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Segment Operating Results (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Segment Reporting Information [Line Items]          
Net Revenues [1] $ 308,951 $ 227,161 $ 815,030 $ 593,970  
Operating Expenses 238,840 178,905 644,250 474,350  
Other Expenses [2] 58,213 8,910 116,773 16,525  
Operating Income (Loss) 11,898 39,346 54,007 103,095  
Income (Loss) from Equity Method Investments 929 1,102 4,034 3,381  
Pre-Tax Income (Loss) 12,827 40,448 58,041 106,476  
Identifiable Segment Assets 1,330,389 1,223,751 1,330,389 1,223,751 $ 1,446,556
Investment Banking [Member]          
Segment Reporting Information [Line Items]          
Net Revenues [1] 285,918 203,028 746,875 522,202  
Operating Expenses 220,565 156,549 586,200 410,832  
Other Expenses [2] 30,131 8,828 85,168 16,279  
Operating Income (Loss) 35,222 37,651 75,507 95,091  
Income (Loss) from Equity Method Investments (528) (48) 238 455  
Pre-Tax Income (Loss) 34,694 37,603 75,745 95,546  
Identifiable Segment Assets 919,000 719,351 919,000 719,351  
Investment Management [Member]          
Segment Reporting Information [Line Items]          
Net Revenues [1] 23,033 24,133 68,155 71,768  
Operating Expenses 18,275 22,356 58,050 63,518  
Other Expenses [2] 28,082 82 31,605 246  
Operating Income (Loss) (23,324) 1,695 (21,500) 8,004  
Income (Loss) from Equity Method Investments 1,457 1,150 3,796 2,926  
Pre-Tax Income (Loss) (21,867) 2,845 (17,704) 10,930  
Identifiable Segment Assets $ 411,389 $ 504,400 $ 411,389 $ 504,400  
[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, 2015 2014 2015 2014Investment Banking (A)$357 $850 $(2,874) $(731)Investment Management (B)(779) (644) (2,243) (1,725)Total Other Revenue, net$(422) $206 $(5,117) $(2,456)(A)Investment Banking Other Revenue, net, includes interest expense on the Senior Notes, subordinated borrowings and line of credit of $1,452 and $4,889 for the three and nine months ended September 30, 2015, respectively, and $1,134 and $3,344 for the three and nine months ended September 30, 2014, respectively. (B)Investment Management Other Revenue, net, includes interest expense on the Senior Notes and line of credit of $962 and $2,874 for the three and nine months ended September 30, 2015, respectively, and $956 and $2,820 for the three and nine months ended September 30, 2014, respectively.
[2] Other Expenses are as follows: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2015 2014 2015 2014Investment Banking Amortization of LP Units / Interests and Certain Other Awards$21,980 $— $66,123 $—Other Acquisition Related Compensation Charges— 592 1,537 6,371Special Charges— 3,732 2,151 3,732Professional Fees— — — 1,672Acquisition and Transition Costs538 4,122 1,928 4,122Fair Value of Contingent Consideration2,797 — 2,797 —Intangible Asset and Other Amortization4,816 382 10,632 382Total Investment Banking30,131 8,828 85,168 16,279Investment Management Special Charges28,000 — 31,348 —Acquisition and Transition Costs— — 11 —Intangible Asset and Other Amortization82 82 246 246Total Investment Management28,082 82 31,605 246Total Other Expenses$58,213 $8,910 $116,773 $16,525