Special Charges and Intangible Asset Amortization

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Acquisition and Transition Costs and Special Charges [Text Block]

Special Charges and Intangible Asset Amortization

Special Charges

The Company recognized $1,029 and $3,087 for the three and nine months ended September 30, 2019, respectively, as Special Charges incurred related to the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York. The Company recognized $1,967 and $3,864 for the three and nine months ended September 30, 2018, respectively, as Special Charges incurred related to separation benefits and costs for the termination of certain contracts associated with closing the Company's agency trading platform in the U.K. and separation benefits and related charges associated with the Company's businesses in Mexico, as well as the acceleration of depreciation expense for leasehold improvements in conjunction with the expansion of the Company's headquarters in New York.

Intangible Asset Amortization

Expense associated with the amortization of intangible assets for Investment Banking was $2,190 and $6,570 for the three and nine months ended September 30, 2019, respectively, and $2,191 and $6,571 for the three and nine months ended September 30, 2018, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Management was $109 and $328 for the three and nine months ended September 30, 2019, respectively, and $110 and $328 for the three and nine months ended September 30, 2018, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations.