Segment Operating Results (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment’s contribution.

	For the Years Ended December 31,
	2014		2013		2012
Investment Banking
Net Revenues (1)	$	819,637	$	670,785	$	565,219
Operating Expenses	632,927		516,921		444,510
Other Expenses (2)	25,109		33,740		50,774
Operating Income	161,601		120,124		69,935
Income from Equity Method Investments	495		2,906		2,258
Pre-Tax Income from Continuing Operations	$	162,096	$	123,030	$	72,193
Identifiable Segment Assets	$	934,648	$	693,890	$	624,977
Investment Management
Net Revenues (1)	$	96,221	$	94,643	$	77,154
Operating Expenses	86,547		81,885		78,876
Other Expenses (2)	328		2,707		2,678
Operating Income (Loss)	9,346		10,051		(4,400		)
Income from Equity Method Investments	4,685		5,420		2,594
Pre-Tax Income (Loss) from Continuing Operations	$	14,031	$	15,471	$	(1,806	)
Identifiable Segment Assets	$	511,908	$	486,893	$	520,241
Total
Net Revenues (1)	$	915,858	$	765,428	$	642,373
Operating Expenses	719,474		598,806		523,386
Other Expenses (2)	25,437		36,447		53,452
Operating Income	170,947		130,175		65,535
Income from Equity Method Investments	5,180		8,326		4,852
Pre-Tax Income from Continuing Operations	$	176,127	$	138,501	$	70,387
Identifiable Segment Assets	$	1,446,556	$	1,180,783	$	1,145,218

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

	For the Years Ended December 31,
	2014			2013			2012
Investment Banking (A)	$	(1,722	)	$	3,979		$	(3,019	)
Investment Management (B)	(2,530		)	(1,116		)	(2,636		)
Total Other Revenue, net	$	(4,252	)	$	2,863		$	(5,655	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $4,470, $4,386 and $4,312for the years ended December 31, 2014, 2013 and 2012, respectively, and changes in amounts due pursuant to the Company's

tax receivable agreement of $5,524 for the year ended December 31, 2013.

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $3,770, $3,702 and $3,643for the years ended December 31, 2014, 2013 and 2012, respectively, and changes in amounts due pursuant to the

Company's tax receivable agreement of $1,381 for the year ended December 31, 2013.

(2) Other Expenses are as follows:

	For the Years Ended December 31,
	2014		2013		2012
Investment Banking
Amortization of LP Units and Certain Other Awards	$	3,399	$	17,817	$	18,601
Other Acquisition Related Compensation Charges	7,939		15,923		28,163
Special Charges	4,893		—		662
Intangible Asset and Other Amortization	2,494		—		3,348
Professional Fees	1,672		—		—
Acquisition and Transition Costs	4,712		—		—
Total Investment Banking	25,109		33,740		50,774
Investment Management
Amortization of LP Units and Certain Other Awards	—		2,209		2,350
Special Charges	—		170		—
Intangible Asset and Other Amortization	328		328		328
Total Investment Management	328		2,707		2,678
Total Other Expenses	$	25,437	$	36,447	$	53,452

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 Years Ended December 31,
	2014		2013		2012
Net Revenues: (1)
United States	$	608,631	$	532,615	$	452,594
Europe and Other	248,815		145,267		151,261
Latin America	62,664		84,683		44,173
Total	$	920,110	$	762,565	$	648,028

(1) Excludes Other Revenue and Interest Expense.

Assets by Geographic Areas

The Company’s total assets are located in the following geographical areas:

	For the Years Ended December 31,
	2014		2013
Total Assets:
United States	$	1,099,363	$	899,602
Europe and Other	160,934		131,847
Latin America	186,259		149,334
Total	$	1,446,556	$	1,180,783