Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment’s contribution.

	For the Three Months Ended March 31,
	2014			2013
Investment Banking
Net Revenues (1)	$	127,851		$	131,596
Operating Expenses	105,532			105,066
Other Expenses (2)	3,214			9,855
Operating Income	19,105			16,675
Income (Loss) from Equity Method Investments	(310		)	170
Pre-Tax Income from Continuing Operations	$	18,795		$	16,845
Identifiable Segment Assets	$	590,956		$	526,549
Investment Management
Net Revenues (1)	$	21,262		$	21,035
Operating Expenses	19,571			20,710
Other Expenses (2)	82			750
Operating Income (Loss)	1,609			(425		)
Income from Equity Method Investments	551			586
Pre-Tax Income from Continuing Operations	$	2,160		$	161
Identifiable Segment Assets	$	453,961		$	449,940
Total
Net Revenues (1)	$	149,113		$	152,631
Operating Expenses	125,103			125,776
Other Expenses (2)	3,296			10,605
Operating Income	20,714			16,250
Income from Equity Method Investments	241			756
Pre-Tax Income from Continuing Operations	$	20,955		$	17,006
Identifiable Segment Assets	$	1,044,917		$	976,489

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended March 31,
	2014			2013
Investment Banking (A)	$	(653	)	$	213
Investment Management (B)	(653		)	(402		)
Total Other Revenue, net	$	(1,306	)	$	(189	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,105 and $1,088for the three months ended March 31, 2014 and 2013, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $932 and $919for the three months ended March 31, 2014 and 2013, respectively.

(2) Other Expenses are as follows:

	For the Three Months Ended March 31,
	2014		2013
Investment Banking
Amortization of LP Units and Certain Other Awards	$	—	$	4,909
Acquisition Related Compensation Charges	3,214		4,946
Total Investment Banking	3,214		9,855
Investment Management
Amortization of LP Units and Certain Other Awards	—		668
Intangible Asset Amortization	82		82
Total Investment Management	82		750
Total Other Expenses	$	3,296	$	10,605

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Three Months Ended March 31,
	2014		2013
Net Revenues: (1)
United States	$	107,927	$	90,856
Europe and Other	36,788		39,369
Latin America	5,704		22,595
Total	$	150,419	$	152,820

(1) Excludes Other Revenue and Interest Expense.