XML 61 R60.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Operating Results (Information Regarding Company's Operations By Segment) (Detail) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Segment Reporting Information [Line Items]          
Net Revenues $ 153,029 [1] $ 163,181 [1] $ 428,324 [1] $ 411,483 [1]  
Operating Expenses 126,049 131,946 363,023 331,756  
Other Expenses 12,735 [2] 17,793 [2] 42,004 [2] 42,906 [2]  
Income (Loss) Before Income from Equity Method Investments and Income Taxes 14,245 13,442 23,297 36,821  
Income (Loss) from Equity Method Investments 415 195 3,519 664  
Pre-Tax Income (Loss) from Continuing Operations 14,660 13,637 26,816 37,485  
Identifiable Segment Assets 1,028,764 1,069,825 1,028,764 1,069,825 1,043,592
Investment Banking [Member]
         
Segment Reporting Information [Line Items]          
Net Revenues 133,415 [1] 139,166 [1] 370,364 [1] 335,521 [1]  
Operating Expenses, Investment Banking 106,897 109,376 304,556 263,037  
Other Expenses, Investment Banking 12,057 [2] 16,969 [2] 40,062 [2] 37,836 [2]  
Income (Loss) Before Income from Equity Method Investments and Income Taxes 14,461 12,821 25,746 34,648  
Income (Loss) from Equity Method Investments (200) 256 1,395 1,172  
Pre-Tax Income (Loss) from Continuing Operations 14,261 13,077 27,141 35,820  
Identifiable Segment Assets 519,000 569,741 519,000 569,741  
Investment Management [Member]
         
Segment Reporting Information [Line Items]          
Net Revenues 19,614 [1] 24,015 [1] 57,960 [1] 75,962 [1]  
Operating Expenses, Investment Management 19,152 22,570 58,467 68,719  
Other Expenses, Investment Management 678 [2] 824 [2] 1,942 [2] 5,070 [2]  
Income (Loss) Before Income from Equity Method Investments and Income Taxes (216) 621 (2,449) 2,173  
Income (Loss) from Equity Method Investments 615 (61) 2,124 (508)  
Pre-Tax Income (Loss) from Continuing Operations 399 560 (325) 1,665  
Identifiable Segment Assets $ 509,764 $ 500,084 $ 509,764 $ 500,084  
[1] Net revenues include Other Revenue, net, allocated to the segments as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2012 2011 2012 2011 Investment Banking (A) $ (435 ) $ (829 ) $ (2,407 ) $ (2,222 ) Investment Management (B) (820 ) (708 ) (2,274 ) (2,192 ) Total Other Revenue, net $ (1,255 ) $ (1,537 ) $ (4,681 ) $ (4,414 ) (A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,082 and $3,227 for the three and nine months ended September 30, 2012, respectively, and $1,059 and $3,171 for the three and nine months ended September 30, 2011, respectively. (B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $914 and $2,727 for the three and nine months ended September 30, 2012, respectively, and $894 and $2,678 for the three and nine months ended September 30, 2011, respectively.
[2] Other Expenses are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2012 2011 2012 2011 Investment Banking Amortization of LP Units and Certain Other Awards $ 4,866 $ 4,580 $ 13,577 $ 15,603 Vesting of Event-based Awards - - - 8,906 Acquisition Related Compensation Charges 6,802 7,729 22,799 7,729 Special Charges - 2,626 662 2,626 Intangible Asset Amortization 389 2,034 3,024 2,972 Total Investment Banking 12,057 16,969 40,062 37,836 Investment Management Amortization of LP Units and Certain Other Awards 596 741 1,696 2,338 Vesting of Event-based Awards - - - 2,483 Intangible Asset Amortization 82 83 246 249 Total Investment Management 678 824 1,942 5,070 Total Other Expenses $ 12,735 $ 17,793 $ 42,004 $ 42,906