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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Segment's Contribution with Respect to Net Revenue, Operating Expenses, Operating Income (Loss) and Total Assets

Management evaluates segment results based on net revenue and operating income (loss) and believes that the following information provides a reasonable representation of each segment’s contribution with respect to net revenue, operating income (loss) and total assets:

 

 

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 

 

June 30,

 

 

June 30,

 

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Financial Advisory

 

Net Revenue

 

$

422,089

 

 

$

410,882

 

 

$

831,210

 

 

$

746,694

 

 

 

Operating Expenses

 

 

318,177

 

 

 

313,719

 

 

 

642,873

 

 

 

576,470

 

 

 

Operating Income

 

$

103,912

 

 

$

97,163

 

 

$

188,337

 

 

$

170,224

 

Asset Management

 

Net Revenue

 

$

352,588

 

 

$

309,878

 

 

$

706,871

 

 

$

593,241

 

 

 

Operating Expenses

 

 

229,561

 

 

 

215,901

 

 

 

459,230

 

 

 

404,652

 

 

 

Operating Income

 

$

123,027

 

 

$

93,977

 

 

$

247,641

 

 

$

188,589

 

Corporate

 

Net Revenue

 

$

(16,739

)

 

$

(3,580

)

 

$

(25,445

)

 

$

709

 

 

 

Operating Expenses

 

 

10,260

 

 

 

15,059

 

 

 

24,765

 

 

 

36,824

 

 

 

Operating Loss

 

$

(26,999

)

 

$

(18,639

)

 

$

(50,210

)

 

$

(36,115

)

Total

 

Net Revenue

 

$

757,938

 

 

$

717,180

 

 

$

1,512,636

 

 

$

1,340,644

 

 

 

Operating Expenses

 

 

557,998

 

 

 

544,679

 

 

 

1,126,868

 

 

 

1,017,946

 

 

 

Operating Income

 

$

199,940

 

 

$

172,501

 

 

$

385,768

 

 

$

322,698

 

 

 

 

As Of

 

 

 

June 30, 2018

 

 

December 31, 2017

 

Total Assets

 

 

 

 

 

 

 

 

Financial Advisory

 

$

877,678

 

 

$

843,142

 

Asset Management

 

 

709,833

 

 

 

756,398

 

Corporate

 

 

3,040,481

 

 

 

3,329,137

 

Total

 

$

4,627,992

 

 

$

4,928,677