Derivatives (Tables)

9 Months Ended

Sep. 30, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Values of Derivatives Reported on Condensed Consolidated Statements of Financial Condition

The table below presents the fair value of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements reported within “accrued compensation and benefits” (see Note 12) on the accompanying condensed consolidated statements of financial condition as of September 30, 2017 and December 31, 2016:

	September 30,		December 31,
	2017		2016
Derivative Assets:
Forward foreign currency exchange rate contracts	$	2,938	$	1,993
Total return swaps and other (a)		505		-
	$	3,443	$	1,993
Derivative Liabilities:
Forward foreign currency exchange rate contracts	$	3,835	$	2,792
Total return swaps and other (a)		9,557		9,043
LFI and other similar deferred compensation arrangements		175,750		170,388
	$	189,142	$	182,223

(a) For total return swaps, amounts represent the netting of gross derivative assets and liabilities of $509 and $9,561 as of September 30, 2017, respectively, and $357 and $9,400 as of December 31, 2016, respectively, for contracts with the same counterparty under legally enforceable master netting agreements. Such amounts are recorded “net” in “other assets”, with receivables for net cash collateral under such contracts of $17,496 and $16,996 as of September 30, 2017 and December 31, 2016, respectively.

Net Gains and (Losses) With Respect To Derivative Instruments (Including Derivatives Not Designed As Hedging Instruments)

Net gains (losses) with respect to derivative instruments (predominantly reflected in “revenue-other”) and the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements (included in “compensation and benefits” expense) as reflected on the accompanying condensed consolidated statements of operations for the three month and nine month periods ended September 30, 2017 and 2016, were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Forward foreign currency exchange rate contracts	$	(2,991	)	$	(1,591	)	$	(8,149	)	$	(8,445	)
LFI and other similar deferred compensation arrangements		(4,875	)		(6,909	)		(17,981	)		(4,707	)
Total return swaps and other		(3,890	)		(4,032	)		(12,872	)		(5,494	)
Total	$	(11,756	)	$	(12,532	)	$	(39,002	)	$	(18,646	)