Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment's contribution.

	For the Three Months Ended March 31,
	2020		2019
Investment Banking
Net Revenues(1)	$	413,656	$	401,188
Operating Expenses	339,795		311,910
Other Expenses(2)	25,226		7,258
Operating Income	48,635		82,020
Income from Equity Method Investments	536		255
Pre-Tax Income	$	49,171	$	82,275
Identifiable Segment Assets	$	2,070,887	$	1,650,115
Investment Management
Net Revenues(1)	$	13,351	$	14,139
Operating Expenses	12,651		12,241
Other Expenses(2)	32		108
Operating Income	668		1,790
Income from Equity Method Investments	2,592		1,956
Pre-Tax Income	$	3,260	$	3,746
Identifiable Segment Assets	$	150,665	$	194,822
Total
Net Revenues(1)	$	427,007	$	415,327
Operating Expenses	352,446		324,151
Other Expenses(2)	25,258		7,366
Operating Income	49,303		83,810
Income from Equity Method Investments	3,128		2,211
Pre-Tax Income	$	52,431	$	86,021
Identifiable Segment Assets	$	2,221,552	$	1,844,937

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

	For the Three Months Ended March 31,
	2020			2019
Investment Banking(A)	$	(21,407	)	$	6,487
Investment Management	604			1,756
Total Other Revenue, net	$	(20,803	)	$	8,243

(A) Investment Banking Other Revenue, net, includes interest expense on the Notes Payable and lines of credit of $4,842 and $2,264 for the three months ended March 31, 2020 and 2019, respectively.

(2) Other Expenses are as follows:

	For the Three Months Ended March 31,
	2020		2019
Investment Banking
Amortization of LP Units and Certain Other Awards	$	1,067	$	4,072
Special Charges, Including Business Realignment Costs	23,644		1,029
Acquisition and Transition Costs	8		—
Intangible Asset and Other Amortization	507		2,157
Total Investment Banking	25,226		7,258
Investment Management
Special Charges, Including Business Realignment Costs	32		—
Acquisition and Transition Costs	—		108
Total Investment Management	32		108
Total Other Expenses	$	25,258	$	7,366

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company's revenues were derived from clients located and managed in the following geographical areas:

	For the Three Months Ended March 31,
	2020		2019
Net Revenues:(1)
United States	$	365,215	$	274,122
Europe and Other	80,021		129,284
Latin America	2,574		3,678
Total	$	447,810	$	407,084

(1) Excludes Other Revenue, Including Interest and Investments, and Interest Expense.

Assets by Geographic Areas

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

	March 31, 2020		December 31, 2019
Total Assets:
United States	$	1,881,621	$	2,158,347
Europe and Other	295,598		373,822
Latin America	44,333		66,444
Total	$	2,221,552	$	2,598,613