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Revenue and Accounts Receivable (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023, 2022 and 2021:
For the Years Ended December 31,
202320222021
Investment Banking & Equities:
Advisory Fees$1,963,857 $2,392,990 $2,751,992 
Underwriting Fees111,016 122,596 246,705 
Commissions and Related Revenue202,789 206,207 205,822 
Total Investment Banking & Equities$2,277,662 $2,721,793 $3,204,519 
Investment Management:
Asset Management and Administration Fees:
Wealth Management
$67,041 $64,483 $65,784 
Total Investment Management$67,041 $64,483 $65,784 
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, 2023 and 2022 are as follows:
For the Year Ended December 31, 2023
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, 2023$385,131 $64,139 $110,468 $8,028 $5,071 $— 
Increase (Decrease)(13,525)29,550 (25,067)(2,183)(1,547)— 
Balance at December 31, 2023$371,606 $93,689 $85,401 $5,845 $3,524 $— 
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 $— 
(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, 2023 and 2022 is as follows:
For the Years Ended December 31,
20232022
Beginning Balance$4,683 $2,704 
Bad debt expense, net of reversals5,559 5,513 
Write-offs, foreign currency translation and other adjustments(4,639)(3,534)
Ending Balance$5,603 $4,683 
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, 2023, by year of origination:
Amortized Carrying Value by Origination Year
20232022202120202019Total
Long-term Accounts Receivable and Long-term Contract Assets$59,665 $28,443 $9,089 $1,769 $568 $99,534