[D3M%YJ2&W\8[6-H $>P.:T0*KC2!C$G54!T2PY'N6-H6*T$4EA"Y M(UQN?<="$QO2$*:H.@A+VS?N#3W1_"^=J7JJ:;V^<&@-7+87#@+!J8Y)>;6H MG!J(1[!EZ3G3_\M[[#H&@[,I5G6/K\C'[JS#*O E5A?.FGGG!%[3:J;5B9HU=AX@;NKQ%7BCW)I2[N]]^HV$ M!MC^GJS+VVA_=ON@GI*V8.G6_5QYMMOV.CLQIO MI_6S!IG=6/)=2[]MO-&V73F;E6TGBC.WJQ:3FVY_\//:0JS*[5>JCX=-;X/L MZGKI&^JLHC=FY0\1WKLW=OH^.O3;6T\ZR]0,O2&=7Y;165.U2.[)G+;GVZJY MP)_K1YB.:]GR9S?ZVGSW9\Y:W%R-;^H7_M&NYU6Y6LTV>Q)VV\?MUACNE9.W MXT3>_EK&\*.H8R)OO_]!/B3R]MW8UY]$WDX>;UDU2FZ'4T5AI42,:L:@U405 M&&O9#(-*PSM6%+.<4&HE4.Y< 9@NBN94 0AQYXP?/NZ]]^E;47MX*.DX'IYZ M#.E$*C>]V*VWHG8%A$8N5TOO_LGZ')S3<.KM>.)JY^-J>AD: CICYNS"%[[7 M'KIW36"@RJIK=_S8])G-%YWSKP\79+$SL?=,^1[I3E2M>JSO',ZW MW0*D6? [^-JS_F[8QJXN2)U$%!-Z=BY@ M<4-XF%6TD<;%(CO]HW828@]*1G(CO<^ >X8,I/RVQS[LT_/Q=)GY_5@VI^'8 M4[EJ7/P=>S:X2_T)(?JJUB[1C<-%%T:=0T9H(.^>>3KQAOP=%U\[5>-QP6/G M:A%=Z^O>53';H''0>SO[[(^U8\JCK"K+C:/^=@^E.Y[,WY7S9O3?0ABN.WP? M7IA'_W!T=CF UB-KNERY0T?YO5R>3:M--_UT?NYFU0WOMC>OG_>5('>W.?3[T$0AQ;"G6VX[ACLG5&7/H',-T#VG34W(X-UPHU_Z- J^>NT_%;O MX;N&$+9TR E]YRVH=ZORTOKN3GQ MGW""?5KYQW*OVZ^'H/:7TF%T-FNZ'\<.SM/MH:OM?7T"VEH/64+4*T54-,SJ M=L(_AM,VLZ:G']9))MVMO?@VK]QF77TKR[D[,+S;-52Z70FMHZ9UH+X;VKVM MG'S^B]^W]YI)V>GUJDGR"8:6SU2HFZNW#_Q+]A_^MFT/SK([>1N'H!:753B@ M==(;JHL093J__6CUC8[PX_'SOK*.S7_>JB0^.FAXD^E0X>7A77'YV7STD]+S%>.N3+S?A)1[TBR MZEM0=2;R79B)P;RX'&Z27W(Y?OKD%R&AR+L=?+J/^[F!B%$\VS78Z4F.C6?> M3(,99<']5]5!T8F[_==QP%(3G0D91F&RR^]7(66]23D*;;_KUM@^X6\QJ4V M.M$OA$O=!^N.UYWDO[-0[A=2RM8)&YTK^6RUQ/WI_'JU;AE> M?1M?5>TX?\G^NF4K;GVBC;WT[- .AD^[^9NG#A&SIDMY?W_7]2^Q'*"Q?7K% M!..SLZ7O5;W.X._5T?Q@C%N:#P8GU*.];XWWJ@[A-2ZL1U]NY'-1RFWJ;.NJ M!G=8=7WZ7R%),S2/B7GEU_&T3E1=++_YNK3U_4/2<@B7]U1;%Y_-N-?CZ@B1 M.V7& T\.=TN..V394')CEW%NDQY[I3:WQ1@"O]0@!6E; @I3G[_:%25UZG]- MCMNM%?@ENT6=6R]C]-#6RWB+6_=6Y[C;;W?7=YBEW+=4QFC33LT!)J MWC4FPN?7QGT]4WZUMC??ZURWS06OUH6!]>>OQC>-J)F&P\HZUSN\WUO97LN_ M+A"7&TZ&D"/N"R=J#M!0[++?&M3Y=M8];RY&09A?2U[?7 M=<1MND[$:3)>KY:+K]-)&7TE/H]L%62D,Q7JPA9?E[=Y0@ME@,WG:S_1,ES4 M[;#3Q7)9MTM>]IYO.J^9'$(YC1?0=37@*HZM-SOA&-L L%%%]TS0IA^J+5VL M[W__.$/^>?Q6:\W6*QZ06BCZ=MYM'H$=P+BY5^152(:_OG(;;+ZZ MO1#$;Q'VCY.K"\."XO#6;\:0?<1B"L\ZF&(=>^/S$1K]UK/#PEET M[IYK;05=+>;AG9!F-/8JW3OVZPK1FL^A/+MV&OHF1-XVZB'&-3^'/Z<[;5C5 MI!KEK"Z'\^9>]Q#2VJZW]-RC4N?^NEA,O*Y6\\E[9V+-O_ABC-!P9I<*'0*Y M1GEN&:3($,N96]-F446ANSPJUF!8,%D0H4@A("F@C+ETF-$"HT-(AFLF*ZQ+ M.UV9VNAY^]@#[/KJG33Z$'7Y?N9SU-8$(]7M_+GU::&3[#]M#R>-VZ$^")\% MEI5)V+$A5M783QVW3-\#W%1^!NNY<]$.!4JX@;]Z%<^J&[/EU\:=:*>KTAEO M7VLKM9F^YEJQ[KP-4?L@5:A+]X&B26.<>LO5B:E93*GHQ(I/;^K'6I.<=)ZI MMHG=R[/Q3M9.<#$(NXZXNAYD#Z5OAC53^'OR\BU%S[XOJJN MRQIMVT#&C ,7DHQ2B:#,K2B,;D#&#=P@*V+NCSH7R%K(K?N%^K35D+ J8,[% M(8"LG:7LPV;58\.<\&2D=6YQ9V%EUY\Q74[>^3+2FWMCM?8RM;MA M/9SXW4VJKAK6B^6:.RB2-#2 686RW! T\3P%8Z^'8M#.,W'=]ZSU2:OKH6T+ MVR-XHJKR>;G?.T?S#KSQ.$ T!Q138AN5Q0H"5 =-@BE;:"RHTU 0*\P IG4175XH0@Z"OJ6= MGJR9G["+U,1[9_R!.BRSG[,A';#E>#FOUG163B[7#JO6_]I+PAS M(KI39NH+T&J[R-E*/T@G#?'+V:(J)YWLTHX7)C"KO*M=16T@L\OFD(V;F6GI M9-SX;U7&A23SX*SQ2>CMESM/TK$/&TJ5M8MJO%%:YVY4N[ \EU1B5&(;,>]BTFAUFUB#,]WES.\!S!"=H8L ^=P#N?O.O)W;QI)^BKM@QG M8S:V/&NX<'N/,>Z9GY4:69X?>9%R+U#48HH=WLI;R MG6/!AC76[+3-0T3@"G$7\R[MRMVA"JP=M;'GXX=U4L\XO(C@B/D=;R;C&S?V MV?C*_?&M7\MN!'+'20@KWJK0-7_0!M_2R(^ROS?NVQ>U,CJ?77LHK;SQZ:33 MO@>(W\\[Q;T^9'[F<_2[=H)W ?O=N;%!PNR$C=M\NZJKQ[UPZGSNXGHYF95- MK'75Y0SL?BSJY.SWV[>X;ZG6N^PVGGP%S6+^Q4?MVR!_-^4LT!1%:L-E-9X] MY=!Z-J]^M7Z334]K%3&?G-1X48[?% M\58%$ !\ZZBZWNXA>S!4@;643[?/O7<6F4R:8=7Y#N;DY)=LUZ%&35$/+NJ+ M2%(SNVDUQY?EHJH:W=$]*DQ^=)]N]".8 &\2:W)[?9B?V$]Y@/Z_7%TJGI51D)ZK;,=W>BWS1<2&'_ MKO_^-KM%XNFLG9/.3GW$(N^M*=-YKKVR3H93@GDM5W90@@8[Y8=SC@64J( , M&F :KY($!G3+H+DUA86H,)I"DTN(*(WD2HQRS7[H][_W/@=1!OU#'1HG_5EU M:*,PU@6CMP6&LR:#<*R]CO&[(1>F7!>J^4-<.:D9[RK/WE0;A>LDC-U&T#DV MA8_5>6L^.R-43.^YUNH"?S-SPTG1_W:/41O7G6U>;_.6 MO7AC71YHK\0/-%INS82Y+K-J4P.;*),[A/FR&B\"1UZ,S]"9Z%T[+.&?+:Q?WM%GGHYMRL9?VXZIQ0HL):^PZ^ MN15:>=W>ZA3OKZ^]"6$&/UW/?+N TW>PF;O.L;\Y*:FS<%AWUCK(WK3?>+M- MX]_I=>@9G=O\#W=:H/Q4!7Q$0MO182-37S.NC9^+K; MK1$XB:,IT/4O;=D683.$/=X=3DM!Y_;L#X3=LNQ8Z@_S.=6QL/EUX'L($:W: M!>G0X*\?'Z9'&GE;HZ>DEJV1V>?%L,O5-2?]89^8;OV&_G M+TMG1[\+*5B;.5QC7T-7T\PTM=]M59ZO+F@Y]#_[3B.W3OA-YGV3(!;]CC&T M%%MK-)>(P:&87.:/C+%")6(J>$//RVFL%+Y5Z^M$@Z_8\\"[C;5L@"3']X%8 MX//X^PY^,6R$TD0;FPN \QS;G(!U:S@LNODAG@\0.2VDE-*(&42UC)3!P&K. M#R0_)' NN+D9-@&DX0<+*8NQH5/P2L3$MVPU_A[\K6[+E($.V&_8V6R#QC>+ M;4="&P]W0.S[PG=J-^>E_'(2M,C:31.V9U6W[FCZB/C>*?7 9N-OWAW6'6LG M2;$SC(#!->M-W0"M?IPP])C.Z8NQZJJHR?5937?>Z915E\]G-^5X62=4NKLM M8XY5I(_VR#R+RKMN/A2>WRO0\+5;8_U!/=O#!NPN%MO^A%TRU&"W;91Q%MN) M>)^B)TNLN\'40>;29\"Z 8_JSBYN%LO-G117Q]]Q'N2]UOS*<*F(0L3E&DFJ3L4O_ZFPF !"5J MH220 L'3,>,222RYG//DV4_5>&8:\IM^SXO>(=FX\#_4Q83*>AEMLUF&]>EG MH_[UJ$[=NK.MP_'WR2CDE W"'!;FL^MQ99BJKEF4TQRMU,\L+&[Y'TLZKPIE M?JM>5CG7+CT%>+ >% ?)_WK(GPV&%5-F_<+E>9\,^&TT^>K9;S5;.BY>5'7A M*6.2BGS09>:8_[7H/A"&%VR/7]>##,JTLWNW?*>UB>CI8VT),A23O;+YI>V[##@GUSYMCQN](OV.;V%T%FEH9U7 MIL[^Q3@4.8K" 74WL7%!Z\M^0W4,9E'CW$/0Z*ZL?O]*U:%A"QPK8Z%+/IT' M-+\7(CTT!+O#.QVR%01)A5X MMZPW4=6D*E@S'(YUDOEB?S9:H9LR.7?EHO4B \\L$U"4&LX]2LY"X942 ,J1 M]Z\O"TS_7B] 046#_[VN'"H_O.C]8B(J[OCK__FI @RGUW&[V.2_3ZK7KC;X7UH4J-N?/8I.Q;D=R8PF11JME_ M#&?+>U=&>^\0?BW*\+SSB#XLWWX]&[SSYW=_>.G/F;^\"^73/3"%#0BE!?VK M_7?OHC)%_2_OAG_,/XRO+P>3>77+N[^*'B6BAQ!: /9B$_Y:VP!?7.9GZX3! MZ)(P4B,]NA-GO"9EM9:&+_IQ(R&,T6]#&&IO"4-ZPJ#;(8P"D7@*>,R"GTDG-RKYW]1_OEK721C49UJ M33Y9/?Z#$%&7(:D$^JH,WK,D^O7*>XOJ.)-@2:FU;7_;RJB/5J?Z0(V MG% 1/_+,6352Q[>9AN!K@%$J*)M$U3F34(Q2S%;I'6B1QU(MV+A.A;2Q65:]6L%3%XG&:%8; 4UJN.E^LR[P;, M<;^HG-[WL-K!M RXNZ=";38OW6B+FKM%QOE:M;E=-7 M2M?U%OE)7K'?!L6?Y#_BTA/F:>CS=#*>7%<5G68;4WXL'*.IU,I*IHPFB$FR M4-"-3>EJ7B4G26J,(@F*C4DQ(;I*P20I]BKZ/E#^ESQXUSQ]%,G;@ZA>O^CV M KZ6'8['T7]EX^M@K2T/L4#D+CY-HF'YYF_7P]*V723>A.)>YV5EQV^+_/N5 M#/F021^0>YI?3KXOU-W*;5->L PEC[+HXN8J'&]%U>ZZL<[5M(CV&GE*J$IG MQ?>^J_@\GOQ8-%ZNS++^[54Z\4JRL&"^IL7W;8#YR]6N9 Z""IUZ&QP.Q7[UOU5 MI_A5>W?AJP@U3D,7]M!YI6SF/=G46U':8DM3Q6 X"VF9P6'6-@-U(,KK<1XH M4A0464IL@2S+ORK:O+5;+$,NR6%M='/AVS]G*75G98A:/\H0SROIU M@;C">5AB\@H!%IF_I6$\6SJAEKNU\N+HI]2F'W\N;_ G@O^P8(I9D;A;GD:! MV*HBO)#KYW?2RUOA6L;D0ZW ]CSQ!SB?3@KF".2OD.2]& MN;1W+4BBJKB6KT9B%)_#&=+/9FM+='D=.+U.,*ZKN(>BT$6\R#2?5S'!@?Z7 MI%XE3X07[2V'0#SF)O&8XO7QF%DA"LPD-1@APU5B8YYRK!."G:226(M$(FRX M)[L5!]:&L#08 P1R0B#GZP,Y-UUU@AH3QV\O,GT?O4SSJ?Q(H95#6/9@"?O_ MO;R0AG[4ET^T8S>IC 5-$17*))I3B^TB4D@@0E?;L4MLE$BY0HREQ"OX"LLJ M@XZ[.+6/!\X]^9ZUP+EE4O?=4_#5D51F.,N^?9OFI3?\TWGUIK,@BCRZ6)J0 MQ&HLF$RHT$PJLE0/A4WD:KIAH@W2J72<\00Q&R-!JFA=XD5+G#RZ6$^^9SW* M\.D ODUVX#4;2%ZDXZXT1KHEXS?"9&40RK)M:30ONZ_/KB\OLZF_ZK[\Y++@ MS&39^B$(WOV*DV:%(=1+HJ%*].1RV!]6LNS7U98TT??SWX1\CW0(VKE M[EO-KM =Y2A\7GW\.(CKH]N+7_7'>E9WL-75OML-[,YHR]Y?7I+ZTR]?0W#D M]*@?C+)7L_S#XH^U"=<-Q/PE8=7^\@Z31>>P>QJ&E>\0_$^_U.W%;O^&'_Y) MO^BNE_W4OG<]W7[MZV3NR?UV4[7 L+=.P97/Y?6WOBI*YQ??W*;=$(=[[KGQ MP\5PX.FU"18O=?7[F[;5Q(3?/3[9BE*KJ>"K/Z)"A8O^ Q7_>]%BO'M"(:NG MHIX[=W6_"/$_141C/@X.BUL-GQ]J O96=/ PX+U\*>X8-W\J S:O9QZ@9S\_ M01_T#CP(XN1D^N$_^OT\/S_?\?'4H''HMA[QX;5$MS$ M8?=A]P]Y]UNJH[QXHB>3Z?PBB@MK9;8C$6KKD_H_KYC(2\9=[%BW, M]DZ4[3.V?NOT>)_'YT#T5@"/=H&'P'5"'X\M04)+) Q+"&725/X3BD*[D^V MAWI;\""DIP4#\ #P /!X-GBHVIM,8L.Y\*R$$R&--E8N6B)1$K.8;@<\Y-N" M!V8]1' 7P.- C%SO_OI?F;_C"666[%*9;0DK:U&S,F<:>>TA<_/9?GYM@7^J/?MD@]SY(%ZV5"3IKECEP=L8(\R4_6VF( M(@QK[3 U,=9DR<]2F-"M\,WD^F;YF?>(HL#/P,\=Y&?*EOS,0XPELY0@DU+I M$F=CNQ"U)6/I&XK:C?(S(SV*NLW/7?,>Q+-A%GW.0E^"?L@8K*I_-2%T[S/S M\I7#6'&AM.4Q2Y!VB/J_=,6\E$HLWU*X'L]^"QMH%_M6;%MCVC*F/PH?TF&[SVPIZS-5,\VXY(XBEB;","0XJ]B2T=2PMY21M\R6I,=TDZJ4=/T2\FGM:510LDE-8?]0H55F]-OO8%?-5(F8S+/1J_>2^KT<3*Y# M48779/*]+&_O+4/J-EZ&QF>]8Q24JK:=&(HU09Q@DC"M%+-I93LAQCBTI7#> M13V;UWO_ J[1]>K93>':/43PMG1]P&9-@#" L"6$Z;HG@58I)MHZQ RR'LBL M5%7G/ZST/8U,FE3OF@A(4KB'\?84-H P@#" L/9!&,%U,+7%7,I4<^>QS!A$ M/'"I19>T$+^U35VT"0B3JB<:]4/M*805*N:?BX)TR^\'VRB%NO*\6ZC0PC)Z ME]GTVW!<#B^[GD\67Y207'P#E?9:_2ZHM >5]MZ<#J#2WGX4QWJ[2GM046UO MB0;*\ '10!F^S2GGG@4Y?JIN-U3C@O V'W8__3?581J8V*>K?'SDU;70 MSW[PJH;QUU3P75__FEZFD^_#_OY,E$BT+8=#VI) MQ@4:;RP$BF#9DU)U(5OB QQ "$M@Q!1!U1KZCDZ)%E)(>+4Q2JE"PA)C-5; M*B"JWAY"L)8]*B /$B $(.0%$*+JZ&M.&3+6,N*02)F0J7)5*C5*D=Y!)<"W M@Q#:HZP34LB!&-M"BXN))ZE:[8+20^N\K>N88F.(28@ATK!8$!HC21>\[1BV M6PK(VT3#*#=RB]RM4(\CTNEJ1*UB]M8F5W60Q3FN8VX30HW0J9)IRJEQRC-@ M5: (>T$=B[?3 +;.XE+VB&PTXP!8'%B\)2Q.ZYA4ETB):O[5K<;5I#=9'05[5[D1YI .PUAT$5\KZ M?&5,8$(Q=EHZYN(X226NN))IBK=?#45J'B(+&"KFCN,?-(85SBO)K E".(G8SQEK!B M$\UEAUA!>X@UJ<3L'U:TRK!_^QU0Y; -\8*'4E]'K$0;0I7#;M37.0"#*T 8 M0-@"PB3"4.40( P@#"!L;R&,(*ARV#$(>U&5P_KI^KG#*6_X[8'_W1Y@8U4, MH_7EN*^@8*'4OEON]\9*N-_2=\]9L%NH6%5L?.X*EDG[&Q-I< H^:XPO&%+) MP_D@&@QG\^GP:^'>+OJAS4HC4G2>^VV9G+_ [;DR) _13\ 4K1UT6O*$"A43 MI*5)DR3UZI>BQJ4)23BF6S*D/>6@J][VFQN.LW%_F(VJ'Y\TG?$EO(G'X0V] M7]R_YZ.;]T^*'WZ]PE8.Q]=9)8V5*WAR[;=^V-\WB>#.= HV.?-T>IJ/ M\H(BCC0AB=58,.E/*-^:3Z'(RR$='7S./PM'5PBTXBW[DT]Q? MUA]EL]GP?.A_//=@'DV*@+>?KJ;Y]^'D>C:Z\=>$N_SOV:R^/Q!:Y5X M[>?PNLGM:EGAQ^&]B2)W<6;3K;^%1<6M6;$O,QQ;+W $-3?VXB0J:J3$7!K! MG$D=0@$@LDWTIEMV -2$!ZWX>+MX)'L?_7^W8/-A9\;MH[?.P/J[?Y(?YRQ0 M9#*:]']_=P^!2BF%8:D7R5@26X2%(VQ!H-+3Z%%M+/ _$HCY&Y/Y2O@N(\O#+L MOZZ'\YO5PS?*YM%Y-IQ&W[/1=;XC'GF[:,$7N2B?VO06Q\?R8(+*Y4IB']8( M)]RQ8,+W"IC#-DE+@5)AS;2[*[*7)'.:]Z_]ZX?YS'T_&=ZQ&AZ7\GX39:-T M3TDH&]75&/;= !D*\ F5:'0!10I#"=>7M1,I8I@)Y33:5VAA+N.!>5;6ZP0;Q!BG5:D-)0S%:P[%:NUJSC/YU_G6#G_,>EHU&=S=VC.^ T?Y(7 . MJV-A8N79QCB%I'0)(RZVS!9'ED&&(A*_E'.:.;,P4ETIQ]Y.5;R!"?\]'PW\ M$([\'@:2N(GZV70:/'Q> <\N)WZ*_\X#6\WF;6UFA &QUBA*C]5K-U[#S9Y-?JWVO(6%K!RGS6C1JLK 4:-%[>?1VD0]5 M+-UN,$V2=-;%2 M5GJYWRIG%G6BM:3QFO%Z%\(%YKQ'<).&MY?O>#O=2:V"Q3:YNP'Z /H>A3Y9 MIW**A!#K&',24\*YUHJFBU*YFJ(U[\-.Q#O">IHV&JO3,>B[ISQ $\_>+&_I MQ;-YJ+P U!?88 U;6U]@S?NT&@)ZD0VB;"4*=(ME!BILTROM/ZBU.F8X$"U?: M%@I)D3#8)D*)V#%#JCQ+;J3?BB86_?%C9M-%9_K]N@6]L45_B:^UO/?^W.]7 M;7]8LSM9W]$G+W,,0X)FQ;A^S:-I-OZVR S%)*1W$A9=^B=>S%HV([$VN+5H M_ 82VXL;RW/R[@&YGF"P,= V*0YL^8WNJ"XSL%J&Z&*Z>,Q5]BT_^CK-L]^/ MLG._#!^RT8_L9A;.TXMIM8*OS;O;]D+!&-83.C%9)#4V.ZCBX^T\FO33W^U) M])_9Y=4OT>F9M5].>]'Q2?H^BD],=/J/Y/38',=?CNWIRV8B=C:1DT]G]C0Z M^Q2EGTY./WT\-O&9-9$[/HE/TN/XHY^<_^)7>W)V6B2KDE]^2B=5>N[/[:.4 MY4AN06 #:'I46R0<;W!,B^RF1NI"O R3&AX"&=UQG0TR_-0 M;.8506%/&QNP/^EK:X,B-+76$$<>W85PV!_//OA#V)_FG\Z] M/E>TGCTM!KM)#>AQ_N.WHAK%;[/JGEHZ/#YQ2_$0W1(/CV9Y/XB(/[S&/\O' M[_XZ_S%YR@3Q[!6+_-BJ2AF+?%CVU*P%J,\F4JP[.H@M0M6(Q- MK9*6.BJ01-*K<')1M)(;H]2+J&*MK&Y#5#$9Y]NCBON(XDFY=DV*?5']C+]E MP_''R6SV:;QBXGNT=@:EEF)BK$ 4&Q.''G]Z65$'(;U2.X-;ER >.TDQ2Y&6 MG"55HVN!)>)ZK?C%\Z64+<#DG;H3L[KP1/3-KU;TT\BOU\_543[.YZ7>]++R M$^M#WJ-B$U!)XODO>]/PMK<*KY%M"J_96EV _RD*^=EU]-Z?*,=#+BCR,I?/ MUJ@)"HP 73Q %P==<.3$"US3W#\S)#<%>6Q6"F3Y[.=H<#TMQ#8OQ)6%$M^Z M:$ [XR#VOOH(QKQNWR(-B05.48(Y\QJ&3H4HU4CD5)R:M:Z_Z60V7XM9_5)1 MU$(=VF;/*4QZA$ RU4'&:!UZ"-:^1UC]]!0PK61UG M-"6)2,U:7:27 M/S.DG-_*KX[QY'J!Y3C<;:/[7M->MNC1":(OO[E)DWU>8: MDJFNQQM+55&@^X>B])L=V6P^'(VBBWQ49+6'(82:TY/S)V4\2.W)0_NZV@5# M8XTIMLX*FBI,B$:RDI*TD4;>!:-?L^GO>6$XK&-S_K$DD5V(2;K'V$$D_!R2 M2M]E;GQ*-B"H3K5CB#(MI42I0*D5AG&C"]G $&)XNA:C^&)VW()P0'I2-IJ# MON&>/TM(:+<G^K'6%K[J_:,_9696=**'JB^,PS:!)R:2"7YBZ8 MTSK@W")#-&$<4X%YK!(AK.0T<0@E,:)VS0)UK\]]FZ(4P3TA(:<0[%6 @X"# M34NUO*X$CCABPGG%DCF#B)*22EP!(;4H64NHWA0(MR#$LAX1VROC\A)"Z((- M[.6MBR&[$+(+5VY8=B\.\77#<7]RF2_4C6Q>MC,N-G0^B:;Y(,\OBT^>E0-V M3">C4;!8#H,+WL/*6@^Z^_K+;11WR#;,*=BC(+[==8QB3\;Y*?:RT+O-;H.8 M*XBM>3J"[[X OM6NNZTW]]Q^)KN#.$=;LP#-RP+5]UN"VEJ!&)SU'7;6/Z&Y M4%+70Y'$.FU9S#ARUEILE*TR%0ARV*VEKU?5V ,3S#X6?M('^YXW$3'4TQ@: MB+3CX-X1O"[[JD7^3!K[%ZXXY"?G479^/AP-LWE^C[6]@VT5GC)"4%JGE3FA MK9386.IT0I6Q*9%553?%E+RGJEO0+@(3.W^,;5;3\OGYL@]+N-2SPVN-NM>$4L80B*BPQF*BTJBJ- MJ9!RS4D3+Y;=3::GV:K?_6]3OSEWX_).\KO-6!J5 "CK=L!PJX[XMW>8O[F' M9O^4E4V78=^5%D57)9W88&Y$BK&@(=DZ21=^YUBF:S%]F[I;&D,MTD.DR?9K M3SM9VJN_M-](IB\*H[S?V=AI0O@\-KU(/KG ML9T%XBPIM;SP(A\ORE;-\WPZBTZ/T_B?T=]&DZ_9*/HXG(4;C\?GTVSFE[L_ MOY[F4:A:$OWTMX_'Y<4_]QYZ5CHYJM$Y^IQ-YV/_]<7PJA=]?/_YO7_&E\]' MZ?%G_X3JM5]L4;CET;&9H4?4V? \M(<+HFL4SV;Y?%8-J[SF2_SYY_=17)?4 MN[6^ZAG+M)QF+ZI&NQCLYVE^GD^GH4F=?_'RO>\W1Z3'J9,T0YU/E $)"W%K M^K.Y_T]9^G1R'IT/Q]FX/_2K["\:#(MC_"ZB/;&6SR@A O[)AOR3!#WIH*2B M,X5(X&50S^6E61Q8MRF-8VONX,?EC+9:+_8]LF#-.+7M5=L:_2S%H"9,=)T" M$*"1)8V4\C%0"%#( Q2RU/* 1O:$1EH6U;;4LH& ]H2 =D\C1>O%O7'--V%_ M+.U?+0U+W)Q"M[OLST"R5F6M=3A=#T@#2 -( TAC/TD#=O^0=[^EP/!"\RW: MMOWVQ3,]?E4+]4:-\V\9$[8_@:H*L64HB**<,*MLJCBU,DEB&8M%* B+TV>V MYM7_S7ZKKOSMH2"6Y"8=9;,0'= O6HE\.B]^N8G_&,Y^ZX]GOYU=Y$5D01E2 M4-@3RF"',M;A=JA#""GXM?";-!!!)GN(-5EKZLUBP [ /0B@TC)0(76H:"IQ MG&++J% V]%?2TO *5(Q2>JW>W Y 9051TDG]OI6(I\90A-(FH^1W?\I XOXZ?VNQ MTD8GT99QAQ/"TR2-D1*TY&_JQ0;*[O+WE[R?#[\7*3NAH$=2+K+QI[C_3SP> MI*,\"PU-/DV_9>/AOPL.[J#EM.'RIJVK& #^O /%!HWK@L/8Q88BEUJ.E.(D MC442+S0)DJYK$JW"AAT:0 EJM/H[@ & 04O @+*51J R=3;AF F+M2":V%)0 M0-;+$'2M'$9;P6#[EDPA X #KH(!WPEC@)IA&2BN12<(X-P:JJJ&!(1DO"] M@H/MVR,%!DP 3.@B)L@Z#(*FJ1/&6APS%4L24VW ^A06ZQ@)B4<*8B0UR*378N(166""Y0FI-/BA6 MN#QXNV6R_T_=:P!9I=T, ML2;/Y?:;Q]ZT(T\#"U#4/7K4;/8,9(7VZ(?7'OTI:-1UL)*D"JF$&Y=(KZX@ MC22O3!'"L9BN)79WU=8H>PRUH_5Z.]N%M ISVY1H 6@+:/LHVF)[;;G43OX!< 5P!7!M%%SIBN\\M0GB MP:$6"VNL5:SCAHV/PVJJ^?E4C"7[52'/31BI%-S/ME;V_ MAV3:LBBP_[#_L/^P_[#_79WV 4T5.'P_@IT:F/%'KX4,1X7J 8W.]M:&) MP^[#[L/N'^;$8?=A]P]Y]SM7@2*4M9U/'B]JV[C"T4H/RVO&O5M7"-6J#D_7 M7+M4264E]S_'-'9)Y0I)1-IG0]R[4E<+.[0%+**LWY]>YX,H_^,J M'\_R;91O2J0HO;=*TTHX2?>,N1AM M+VO^&?356CFFLWXX@(W'88,C7<,&P 4@! M2-$5I& U4G >4ZJT0BE-&?$*B:R*Q2*K_7?W%XM] Z38@35TB\FX !< %_L+ M%V(E5D1RQE2L'#.4$Y(JK.*JMG3JTG2M)LJNX&)WUDRIMEB?=*VNRM5GO&!!76M@9*IU#3@EA:1KL,@HM>F58AN1:Q^MN6W ; MC<=]NIY)*\N6'+H[&L#PH,!0K'3ZBV.6Z)2DEDLF$AX[K"OID&G+Y%I-4K!+ M _8!]@'V[2WVK;1#%"(AW&F&<4QC126A@BPTXQB[M2ZG7;.V<[Z]?FF ?X!_ M@'\MQ+^5II$QIX@[EVJB>>@TAY#C%?[1U%#7 OS;O@^!L=V6I0<0!! $$'QC M$%QIO>FL)BY&Q".A8%:YE.(*!(657CQ\ Q#<9>M-S'?;]ZB5\%G)]Z6_IEY\#Q0S'UUFYT,5EY8W%G_=/OY\'"KJS/(^4D&MR?;;\ M1G>$U9U%*_Z]F"X>!C@UQ? MQ]TO%(RA',/J\8'#8;&%014??Y0O_3H9#?PCTD]_MR?1?V:75[]$IV?6?CGM M1<3=YN,0DHI#$LY M%RR)+<+"$58]1D@M4#B#'QG%D[>S)^!^E0+9AA2X\KQ; BU:W#\<>TF\_+SZ MPG&0($:WV1>5 GUQ:$;]?#2J?OW+._2N^.RWNK_X? ^EG TO\UETDO^(ODPN MLS7Q_S*;?AN.R^%EU_/)XHM2FRB^^3$%@]>ODZ%%=_&,[] M8_O^$3\-Q]'\8G(]\ZKG[.IG%NC;B\;A\5:GP3X;R[ M7Z+6%CP%ZBJHZ\OGH_3X,] 6T%;CM%6@5O1YFI_GTVD^ !H#&ML2C7V) <& MNIJGKB)OX)!:V93N]T]@YBEA=V4SSV/K_)83)F*)8LMC01?*8TVXMDW9EL^^) MG5/[G4G+>Q(U66< @H'?Z'@%4-D]J(BZO%&L8JR(UI9JC"1*9)I6M>!IC)!" M;P JN\Q(;30>%S $,.1@,$35-8\22@@SR%HA:*QE(N0BJ)\89LA:@??=8LB* M5+)TIYWF_>MI\:1FRWL0U-,4( 4@!2#E^9#BY8\Z6=QO&Z>( M,TP3*:@RF+0 4K:?+*EZ&AK0 )@ F+P$3$C=[XHK'1-GI=4NYC0U*>5"IB9. M.*6,8_L&8')/TN%2.-E*ZB$5/=QH_=8W Y/#:3,3NI6?3R>7C_>65-:DB-&^$G8>D'!$8:E\)>D%1AP0Q*S5HBNK6"P2\,F MZBG1:/DZ@ : AI9 @ZZA05*2)(G R@L(A%",#+*%V5$E_C*[7]"P?0,E%A(P M 3"A>YA 6BL+'-21WV$VYRN]W!AFQL5,\L3(E";"&KDX^;%+UXJ5[H#-MVD+ M_'<^G0RRV44@DJ*>'; UL'57V%K6X0"**"L)U8:HE/*8D1"X6+*ULER_,5OO MT*I'>ICNL@,T,#DP^5:97-=,CIU@G#*+M$FX5#(ALK3D:>>8DJ8%3+Y]^QS1 MC:KBP-[M9^\]9E^*^9)]&2'.22UDFDB#_?\;D50.>V1L*(VY<_;=M2F-]$0W M,AS;6?!G:YV2'S.D/0-?FVJ+\M":=K!?RI/TL]^-5"AE=4038U3)5 DA;:QI M$A+!JV1P'G*QUH(=NVI]Y#U-MM=O_CE$ULYF*ZW"W#;E9 #: MH^CK9\M?1& MZO%5BH0KDP@LN4M+M$4VQ21=TR;WUPA\!UX%;S0@%, 5P!7 %<"54EE[TPWA MU&J:,JZX=D0Y;1:ZOJ8XV;$H^T8!MI3V- 5!%K 6L!:PMF&LU6JU5 M."-4) M$8P(*HQ0HG"+)"QV'+^=(+LCCXCN40T2+: LH"R@;+,HR_!*X%C,$B>=3KA0 M#CMC_<=*HG6$[MHXN_,8<*9[NE'75==0ME7]#*N6$MQ?N"LG]E/5IIN9]LK> MWT,R;5D4V/^N3_N I@H[W/6IP@YW?:J'N,/M#%%J8,8?O]<)8E0L'8^>;Q<;>,J12O=(:\9]V[]%H+1 M.LQ1A9YB2#J'L8M=G&*$JLQ8*Q*YYK?XG-T4=6[.)F65F^[7SMUFCGQKG;[[ MCK. .NU#'4'J\OR"ITPHHVEBD7)&$UNU(&/,D'2MP%9+4&=?2W$ S #,' S, MJ+H]@-+6VM0:'2?.:FVE201G,76] M19=6(DPZ8-^]@Q1R>U'LSR"OUHHSG?7, 6H\@1J<+5&#XL0)X4]4C!*$4J>- MC:O:&$8CDKP5:NRP2@8'E "4 )180PE9NY93BA4S2C*G$\N0]:AA*NLKDE3< M7X]UMRBQR\K+N$G] R #(*,KD*%KR(@I)08YAVDBTY@BRS K;*>.JB2-6P,9 MVS>.XF9[- -<=!(N.@@'"M=A(D9;9*3B%(DTL8F17-K*.I$HKM=Z,^X*#G9N MO60(^JMMRYFRM:K0*Z;+UE0?Z5Z1D:W->L>PM])KCJ5:FE@CFF*78&,E)E4M M$2Z3Q*SY=, >VUQ5D586#SET'S-@X6%AX4I#/IT&:2]E2:*5L,QJ[&1E:DYT MBM8BA<'*#-@'V ?8M[?8M]*UD$M$$^<82KB*"2*Q-*["/FT%67/.=]9VSGH" M-ZH! Q0"% (4MAT*5WH[QCC&0?IC3'IU6&+%=1(< UX"E,R@-4M@-WT""D8D3V,2+[)FN7+X#4!P]W'<2FPOCF)O M0+!PF/QY'K9L\7T3SUZ9S",5WO1S)U/>\-M#_[LS/[^W@5:'X^NLVMRU;XJ) M1_U\-*JX^B_OT+OBLW]2?_'YGK&=#2_S6722_XB^3"ZS\2_1^JK<=D/]& [F M%Q\(*X^$BJ0V]EIYJGE7,/CJ\ L./_.T3%=O7+VO%PZ!Z,?%T'_L^[-D.)],9QZ;H_%D'EUDW_-HFO&$H M]Q+%53B7I]?YN[^&J43%7!;B0[46=\[ IUERDW>_9NCD"8Y>)1DFP9+43 ZFUQY0E($]5Y:9K;\ M&"[_,)Q[>.W_LKI-T:]Y%@@N^%9>7,JR8 M]B]N DY\]V\KI]2_)>S.HJ]9 #G_PX^+O,A&"Y R'%]=>RRL8*>^>9[W+\;# M?UW[%Q38.!R7:/;0XPL8G'R=Y=/OA3CC\>YZ7']^'WG@]?!V=TSAKMGUY:67 MV/]=OB4,8WXQS?-0A2T;1*/\>SZ:><0-GGD/U4%QO4WCSY*?5LF-+8CK=?*4 M0*^1IS8[[8KWWQ(BJ'BN%+'4U;T^)IZEK%=BPF-#W8*Z\#'L?(2K D+_&&># M_[TNB.!?UY/PGRL/=WZ_PM$Z#&@1!NPI* 1N!"Z;!6H**I4_7CU]_>Z/_+L' MY]JA"*3495(B%2G]]QK]S(;^_FSZ./7\\BCA/?R4ZG:/:MF\ +P@]96/_J60 M*"\G@WQTY!5S_\V@1MCBYE)HS$8C__1OXP(YQ_,%:H>;5[_^7IPT@VEAN[V# MR.^CXU*(+*3?,-R%$'OC1=!PC"R.E$'T4SCP@SGB.AO][(^"Z66O%'O+92Q? M'UUZ;@RR\PKJ%VMY_77FS]CYT _ZIKCM_-H//SQE(<>N#P$X\Z YDU:<^<^: M]A?L<#Z=7-XOERRYXQ[.*+CQ,<:X)9P\17QO+K\>E[-::*F7I2P9G0?QLIS; M91B1_V(4CL#("[;G^=2/8"$^58RW^ M\EGUT H%"E0;SFXM=W7UZO!JZ3>\;N@?&8!SFGO6KT3#:J0+@!SG'F-G7B[T M(.)7RR_H0M*LYC(=SGXO,>1?U\-!@#$/*Y/^, L0_6,XOZCDVT5$T\PCH%^9 M/ #14E'[ZNSV)_C.[O/HE.CVS]LMI+SH^2=]'\8F)3O^1G!Z;X_C+ ML3U]V4S$SB9R\NG,GD9GGZ+TT\GIIX_')CZS)G+')_%)>AQ_])/S7_QJ3\Y. MJY/VIW1AT_FY?92R',DM"'R=S:^,8(C'@Q4_8F63&7P:?PFA7J%>E+_@9#*> M+CXFF8?YLR %/&HH3%QJB!0,,YJ8&*=$.+RP@DF3J!5#(78Q(8D2V)HTI08K M)7AE*.0F3OA=2U\3)KS''2Y/WD[;8,(+AOOSRO>6]6)Q@^KSYN'/R]H]N+4BD/C7GZ[HRV5%$P\O.H/+Q]OU+9 MU2S_L/AC37:O]9PZ09.]>UBOJ7R'ZD\K6M#MW_##/^D7W?6RG^!=#?R$6C>Q M5K42(5OM'4Z;4S7SUW[NI^Z<5X72^$U$04]Z)PE.]/5NW+ ME^".J^BGPO=#*; U=T3P0H"@2]2&4+/N<]J8*49K.+*/_7]?![-@K, M#4VI[%2;W)I'J $Y2 -B# -AEUU!@76!= M8%U@76!=8%U@76!=8%U@76!=8%U@W6VP;F>YLR4F0;S24$HR2E&<4N7_((J: M6"WJ83H38\EV8!(\7/O=F\'69CZ1G?:#V<+L X'.;U:3KX(;LH[2?JV7;+O+ MLW+@/4DZK3H2#J&+$- &T ;0!M#&GM$&[#[L/NS^8>Y^6\^%E\1GJ=;J'.GD M\G(2;IGT?W])=%9G["7[8PZAN(Z0(LP@C1*J4Z$9QR:6IBJ@R#EB9*TF?JEB MKK3H^'XRW/]@J/KBX3@;]X?9Z'A93.K6PTIJ/PW$WIP91O884@V:8< X_$:G M.F!9.WPKP # , P # , P # , P # /O( !O9,QBNPSLX%AC+A,8I M$C%1)B4I+>T9"(DD72M4]SI[!A@?V@,\C89XM-K>ZF^Y.9I=3<:S22B]<.XG M\X#EM:YHM4M3?%M@@:BZ SQUA%!-I):Q= Y+*BI88,IB9<',N=*2M""PTP5] MA>ZCL^;:C])&.^\]1+:M%7\.PO'7,;1Y19 WT"?0)] GT"?0)] GT"?0)] G MT.=VM%U.6-T556KEF"$)RA*G$;X\,^PP#C=:HCH5*C5 EN$F44QS9;FCR.HX458BR4E:"3-8R%2\H3"S*((?ST_R>='PKOCZ=?E&THE2#> &7 0 5'M(5%M=A QO#R(XH0+K;731I)82H.3N-*JK528TGTT MKFU?!::*=^&0.) @L\_3_#R?AN"RV9)NP>:^#@N"U/*I9$S@&-N$.2LMNT#1_<>X<*-:J60+A5*4-&6:_XP2:V5,*E$W9A(E$$#VE$!=R%+' M=7.9!C-O.A$< *#1=M" DPB(ZHU.(EGG95F9$"E8J%$6NS1U,:6RBB#3U!"T MST87."-V%T#&&V+W+4S_;#+/1J_N(+C>]_0E"/#@8NY[Q]SU03])-^WMI+L1 MBFI41\'HA-F88A;'W&D1FUB0I"KI1@4VNAU1,-L.N&O"H*U[1#=JTWXIE>YG MR^,N.\H K &L7PS6!-7&%V8$L%.>X%N MT35+2$Q("SW2S3@^%$A=S68"M-]F=^<%>=F=^L)?=F=_![.6!U/%SPS_R@1=Y^Y/+?$<4_78)S2\R KQ" MR6^UC:]U:>5@I@,F:R63;6(L(UBLE-\SF*F8$\:$2&++3&Q592Q3DK&UMCJ5 MY:&VEIG\ZWS_@]DV3@DI#J'CX@RJUZ"Y@#C6TPIUNB('0"= 9RNA$^038#)@ M,F R8#)@,F R8#)@,F"RUVK:A-;QQBSAE&N9ZA@C(B51?N-+39M*GNBUDCVO MU+1!+=XKG'M!> I43-@,]#H7S-?^F+TMQO.V,KCL +RIP+<'P+>;"36RCK5- MG%!.6NZ0%%9;%SLEJNI/(D5R+16^H^Z#5LHX@*2 I("D( $!WP+? M\"WP+? M M\"WP+? M\"W[:&;S>R.% NEA8'3)S1";9$NUCPF'/&916PB*7#IHUN%# / M[-9-LE.G\!9F__=\-/!#.O+$$(CVIL$\WX/UEW=YXK#[L/NP^X4X=CBIXJ%E:M:3O(*GYVSR:^7GJ9V4>YCGM;RF M;IA[=G.5W[H]3-?OWMITFVL\H7L*R2[TU@4@ R#;-9!I #( LC:';'0PY?5% M@6KM++V_ZR3__0TY;>?^00T.X%W@7>!=X%W@7>!=X%W@7>!=X%W@7>!=X-U- M;8A"TZ4-T7+N$D6EVV Y18F679HCB[S^<5D\'0R[./["(4#.E$X I^'%8\"/ M M\"WP+? M\"WP+? M\"WP;9-6!UUW!'5("6TL0EI8::B4E+G2ZB"%H@F[:W4H ME;-?"]VLUOB?871X5E'ORNXPB.S?)Y\?7G?'IZD4WS7;4)?<2T\)TX21[!. MRW0:)V1"2>-"%8@['8+-IYTY;?"*7^3%A=Q?N&6,W8^Z5[M;#U@#H F@": ) MH F@": )H F@":")1M>C@]VI&PTCHUY7'$RNOX[R5YER]L!:\\A,VU_@1,LZ MN-8YS44BJ%8VQ@E!5.NJ^W;R'E +D ^0#Y-N;\K3 8\!CP&--21<4T3I\$ G.8FT,HU0O76"G7 M5JAKQ +$>P33@\ IB$0$+S%$#@!- $T 30!- $T 30!- $T 3;0Y$K&]@8C& M?_T]FP^_Y[/H*,H*E?B5--!U0U$'Y@=[V9WYP5YV9WZPE]V9'^QE=^9W,'O9 M9*=,HEHK]::3R\O)(!1T/K^>7T^][!L\/L%K\I)$G)=L^H-+V$Z/X2M*WK?$ M4TAIW5E8,84Q2@Q#*-9.Z=BDN@J*(%3$Z5U/8:TDE3[#)QR$]>5US,*7X>SW M6Y[!)0FF%>4]'/;5X:0=+M$N"N2W-J@">H@ 9KX)9FZA"QHP&3 9,!DP&3 9 M,!DP&3 9,!DP&3 9,!DP69-V+$;K C*)(]PP;(53_@+#&"55<@]-I-&H978L M,#JU)4)^/4"EO;9Z-YGF_GE1_D?_(AM_RY\RU2]]->2I6*4M5$)O]4G\Q'Q; M>R!WX-SM.%%N=G()M3RY&$':F43IV$HM<)P0Q3DCVL8XC1%1NSBY*F"Q%:YL MSP^S!R6$Y"XKW /0M !HV@DD+S_=@*B J("H@*B J("H]I:H-I*C.>-US0-+ M>,QXK+$0B#&:QJ+JE$FUH&2MA' KY.A."KTMM_9L9M1N>\7TMI1UV3.K]U-+ MT &S.)=U_3^9)IPI;HVF2E-*$^6212$8:>+7&A<@,G.7)-A::>E@W82 J(>! MJ+HNK4412ZR4-B%2.,V0$TZ58B82*DGXVR/J8=M8 5 !4#<%U'UOUMPPVG:D M_?IS5J6='88!'@ > !X '@ > !X '@ > !X '@ >MF_G$2MA>;$U@B'C:.(< M5\9*I6GE3HR)X[0Y.T];C#*"M<,JTTY4[7"IP]$P^SH<%=U"#KSFSR&%A M[OW\8"^[,S_8R^[,#_:R._,[F+V$>H>0)][-/'&%ZX XY@QAQ,7B1*^&.M)4'1PZ9L#I3J3N>?@RT6@+.5P E5;(#)@,F R8#)@,F MR8#)@,F R8#)@,F R5INS-*HCE%!6&FG<:(02W1J-59QV;P#.2HQ>B07Z>V, M66!Y:F^\RCY8[6<_LJO&ZAZ^!/':?-BV]DSMP-&YYT2UV>'"R/)PT0DF">?4 M'R7"<.SQ4J2]#)]^L_42C%ODVGTLO7HC6'FA==J8<*GUO=D3R^HC$5##+F74)ELZ& M]A:J:C*.#(_9(TW&&_930)^+^NS=8K8O !< 5QN!"PYFH&^@;Z!OH&^@;Z!O MH.^VT?=&BI57INH L)1+@EBJ,64)=BQ!W%4!8%8P\TB1HK=6K$ +:@7*O"!* M#!JCO!(N6EWB;8]P4-2Q2E8K(M-$,R%H<,=@1F35YH0+HAOQP4!"]A;(K;7B M50>D*("\SD&>J@M9)$GLOS4\=8FT,2(:"5M!GA6BF4(6AV$()U@"Y 'D >3M MJ34'> QX#'@,> QX[#5E[+M7K7YKL]X'[FQG$75@76#=;K#N1OHZ68F!TU02 MGC"F91P;1941E%2N&BXL9PWKZVU1KCD7.VTJT4K8*[PL?YYG?J2+[YMX]LID M1L-Q?G21%Q"("?K3+0["@5_N3K?X/!Q[1)Q_H,A?L*7Y^[T/-#L<7V?5YI?4 M<')]Z1_2+V:QN/'NK%;&W/?CS*=WMG!MUMN9PY;?Z(X(NK-HQ;\7T\5CKK)O M^='7:9[]?I2=^V7XD(U^9#AQ_])/S7_QJ3\Y.*^GZ MI[2$GWSP<_LH93F26Q!X!S,+L>+,C^@T'^7%$7JDG?921IR8V%%,C& \165$ MO9;<)"*5 MJV_)[FC!$-41&SZO/FX<1*;1;31 I>Y2R E1/Q^-JE__\@Z]*SY[RNDO/M]# M>&?#RWP6G>0_HB^3RVQ-T_DQ',PO_)]^'I68U)^,1MG5+/^P^&--2GBWC ZI M8[(";3P4/%*^@Z@__;*XZ.YO^.&?](ON>ME/\*X&?D*MF]C3\4S=L334'/E4 M:Y*GXM(:-##[^0FZ:(HL6D4%151!A _3N'@(6TM@:[NZM12V M=N?G]/I:O,Q&NC72.!Y_SV?SPOP#R 0*S4F7.8,RP2@^)05LXARJ6J#-F)96(M@"!06SP>A/_8 MFN:6]GDSG/5'DR#PW!-4H XN[TFJ'F8[S0-H9ZC" 9RD + ' ; 07 FL"ZP+ MK NL"ZP+K NL"ZP+K NL"ZP+K NLVS76W:# MZ"J;SL?Y='8QO(J&H6Q>/GNHY-L!Q/=QI-02"'B*/=-+[)!44M'4PT#5"\T: M1B0%PU?QL-ET_MOGFHJ.*R)J#%EP#S6*+*V5+@Y)B&@G1(#/&(@*B J(JOU$ MM9$P@UGMW'<6XY0K9*E)B$0B101S1D3*4J&H;-BY_RQA9E'1/IZ?Y/.B(5OQ M]>=\>GJ13?.NRS><(Y!N #/@( *BVD.BVNP@4G76'"*&*N2/'!=3K;2U=J%5 MN]BQ9*U5YSZ8U[:O @O4"17X0 +-/D_S\WP: LQF2[H%J_L:+!#$:V-;DE"6 M:"%=BCBA3C%L*UA(#,8(C&VW'K:DL&9#6BGJ,:8Z;<8'']^AH@VIA1""G1)I M3!G1@ALOB(0:@T$;3KF("5LK+/@V:$.ZCC8]K"F #8#-7H$-!+P ?0)] GT" M?0)] GUVCSXW4B8HJA/DL$J$((J$ F"$8F9B4=4!8ZG_HN$XH6Y(_K0G&.ZT MZ-^M<,%/<_]#)QT8X!7;Z\,%B J("H@*B*K]1+5IQ_MV$=UFTK!"=55>2@E.(-#L*9F[D+6.Z]8OS841X"8CS9ZB9P"=%H!..T$% M3C(@JK M$+MO8?IGDWDVVA&:/;A8>]AK\ZE]W^\>FYRQE5 8@Q-*E633 6M"[!ZRBWV#*2>$D5 MBQ@Q5(&QB#6C+8F"WG9<8AM#"U]*I(#5@-7MI W ZJ;"D@ ; !N:QH:#8_^6 M2&,GJPKJPFM&6Q2U]4^\+# &7;@+(@ M@8$$!A(88$/[: .PX06R&ZN#\E4BG(QC8A5.-$9,.Z>J,"2'A7 M=.XV(E7U MI.9M$*S:B:PO",C$2+= C.MS?<8^MTD'A(V&C=Z[C8;CI>7'RX$4IG3#/_*!5QC[D\O\K<." MVVE":[4'$TJG@)'[$)BP^V$&0M>M&82S AN;J-BQ5%BD4F)#'I*-:8I3L19F M4-G]:ENUR;_.]S_J<^/JXI+>:LY%29QPJV(M:8ZD4F2!%7<4>X2 MCM>BQEZIBH/>O%] ]X+PL0X6!]F*@;)SP;;M]^!M,=Z^E3Z^ W X[YQON\J: M+9%-%*YK0RA!21JS&,LX-3@1+B:JD$U$B&U/R(&X"=HIJD MS,/!/)!50%8! MO@6^!;YM2LKA=37RN77.U0WL/\QN4U=4OTLYNK_-;M8;I^]]:F MVYA+F^F>9 JR#KH/E)T!PCT".@) UUF@:[D)>#/;?@!=X%W@7>!=X%W@7>!=X%W@7>!=S>U(1)2-V5(8TP9 MLT+&Q$EMM!:)+6R(SK@TY:VW(7;*_M=2'@+\!/P$_%S!3P;X"?BY*Z_+-L!R M"Y.T_[H."& ]&K-L$''P!=T FP&;NX#-(%,!WP+?[A_?;B93B;KOD$AQ MHATF)+9*>:DJ<0*7!6BEB_V/CL 9 $T 30!- $T 30!- $T 30!.-KD<'6[8W&D1&O:XXF%Q_'>5=+^/T MR$S;7]Z$HY70VM28%#,C,.8NX00;GE0&&8X=YG<-,H6G:;8TFICAK#^:!+O) M]IM!XQ;V1+QCI!&DIQG9FJ'F'JH#$W8K3-B ?/N!?(37O= 2G1 22Q1+:HB* MI22H1#YFG$%KO=#>$/E(^Y$/8]SC?'LV:H ^@#Z ONUZSX''@,> QUXC7H@Z M>E#J1!JKK4 LC:7C*EVT6F42*VG?6KS8O_[S=W4M!=(&("$@83N14-4Q/XH1 M:0765'@LC#5FG*8ACIK0%.F4)UM PM:4T&UE C= '4 =0%U34"=0#76IB]-$ M(LQ<8K%*N$[CN!3Z%(N3>!M"7UO$,4)83]/#L'U#("(XB2%P &@": )H F@" M: )H F@": )HHLV!B.V-0S3^Z^_9?/@]GT5'45:HQ*^D@:X;BCHP/]C+[LP/ M]K([\X.][,[\8"^[,[^#VNIEW^#Q"5Z3 ME^3AO&33'US"=GH,7U'OOB6>0B7JML(QTI)2;42B"!8424049SKEJ1!$ZK6\ MFUI)*GV&3S@(Z\OKF(4OP]GOMSR#2Q),*\I[..BKPSD[K-DXLC=C*F@@ IBY M5YBYA19HP&3 9,!DP&3 9,!DP&3 9,!DP&3 9,!DP&1-VK&TJ.O'6*:L2G2" MA(Q#.T:#+"DCWCDS.EDKZ/O&=BPP.K4E0GX]0&4?;/6S']G54X;ZI:>&/!6I MM(4JZ*T^AY^8;VN/XPZ_V4/*@=)JG=8V1XP!C &#CX@2B!*($H@2B!*(,I# M(6J0@@S[?0PK69(;_M1>+; M4LIFSRS]3RW!_KL")$9UQ4/!,;:.4LJ4P](1:E!92AXYF3ID7HF7$(VZ2Q)L MK:!UL*[1W2+JOG=3;1AN]Z#/JL1DI>:B2AA6TFD4ITB9U&+&2[?09SN[L0)0 U #4&_)\@7P / \ #P / \ #P / \ #P /!PX/"P MD16(K 0YQLY0@[#4%CLIJ>94+5H<4J+1:SV8+339X!XA'(PVC<;EM]8W>;MP MY&B8?1V.BMXK!UY!Z9!B56 O]WY^L)?=F1_L97?F!WO9G?D=S%Y"]4C(NN]D MUKVDK ZU_%CK25!"M_UL,*=SN<' M>RQ 9RNA$ZH" 9,!DP&3 9,!DP&3 9,!DP&3 9,!DP&3M=RE#VSBJ",VC7DL.)-8.UEU\TJQ)_"='6 5NM@*7 ZZL"1! MVXL$!;@!N($S$(@2B!*($H@2B!*(L@FB;"?1;:0-<$Z6VH 4.*9"I5R%LF>Q MY,A5:5>26L?B]FH#W13=6VZY@AJ1D,L*N:SW@NI*-5YF"4F%,'W@=FQ :T!K0.O.H344D@)X '@ > !X '@ > !X '@ > !X 'C8 MG2E(K$1',D>(4TK+A&(F%7-"EJ9[9 U"C9N"6F.WZ=&6-'-J)[@6WM$_SS,_ MA<7WC3R[7/"3ZTM_2__6Y$;#<7YTD1?XB@GZTRUFPX&UBND/QQY>YQ]H^**! M^:?9["+R=.AI>A0H+?J13T/8_^75=#C+!]'D/!J.O^>S>4&'_N\HD,KW?'03 MS:?9P%_QC_>G[Z.S:4&M-]'E9)S[?[/I[_D\.O>[/8LN2T(>1-D\.HG_^?[V MBKSY"E@_^?G-K5GZ@9Y[-HR^!SZ,^J-L-AN>#\,,9M$H&&8C3X-$YX%MBT (OHQG%^$7P:3R^$XFX?URXL7'XV&O_L'762!!_T(9YZY M_.47DUF^,@@_)O^Z;_DXGV8C?^\@]]?Z)_F77,_\$D7SB^%T<'253?U4_)#Z MX;M9/OT^[.3@;Y:-:+LO' KT@P1/O_S"?^ M\6$\Y:_%C<-Q?W0]R*-I?C69SOTP"FKP=^9_^$D7?!-]]8P<'I3-?B]>$'[^ M.IW\[KE]D'MRFT;_NI[,LX \_I?RBF@RC6Z&^,V0JPLW87?YV+]/->$%0_0GP5B*H&C MG_DSK\2-[-)3F1].B->:S1>[5.S:'_Y F_N'UDF4J-\XOO#CQ+6S2 MQ#]LYI\WNPY$,2L!I(*'%< (;_#D6.S@*DGXO^>>&8-T"O0H9J:+W MRIX!C@UQ? MQ]TO%(SAZ<.IJ4$5'W^4+_TZ&0V"&/OI[_8D^L_L\NJ7Z/3,VB^GO>CX)'T? MQ2QJ=?8K23R>GGSX>F_C,FL@=G\0G MZ7'\T4_.?_&K/3D[K0QA/Z4EW.2#G]M'*/_MV_@30OHF(=;PB6MW1F1[1 M-H8/W+4BC92R1GC,3_Z8&_H+:X7OYW!>9OYD"VJ=U^J]_'Z5#X;^ET+^F.6W M7K VC _1[0TO!?^^%["J)?S+._2N^.ROZB\^+W&_7F6V6,-JEV7L[_)F5;WV1,9N(9]DX M0U#V$T/=@IGD224YM+BX'!:BJ)=FO< ;]$9/+;/2:'#GQ]G%\"KZGGLA?I17 MTFKYZ'#MV'.PU[2\:)T'6O9R@:?*V3S(B:5>$*2S($^FGA"S\?1ZMGAX'F3?Z-MH\M4_<32LOCB?9B%'H1\J%=]6-+T,'#BM MTC6FI?+F[_$B;2#^<3$(SU:%JAK^]J/+IZ.;.WJ2/X3F2S9Y]LJ;O%_8_$IK M.,6]B""L7_RX8O&">;*WNH31P(O]07R_R+Z7>FIIVKP)4J_?A#R_++Z]M:?A MB\?V]9=PA5^U C3&DV4MB6N_^N$A7K N!?UJ)>OM7'_YL#1$%"]?O'MUA^^* MX6LF/ "F3@/393Z_F QNX=/1PD8UNT-=J[2Z1M#IY"(?+P3)>1XL0'\K >.+ MQR'_IL_5W='Q\?'1F>U%']]_?A_]]+PZ8GGN$G_>A8Y#QF]P@PT M#4JTQY%[;CPM?_SX.;S&_?P^*E]6S7:V"6:6QH1Z#28_[JY ]",( K5!Q:O= M+P:9C9PPDM5.F#B)J7&$IHFV)%&QT%PKBHPFCI'4K96H*'?]UV+3:['ITV)2 MG_-I$&N]6GF/8T;_-_MM-IW_=MJ_R ?7H_S3^?U/6_\VST_\* IO37\\^\VO M:+%9Y2Z5NUMN[H)&/(F=!XL#UU_A.?#PFC4FJ/."[OAI O\X@KRGN7YH!0"PH,K8]B2ARK!8)5W M5N97'#.KQN:KZZ\C?\XM_2"K]_6+91SFK>0[3NMDT!0GRBKC$JP21XQT<>+Y M3F,BD<),[AG?%9@:(#4K\71ROG)AB:(?/WMB:) =R4[8\>+_L?>NS6TC2=;P M7T'T.[N/'4%KZG[IWMB(0EUFM-LM.RSW;NRG"5B"+&Y3I(8@[=;^^K<*%P(4 M)5$200HD,1/CD2B2 *HR3YW,RCJ97#[/"[T9Y\8>DM>01I?)7?;_@B,/+]+@ MH5UQS?MNX7!SE]M4_MEOH:IG'+Y^4,S.9#K\-AQ[G"OOH.0L$(4) M023L_LZNLRY96FX(;.7V'KR*7RG*G$=S'R@,TNU\>G&=1WWY,%2AT#BWT^O) M*#?(Q:SDMC<->Z,7H;;A@0VLKN_V/96*"D]W_90AYIPAD(>OJ6>RC4W"DF(W ML@;7U7FH A"J;;-;[\(A+;GX2/)U$GA(<,MB)SP?_8K>@X:_BNOO/7[BW@/N)UDPWQ#K.-363=C MRGXDM[6@XU.[MP_E.1JYC96N3ET?@TK6,A11A8*K!_0M7SHRH?V,LR[/L_A?H?O(D]R*Y#?N7TWG:Q41ZOAGO5_W)CWR/ M/<_\9/.;FV3JWU1D XJ9*E*3^53C!U-9R^F!!TH@'LFXY_O?TZIHK]@#_[FR MB,9X+25KP+T"I_![][%M7FQ]3N\ Q9/X M+L635K8L^4L?C3^\^5H5.37HSZN$,B MO_@U_38+@!&+6(.5?K\/ MG7#Z[^'L>C6N_;R4TED<@HI#.*5"57/^-=O7X<%;UN&IWUREEVK=S/S+PKY) M@Y-4E.3UI\'^+YU.+I/LNG&>]H";M'0*@;MT4O;8#\(>^#E726O),PU%K! R M#C'"<0RX*<^Y0NRAV\HW0&G>H_2+SNRR=K76NNG'KY2D/Y4[B%GTUV+38?AUGE<_'J\JN>0-57)%)50.(,8YA(OH MM)B9GQ[;E^E!ZJVH9&<9XP$0PZ. &%GW\83<" .L\2Q(,"FLT[K2Z ;&JI5: MMQU!C.@AYC@A9C_R@\O7(/>VJ#^P=MC1>3+*F='E,&N-&;4Z;-W ,P%@C6<( M"< $1=H2C8C%1E8:UIAQ +89T.73U=.ESF%9GWG;2X*UETCU;AU4X;JDC%+N M(SI#K86(ABJ,F\J_K4G\U!4BEV UJH[;YS::<'Z MWW>M#.1M&%LX<).7LW]+AN,L>C>:! 6>AP;G.$)- 6A-S0B16L>8$1G'%!HA M/>J5>.>8LG:+>/3FS2\JR=JG2-J?69M+ZG=(4(:A#7EDR*& <&L\5&E$HY*4D&:UA*L M-'/O$J3U+/#E!6"M=D;N'*0=81KMRS099U>%SOQL$KV;S(/,P/OJ4/(!1[;K M4*ZQ?2"9(YP ()PCC&'M0J/U N4,=FR;!PP6\^-]>5* 3,_..L?..DO"CHIK M[?($\([!B,BZC Q#HP262,=* V.%1- W+6^N8OZ MQR"'.W]L1_X!_=I"4K26!L[RCQ2?>!]=327*;3A_L3_@B'=(5#/IX]8#/99_\35S3CS MIG/AOV.A]!HMI%[OG8%Z[DVS^T;?FBQTH^V8M[AQWM(WM$4=5%+LP1T>[*?: MZ)]42NCFJJC!6LO.O[GM^SO*<:WHJS#.RA7U:SK[$=2DRX:D0:-U>#'T]Y_+ M-T^^#R\+Z?)I>ELU'VXV&L[;"H?!N$WS$7F@V:I_MJH]ZS#OS)I66JY7H3]: M?L%Y:/%;>^?@R:]<-!EN]BR]KW'?>,9<8S;O8-KP_T'T- [V_497/N$^(-3W M&SV6>W@8J_M^HWV_T9?T&WT&@6BE;>E+^HZV5&%0K(/1/^>365BL%XW"0W?K M?/DNE]3[*U'>PFA:-MUN='WTZ_OW9#J^C76W_55V?*[ZN2]W)JP;I_N26U82<.%OP_3'SEWJ#MQ+_& EZ_^ MC38SX^K:'[+;P+&GBX[T#1*3S,)=#J?1A6?NXG&CU4W1;DO=$AYH MDO!8$\QUW1"JCC/#8$!^@#U)*[M^^KE9Y#'RQIU^='RH5!CEYHTEVB? 13B7 MI6&#*41:]=U7W+3TJZ8-YV.6E2Y06UK1F'=APF470Q_E?\L9\^WM:%B,<9(' M>Z&[G[?>G#>?1'Z:?-!_DR[3Q=%P-JOO)1_-O#]B$II>^"_XI=$%R<>0%>5= M]$QI-#$8YJT2QLLS_;5HP%DSVB1,?#5[>6N%X?1B?K.(#@)@A*L/QS[BO9T$ M:UB^A/+:?M(;/2;^2.\*JR\>K_&7D+2;W/A8O&XLYV'5>Y-_7/^G MR[S'3#F,#4.97*:CX@;GMT4"(+D(&05_.Z.RF4[][A)6HV243>JFF$D)HU7' MISJQ4'_2#^"--R@_Y@O_7>HPY=U@Z,WP)D^ME1%+3-"3S6:H\NS',FT!A]Q0K;6C%0V"4.%&VH; W7>\[%-[EW]-,KLW5U M?\7Z:1O9NB=GCD%@&&? 6[&EE" +B:WNBG.A&C-G-;6QDD(A[IAF !!2UD%1 MX%S\^HS;2O*JI8SM UV!LKHM4(X9H5'B)%\@\LY@.6 TN_H4R'*Y&-9&.[!A M/<(%LTFF11,T#U1^!4O*9F9)L;$PBOP30)XMD3V.LEC8/.]LB2,H3 M!C#T+ES\"S=K& 393X\7+157)/)@.@8=[L6.LC]*6+6Z4RF[DF\1+WUV\3"E M4'G\7372C.YWZNS*N8Z^8=(VC>"L6C%5OF(>>8G\<CM[*=_?P=#,GI^V_E396W,QKUMXW=Y8.TC;L]6UVH M=*.!T^YM]M?)^-N1@].Q3OWY]61Z[ M3-^:^I;YM[1'8+'VPJ^-N+.,%H]&; M38?,YM=A\G4XRHN:COF05=U7OFP'W[>?:OW$Q+[6O3,(&$LA '630 .-4$+& M CBB.'< 5Z>CB, Q0H_O.^0P7<6919BYYJC30WGOS\/LCZ52\X7]ZG)WNS65 M#D@&6)+C[=34*>3KTD&A'NX.&^Y0W6W/8.PPTY0Y1V+A!*:V4@F('1(K*@$U M9%7TXFZ?((\,&,(]XO6(U_=RWJ->SA5N$5;78TC&@(4HM./CD'F2YDI!.6($ M9"N=&FK<:1P2NL?="@#S;9HM+H#0,84.\Z@LT1@_[^*E2CJY$H_E:TECR[&6>VJYWY^-G?7 M7A=Q/[G#,?@@!'6]K^*$0B*L4C%EF@MI,*Y65R[P$PG<+60TMN"']Y9-,9"@ MS86S=\7>%3=R15A+D"+,D'=";#@VD#.A *RT,AQ4&'8M2.]7S=Y5C\E5<>VJ MA"EA8JV=4,HR:XA4C!)L86RA!.")XU9O%Y-N?W&%O,W-@NZ'GOM>ZW'_1'C? ME675Z6GM])0[:"$G,13$"< ,I;;JRF(H6FDTM?5:AW+^;#E]W5Y^NY=BZI1[ M=W7!7E<+>)!.S^L")T"@Y<822SGS=-P&5EXX/3)6HR=R5%O<\6_=\>\OY&# M!=^A>'X/#CTX[ LXR+H<"&M%@(X1TU!JSAF7EI01.V9<\ZY%[+O"#]YJF62/ M'3UV' 9V(%AC!^ 4.<-B2 QP'#(E;*D8[B'D@;:U74@A[ H_R''CQS$=K'_! MU+75@F'_*JR?.PQ[7FF-"*JK?B",)<<<2H.)H\@*3@6BTAE.8*R?R+ ^.]G2 MR3,A:_L&[&6E= ]4/5 =$E"QNH@)0NJ@9C&Q7,=,Q]9(%("* 6DXU4^4)[XH M0=0"6"$/5K#5JL$>K'JP6A=A[3L>=05R1%VSA:V("= (L!AQZQCB!BPT&IE9 M:3:UO;13"ZC$MACL/3#C/>KTJ-.CSG-1!S_N_$P3PK_/MQ8J_'I)('K9W-9KF'O9W%W:;"^;>[13W\OF=F7N M.[:.];*YO=F\9BGI97.7Y3UZV=S7ILT/7$>2@4;QI\&2*XR,DJ%L@!-GRC9Q M$!)HU*;53:([0D50#C"#O8AD)Y"O2QN"/=P=-MRA6L)-:BNULA))R5@LC8&Q M"S52 AJG#7ZB8.'Y-5(=@CP\(+@7"N\1KT>\XT(\0FN!$"=6:'4(%(EHM=JBFV[10V(/B3TD-B"1T::\&20^X*6:.6<1 ML;$U!21R33!]Z6'I3>K'.@2+: #%$4?''=V.;"$/>-PROZQ1KDXY(Q9(0K". MF;3(6:R"6!H#Q/_WJ>BOY617+UC8EZH?DP_*AG:9Q!@K330WSL:"""A$GH%! MU%(G6Y'Y?4L_7)'YY:WFG'M7[%UQ$U?DL*$HAH0%6AFI*50Q,@H9$99#B2R) MXYW)_';(6WFKO2QZ7^U]=2-?Q;6O(H6=U!()HRG@L5;"F=Q7B>%(NEV>>>I9 M[EN%GOM>F]++_*[W>5K[O./2(8NY50H(KBQ%N%3\)!0 (W=>F]'+_/:Y]UZ- M;PM.S^N"+"B4Y(!3J:#! EDD/"O/XV.M&%:M-/9]>\=?E?F56.=7M*/SV_HAEEXZLP>J M'JBZ#E2LT2C9:NOYFE!.&VJT1L3J'*B$E$1(UE*&J U:A0<>1WNPZL&J!ZMC M BM>EWL9)!F):6B> &))-':R/%\L!+ .[RYCU0;Y&B"TO4"QA[,>SGHXZR"< M-:I7"8$& ,8ED$80Y\-"79ZF(Y(HL.,D6BNG/G"[Q^'V$]+>0)FXA:?YQR/_ M>0_&!=_!]@:.K_WZY3J.KH$GX/=$BI+Q9?G"J%;[R5]-+BZF<_^)],_; M=)SY%R=!?2]]_D@L8S:Y_7/SL=&3&_^)N_^7!>?-#=T[<_ ?_W_%L_HQJ0?! MO^ER&-SOY)Z!%LYYYL=G.KQXOMPU# #;5+#&Z/8A >P7FUV8V/K9_(A/LODT MC683_PCWQ(?";'Y-,O_4?CZRU/__17(;)!+]U'Y/LUD^#"?1\F&E'.L"%/FI M]=\[G_F)_C__47\!;QCCR4V G=%==)U>?DOSV9^FE_.+-+>O0!3\7Z/I,/NC MLKGZ9F^2Z1_I;.F>_1NR=/EV&@\8Y7)5_CG&_JU7]^K7\AO-[_/A6[N83Z?I M^.*NOE[B;\O/3W0UG=Q$%QY!/>C_/'^WK=/)'_ 0.^M$J*B!&LK8 A=*9K4DPE*Z4CYWGOKY\C;X M\<OH1Y)Y M]QAYR ZX6(UL>+8%:"S\_R0ZK?WR#8RI+LNBBFL.N'8\9A9";C@J&RQCQK%> M(7X;&M.+&Z$VQND%NZ)/VQ0<^*?;CDT%T-[V[#7V=BQDSFEAO/U9216Q KAB M]A!1,/9$X!W"Q%>><5RD[R,$?*%[#(PQ!Q6PY.E_J8>1!NYF86& MJ1QXL! MQ>Y#&/F9/HG4 MF8G.?X_/3\VI^GQJSU_W)&QG#W+V\8L]C[Y\C/3'L_./OYX:]<6:R)V>J3-] MJG[U#^=?^,V>?3DORR+?Z0)NTLOWW;.4Q9TL0>!2M+N\MIJ"&?W/EY5BC/,+ M'W'-1TO)M7J]S?[FPZQ?)UEV.CZOEJF/5ZY:I#ZETWP=]8S]B[]6/)I<_/%3 M3B?"K^?I*,W7S0^QEL@Y@SW%D YH!R3G!8N0G%&F/M1[M 2 BE6Q%$'C$2< M@[C,$Q)*.?PI2OTB?AM@?NHI1/[4S97A@:M3A2&R3%O /?VD6FM'JZM#J/ ' MM&9]V%ENX,JOBI,?(-5,%[A_']6MGZ?V* MY3HOT!4Q5;$;*=7.E@ >\HG3'ILZCTWOUH$3)@MPB@WAVDAHC)8PE@P06X$3 MLH2T DYB]^"4^6'UKZTK&I!X%SBUZL&;&$M;UO](J-P#6P]L>PMLM 8V8Y0- MFQ0&44)CQY76IM'DN:W_\^I@VKO;9C==YL:R] M.&SSQTA@*J&@ACJG :8$.TVHD306NXY'>M7MEG(BO2_NA2\B6)?Q&.:P8%"K MV$"#N7!0Z')%U8ZA)X[[;8="]XK:+SC.=PS;*6TK:A^?1AY"N%Y[F>"8, ,< M-][G$2( EQ5^V% ;O]E&Q=;U[_!QZ]]U"B:ZNJ8?)#BLBZ\1K=D 0=(:(SDW MW,26Q@@:4;(![!QN):'VFIV"5M#A.5$V)-L3U_>-[CRM'B"F\<%C * M4^_ZC'!C);6*T/)LJ8_[D7A"T&V[B?K=X\%1AIXY#( M9):,-CC^.[]]XIF?.*7(;V<59KV#853GMYN;5TOZ3]W<$FU!XJDK85Y#Q2EF M2&%K@"3*AW@ D5A6I[,HE*25%&MU3FWCV(SAG2IH=C8&.P!*U*/*WJ'*.AZ' M&_U4!8VE!;%DEFG(F'( E 47E!,.GM"Z?&E\V#+YDCL5M=P?DM5#4@])>PA) MC;:QCAH+)0):2*>(@DRA4J^2,J'$$PVC7AI:M@M)$K:Y)7Q D-2&4&7D_]/K M5"[^_5NN1Q#T?@I)@DK>:*U291 G7$A5)EDN;%#H&I2J!@U1P7)S->@?#,?+ MHH0O%.8H!0[:D:A\0IAR4*C\]W]+/Z_&3Z'6"))^F8?QF=Y]&R7BF MQI?VG_/A;1A;,\PN1KD8Y)-:(]HX9)TE @D"J>!(A/'*U3Z$$"!N:(T8CV!6 M.J*,BJFTBK.XB&:!9=B!N(#L7 1&S5Y\G16IDNK)WN09 M-_)*;9A'I^+)"7 $0"R!,1 0*8T2C*/J?B#63;$7'2L)8LYIS)R@$E@!9:EQ MS[2C:$7LY97"0KF5+XFV@-M=B+8TT"J',?Y+%MTVK2"M1O3G%ZPKSU$9VB.U M%S]8WX;CXO:2^6Q2O5!0BOR5E@1AQ$^/YX"+2W#:2[3L82RVF&'^!B?G=W\4 MOE=MZ55;-C*@-U5MZ092=,,NWF3J'])>.9JZSP6'?>N3G'O8MF:#8YZ=;E?# MF> @%0T%?!^R8"LUY!@I2@VAL2XE(WG,I%S9YWPT4OK;=))E:V3*'_UP?/?E M[C9=JBQ9_*VU"E8ZD'0GDAO=[%_3*;SKTA9&#W8'#784U5L=&E-GM-1.6Z4A MP(Z7"20F('1P8[ 3'0([*M?*^A\NV'4T,GS](9[YU%M$WAYH?!E=^0E_7!CM MH$_@E4[-ZK8KR"+KO1@3$T.@@8"&E@=R&&>:\#=C,(LY\^]SY8RUYM]XP%HE M,YVE)0? /H[!(05;."2V0%'"+&5$8A'V.D"IEL64D,J]V2J[;83J]F/9+KQ@=A]/'ORM#=+4'NS1@K9F-J8$,D-DP#$L/1F*6*S4K&XL^4U M;#?.9^FTFL;3\2P9?QM^'14=P%MS;"@'4NQ$*ZJS:_ AIP:.VL]1+<"+N*34 M&^8&U4X]Z/O\Z:QX1[TG] A)$0[@>$>=9O1-.4&Z( MH'$E1\-B)'0KN?$67)C0 =N-''-GE^,^Q#Y,;X0 U,4V@%@34ZT0M+$V,/8_ ME0<&N+1"MA)CM^&.:"#H3IH^='\IW9M(.,M^CM3%Q?QF/LI/:EVFMU,_H<59 MFK!IG-Q,_ /^7_["$?/I1X_&5OZ*:G^U4$E+,+(8$V$TL827RR<'DH 5;=?& M^)O&\/N?1VGXP;NP:LS"H^Z]M846XP&D:(=<>7].S?;Q\I'X-ZG]6VH.K#8$ M.@L4%\"H&%?TF *TD@3;HG^WLW(C,>"$]_Y]&,$S;BE6_O3@0]8&:MT0[$.?J'4XR62CWX2B"#BB+,?!(95R9GJ.Y^4U(#H=C>:&N:I%$V4_GF; MCK,@'U0D=&:31Q0UHA])MA#5>*5?_66-8T%0%]Q+$&,IE130XAACHY6MQ&2( M)O@!+>KZ,>]%2)N)HH*GLY@#+-G F_PZ[WKQD U>.]JEPY6>F)O491"'RL,BW,B;]J+@NTS7FY M2Y-I%J7CH*Y6:8442P&&@RB@2?ZOR TDC-L&/C]-L]L@_/0]'=W=DSL[V)5E MF-7J=?-L&)2?_(QFLVD2'O!#>-CH)IU=3RZCP/;SOZ;9S-O6+/]$>C4?12,_ M9+E<7/AK=OP*GV\DU,VG?WC:9Y8XA*&U& .N.(?.:5;R M! &T(ML>X>3/9XTP;WN$HQR53J*'JU-S2MG]972BANC5/[KLF2+>*V4HDVF8W]WV:=T M>GZ=K-%--)!2!)F%1%//934D!%>R?2JVHB';%S;JG1#$(,LI(4["JJ2. JD% M?E(W<>UU5G03J\>(_'-$^8-L*IGXG'O8Y!'03\\WFX548;78H786NSC)O*6D MU=AY#(FR,'9A]?(F>&&_#6$YPW]03#?S3X8&&L8?'R7IGX%2N_C%_:YK-LYA=._\TGD1F.YN$] M:^^G]OS9U#NWAZ/BHI7K;WZ_>8'Z#Z>U@?!+9U4P_P*?WQ[_8L^M?DYO:7 MZ/R+M9_/!]'IF3Z)U)F)SG^/ST_-J?I\:L]?]R1L9P]R]O&+/8^^?(STQ[/S MC[^>&O7%FLB=GJDS?:I^]0_G7_C-GGTY+T74W^F*U+SOGJ4L[F0) E]%?,\O MKM/+^2C]>'6? N>LR$=1)1_Y$OC"D[08"1^O64N-(Q()*R !"ZY'N&G*B3,! M*0DY1VN5IOZ-8D&+84RU75&S;H&HOH1IKJ[>6U3!#@F2\<5PY$E-1=$\6*#WV0_;[(J-=Z]M+_906WLEH2O83"3IY6O M&3H8Y>OCD=EN66SYF762$':I4')K2KG_D\<3=BF+WBMN7V:#$'NFM[,&- = M[X6X7V%CO1!W;Q>/V,5#*MV]7?1VP5^U_H3^SONN3':V2/?VF&IEP72LM.*>0^7^MT!*&GUG9 @(3XY'J M1-\_5R'"&L6_92T-GPK1#C"$'Y^WC5XIW9FF MEVEZD__F9SU8UW0R&H6=I6&(JM/LJ+4L'SW(7SHUX8UB>QAK@;'$.N:2*JQ% MJ3B/I(V9O>_4?FI.\XD)?JT:L_)EX\F-9BZ.QCC6G%$.-99& ^M$=6@3,;.2TFC#DU\67V1^?/QK:T\ZM9H MZ:HB9>^@A^&@Z];:1G<7B306SCD,M=92.H-)J06!,)1\Y5AU&Q[:&L^FO3C. M*\5Q#FM;Y3E5]+W*1*\R\2 :0@#K/1A.(?6H(AQ7/N0 ED%3ZN@# ZE23\+A M5L,*3 8,M=K/8O^D)?J$9X]41XU4N-Z3,988YE]P6#L(B9&PVBW&*)8T?BE2 MM;F1JD>JHT8J6N_1$&FI-< +8'C,?>05:9S/;]R;.40S#JD M:F^;!@XDEL<-5*_9JNEL1%@<'7_&N>X-%B%!S05;Z3NP MJ5.N$.#-G!*WVQRHFTYY'%LBYA4"/=LN2CJH+F"5]S>4!P$VTFJHM(JU5)99 M+ M=O*!]0,U*(NY![R]E'58@0%W^[SR;/=!DI&W&# < [;+&H7N1\#&G['IG M?\K9&WVV"53^,24B<)]6.PSD1J%=@2C&2,A9"D%@QA2 T9=,-X+BD*TTW-G?.5M/=?(#%3@OV M>N?LG7.[SMEHI@UC&?O_":IC19123.MRY0124;JB";"Y<[:<]O8+_E$X9S<[ MY=YWWU*JE-ZV(NS:CE#7<8Q'/P:]3?0VT=O$D^-Q4&F41SO,;.<86:N$[RT+ ME_>'J.)&.TW@"& $"@AI3 FA6E&X$*_"9FWSJ6?7*\ZSR^HS34Z*GMF[$9T( MVB(A[8/!/1*?ZMU],W=OM"ET,0,2 ,80G?OW?UHW)W(NG=-S(V.E<*QD\QA!I N"Z*1D,2M:$4]U]T?.F2TB;O# M$RD.P=V/J([RX6X^W8D1]NS4X_X?:L2\T4J6H^[I06MI.XHMU$=^=*/#J=K]HW:M*#RJY!1E#I0:4'E4Z""@&BSG]R0A6DC+.8(4<@M<"6"1%A#%FI MHGD^J&PA1MJ):/;;!D]_S4.'ZO56OGNE'_=?E[K/ELUID]Q*LM@(8#""-):< M,@U4K*3@4CMDI(L!])?X:U)]=6.>I+-LBHCD%Y^2NY"<7;V9(M=C:AS"EGE MC#-*D-BOV6636ZP=%8T6N\YR2S35D%"D@:&.\G(30A#(&"R\*^]PK&8OO@Z\ MWZ'W/$2C'_(GB9H/NV(82W:TOJWO<^YDDP=Y75?@+9N<\I80>FF&-K^?TVP6 MS"7*1S@Z'8>.:>' Y:>1O\R&?;>WT-WXP7O7D^MT7!" LIGX+$VGV2 \SLG# M3_8N=#L^/_WT/KJ=3KX/+\.)TLDT[X$\S+)YXM\=3:[R2Y0'3(NO^3T<,(W> M?3[_/7L_*)(DT>0V;X6/W#U]QSTEF,/4>VF]G"KFO.5"I@P3,;;8 M&%V= (,Q6ZE[JS&EZ8AJ.DW&W]* ,?'="NRH, ;+Q\+5?'8]F?K[OK\0GQ:( M]X_R>O\(TW7F[T#].O4/G.:[\]>*S3Q;AG9ZYQ8+/GHXBP,EJ%!'Y^1KE6+6T\+]X8A>'(JZ6 MI 6ANS-^R0*3O-UXH<_?&YA:M[(HV0Q \$XA^.+ M:>JG+/_D.)^J\(GRFLGW9#C*,X3!2Q8>LG0M[P[SK__KOS]\7?ZY(GT8);?! MQY*1M^_9Z^VZZOQ;^#F&@ZC9L_7%7S>(@@]'/X:SZW",_+:\[_Q>__2S.4M' M=UMVPL:9:V.EEE00IV(H . Q1&7QJ4#<\I5C&PT#+MSIU$_)6E?*W?#+W6VZ MY PUQN7?ER.<'YM[3O7V;OB!/M,+(3M9/4.R;2^\3BZ]%Z;CW#D><,,]'*V%DQO/O[N9\+_G!OF>#*+[M+PAHO)MW'NI3^2K%W[_,L: VWL M0B/A'+9$VA@QZQ"E*B[/"0MFH%X)NM3(D\RD*H1>62[LG^'']-%L<2LFNYD! M/B["]W301]" (S@ 8&T^Z>6VEW0'/W/JXE>1],\ G84%^U6H8:XAR7//7O.U MQ4]W2\!:14SWS;9.0 H4:Z%C%W(%UCBN%(,+7(WUHGC" ]K/_^6-RE-8'_ / M)YH= M/ F[:X_$,*\"0=>=]?B@9M>2D9"T4;<5/P:WO[S MT*]!PPO_'?]5+C0//4[TMS#)V8:A7^.9MA4*+AET5L59WAB;RZA'I1QT?+!^ MDXR3(D)I\&#_]J9SW,ZG@=K.JL\M*'3]B;!G'CC/;%2 GG\]#6'EI0_OO%G? M55^9.]#HSH_,,E'P/X0_SZZ'TQ#&CL.'LJ3^7.Y=_N?\L4XB,PS1Z=@_F5]A M1O[B/F"<3\.WAC<7?I/?TVTRO*QNN\'S/<](LNL<$SQ0C8O$1>'/X9V%1Q>7 M]N2_,73+J!%P?1H"[S"2X1N78MPE7I,6:_LJ+&R9K=!:2QPP+@2.*6%6$"(E M(X0OLE.*KZ@*;H>M!)9<>-J#?"6;9V_,L5]+<1@D6^$W@ZV;"&N(. - -2%, M&,H\+5! E2I7@HK8KJAAO-I$Q'&:"&);HL">=F[92E@=]F@B('!0& FYL]3; MABDU@P70&JX4W[[:2OAQ6@D4V[&2*I?[ZF_(F7E4Y)H?CISR?T5NCV'^-@"] M,OWD)V9T]UH*_(9D\O=%WN().KGI5L*6^:0+:I*SX4U> 1G^_X&8J4DQEW,U MH6HRGFLW2Z??A144*/8$K8B__[CK\"B%7$78^2"V_WBT]]X)7^B<+ MLQ*<,QD5#QT,/_S=N]I5.BS*1^<>7D;A&XJ/EI0XO:PX='&]*/WG?.@'(##Q M,@D[&MT/$-IV4W^ M@#5'S@GJ("J8V/PVWQ1MT+%1ZB27XJ[O+][KGQO3V7E5MZ M'D?VWNBO=5=$!]O<8Q.-V@4-F!/04 KM^'J<*CM7;A\%H]^+3=3%AM[:^&M= MY6_^KO8?VV=ELW]<#&MO[X=WL6 ME<6S7ZS]?#Z(3L_T2:3.3'3^>WQ^:D[5YU-[W@H'V>*#G'W\8L^C+Q\C_?'L M_..OIT9]L29RIV?J3)^J7_W#^1=^LV=?SO_U_Q,(HE_>Z4E9WOV^>Y:RN),E M"&RAK!UM5M:.7U#6_A#_;&&TEHCB$^M7)W)Y MNMJV9R#;S+YU MT$#X@/$M&RST?_+8(B8XG 86T$@#C/7(626D)>8Q M!XUCBYH2P353F ,#8J.@L;9:?"F@_/ZYP\U*4+>59KN:>*?^D=< EAN_LSQU M&#($8>J&L[OB8$'^EDDS;96S7OY+]E"1[[M"$,A[9E)DS";SS%M4]O[G%Z0> MGT.-&Y]?RK:">P<'P^_-"XR#_XZ6QQT4A]2+@;A(1Z/RK[G#A]_]C5]4OS\P MT%^&-VD6G:4_HL^3FV1%BN FF7X;CHO;"QG(ZH5"V2!_Y=,5X/$'X^C&ZM^'^KDEI!U'ZYT5Z.VOH8 ;:^WZ- M.6W:8K2=H6MTI%^]Q.ZMK]!U>,@==WPCDZOB)HH3\6^&?"^8GK>"Q;4=0([1 MCJN&7AVPY+*GV)O>0[Y0%&-ADEG:@5%QH:+AOT)%PY&SFGX9ZI>A?ADZ4#ON MEZ%^&>J7H18"R7ZE.2IK[!>3?C$YL,6DFYV.M]+ 6$P9@#IETL9:E:@8RUAC95SUY]&L/^ MVQU%:YV =G?M=-Z?8"UQFM"[]!B9FD@B .$+*2$(YJSI70"[P+G&Y M8H8E+!$@9#D?.2 ('O#-AZ8G\ V.QEWU'M[Y.XYYAHLX[6R+L>"*> ( MB1V.+3*(@JH+.14Q6)%8W!Z>G4W*0IB>:C8P"ZQ*H/>(=>R(U7/-P^::LL9G M*P00L5($QD9Q0)&(79D# ((!\@;XW%/.YU-.?,)0#^ ]@!\[Y42P/CG-XQ@Z M@95%E$CH"(NKWZEJ4F+7*K;-9]DL&8>1W#W;7*!57N6;%_FZ MR70A%]45Z@D'6.ZD07>/77N%73WY/&CRB7 M-8JDULIZ"LJ1%! 004VI<8$0 M4IJTDNA\%DIWBG/N$L W):#D!!TQ >W489CE:Y![AZ0_L'8.EO^MZ NU(V#O M"FB1AO2*=(I(2;!BE$,M78RJC"9Q#)E=[LX4I[1.'^\QML?:N)M0RS;;J7>6 M(1X $7QVC>@^8P>K57E,K!1@ABF/',X$X=.XU$!%A%' W@X[7DJ ]AQ<-J4] MX@2V6:338\P>!9M=P151ZQ4!RSF5(M8P9CRF6%->ZA4A)3%N+^6U%EMZ1O(P M(Z&PAXN]@(NCH"2R+C9SC$L'A ]JA/"AC'!*EL5F*/;(L2+4MBOHZ G)BP@) M/2%MUI[U"-,3DI>B"H:D+F%E4DEB@,+.R=!!BF-4(D:76,?^[0E M1$_P0>1?]^-8Y6YV?4S5:>BM*QEVA5COUD$6J2%+8ZH(BAT!UC$L=*Q@"5D> MPPS;Z7F=Q40=5GBTCNIDW@3\:T\"D]C%/O6J^VYBU&U!W"."A=U!M:Z2JKW$ MKG70Q>I:2:<,H1+[?YT%,8B5 Z:*TYSEX$V@JT\!O89W$7 "\"X@KK/1WB$C MUN&AU%J&)>I"0:>I \@B&<=&(ZTTT"5,P9CZWW<#4T?*K9[:UB)K^^#TI.I8 M(.JX296LXT&),-6Q 1#'D!,/4FZQ&\\QQ6++*:P%3/7\Z86ES*3-3?J>/W4) MG X/D-;Q)P+KFF5,N7964T9CJ+3!UB%='8E#S.X,D0XX:[X!BZ)H)W%;SZ+V M :B.FD61QN$P+ F$1' J):4PYE:KJE9:2*&WO1'861;5@:U ^'Q*)782('9_ MC_!PM@)=T2#]=5N!N^RCU1ITYWILZ'.4\' MTMXO4.45;BHIOPK1:%7-\K0=T4^RQ4R#851YVB%4)E-6UG=BC ME65<8<0#-9/8*5NI/VIM.]^;:U\Q;5-*QD[D3L[_]>BT;XFLX^-AHBX,I5 Y MH0SG4%@?=&+F5%48*C7G.TRWKV_/M:_0M4E[+M@J:/5\[% 0[ZCY& -UE2BU MQE+*8ZF)8 9BRI@J PC+>E; %A/RUYRYJ95(:J>EG4)I+I#R[H"7*B6 L<0 M&BPH%IP1AZG4S(*2>7%GD.U(EZJM =.>;#W" :6[W'WL$:Q+"';<- O7-9_0 M8@F@P"QS<_BL/XLSH&=Q3G*9DR,UKB$$>%* M.(T-D190;:&M]*LHY*P=7&JK&9/8WY+0C5H?'$(I1%]K=1C8P1JMSQ4DVD$- MN222-J0X8:-4D+[C"NB(0=L".6428Z ML!!ZF%DTB'30\3?KJ')8H+$)(\%]\X/]@(MCH"0<-.1X+:-6Q50)(W!,!6:Q MK'2:B%%NGYHQ[3&V;$I(Y EHLXZR1YB>D+P855"]1XXPD8P:@"&QUFI$:57D M@XQP$KYI,Z9MPL2>[#%Q>A"G18X +8Z"CV!65]=08C@&UDIF'<**:5 UAR2& MHG92)%MIQG0HL+(Y%6GU2$?W-W?Z9DR'MU&][CP_IS5D84(LP8)1H932E#FD MJ^P+@LKN]&394[JW>QP>M=&,";9ZT*R7O#T*5K67X+4.NWA=$ZAB9B2G!"C* MA. \IH OVIS$Q.Q=-Z8]!KG-*YMEFQO?W2NW.6;$.CR46DNQ9*W1YG"L8T0E M<3 F@DJ@\*+H1A'4CDC)1MV8]AAW-NK&U&;?W9Y4[35$'36I$H UI$8T-$@@ MS+BSD%JBXJIW'//#U^EN3'N,8YMW$8=]-\M#!:?# Z1U_$F@QF$* *'FV".1 ML$(8X=Q"=57\KXM2EW;CGI*@H;K.JL*=3>XU8QTVG2!W\A5II0PPD M!OD8D"@+%UN"5&J[[9-@G:53^[0I2$[D89^Z/\*C8'U;IO:>M[,QP3$MI(=F M=+U1=51II)N&]CQB)NO:<4-9:&! D3+<<KV+/ A<)1&/+3^J8FM@9AXS4V( 853J1AA.Q-VV9]AAW^K9,QX$M M!TMFUN7():J%:8DVFA$2Q\PX38QB)'9EF@ES*MMK,OG:MDR'DDO:H-X M;I! MU[=EVA^(.@KZ0^H3=,9ARZ'FL76 6V&81'%UI)]:UH[J_];:,AT*5&V:]N8G ML,T"J>YGMP^]+9/HNN[L/K0#D*S&.4:8T$ #89&R5BEE0-4.P$I%>2?:,HD] MUI"U3JZ7D?1N OBKA *H2)&\4>;I0B<"!QR_%#:6(J+(- &(:DYUJN;U& MH79?,6US2B;[*L]#1:>>A[T(SF1=(:J9D3[4= 020;5B0&)7I=N!8>TU!VBA M+=.^0MCYV*(AWS'S,0P%H:& R8X@0!E$.F#(Q1B4?@QI)VE[Z M?KMMF?85VS8_?",.NU? ,8-4=VA95X +U:+@2'($8T<-%9@PC"Q8R,<8+AWI M2%NFK0'3GFP]P@'O1DZL1[">9NT8K4A=\VEC9I@B#&"$*6*4*%RU,& *P'8$ M8[;6END@0&SSQN3TL'5BCO LSC&V94* D5J$3VF(8L&1@)@X8 G1I8XY$IA3 MVJFV3')_2T(W*=XZ"%G0OM;J,+"#UZ7FEDD>6^F9#+72QV*8B++5),:.8KU? M;9GV&%PV9#84]&V9]@5C#A979%U1SC C#C**!4%:"D@ KSB)YK'9X1&6GI$\ MTI:IIR3[ 1?'0$D@1(VV3%!KXO\AVL6:"TUQ=;36"B3Q/K5EVF-LV9"0$' B M^T8K^X$P!XLJN%;[MC0V@%%@"0K$Q'&GJN2MX)"WARJO:S1HNG;\MT'[)8#5FQLYS&#"*HK9$"* JKDV78*;W3 QI/">#N<7BT M4>JE5[KMBVOZXAH$15W#3+AC4"$)5$R%LD3$ )0L"PF/7WO7C6F/L6WSN*96.!E%@[R;$P,=8Q<]715PX@V%&M3<^I5CG53A"G M)U7[ %%'3:H0K.- P "3'!*B,;$<4XIKRJ6K6.LR^T#]AC'-C\0MIO>09$#%V$D72@FXJ(1"N'/QSEK)=8U.[=->(#O!AWW8_@A/@/7= MF-I[WL[&!,>TD!Z:T?5&U5&!D6X:VO/"2@SJFG$I<>PH9K$"L152 ,RKL)(1 M[798,_Z<=DQ[G-K:($6_2P61PPDL#P"A]GS9>U:8B&%]IE9X'Q<:24XLQI#SI42A" ..8@K M!L2-::E!P-8Z.!T*5&W.@5HMJNI^1OS0.SC)C=<9[->9R\G\ZR@]VM8!"/-& MJSH58^%'F&G)*8$".0FJ'4&"S4X/VCPJ7ROW5%=[DUP3V1K5>HD+]#T#]I:) M'6(M Q9U#R>%K'5<4NN,Y-(@*QVIFFQ"&>^T^=QKY&SW%=0VE54A)^VV0^E< M_<(QHU//Q%Z$9P34I>Z&$ FUXAI9K9$Q/,8E$\-4<-1> JR%)D[[BET;-7%J M4X&A9V2'@WE'S<@(JD] PSCV (88QXKI<%A'Q:0JC==0O44;NIZ8O21;QD5/ MS X4I'IB]C)8PW71/#,00ZH$D<3_/]%;DW @>)\T MZ]&OIVCWL8S6': D"K1&JDM-1VNP/404!<"YN:ATW3\MW. MO\X2C[75Z^V 03%F?@'UG[E8>KK1<)Q^N,XM\F>(P+\L>3=$U:F?-I\___5' M<M*-ACM/HLP3V&XWE2&,!SGX8]\##-(TT8 M/'BDZ=[U?D5WNMG M+_XX>8V-^3',YAY9HMDD\C%BI+S;7J:7D<>@*&"%=^3+Z,EQ?V?//WUZ/\@_ M'7 P&=]%R<@O75F4^A$XUH")DQ@1%T0G"'E-;6 M!_6B7",$(W&]);PQWS7#[,(#S\Q-)S>_)=,_TMDG[YAI-?YA-3C@XI9\EIHK MP.F96ZP!']#37'>UM/=?[BT!+W:5Z+*A[6(^C^6VP MXL2_^.?P9GX33:Y>:[>54?YEK54V>L0!)1$46,:6P5Q@#Y5*,()JBT4KS$6- M/;Z-U+=OT_2;G]O*$C._8%=&L-XBWYI=/&933_,*1 <>1-81BY=;E4?!)!_5 M**F&=8&$6?35@ZD'5(]4_HU^"1M>^G>>1%\\;H[S0#=861$4AI^6D7,^NYY, M_;4NPW/5\.J_0CM3_6^F2X_[2],@"V8K GDKIS+_Q4Y\?$_\%=?:7#O>;?L5+(N^"#28@Z ,A1S)KC6QJ'*J1A[H"-7 MGF[/Y\C,IY[_%L<9"Q^I[#E_4X7SN;$_ZC+MV"T4V\'9'^FT!M;+1T#06]ED M_NWZGOV%W_;"\IH.. U$-Z?RD1_'#Q=)=EVXV(>O^0!<-( T2O\,/Z?!&UNU MWG4$AC;V]XF6 $."D0#4,*NH([0D,%!"M$*KE0\R+D)\\O#B8(M'VC%!?M1M MMDEBGN];!?:V[ER#[=M)O=V "#'(!4X'H.::RFH][^?2W MD&(C'JN*Q=?3D]OPJ>]^E1M$/ZZ'%]=^R;SU+X<\?+Z2+N+]29&H*AEKR6IO MES)G/GJZ]5-21&:!.40_AH&UIM.;X3B$=//;\EL\'1@-O26$STTN+N9Y!/<. MOB]NJ_I >#[_>L5# ET)/W^=>,,*?[@<^O5]-O',PO.3=ZC\=+BU_'Q(6,?] MYQD-+MYZGW!_>?@R_@$;\:2_]^'X8IJ&<'+V4"R:?$^&HY"A M?NIB@RB;?_U??X'P??D'KR>C\(:<@WSW@>ZJW=S+\^;_%'GRZO<',O(A8$NG M]S+V*UG@[:3LMWQ%]P&Q>ZGO_-_K:?4UM\FW],-7/U=_?$BN_##\G(Q^)'>9 MO]A?KZ?E"":Y,V5,0.R)%^!&Q%2S6$H)E4;0NQ'B3,OPF61IZ)]ZNM4)V/T( M]_>P?K^FK9MZ8,=&?_R[/8O^-;FY_24Z_V+MY_-!='JF3R)U9J+SW^/S4W.J M/I_:\]<]"=O9@YQ]_&+/HR\?(_WQ[/SCKZ=&?;$F=\]2UF+G4^..@([VN^#X"3ZMZ5-R<=3#\M$KLG:/J>C0.GT M))ME?TO'Z309!=80>ZKWQT\/D C@( 9^#J$T@BJA8F5L22($IU!]:+2TH0+$ MD$A,L88DI.-9F7,G/GQ53V_HK;T._"E*/0>[#6O9=)Z&CKOPW1_O$4;JO9^6[VG^A\"2ZO3/C^M)=).FL^@BG:W&271>LY?1\&8XRP1M$BH+AK=)3BTG80?4 MLYQBO^@-MS81HB+EC6X"!EO@>3)G4CC'8J0@J>S9, 7:TS4JT_*+T&;^-;N8 M#O.:F,^KNYKW2UL^I[-R$E:"I<(O2K>H@Z2VMA4?"'0VWU<9F>U'OW842GPZ_SW$8C/RF1 M?\J+ZR(5NK1Y/]N!33X>Q9=&V2@OU8"&3LZQPY2+T.O"E@UY*.42KE3-FZ*\ M0#>>-QA".1#3W\)3>^-8^GLZ#>OMQZO\C\])<#]I14]'S."$;B&SXJ%FJ]/V M%W@2C/_5>^?YY&+HO<1[TMS?ZEVD+F8G MT=GDJPS?W*_]73P:NP0-?F\2G/XIQZ M\[P(^R=YUF)A5[G=7DXN\F+-03"&0@DT2FY"HJB U7E67,=;^_PB;9IV'AKP M7[)[UE667N5?'LQKXA_PKOBUW)?)\GVHQ5 ?-J(R![,-U")Q(+5T MBR(. BRT$Z$5C5:FG%IJ)'*DU:GE79A:M)VRB$'4W C9F ^TO/Y77/T^^QO[$-V'/5?U M% Z65M%^@=Q\@:2U]*@V$'M7LT0 B#0V)C;EN64&'7/PA1&8:3+MYIM4SJ(Z MNFBB :"\6\OF2P1HXK;$"605BHQ!&1$I<%EY2ZZ=X)2$CP2K5,ZQ/>B=5SX!]W]^OG@X>0%INM M%AE.H-%.VM!J#,N8"T.TE8AX(H?P_K)[9BUUUG9CBD?+,J?+&H^VJ8[,<^XEQ9W8E#[.S&A6L0_6"XR MDB=DDLOOPRRD6":#'".O$_^.RYOA>)C-"H2+DF_3M-A9R1,N_GU75\/1,!_B MJ_GXLLA[%(F_:G^FWKH)F9>)_X#_2[CVY5_]>Q?5*R?12V= ,VHMMA9PH_R@ M4Q!7L:/T/ B:#^#IPWKK/M[5";R:A(1LH-SY^=(HF]_<)*'FI\C1%GFNP+VG MY2Y#,W/K&7$XUYO.MQ M6)%&RZ$2*,Z]%Z-[D8Y&Y5_S)2S\[L?GHOK]@=G[,KSQ.FCBX!6"N@WR MHO/;1X;1C\8O3Q3B\]N97[Y@6+/FMZ_1"WJ5XE\WE=+^L@V5M'T5/I2 2IJ* MAHB!X8QC:"$%PL>* )I8ZCQV!-;&)J;-3J MX0O?4Y<^I]_:8VFV^*[YESS9FDUG_U"+R-R&VIB[%^1:GY891(P,(-R)@GVO M(]BUU;U'QJ-%1@GJ#6,&H,=#"*W"'"GD<='&)3(J90';,C*N[#%V!!D)'"#: M:I/L;GI'CXP],O;(6",CJ@O7'"9$QI1#8YDA#"IG;8F,,5.6;QD95S;C.X*, MF T$;K5_2#>]8^,&EGL2Y)M@B&5ER-(!NA#6;RI!O<<-O]< 1:-X&1'N)(X% M K&@&%/HB"N!(E3PD&B=/ M9:,:4V,G**R7LGWP\G;\B% M ZHP< 8@H2$'0GK^+^HTL=C"2MY1EN]7VB%@-3]F#R%DXXJQC V,; >#T&UTV>QJ=5'7@.M'0WP$>,#RF4/ MK2]IW=B",OH_'OO/\AVT=N8L6GW>ATZ(X?*L6SG3S\Z-^#E;B&9/Y Q05O\\VSU!$_*)[?,4MO:10.IQ^G:97X51C>KF01_%>X5\=WGR= M3[/R9.VK>M(U'N!QZ8$* EFMW,@11XPQ):1!)(:>4L:ZE!.-D1'@F2?%R[8+ M68#&)KS]]W!VW?S(VX?W= &4;$W3A!.X@I*1'_V1_^'5D@3RU6HB+YI@7O?7 MD'&,$%/(4L E $(C7>G%,J#(2ANW]B=XQT'&E MG%1*"S3E"#.(G17<<%SYL&=C6FD2(&=A M0_&$:@PU=#"FF!$*,*"P?"NQ4EBXF4@%N*]XTCV%V#6:%9EWY"R(P?N@X#(; M1#Y4R$(C'']7H8W-MV0X7GUUY']+V)V7@R"].0AR#!)!8B&+VN1*\K<1BZ$F]58=(K2^Q) M)?%^*TNTGI;L-26VAPE'.>F]FL013OI1ZTA\*DE]P@&8':I[*''R,/&2%Z?.HP=)D;(^M,F49A)RX@)8$JJ44W&)D9Q+ M#':&D1VM H-T ,$1J]QT- /[ZN?\VP-[9AL>_-S?@YT0-V2N,'166BBUH")6 M2D.B2%GB20FQSXHHU?=D. J;=MZC0A*C[$LZ3+-\W#^7P_ZW,.K[$TLBLEK? M]'H Z"S=.0!6ZC.;%,-E3;'9%?._VZ=][-ZP8ZY(.',OY;*<6FY%-14"[8Q0K;H_;_F M$[(_+%N"5M54UEE2[2F;F%);SO2B\SI'D)X\]Y)>-MEJV\+:5=%AEJY;N7#L2W>18< MM7,6W)O;:!Z.2 X7(@ AVWZ1#K_GIZ*3V6L;BI:Q2EE9E-^[-YI)H< 3!B4- MS/M!D857MS"M=!E$*>Y3/4867<[+@^B/G3R?7$7)[>UT\J#8T+!;0V"L"28ER:,<"A.W M-]>BBW.-!I2!KK8/H!9YIT'! I.@<=CU[#E&C MBMM'GEHH/XN84 N$T4R%.8R!P%("W-(<[A"5GCN'@FQG];F'2*OD<5GE,G^Y M8)GYCT\>G_[I:;JY'3*]Y2NZ#^C^ >[\W^MI]36WR;?TP]=IFOSQ(;GRP_!S M,OJ1W&5!\>5Z6HY@DAMYIK&+$?++K#/>G!60"$*MH%]RL=1(T?"9I/%@3S_= M4^?7=S7"_3VL#Z7:NJG\UV5Y ?WQ[_8L^M?DYO:7Z/R+M9_/!]'IF3Z)U)F) MSG^/ST_-J?I\:L]?]R1L9P]R]O&+/8^^?(STQ[/SC[^>&O7%FLB=GJDS?:I^ M]0_G7_C-GGTY+[>[WNE)*9GVOGN6TG#@A['SR5%'K:BN/3#($)U$KQ/,^YQ^ MF_O%;S*]T\EM4/GYG/YS/IP6H/,G%'*5$/JF>M_8Z\+YZ7OVH M4?,A5Q(K2Q-^;]U\S0/#-:OG@W[96+XA+^[H.0H)_1Z?!KN/V[J+J.Q\3NQ%>#R ]U=)U< M-F]^-5KZRX94^W&F+3A+>8-HH]!BA MA+0?>W)R O"RM8$((LM)BQ$]K.:MK M0B(W'"?CBV$R.AUGWL'R=MB!.U^,LW_4M1>?%Q9G)C=IEN=I1^VIP.*3U93Q MQBJPBZDLS#?],YP5#:%]GL^LD2,8X6ZGM=XG4 :;4#4#6"RY,40I7*JI, 41 M6M'VMOXALFRO9A9O;69/HB\E=D3^IB9!H#3LF)0 %69X=K?PW9OD+I<0_9I& M/X:SZ\MI\F,<3:;^[]GU0J TY'J&WD(*:5P/4_-1KH!['P3NPV[FP2[+KUL M<)*+]U96=NF'T:_ "Z3+@_0%FMY.A_XV_*V%QMXU4.?"OQ?I- ?5ZH[]8X;K ME[=RDH/4Y<1_22Z.FDS]FG@QSV9^(J=U^BIO]N^#Y%B#?E\R2TADF'L(+(4:4"<0)1Z^$3> M%?E]%ZL.E0>-;=VXZ_R%3\D#&8HF+6O!859S"FTY3)X)/#\_V31L:IW5^ !B MF:U,%S2UH@A_GW@S^\_P3XU=N66Z^6P>_,@;WLTP"X;;.2;A'R]0B6G-7!]E M%%OV"U+3=D4X=!;'7#B@8RT$(F5]-X?(^\;V&<4\3]?%=VXR]28WSO-S_B\J M&R;M]8@ )ZO]'[=*+2KZ^\!L-UC'*NG8]LS7/96PY% PQ@C S@#%K0]Z*ND- MI-C*S&^%=.QH\K<'IO?6OMS+<_90DXE9Z.L["N_Y"T8GM+IR +AAOJ\4%I/P M4?U;]S#Y]_]QZ$A19.@?)_NDZ M LFTC@8P=RQV%&K.,KI;3'",A4 M-@JK%<2 &@_Y&3VD:N+D1Q M.6[60'F>3K_[N"^+U+=T?'$7P.<_DG"IJF_-?_JH;!+].O'C6WXLC6+/=Y-Y M%=?=R_'5WUU/>$&4O=7X^/1;&JF+6:ATR"/$Z67^E?FM!6<9^;L99VF R.K^ MRQC6?_\BR;?J2GEB[S*]\F-].=AYHJS1+0U3:I4@#/[_[+UK=41>QW1T4[VBYO7K3Q,06!3A 0$:!4JM_?6;61<62)#$A06P M *3'HR'!0E7ER?.C%."6($8P%@ACBIFG0"UY5/8F0XM]+;%DIY&2KX]! MDQUEQ73NM/[WTH#*YY&R]]([,&)62,)REM'H@5OO\62B]O(L6YJY8R[."H"% MKYW-1OGUHJ08EDZ4TL%5>U2N \("JL:CF+T31UO58(W0'%8:UZSFO]Z7NSRL M,R^&ZYS-LG$0 >ME$U2Q<(FD),3'4A]&":6"*B(YH5 ! X(V\C@6_L:A,[QM MZ*SP&Y3= 57L&UC,O K".$#6CO+A>)H' B@$5!Y??LOC [.HJJ@YQ M>^?Y@^E:E?.[$*W3VZQ,8,W[I;L\%H[DT7E^=:]LW$[S8F[<.B*F5<6L!3Y% MK^-3O UC+0KV0-[1]+(,O$31?Q,W(S!-,7EV$$@[6QS85\4U @O5T8'PA_B- M)K>S&:T6O?GQ7,B7CY+R0?-2LQM.WY5?ZMW=QM]W9OL0R- #-R0302^#A&+M M/=5: $- %0&#@@CV6%Q_##28-7)MA=+VZ.K\7F-K/IM/RY6W9N;074REO<_O M'$\G7_/19=;[ZZ<_WGUV_8<,4IJ_H[P,O\RO9].[K]?5I?4OS+,H:,WVW,$LY)EE.PL?7H]M^[[?W?[SO_1R?8L[^^*503EIA MHT<'^F,F(@LCDH.&CP5%D#!+,%1.U)7)0&KVH!WA;X& G[/9S1]WLV /Y=D" M=\3I?7\48%Q=F!P;$#PX3O6/\]A^./MXU7QGP\EQ- 7Q\"JG8X,L)X=%4<.B5_=$SKGS^25U$:!F&U)Q]-R6*T MZ>G/D*2,*VZY@=P)1W3-8HP3@=U3+%9N>+'COGC[.A=T"."CA45FBA"XH:7RDT6%EAM_X/#\,%MH@QK M-*6[R3\FT^^3PBT1;Q"CYY?3[_>G:,59]^E0]P]X=,,:RH62%+]8O6"X37W+ MO':'%U'^\8_B_8OJBABY+\3K@@"NI&1U1N\2<\NZU^8H:4&[PC68GR+Q]T&9 MNQ G#\_BWRHJ/]Z>!ZIIX08HC9JP#8T.&FW@6@E]O/9E;\#)I\T_'G:W?=H\ M,\P+S*BBSE(/F<#(**Z@=]S$J')*FS_4=TAI\REMOOMI\V1;WU_96N'SX,\U M/7T&A2/.J*@((B>\=82;^K"+GKT%3Y^22G"J 9?6 >@)\XS4";N8(?+R3/E5 MSUGR])4KZ86EO-ZQM\[37_/RZ*?'EMV:VW4QO,XN[\;!Q"J7JV.3N*S9Q"J! M54TNJ]C+YUAD^.*.8JZI4AH#:;RSRA@#6?VRP@.UL*.06APNX5PR9;F@!./: M4\$HLN#QEG0OY!#U[+*A6>]+0;HFV;/0N*N_S2,3%L-L/*[^6D37XN_A MQ8?U[T^0,WH%\MYY]KWW:7HS6&J5P3.<^WVRFV^=C0/.[;^ MA6OU8H*PI7'/K31KVMF(Y_^,?K.>*TS/VF+N!6/Y<-I8;D^)XNH/,5H^&H9; M_%P$GJ9W>1#N^3-M?%L?!OXZ&G5O7KA\FFY[YY=#'Q)_;'SQV)^2^"+Q1>2+ MQ^TINCNLI05..5O7O'A75"F_)H!S=_L,Z0(%?GW!9\IOY^$DA/'XN[O=IB5A MJU-J=ZX*[GL0[1MWX\0 TXS(1>*;*FC6CF-#(%"<&\ T-7L&V$LI$][A6* MMZX!'$WNPBH_WN?!/'(\9'GM>MBF,G#MB; \]HW:RZR:SK;"/>8Q$ON3.6DR M=E!3#3) I!99!VRC M@*56H2A8 MSDCAR$X1V)X2#_J2M#EC9]7F)X0FA.X2H:*9J8 5,9PK%5MM4,"#(BMX=492 M!<1NS\CVM%K8!ZS-,[*S".UFR.0Q 1X\ XJ6\K:F9;G[*F6X1/^\S %\Y<[C ML/.7T[N8,_4:W'?4:;.55;^*/D?NI(0 -DX![;##'E &B-"">\9EE0R)L$:^ M#>GY^VA2](XZBZ'9+)^K>A1:?1=75,+^GLVOIY=-:>)30X';,TD$[U,B=R9O M-^&JY/;LFH:5Q&L2KZ\0K[BI-G6<$F$AD 0;PR$@B%;#W9"GS#U3R/!6XK4] M>Y/@/N=)O";QFL1K$J\MBU?:3%,(HE;)($S#WQS"GGD3_BG$*Z0:PC:\I^<2=#(MU-_MW#K:PR+\_]W_/UFH]7 AY5&SUKOBD>8S< M]+W*+_P,?RFE_/*_"^,W"U_']*KW3Q"])W4KBGYO/"W;_?T3:3XM.V$VWZ"$ MQ[:(O<&\;-Y?%'Z5?2=FE^]NXWC <'D)R[QPG\26 T5[E5ZV5"92]7GQ@5PFRM!TW53M9XJ=!CT2#Q!.))Q)/O$B/8TOGJ0;\QIR= M7O;G;>Q=^^$H\W6V1GEG_0I'X#Y(/)5X*O'4@?-4-^VJO60!%/625]EE-AN, M4]K]4:;=0\2:?D/:8 P]U0(J:K#T5FM]G\0+\5*(O=*N?,DAGP=_NE+%TMDD MNQIM-;1P7<C%@?H>4!PDFN)+F2Y$HGY(H4"],+B<>:&:4,!%99BV%= M=(3#WY8*ES>7*ZT%0JGH ]%JUG3GY$JG?(<[L8*%[ %!(":NTQE1IXK27FE0@A CII5&2%0@+6JK)93%H<*^F ^\SU&9/D\X> MY$=P7I\$F!8JWZT50AJ-C+3 $\FHDE7ENU?.NJ791-N"J35]F?&&NVI% 8@*^J*6(X4M= M(5851;9*N*Y@ES<'(>?"*8 EY4I[00%%MNI)Y335;*F#7FW:U5WX]ZA/HCY M9(_UL-VS_#J%\JX>JB>):-F"H*WB@@=0&4:66RVZ('DPA"JD)-,"LY)W?T54@Z?.Y?O"\_V MIV@3T"=LK^=R)RO&DJ:-'4^$5HEH'Z$K"F/:&W.O1C*BEVO"- =R:&LU$'Z%6 MLRX/$L"'X=YN@0 VN\H"KUT6]5,_?RD9[)>V*JD.S#YNOY"RLR=0J/5ZM. M5;+QKMQE>2!+^&S%8*0V"QJ6&?0U.]H65I\9+9SL[&. X8*M;"T#!"@M!8'4 M(JH JG.ZF'.(MP;#S9Q>Z\"0DS8MYP3#!,,]PU V,(SQ7L4@A1I9:"DS@I)Z MV @WHCT8;N:Z6@>&I%4'UN' \#"<5@=0MW-@AM=ZX&8+G?:5 X1 C2W2.*J] M2I)J3HFS!COW'+@?)$Z_I<++6TW'7+7=W8=^IQ#?U:/Y.&&]D.@15&8M,8-$ MR6"S6L,=,O50<@CDLV?VEK!N7X%&HM44KH3KA.N#Q35=3.!B!#&JA 9QTJ8A MQ*-ZK!C@:"F!ZY6XWH%&#O=2&'\XN#Y^!_.>JJ2Z#/%5".>T03@#A$&EI%?2 M2L^XH;2>AQU,\*6JX'MKN\RT?H-4S;"*4Y@0F%Q;QX'%E<>M;/I=*"V0T4 ; M2!UD5H.@5=?YTL3QYP-!FX*Q?04:DWW6*1[.>9M@?!PP7H%BOM"UQGO#!9;: MF:!].@.]I:*N1H0,M7>DMM=!"K%3.%(/PTU]*&AME4B'D%?-<:,V.ZHQ9,9: MKH37!C@O2H<79,(Q\ZS#ZPWT9;E/;!_8A*Q."8)#/;:/3Q"LTMDY;4Y[BQ!! M3@&F(:%4&NRD*R4!50BBI1YUFTN"]I5UV,=\GT9TNWZSMQ4ER5F>Q$A;8H23 M!86"QYX'@'(%K47::%3WFS6 RV>-AK=TKF/8B=Y$1R)$NNN9QZP=S_P?L^FW M41Z!$,=45C,NYW&^["Z&M;;J3>CTL./#<9,(T.3Y.0BA0X8R+$1LZ1_LJVIL M,<> F:54H+?I"D%9FUT35VYE9RVA(]!4DC@Y.G&"F@%#G%&,,>)6,PDCVF9[\"1.DCA)XJ0]<8+E0A"'68F\( HH@+VA!%3B M!&@&S)(]]A8=,WA?[M "ZY(X*6RCO\P'X67JS]O!3R#"3K.3/[Z/Y=6]^G?6R2=C< MFSAM>'I5?! 8K6?NYGE1>?#OTR]Y3PWGO9_K/X5??ND7%YKI37B''[U9-HR[ M>]D;]&YK,VPP[LUG@TD^*AX6^W"$N_^3>$]ZX27'\;/!O&>S87;S)9OU,.SW M(OOV>]^O1\/K<,>K<7C/XI;30*OYJ+3FPB^!F[.;\(=9=CN8ST:#XJ+A\.[F M;ES\G UFDT#*\NW#ZP2@Y/7*JA?^E_\A$.2_YA$ ,2K:R^^^Y*/+T6 VRO+W M/3W(PWW"D\);A(U:)$U@ZV%\3GC_AR087/[771X?'Y_V:.'CT>#+:#R:_^A= MS:8WJXG0FT_C1?C^HLN[65A1\;P\D#JLZ[_O!K-Y^$IXK:A$O.]]#G][^-B: ME*.\=SOX$;F[%P^Q7L%UO1^!3'E<8^"A41 BLRP/##3+LMZ703[*PY<'>;2B MQW?%OL9[S HJ-)9U<]O)(BG^9QZYK/!Y%/N1QW3-2,-B%P)!!Y/A*'!'7$?Y MLD_00!:[]_C3L,Z'$'N L.=MM5*:#B?YAXOA=79Y-\ZF5Y_OB15X^K=ZA_PH M2L?_#,3Y?3 /5)__J+_Q.2[U<[B]'D^'__BI$._QUXML7 +JG2">2JLUI(II MBX47JI+J4BK,R;M&GR10 J )IQY@X:2+1:"57]]IQ/7OSI]UZXVP,E!SSQ[<7'3>)) M-WY(*E J!X7@[PVS\;CZZ__^"?Q4_!Z6,:Q_?X)6GX-,RGOGV??>I^G-8$DE M_#ZZG%^''\,ZJ[-O& @TN,VS#_4/OSX^Y7ZZ=]+=>[[)3\^[\,I'"/+/O_ZT M= I7CW_A3^M];?V\AATDX&R?WB VY?/XA>*W[R7'?)F.+\,=HBCHN4E\BP?B M:$6\ K]!MM(&Q!IF4>3O@%R-5"U4A7NY>LH),P@@\-93'=\V(K'OD8^="-"M ML 1K-HH*SJ>@@]51O45])XJWCY-LEWYN*/=2)=/-'*!. MQ=W:D67PB%M)K,(L:I+TH(5:$XT$5X8"8SRTN(HP"8Z)W2UF/W^?[A*SK-7 M5/?1=P0J!CK%"4+>&4:<^&]A10Q22W!4MU'A*&6.\;K]2S;Z2G;+F)3 M[\(](!:?\$'*%H!)'-&<*L<]=01CP@6\;^^@O-@M,/WT;K93[;>/2)LY\MT' MX!&0'7W;K<':9VPO)FOW ML7PXD*6I?/09Y"( &N0"'7LR8"2(%0@8!%1UV$(F(9%NM\B]&/VYXX&V?'<9 M4(?H53KFVI#]ITB]G2#?2>[4:SSL71%MN'&BHU@/3SDED B!/*=.U&WBI)"( M[$ZT[=2N[U.PUZS.CFHKK\S/>N+>;YZ.E=YI>[YXE%H7?X\8'$WN!B5 BLO* M+SY>Q7(.K>]B[_IBS-[ICZ=N8OM5L+VMI#SCY_=1>_SQY[Y>'[Q\;XH^O5G4XJ;[/*7[G'*_9L\$(&/9.03 M&8P&.<>-HHPKY(2WCG!39S R",4[5*HZQ;K5?..OXU=E,K:7!1T?4Z8Q3HO, MU<>)LPN9SKU9]M]WHUF6]X9!GQJ,)G4";$PSSBY[7WX\F43?AF,8ZIM4"='4>$*EM*[6)]Z6=_QY[^>_?;Y[)=^[TO69-Z.RMS:8K!1 MN+K(5:RNKU*2;P=QJ&9O6&;?ON\5=VE>.U!G<*_,]FZ# 3O\T:NW++Y<-@IW MF?5^AK\$.F2#>5DTV[N\*Q)[K^[F=[/J^<5+Q=SNO'BMAV\SR\KTZW#'\@W" MH@>]83GRLW<;]F)Z60]@['V_S@I"WA44FH:GHU]Z5T&Y#3_F=\/KWN FOG%\ M3K5%-]D@#R]2YV)?+@QXC"G;GQ=2L:_#DV\&E]GJI5=_+2J&RR3NDB]B[GK8 M_D"^NW'QW2)O.[Y&N;3[)/>\WI^83AU_KE*NYS$EMEY?G5!^=QM!%Q;U;!)Y MS+F>3.]YKB!FF5O_^/46LK!KF@[F\]GHRUV9SEI1;>EUXTKOWS>;1 Y;2KU^ MW\ZQ4Y@%NTA%OA_NN5CD'>:$HEZA&B\X" MR^?A[@$UWT?C<8G-U^><])V+$\#ROIE[>YO!MF#Q 1L)=GL0YA6F"@P%+YEC=!5O7& MHW]DXQ_Q@TG!;O6K!_2/ YTO7Y5E7]?M@NZ_M\F%O&E!Z MJYY$O$LAI9UE]*OYJKJ'CD83MR= =QHR'_\N&US'7@=&I_ M!O=)B99CW?U.*1X/GM'> ,A@$K_[4KB/HC&83?+");"GP[23>0V'DYV %OKV M2ZX)-M1* 1B67#A&*M\XQ4+*9Z=OW#M-P@_U9U47&+/ $&IR636%R2^N![.L M\#@N7F"F^>-^,6>E[Z:-%O]]#,$Q)#F?@$::A$3'A,3"I$L%'00&6DJ=E4 * MS>KL3"HY1OJ-A(1H14B0OH2IJG!OBM>BX[4M=>13%2#HC:=YC)!$;IY\R_*B M>]0S?79/N6@"(2*:IF_(:^@0%M (21S5$*(*W!I[@%>"^^-M-AO$<.1O@?IF M,)O]"&C[/IA=YCL[V$D?P3:GSGAQ MF,]GHV'91F\Z_$?!-J\]: \9M*(!K04B*,6.@:!"4T4I59Y5I4P(<*87\_V7 M %M3WC6$_SCY6T7V3_=4+_PO?XLTW]D1"_L<'85:? *V\RE # /6E.930Q50 MW$##" G&*:*V.A<1-Y[O'&)M'946"$.D.M]_/7 MP6B2_Y(,T1K5*\9!(8P:6#N&I+ *6\,9P5XS+F35?EQ2II:F&3Q1\S;*\K_= M[\9?XUY\G'R>#>+J+[)A;)P;KMCAFH4P'$<@_$RSE,N9RV$'^2^@;?!:;D. M\'B;\9GN'XW'9]G>GYFQ4#(IN$M8)@OMJQQUG"@8[%>CA(<22E*WKV*$T6<' M&;^0(/$IR[/9MRP6I:GA<'878%A?\2ELR YM6 2.NV5KIZ#=61GEJN@/\8)B\F+T9\%17-!<%?/Q"O?\[HU1@78WN?+Y_3Y\ M)_%)';S'C&+V\ VV'@&XN![P0%SO KV.*8Q:Q'%;5NVK$V7TO&@^ !M9Z^S*?S@?CI'0O8W[!Y06%$4(ZK)F2FI=CZRNE6P3\^W4Q_]?9--]A%!?T MT7YF@R43N-,G\1&BD8*%TC^(D5>4&.R]@$13+*I$10H)!/"U:&S)N@WF+6_U MP.T<&H_?O/TMR_,/3W4.2\KR\U!=&.J'3/@-"&,@U1H!KK"MH JLI+G(7QOLIX)7A3G*+ E2%,U;5J2V M50F+VCUICP:Y)VS:/ML+J&HX/"0YOP!J[GH-R@%/&=SDDY0#&D"/*X;T, MI5Q0)X/:(S4 CGK$C*^BZ]CZ9A+CLS)TP5@YSW87.N=]('>G^6S"!-T<.MXI MX=FE]B9)&B9I^+(TE$TK:8L=A-H+BJ2C4!(=_E@[43VR\/72L!UMD@<[<'?: MY.%+PQV-CWH\@FAA<=UH)/YP)$(P&0>WL:5M43(7?EGH41#[@P]N;V?3/P-' MS6-K^'JI6Z+LGU; C(&F+0K W%#NJ&-(0Q>L-T*K6 4SFA.Z$F:F7%>;35' MRY[2H'^@\-_5J-N8?,7,@5T3'Z(FG])JIH1"3D(*-!6,N*HK'1?*H]7961L0 M?UUI]S+Q61\*N!O:+\[&R*OA&%O?K>Z97>HJ]6B-US%&)&(Y8:3?&UT%6M[E MV66_'-^0_7D[FA73)\K71P"!./\A3K,N)TP\X16.=;-QQ2]/$0BTGV5%"\HO M/_8L)U!S'%-EN:9<>T1!D!<>"UT-@6#6+DRNK5EUV9_SF'G+R8YG$U7,QWC= M$,<5$J,/F-P-TU[>S<+)\GBF2U?8MNNC9-2\,Z1Z. DH'MC[A1I>&.].' <, M0""D590 "W1])#L*X!+48M7HIC='<"H+P38#9[BJ)288=+[ M&J.M1FGE:*!J<>]['^-0E5%>7M[?]V[)1C ZRP14VGCH3#B_>3@EJMU2 M$-.EF-4SN_7Y>C#_C^G=^/(L<.!P[HH91J-O637W=F>;*?L"[V@O?X[G6CW[ M)@NFR6!<[U\\^?)Y6%=OE.=W6?Y+,S\J+ZZOAB9-KYYG@6*B4G$2-Q>$TSC2 ML'#68JQ<,>9I5 UUJF9#Q9>=5 TTGE[*E]VS+&GZG K)+$9,*&!Y MH 615.F*98E19'F6U.A^)E)]:#_#Q6?YIWN:_%&1I#S?/UZ57PDF:EVQMS.> MIGW)R6YX^OLH")U::_LS\-7W;!P8Z"9<>%T.[:M&O]U/&@MKK,;V16[^KZ O MY)>C835';I9]&V7?RUEG\5O%>*,:,Q$@=_/BU_'H)NCY\V*&7+A1/0LQ<%TQ MD2Y_OVP-=O9#S-(]WW8&ZKYS.^,Q! M^FDZ'OO2F;-Z0*,$SGLH-0+!6& 0*0%H_9Z:4KXPH%$(AS'505]57@K(!*H] M3LS#8'%T?T"C*M2]R7 T'I7[5IV67[*OH\DD&N/Q, UV>/'CO1JYPIZ(ZMP@ MKT8TYA]Z[3+QPOD(C^>GYK)/R$6++48NB^T,3T]R\C6BTLQ%H=9#P M1^E&"D9%^<.B6"X_"<*Y_*$6T0>;/]6"$/[K"FGZ93 N'-S!%O[W03A@9Q5] M2R\=WU/2:$7>L?TI!M;NO3\/L'T5 MN*I-=!]Q 5$6 M>>W72?%D,M$V;HI=B(N.VH>OKW!8?NFC=W,L=(EQB <]"V%'"93<0$7NK28" MM%AJIKJ^FX.WTY$"]0E@>Q2A'>7ST]6R.NT'.02X"]!$7IE!T%,DG U_5XK0 M^UQ_II%#2_-G=^8D$6VI6*B/,&Y?/APJS(_/@](=*^L@?2RKS"^Q4%[AB69( M44UL84Q02OZZ3>77L_U >8[U,@)F6J6\K4WHRI5DEW M$'* P86F^4P*9B2F3%'-A86ZZJ$#-,%PJ6O$SJRL#8I75VE2!.^E+^B!2XPC M%0SMV5A=-I56(5PT""=.2R\\,Q!+:#GF&,O:;:JY7-=2>FTXNC5\PU9]*-W' MZ?&=[,E-LE,WB01-PQ3K-&1$.(R8](1YZNJ*',:I$')/;I+VP-_G:)^M2).; MY.C<)/+5;-)6([X#]Y.\0(8#-Y D$AUJ+K+242+$?OOI==?N.?&V>66_B#SH M4_/PB-%@W!O%,K LGQ-![+4PGP8&K)LC/-3$JJ8-M[/I MMU%>6UM-KZTL?]_K4#>BNM\8?^.V1)(NE Y+C#5GTA@,H$;<*@UJW2M\OH%K M)= \*ECU]JG)Y5FUK\5 T>QR9YU! M2W:?KVF$!+O=C7::":(^A;O9C7X0"?EMV=UG_*/?*WJEK! B@SR?#D>%'(E= M7IZ3).\WJ U_,PD:W[AN1 AQD"%!Y_]Z7MT&P?^[R>(?PY@_ZU3SN,O/*S@?W+:[N>3 VNOKTH+A_=>\#;P$B6F!F M# 5<"2*%K'L?^& D+O0^D 8*;P-J!+#A.@XLK+MM FF4.]S>!X\[6Y6=@Z:S M'_=]MQ:Z2A:-KNJ&0T_UP'K0"2$U0MAY(P2YLA$"0R]T-'BI$\)V?WJK.[ZI M:?]6$X1$EPI0=M9GX3^+P\@5W5%K7;D7U.2N.7A.:8[4,BVV,X5WQC1;>K<2 M7QP_7VR3');XXOCYXJF:K<,(3;; .7][?_%^0?>O-?JW'E%T "YR#$3C(D?( M,LX(B4WUG#5$4E/.,@1>$LZ7@HSK&+)J[DM+[*+>G@<7KQ-CG,4;+?I9SL[] MO:/E'7K9TP+?[R6':*LPXMLZX$MQ^\]O#9*.'31).BQ*!PB:YME,>,TTDIHP M1 4QU!)320>#D%IR@^]&.BP5:B3ID*1#D@YO(QV@6 C+<(,@EP9CQRA0DAE< M20<*"-Z3[K#41>,UT@'3)!TVE@['EJ5T,:^C!N/I\$$\(!W%(93\MP7*TA M;P!'>,)P/!WG^C,9^KW!Y7_=Y?.;.+KNK:WECI3L8"B:K"L.#&4&Q=&(7BF- M3+BH KH%%FVE!G^[_VCR]6R>W>1_9+,86=JM*MQE3]GNRW&2'^SDD2V; M!H;46.($-IY0H0UU5DE6(1LYAL4>D-VB5IV0G9!]RLA&L#FS,5)02XAY^#.A MT$#G?7UF8V66B@MV@.P6%73X7B9D'[5WVD]G6;A?K&F855-RHX9^.0I\.2NK M/H[,TEZ)9M3TQK+( *2=\U10ZKUDB,#:U,9"\&W07%'\P15V@=R[U<+!>WKT M)O=61_*QG[Q=AN0J1)*%'C8 2PLA0<((&W5JQ%&%2.T866K]O2-$;JH]Y^'^ MX:<5T&RSG4TWH9F(SY5')FV.3&@M5\XHZCPQ0CK%:7UD$@WD4I>$'0&T M527X^&.XK]-U#]U!?3Z=O+LL6U'%BLB?OPY&D_R7WGB:YUG>B_P^^98E1_5# MS'.TD/9-H>)!1>9(A],XJ,I45ICW$M"M(E)A3YHM<7_>9I,\*PSA%O3C=4YC M^+[5 1Y'8/IV2@ITZ>@^2'RO@K?@31R*2NU!0#(R!"-O&&5U'$H:C[?*V]X$ MWBVZJL'[O8P?[B:J4T9V@G: -E[H"BF =AIQC9551 LIN:F&9WALP'8.KDV@ MW:*:GJ!]$NG445>?#_X<[$)1/V10+U12.*H)T$P3(JAGQ%#AZBI,PHW8R@0/ M'[H_LYO;>7G-GI1PT&K\Z="@FUQBAPM'W)0]>H E 1Q+*B0EADM,Z[)'PA! MNX'C;CS4IYROF>#873BN\E9ATAR/0G!+O,(( "*PT8H+78>0 *1;A9!6X[&S MFFXW87C:#NG 3CTUG">#M03O0O&#M% Y&(-,'!)A(4"ZUFV%V-)@-=>#R==P M@9N$)Q0]7K=N+/(\AO]O-IM>#O+K*( %@NC79*PF/]1QPWKEH&\!0_.GIPK\*V;,[LF"FIJ,(02,&Y MI,R0VLDLB&)+C:Y;Q7:+>KH1WJ )L MPR1'T8JS4Y*FNWI%$B)!B/"F1M,8*)1 T&)-$.,$:U7GBVNHY)J=?-<4(BTF MAZ-V^Y$E(9*$2!(B&PD1T6@B4CCJ/:6(>LRQ,!KC^V$!-$B;5H5(BT$"@EKM ML)"$R#YG>L??AR7+#,J-*RX;%(R:!T:DD!$46W118K0B#F$M@0'(0>!)>,1? M!O6M%RCUX@14U,J T^+7AR.=('W?VV[0[%^GT\OOH_&XG&<\F'R-A1PJS[-Y M;D?Y<#S-[V8OCY85W"&DD/:00@RH]!I5(Y:ETEB#A=&RAAA&C '<*,F)HH#5 M%@?CFL7 ?[4AV:6:;_P<^'@R;;VVHB%[L[I>N;QEAECDEE=.[7U,RT#>^FU6 M#^NU-JX0>18X34IIF:U'B$ME�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