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Business Realignment (Tables)
9 Months Ended
Sep. 30, 2020
Restructuring And Related Activities [Abstract]  
Expenses and Losses Associated with Business Realignment Activity

Expenses associated with the business realignment for the three month and nine month periods ended September 30, 2019 were as follows:

 

 

Financial Advisory

 

 

Asset Management

 

 

Corporate

 

 

Total

 

Compensation and benefits

 

$

35,658

 

 

$

13,144

 

 

$

317

 

 

$

49,119

 

Other

 

 

-

 

 

 

1,335

 

 

 

1,000

 

 

 

2,335

 

Total

 

$

35,658

 

 

$

14,479

 

 

$

1,317

 

 

$

51,454

 

Activity Related to the Obligations Pursuant to Business Realignment

Activity related to the obligations pursuant to the business realignment during the nine month period ended September 30, 2020 was as follows:

 

 

Accrued Compensation and Benefits

 

 

Other

Liabilities

 

 

Total

 

Balance, January 1, 2020

 

$

20,210

 

 

$

5,068

 

 

$

25,278

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Costs paid or otherwise settled

 

 

(18,304

)

 

 

(5,068

)

 

 

(23,372

)

Balance, September 30, 2020

 

$

1,906

 

 

$

-

 

 

$

1,906