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	)	$	—