Segment Operating Results (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment’s contribution.

	For the Years Ended December 31,
	2015			2014		2013
Investment Banking
Net Revenues (1)	$	1,130,915		$	819,637	$	670,785
Operating Expenses	869,301			632,927		516,921
Other Expenses (2)	108,739			25,109		33,740
Operating Income	152,875			161,601		120,124
Income from Equity Method Investments	978			495		2,906
Pre-Tax Income from Continuing Operations	$	153,853		$	162,096	$	123,030
Identifiable Segment Assets	$	1,097,373		$	934,648	$	693,890
Investment Management
Net Revenues (1)	$	92,358		$	96,221	$	94,643
Operating Expenses	77,231			86,547		81,885
Other Expenses (2)	39,332			328		2,707
Operating Income (Loss)	(24,205		)	9,346		10,051
Income from Equity Method Investments	5,072			4,685		5,420
Pre-Tax Income (Loss) from Continuing Operations	$	(19,133	)	$	14,031	$	15,471
Identifiable Segment Assets	$	381,798		$	511,908	$	486,893
Total
Net Revenues (1)	$	1,223,273		$	915,858	$	765,428
Operating Expenses	946,532			719,474		598,806
Other Expenses (2)	148,071			25,437		36,447
Operating Income	128,670			170,947		130,175
Income from Equity Method Investments	6,050			5,180		8,326
Pre-Tax Income from Continuing Operations	$	134,720		$	176,127	$	138,501
Identifiable Segment Assets	$	1,479,171		$	1,446,556	$	1,180,783

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

	For the Years Ended December 31,
	2015			2014			2013
Investment Banking (A)	$	(2,945	)	$	(1,722	)	$	3,979
Investment Management (B)	(2,771		)	(2,530		)	(1,116		)
Total Other Revenue, net	$	(5,716	)	$	(4,252	)	$	2,863

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes, New Loan, subordinated borrowings and line of credit of $6,041, $4,470 and $4,386for the years ended December 31, 2015, 2014 and 2013, 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, New Loan and line of credit of $3,576, $3,770 and $3,702for the years ended December 31, 2015, 2014 and 2013, 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,
	2015		2014		2013
Investment Banking
Amortization of LP Units / Interests and Certain Other Awards	$	83,673	$	3,399	$	17,817
Other Acquisition Related Compensation Charges	1,537		7,939		15,923
Special Charges	2,151		4,893		—
Professional Fees	—		1,672		—
Acquisition and Transition Costs	4,879		4,712		—
Fair Value of Contingent Consideration	2,704		—		—
Intangible Asset and Other Amortization	13,795		2,494		—
Total Investment Banking	108,739		25,109		33,740
Investment Management
Amortization of LP Units and Certain Other Awards	—		—		2,209
Special Charges	38,993		—		170
Acquisition and Transition Costs	11		—		—
Intangible Asset and Other Amortization	328		328		328
Total Investment Management	39,332		328		2,707
Total Other Expenses	$	148,071	$	25,437	$	36,447

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,
	2015		2014		2013
Net Revenues: (1)
United States	$	900,672	$	608,631	$	532,615
Europe and Other	287,884		248,815		145,267
Latin America	40,433		62,664		84,683
Total	$	1,228,989	$	920,110	$	762,565

(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,
	2015		2014
Total Assets:
United States	$	1,135,570	$	1,099,363
Europe and Other	221,358		160,934
Latin America	122,243		186,259
Total	$	1,479,171	$	1,446,556