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Revenue and Accounts Receivable (Tables)
 12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table presents revenue recognized by the Company for the years ended December 31, 2022, 2021 and 2020:
For the Years Ended December 31,
202220212020
Investment Banking & Equities:
Advisory Fees$2,392,990 $2,751,992 $1,755,273 
Underwriting Fees122,596 246,705 276,191 
Commissions and Related Revenue206,207 205,822 206,692 
Total Investment Banking & Equities$2,721,793 $3,204,519 $2,238,156 
Investment Management:
Asset Management and Administration Fees:
Wealth Management
$64,483 $65,784 $53,069 
Institutional Asset Management
— — 1,328 
Total Investment Management$64,483 $65,784 $54,397 
Contract with Customer, Asset and Liability [Table Text Block]
The change in the Company’s contract assets and liabilities during the following periods primarily reflects timing differences between the Company’s performance and the client’s payment. The Company’s receivables, contract assets and deferred revenue (contract liabilities) for the years ended December 31, 2022 and 2021 are as follows:
For the Year Ended December 31, 2022
Receivables
(Current)(1)
Receivables
(Long-term)(2)
Contract Assets (Current)(3)
Contract Assets (Long-term)(2)
Deferred Revenue
(Current Contract Liabilities)(4)
Deferred Revenue
(Long-term Contract Liabilities)(5)
Balance at January 1, 2022$351,668 $87,764 $14,092 $12,945 $9,257 $147 
Increase (Decrease)33,463 (23,625)96,376 (4,917)(4,186)(147)
Balance at December 31, 2022$385,131 $64,139 $110,468 $8,028 $5,071 $— 
For the Year Ended December 31, 2021
Receivables
(Current)(1)
Receivables
(Long-term)(2)
Contract Assets (Current)(3)
Contract Assets (Long-term)(2)
Deferred Revenue
(Current Contract Liabilities)(4)
Deferred Revenue
(Long-term Contract Liabilities)(5)
Balance at January 1, 2021$368,346 $70,975 $29,327 $5,283 $9,373 $147 
Increase (Decrease)(16,678)16,789 (15,235)7,662 (116)— 
Balance at December 31, 2021$351,668 $87,764 $14,092 $12,945 $9,257 $147 
(1)Included in Accounts Receivable on the Consolidated Statements of Financial Condition.
(2)Included in Other Assets on the Consolidated Statements of Financial Condition.
(3)Included in Other Current Assets on the Consolidated Statements of Financial Condition.
(4)Included in Other Current Liabilities on the Consolidated Statements of Financial Condition.
(5)Included in Other Long-term Liabilities on the Consolidated Statements of Financial Condition.
Accounts Receivable, Allowance for Credit Loss [Table Text Block]
The allowance for credit losses for the years ended December 31, 2022 and 2021 is as follows:
For the Years Ended December 31,
20222021
Beginning Balance$2,704 $5,372 
Bad debt expense, net of reversals5,513 (60)
Write-offs, foreign currency translation and other adjustments(3,534)(2,608)
Ending Balance$4,683 $2,704 
Accounts Receivable, Noncurrent, Credit Quality Indicator [Table Text Block] For long-term accounts receivable and long-term contract assets, the Company monitors clients’ creditworthiness based on collection experience and other internal metrics. The following table presents the Company’s long-term accounts receivable and long-term contract assets from the Company's private and secondary fund advisory businesses as of December 31, 2022, by year of origination:
Amortized Carrying Value by Origination Year
20222021202020192018Total
Long-term Accounts Receivable and Long-Term Contract Assets$41,686 $21,174 $7,184 $2,123 $— $72,167