Derivatives

12 Months Ended

Dec. 31, 2020

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivatives

8. DERIVATIVES

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 16) on the accompanying consolidated statements of financial condition as of December 31, 2020 and 2019:

	December 31,
	2020		2019
Derivative Assets:
Forward foreign currency exchange rate contracts	$	536	$	1,395
	$	536	$	1,395
Derivative Liabilities:
Forward foreign currency exchange rate contracts	$	333	$	1,720
Total return swaps and other (a)		2,752		8,527
LFI and other similar deferred compensation arrangements		311,400		226,026
	$	314,485	$	236,273

(a) For total return swaps and for contracts with the same counterparty under legally enforceable master netting agreements, (i) as of December 31, 2020 amounts represent the netting of gross derivative assets and liabilities of $152 and $9,797, respectively, and receivables for net cash collateral under such contracts of $6,893, and (ii) as of December 31, 2019 amounts represent the netting of gross derivative assets and liabilities of $152 and $8,679, respectively. Such amounts are recorded “net” by counterparty in “other assets” and “other liabilities”.

Net gains (losses) with respect to derivative instruments (included 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 consolidated statements of operations for the years ended December 31, 2020, 2019 and 2018, were as follows:

	Year Ended December 31,
	2020			2019			2018
Forward foreign currency exchange rate contracts	$	(8,356	)	$	6,988		$	7,584
LFI and other similar deferred compensation arrangements		(40,634	)		(31,657	)		14,086
Total return swaps and other		(9,236	)		(14,294	)		8,813
Total	$	(58,226	)	$	(38,963	)	$	30,483