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Segment Information (Tables)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets
the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

          As Of Or For The Year Ended December 31,  
          2013(b)     2012(b)     2011  

Financial Advisory

   Net Revenue    $ 980,577      $ 1,049,090      $ 992,107   
   Operating Expenses (a)      959,668        1,057,620        929,688   
     

 

 

   

 

 

   

 

 

 
   Operating Income (Loss)    $ 20,909      $ (8,530   $ 62,419   
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 714,708      $ 793,007      $ 767,699   
     

 

 

   

 

 

   

 

 

 

Asset Management

   Net Revenue    $ 1,039,130      $ 896,260      $ 897,401   
   Operating Expenses (a)      704,045        659,502        628,945   
     

 

 

   

 

 

   

 

 

 
   Operating Income    $ 335,085      $ 236,758      $ 268,456   
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 612,018      $ 566,677      $ 583,524   
     

 

 

   

 

 

   

 

 

 

Corporate

   Net Revenue    $ (34,355   $ (32,902   $ (59,996
   Operating Expenses (a)      104,832        71,441        35,380   
     

 

 

   

 

 

   

 

 

 
   Operating Loss    $ (139,187   $ (104,343   $ (95,376
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 1,684,411      $ 1,627,209      $ 1,730,713   
     

 

 

   

 

 

   

 

 

 

Total

   Net Revenue    $ 1,985,352      $ 1,912,448      $ 1,829,512   
   Operating Expenses (a)      1,768,545        1,788,563        1,594,013   
     

 

 

   

 

 

   

 

 

 
   Operating Income    $ 216,807      $ 123,885      $ 235,499   
     

 

 

   

 

 

   

 

 

 
   Total Assets    $ 3,011,137      $ 2,986,893      $ 3,081,936   
     

 

 

   

 

 

   

 

 

 

 

(a) Operating expenses include depreciation and amortization of property as set forth in table below.

 

     Year Ended December 31,  
     2013      2012      2011  

Financial Advisory

   $ 5,256       $ 5,710       $ 6,739   

Asset Management

     2,556         3,250         3,502   

Corporate

     26,938         21,895         14,339   
  

 

 

    

 

 

    

 

 

 

Total

   $ 34,750       $ 30,855       $ 24,580   
  

 

 

    

 

 

    

 

 

 

 

(b) See Note 16 of Notes to Consolidated Financial Statements for information regarding the Cost Saving Initiatives announced by the Company in 2013 and 2012, and the impact on each of the Company’s business segments.
 
Schedule of Revenue from External Customers and Identifiable Assets, by Geographical Areas

The following table sets forth the net revenue from, and identifiable assets for, the Company and its consolidated subsidiaries by geographic region allocated on the basis described above.

 

    As Of Or For The Year Ended December 31,  
             2013                        2012                        2011            

Net Revenue:

     

United States

  $ 1,217,014      $ 1,172,566      $ 1,083,457   

United Kingdom

    205,695        180,784        190,307   

France

    281,740        265,523        234,441   

Other Western Europe

    123,975        132,754        174,284   

Rest of World

    156,928        160,821        147,023   
 

 

 

   

 

 

   

 

 

 

Total

  $ 1,985,352      $ 1,912,448      $ 1,829,512   
 

 

 

   

 

 

   

 

 

 

Operating Income (Loss):

     

United States

  $ 234,247      $ 169,111      $ 209,236   

United Kingdom

    (6,474     (37,329     (18,074

France

    14,845        8,332        8,262   

Other Western Europe

    (8,260     (20,812     27,276   

Rest of World

    (17,551     4,583        8,799   
 

 

 

   

 

 

   

 

 

 

Total

  $ 216,807      $ 123,885      $ 235,499   
 

 

 

   

 

 

   

 

 

 

Identifiable Assets:

     

United States

  $ 1,529,695      $ 1,507,331      $ 1,630,547   

United Kingdom

    239,606        226,578        253,365   

France

    824,712        808,655        773,196   

Other Western Europe

    118,939        114,763        116,682   

Rest of World

    298,185        329,566        308,146   
 

 

 

   

 

 

   

 

 

 

Total

  $ 3,011,137      $ 2,986,893      $ 3,081,936